Corporate news

FILE- In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)
Associated Press
February 20, 2020 - 4:22 pm
NEW YORK (AP) — Victoria's Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold, its fortunes diminished as women increasingly look for styles that more realistically fit their body types. The company's owner, L Brands,...
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Cigarette Butts
Associated Press
February 20, 2020 - 7:35 am
MADRID (AP) — Police have dismantled what they say is the Europe Union’s first clandestine underground cigarette factory — four meters (13 feet) under a horse stable in southern Spain. Statements Thursday from Spanish police and Europol said 20 people from Britain, Ukraine and Lithuania were...
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FILE - In this April 30, 2018, file photo, financier Michael Milken leads a discussion at the Milken Institute Global Conference in Beverly Hills, Calif. (AP Photo/Jae C. Hong, File )
Associated Press
February 18, 2020 - 6:18 pm
Some were big names who grabbed national headlines while others were lesser known but also faced serious charges and prison. A look at who was granted clemency Tuesday by President Donald Trump and an overview of their criminal cases: PARDONS Edward DeBartolo, Jr. was the owner of the San Francisco...
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In this Wednesday, Feb. 12, 2020, photo, a statue stands outside the Boys Scouts of America headquarters in Irving, Texas. The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits. The filing Tuesday, Feb. 18, in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on. (AP Photo/LM Otero)
Associated Press
February 18, 2020 - 9:21 am
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in...
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FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
February 18, 2020 - 8:50 am
LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said...
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In this Monday, Feb. 17, 2020, photo released by Xinhua News Agency, patients infected with the coronavirus take rest at a temporary hospital converted from Wuhan Sports Center in Wuhan in central China's Hubei Province. China reported thousands new virus cases and more deaths in its update Tuesday on a disease outbreak that has caused milder illness in most people, an assessment that promoted guarded optimism from global health authorities. (Xiao Yijiu/Xinhua via AP)
February 18, 2020 - 7:02 am
BEIJING (AP) — As a mysterious new virus enveloped central China's Wuhan early this year, Liu Zhiming mobilized all the resources of his hospital in the city's Wuchang district to deal with the thousands of sick people arriving daily, threatening to overwhelm the local health care system. That...
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People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)
February 18, 2020 - 1:56 am
BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show. Signs suggest China may postpone its...
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A customer steps out of a Pier 1 Imports store which was having a closeout sale, Monday, Feb. 17, 2020, in Larchmont, N.Y. Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. (AP Photo/Julie Jacobson)
Associated Press
February 17, 2020 - 7:16 pm
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like...
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FILE - This Oct. 14, 2009 file photo, shows copies of the McClatchy Co. owned Miami Herald newspaper in Miami. McClatchy Co., the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co. said Thursday, Feb. 13, 2020, that it will continue to run normally as it pursues approval of its restructuring plan under Chapter 11. (AP Photo/Wilfredo Lee, File)
Associated Press
February 13, 2020 - 3:06 pm
NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online. McClatchy said Thursday that its 30...
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FILE - In this Jan. 15, 2020, file photo T-Mobile chief executive John Legere speaks to reporters as he leaves the courthouse in New York. A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. (AP Photo/Seth Wenig, File)
February 11, 2020 - 11:26 am
NEW YORK (AP) — A federal judge has removed a major obstacle to T-Mobile's $26.5 billion takeover of Sprint, as he rejected claims by a group of states that the deal would mean less competition and higher phone bills. Though the deal still needs a few more approvals, T-Mobile expects to close it as...
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