Tag: Corporate news
Infrastructure spending promises boost for construction cos.
Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid...
Company defends use of toxic chemicals to fight plant fire
A company whose northern Illinois chemical plant was heavily damaged in a fire last week defended its use of firefighting foam containing toxic chemicals...
Lilly to seek FDA approval for potential Alzheimer’s drug
INDIANAPOLIS — Eli Lilly said Thursday that it will submit its potential Alzheimer’s treatment to federal regulators later this year.
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Google delays plan to phase out Chrome ad-tracking tech
LONDON — Google says it's delaying plans to phase out Chrome browser technology that tracks users for ad purposes because it needs more time...
BuzzFeed to become a publicly traded company
NEW YORK — BuzzFeed will become a publicly traded company with an implied value of $1.5 billion through a merger with a special purpose...
Brazil scrambles to help the poor, while they barely hang on
RIO DE JANEIRO — Brazil’s President Jair Bolsonaro has asked supermarkets to lower prices of staple foods and his economy minister suggested homeless people...
Avenatti sentencing postponed until July 9 in Nike case
NEW YORK — A judge on Thursday postponed until July 9 the sentencing of Michael Avenatti for the once high-profile lawyer's conviction in an...
Hendrick gets plenty of mileage from his gamble on Larson
CHARLOTTE, N.C. — Rick Hendrick was convinced there was little risk in signing Kyle Larson, who if given the chance would prove he was...
FedEx posts profit as online shopping boom continues
NEW YORK — FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by...
NBCUniversal celebrates opening of New Mexico studio
ALBUQUERQUE, N.M. — Executives with NBCUniversal celebrated the opening of a new production facility in New Mexico on Thursday, as state and local officials...