Tag: Corporate news
Peloton expects to lose $165 million in revenue from recall
<p>NEW YORK — Peloton said Thursday that the recall of its treadmills will shrink its revenue by $165 million in the current quarter.</p>
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Streaming revenue boosts ViacomCBS Q1 results
ViacomCBS's first-quarter net income beat expectations on strong streaming revenue during a quarter when the company aired the Super Bowl and introduced its rebranded...
Russia approves single-dose version of Sputnik V vaccine
MOSCOW — Russian authorities gave regulatory approval Thursday to a single-dose version of the country's Sputnik V vaccine, arguing that the move could accelerate...
Strong sales from Tapestry, Lee maker show clothing rebound
Strong sales results from Coach's parent as well as from the maker of Wrangler and Lee jeans offer the latest evidence that shoppers' spending...
Commendations, minor reprimands for officer in Wright death
MINNEAPOLIS — The service file of a suburban Minneapolis police officer charged with manslaughter in the shooting death of Daunte Wright includes a commendation...
On the ground and afar, diaspora boosts India’s virus fight
<p>India's large diaspora — long a boon to India's economy — is tapping its wealth, political clout and expertise to help its home country...
Ex-Pence economic official eyes 2024 Indiana governor bid
INDIANAPOLIS — A Fort Wayne businessman who was a top official in former Gov. Mike Pence’s administration is getting an early jump on running...
Facebook’s oversight board: Watchdog or distraction?
<p>Facebook’s oversight board, which on Wednesday <a href="https://apnews.com/article/trump-facebook-oversight-board-decision-73b0c3ea9a98b9af7e38cb74562d0f54">upheld the company’s ban</a> of former President Donald Trump, also had some harsh words for its corporate...
Attorneys: Texas AG unblocks Twitter critics after lawsuit
AUSTIN, Texas — Nine Twitter users who sued Texas Attorney General Ken Paxton for blocking them on the social media platform have regained access...
Volkswagen profits jump as China leads pandemic rebound
<p>FRANKFURT, Germany — Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as...