NEW YORK (AP) — Shares of exercise bike company Peloton were under pressure Tuesday from a scathing research report that comes on the heels of blowback from its widely mocked ad. Andrew Left of Citron Research is well known on Wall Street for targeting companies he thinks have flawed business models and...
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Sanofi, down 73 cents to $45.30 The drug developer is buying biotechnology firm Synthorx, which focuses on potential cancer treatments, for $2.5 billion. ArQule Inc., up $10.04 to $19.70 The biotechnology company is being bought...
RIYADH, Saudi Arabia (AP) — Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part of Aramco, the state-owned oil company valued at $1.7 trillion. The offering's success is crucial to the ambitious plan by Crown Prince Mohammed bin...
UnitedHealth plans to acquire Diplomat Pharmacy at a steep discount about a month after the specialty drug provider said it may not be able to make its debt payments. United Health Group's OptumRx said Monday that the company will spend $4 for each share of Diplomat in a cash tender offer. That’s 31%...
LOS ANGELES (AP) — Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the Tesla CEO called him “pedo guy” in an angry tweet. Vernon Unsworth, who participated in the rescue of 12 boys and their soccer coach trapped for...
BANGKOK (AP) — Global shares rose Friday as investors awaited what's expected to be a healthy U.S. jobs report, while monitoring the China-U.S. trade talks as more tariffs are due to go into effect this month. One sign that talks between the world's two biggest economies could be thawing came Friday when...
Three years after being dumped by a rival, Scott Kirby will become the next CEO of United Airlines, where he has played a key role in leading a turnaround of the once-moribund carrier. United announced Thursday that CEO Oscar Munoz will step down in May and be succeeded by Kirby, currently the airline’s...
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. The company said it will sell its shares at 32...
BELLEVUE, Wash. (AP) — Expedia says its CEO and chief financial officer have quit after clashing with the board over strategy, and Chairman Barry Diller will help run the travel company while it searches for permanent replacements. The company said Wednesday that the resignations of CEO Mark Okerstrom and...