Latest Corporate stock News

Peloton shares tumble as bearish report adds to ad woes

Dec. 10, 2019 4:16 PM EST

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...

PG&E's $13.5B deal with fire victims removes huge obstacles

Dec. 9, 2019 8:30 PM EST

Associated Press (AP) — Pacific Gas and Electric will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if California Gov. Gavin Newsom and a federal judge approve a $13.5 billion settlement with victims of catastrophic fires blamed on the utility's...

ArQule and Fate Therapeutics soar; Sanofi and Diplomat fall

Dec. 9, 2019 4:35 PM EST

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...

Saudi prince's ambitions hinge on triumphant Aramco sale

Dec. 9, 2019 12:02 PM EST

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 bargain bid for Diplomat Pharmacy

Dec. 9, 2019 10:35 AM EST

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%...

Elon Musk cleared of defamation in 'pedo guy' tweet trial

Dec. 6, 2019 10:02 PM EST

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...

Stocks advance as investors eyes jobs report, trade talks

Dec. 6, 2019 8:05 AM EST

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...

United's Kirby to take over for CEO Oscar Munoz

Dec. 5, 2019 5:55 PM EST

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...

Saudi Aramco plans $25.6B share sale in biggest ever IPO

Dec. 5, 2019 4:08 PM EST

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...

Saudi oil producer Aramco announces $25.6 billion share sale, valuing company at $1.7 trillion in world’s biggest IPO

Dec. 5, 2019 2:15 PM EST
DUBAI, United Arab Emirates (AP) — Saudi oil producer Aramco announces $25.6 billion share sale, valuing company at $1.7 trillion in world’s biggest IPO.