Latest Stock price movements News

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...

Saudi Aramco inches near $2 trillion in day 2 of trading

Dec. 12, 2019 9:49 AM EST

RIYADH, Saudi Arabia (AP) — Shares in Saudi Aramco gained on the second day of trading Thursday, propelling the oil and gas company to a near $2 trillion valuation, where it holds the title of the world's most valuable listed company. Shares jumped to reach as high as 38.60 Saudi riyals, or $10.29, around...

Saudi stock offering creates world's most valuable company

Dec. 11, 2019 5:01 PM EST

RIYADH, Saudi Arabia (AP) — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares' 10%...

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...

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...

Expedia replaces CEO, CFO after fight over reorganization

Dec. 4, 2019 12:04 PM EST

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...

Cleveland-Cliffs buying AK Steel in $1.1B stock deal

Dec. 3, 2019 12:12 PM EST

CLEVELAND (AP) — Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff’s iron ore pellet production with AK Steel’s rolled and stainless steel operations....