Latest Stock price movements News

Under Armour founder Kevin Plank relinquishes CEO post

Oct. 22, 2019 10:24 AM EDT

BALTIMORE (AP) — Under Armour founder Kevin Plank will step down as CEO in the new year to become the company's executive chairman and brand chief. Patrik Frisk, who became president and chief operating officer two years ago, will be the athletic gear company's second CEO since it was founded in 1996. The...

Asian stocks climb, lifted by upbeat talk on China-US trade

Oct. 22, 2019 12:54 AM EDT

BANGKOK (AP) — Shares are gaining in Asia after upbeat comments from President Donald Trump and other U.S. officials on the status of trade negotiations with China. The Kospi in South Korea led gains, jumping 1.3% to 2,090.88, thanks to gains in technology companies overnight on Wall Street. Australia's...

Markets Right Now: Stocks rise, led by tech companies, banks

Oct. 21, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Monday, led by gains in technology companies and banks. The technology sector of the S&P 500 rose 1.1%, snapping a three-day losing streak. Apple rose 1.7%. Intel gained 1.5%....

J&J agrees to $117M settlement over pelvic mesh devices

Oct. 17, 2019 4:18 PM EDT

TRENTON, N.J. (AP) — Johnson & Johnson has agreed to a $117 million multistate settlement over allegations it deceptively marketed its pelvic mesh products, which support women's sagging pelvic organs. Ohio's attorney general said Thursday an investigation found that J&J, the world's biggest health...

Hong Kong stock exchange drops bid to buy London exchange

Oct. 8, 2019 6:52 AM EDT

HONG KONG (AP) — The Hong Kong stock exchange on Tuesday dropped its bid to buy its London counterpart after the European exchange rejected the surprise offer. Hong Kong Exchanges and Clearing Ltd. said it was "unable to engage" with managers of the London Stock Exchange Group. That followed the London...

Asian shares rise despite worries on US-China talks

Oct. 7, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares rose Tuesday despite continuing worries about the health of the global economy ahead of trade talks between the U.S. and China. Japan's benchmark Nikkei 225 gained 1.1% to 21,604.16 in early trading. Australia's S&P/ASX 200 added nearly 0.6% to 6,599.60, while South Korea's...

S&P cites concerns WeWork won't be able to fund growth plan

Sep. 26, 2019 6:41 PM EDT

NEW YORK (AP) — Credit ratings agency S&P is raising concerns that WeWork won't be able to raise the money to fund its aggressive growth plans after the office-space company failed to drum up interest for a public offering of shares. S&P Global Ratings said Thursday that it is lowering the rating...

Shares of Peloton skid on first day of trading

Sep. 26, 2019 4:36 PM EDT

NEW YORK (AP) — Shares of connected exercise machine company Peloton skidded in their first day of public trading. The New York company offered 40 million shares at an initial public offering price of $29 per share, the high end of an expected range of $26 to $29. The stock opened at $27 and closed...

Global shares, oil slip as Iran tensions in focus

Sep. 23, 2019 7:40 AM EDT

BANGKOK (AP) — World shares were mostly lower Monday as investors kept a wary eye on tensions with Iran and on prospects for a resolution of the tariffs war between China and the U.S. Germany's DAX dropped 1% to 12,338 while the CAC 40 in Paris lost 0.9% to 5,637. Britain's FTSE 100 gave up 0.5% to 7,308....

A FedEx pilot is detained before boarding a flight in China

Sep. 19, 2019 4:55 PM EDT

FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial flight. The company said Thursday the pilot was later released, and it is working with Chinese authorities to understand what happened at the airport in Guangzhou, in southern China. The Wall...