Latest Corporate stock News

Homeless shelter, looming IPOs have San Francisco on edge

Apr. 22, 2019 12:27 AM EDT

SAN FRANCISCO (AP) — San Francisco's renowned waterfront hosts joggers, admiring tourists and towering condos with impressive views. It could also become the site of a new homeless shelter for up to 200 people. Angry residents have packed public meetings, jeering at city officials and even shouting down...

Asian stocks rise in quiet holiday trading

Apr. 18, 2019 11:55 PM EDT

TOKYO (AP) — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Japan's benchmark Nikkei 225 edged up 0.5% in early trading to 22,191.98. South Korea's Kospi rose 0.3% to 2,221.1. The Shanghai Composite gained 0.6% to 3,269.59. Some markets remain...

IPO mania: Zoom zooms, Pinterest pins down Wall Street

Apr. 18, 2019 6:45 PM EDT

SAN FRANCISCO (AP) — There's some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the...

2 Zooms soared after the IPO: Did you buy the wrong one?

Apr. 18, 2019 4:35 PM EDT

NEW YORK (AP) — One IPO, two stocks zooming higher. Investors on Thursday pounced on their first chance to buy shares of Zoom Video Communications, the video-conferencing company that had its initial public offering of stock. It shares surged 72.2% from their IPO price of $36. But others may have...

American Express 1Q earnings per share beat Street

Apr. 18, 2019 8:28 AM EDT

NEW YORK (AP) — American Express Co. on Thursday reported lower earnings in the first quarter but earnings per share beat estimates. The New York-based company said it had net income of $1.55 billion, or $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share. The results...

Asian stocks sink after Wall Street declines

Apr. 18, 2019 12:36 AM EDT

BEIJING (AP) — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the...

Pinterest prices public offering at $19 per share

Apr. 17, 2019 9:02 PM EDT

SAN FRANCISCO (AP) — Pinterest is pricing its shares at $19 for its initial public offering Thursday, putting it on track to raise more than $1.4 billion. The digital scrapbooking and image search site said last week it expected to sell 75 million shares at a price between $15 and $17 each. The company...

To some market vets, stocks are rallying like it's 1999

Apr. 17, 2019 11:48 AM EDT

NEW YORK (AP) — The stock market has been so hot this year that it might need an ice-cold Fruitopia, or a Zima. The furious rally that's brought the S&P 500 to the brink of another record, so quickly on the heels of last year's scary tumble, is reminding some market veterans of the rebound of late...

Asian shares edge lower despite encouraging China GDP data

Apr. 16, 2019 11:45 PM EDT

TOKYO (AP) — Major share benchmarks were mostly lower in Asia on Wednesday after China announced its economy grew at a 6.4% annual pace in the last quarter. Japan's Nikkei 225 index gained 0.3% to 22,289.32 and the Shanghai Composite was almost unchanged at 3,252.42. Hong Kong's Hang Seng index fell 0.3%...

UnitedHealth beats expectations all around, stock still lags

Apr. 16, 2019 12:27 PM EDT

UnitedHealth Group beat first-quarter expectations and hiked its 2019 forecast, but shares of the nation's largest health insurer continued their slump as investors worry about growing Congressional scrutiny of how the company and its competitors do business. Shares of health insurers and pharmacy benefit...