Latest Corporate stock News

Major US stock indexes finish lower, snapping a 3-day rally

Aug. 20, 2019 5:10 PM EDT

Stocks fell broadly on Wall Street Tuesday after another slide in bond yields and a mixed batch of corporate earnings weighed on the market. The selling pulled every major sector lower, snapping a three-day winning streak for the S&P 500. Financial sector stocks bore the brunt of the decline as investors...

Elanco becomes 2nd largest animal health co after $7.6B deal

Aug. 20, 2019 9:19 AM EDT

INDIANAPOLIS (AP) — Elanco Animal Health will spend $7.6 billion to acquire Bayer AG's veterinary medicines business, which would make it the second-largest animal health company. Elanco said Tuesday that it will pay $5.3 billion, or about 70% of the total price, in cash and the rest in stock. The deal...

Where'd all the stocks go? Nasdaq's CEO on shrinking market

Aug. 19, 2019 12:45 PM EDT

NEW YORK (AP) — The stock market is a much less crowded party than it used to be. In the late 90s, when a bevy of hot dot-com companies were rushing to sell their shares on public markets, investors had more than 7,500 U.S. stocks to choose from. The dot-com bust culled many of those stocks, though, and...

Nvidia and GE rise while Dillard's and Sasol fall

Aug. 16, 2019 4:48 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Nvidia Corp., up $10.79 to $159.56 The chipmaker with a focus on video game consoles handily beat Wall Street's second quarter financial forecasts. General Electric Co., up 78 cents to $8.79 The industrial conglomerate's CEO...

Whistleblower accuses GE of fraud, misleading investors

Aug. 15, 2019 6:11 PM EDT

NEW YORK (AP) — A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading investors, sending the company's stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38 billion,...

Warren Buffett's firm adds to its Amazon, bank investments

Aug. 14, 2019 6:26 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has been adding more Amazon shares to its investment cart. Berkshire Hathaway said in filings with the Securities and Exchange Commission on Wednesday that it owned 537,300 Amazon shares at the end of June, up from 483,300 shares. Buffett first...

WeWork reveals rapid growth and massive losses ahead of IPO

Aug. 14, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market. Founded as a co-working space in Manhattan in...

CBS, Viacom to reunite as media giants bulk up for streaming

Aug. 13, 2019 5:32 PM EDT

NEW YORK (AP) — The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing business of streaming video. Yet the bigger company still might not be big enough to be competitive, as larger rival Disney launches its...

Saudi Aramco readies for IPO with deal with India's Reliance

Aug. 12, 2019 9:49 AM EDT

NEW DELHI (AP) — Oil giant Saudi Aramco is set to buy 20% of Indian conglomerate Reliance Industries' oil and chemicals business for about $15 billion, in a deal that gives it further heft and diversity ahead of a long-awaited IPO. For India, the preliminary agreement amounts to one of the country's...

Rite Aid picks former insurance executive as new CEO

Aug. 12, 2019 9:44 AM EDT

Rite Aid has chosen a former insurance executive to replace long-time CEO John Standley to try to right the struggling drugstore chain. The company said Monday that Heyward Donigan will take over immediately for Standley, who's been CEO since 2010. The 58-year-old Donigan is a former executive with Premera Blue...