Latest Corporate stock News

Homeowners are spending, Home Depot is winning

Nov. 13, 2018 8:12 AM EST

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but...

Athenahealth fetches $5.7 billion cash buyout offer

Nov. 12, 2018 10:21 AM EST

Athenahealth shares soared Monday after the struggling medical billing software maker received a $5.7 billion cash buyout offer. Veritas Capital and Evergreen Coast Capital plan to give athenahealth shareholders $135 per share in a deal that will take the company private. That represents a roughly 12 percent...

SoftBank mobile unit to go for IPO raising some $20 billion

Nov. 12, 2018 4:08 AM EST

TOKYO (AP) — Japanese technology company SoftBank Group Corp. will carry out an initial public offering of its Japanese mobile subsidiary, set for Dec. 19, in what will likely be one of the world's biggest IPOs. The Tokyo Stock Exchange approved the listing of 1.6 billion shares of SoftBank Corp. Monday,...

NASCAR seeking stock buy of International Speedway Corp.

Nov. 9, 2018 6:02 PM EST

DAYTONA BEACH, Fla. (AP) — NASCAR has submitted a non-binding offer to acquire all Class A and Class B common stock of International Speedway Corp. not already owned by the controlling shareholders of auto racing series. The intent is to combine ISC and NASCAR as one privately run group of companies led by...

Stocks skid as tech companies fall; oil plunge continues

Nov. 9, 2018 4:52 PM EST

NEW YORK (AP) — U.S. stocks fell Friday as a combination of weak economic data from China and disappointing earnings hurt technology and internet companies. Crude oil prices fell for the 10th day in a row. Auto sales in China fell in October for the fourth month in a row and are down 13 percent from a year...

NASCAR seeking stock buy of International Speedway Corp.

Nov. 9, 2018 4:51 PM EST

DAYTONA BEACH, Fla. (AP) — NASCAR has submitted a non-binding offer to acquire all Class A and Class B common stock of International Speedway Corp. not already owned by the controlling shareholders of auto racing series. The intent is to combine ISC and NASCAR as one privately run group of companies led by...

Stocks skid as oil plunge continues; tech sector also falls

Nov. 9, 2018 12:05 PM EST

NEW YORK (AP) — U.S. stocks are falling Friday as technology and internet companies take steep losses. Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since April, causing...

Asian stock markets sink after Wall Street rally fades

Nov. 8, 2018 10:48 PM EST

BEIJING (AP) — Asian stock markets fell Friday after a post-election Wall Street rally faded amid expectations of U.S. interest rate hikes despite the Federal Reserve's decision to hold off this week. KEEPING SCORE: The Shanghai Composite Index lost 0.8 percent to 2,614.37 and Tokyo's Nikkei 225 retreated...

Monster shares fall as Coke develops its own energy drinks

Nov. 8, 2018 12:58 PM EST

CORONA, Calif. (AP) — Shares of energy drink maker Monster Beverage Corp. tumbled after the company said its partner Coca-Cola Co. is developing energy drinks of its own. Coke bought a stake in California-based Monster in 2014. At that time, Coke transferred its energy brands to Monster and agreed not to...

Siemens delivers upbeat outlook despite profit drop

Nov. 8, 2018 4:31 AM EST

FRANKFURT, Germany (AP) — Industrial equipment and technology company Siemens says its net profit fell 46 percent in the most recent quarter due to expenses for severance and higher tax. Despite that retreat, the company, which makes trains, power turbines and factory automation, said Thursday that it had...