Latest Corporate stock News

Asian shares track optimism on Wall Street over tariffs

Sep. 19, 2018 11:28 PM EDT

SINGAPORE (AP) — Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods received a muted reaction on Wall Street. KEEPING SCORE: Japan's Nikkei 225 was flat at 23,672.91, ahead of the ruling Liberal Democratic...

Markets Right Now: US stock indexes end mixed

Sep. 19, 2018 5:36 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mixed on Wall Street as gains for banks are offset by losses elsewhere in the market. Bond yields climbed to the highest level in four months Wednesday, sending bank shares higher and weighing on...

Biopharmaceutical company fined for misleading investors

Sep. 19, 2018 12:36 PM EDT

BOULDER, Colo. (AP) — A Colorado-based biopharmaceutical company has been penalized more than $20 million for misleading investors about the efficacy of a lung cancer drug under development before raising $300 million in a public stock offering. The U.S. Securities and Exchange Commission brought the...

Tesla says it has turned over documents to feds

Sep. 18, 2018 3:17 PM EDT

DETROIT (AP) — Tesla Inc. has turned over documents to the U.S. Justice Department after statements by CEO Elon Musk about taking the company private, the electric car maker confirmed Tuesday. The Palo Alto, California, company cooperated with the request and believes the matter should be resolved quickly...

General Mills fiscal 1Q sales fall short

Sep. 18, 2018 8:52 AM EDT

NEW YORK (AP) — General Mills Inc. reported mixed first-quarter financial results as costs weighed down profit and a sales increase fell short of expectations. Shares fell 3.7 percent, or $1.77, to $46 in premarket trading. The Minneapolis-based company's profit fell 3.1 percent to $392.3 million, or 65...

Saudi fund pumps $1B into Silicon Valley electric car maker

Sep. 17, 2018 6:23 PM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia's sovereign wealth fund invested more than $1 billion Monday in a Silicon Valley electric car maker just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private. Tesla stock dropped briefly Monday in reaction to the...

Small-company stocks shine on an otherwise ho-hum day

Sep. 14, 2018 4:46 PM EDT

NEW YORK (AP) — U.S. stocks hardly moved Friday as the market wrapped up a solid week. Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way. Stocks rose in early trading after the Federal Reserve said production of cars and...

Libertarian Senate candidate discloses cannabis investments

Sep. 14, 2018 4:33 PM EDT

SANTA FE, N.M. (AP) — U.S. Senate candidate Gary Johnson of New Mexico has disclosed personal financial interests in the cannabis sector that include stock holdings, a profit sharing agreement and recent capital gains on investment sales, according to filings reviewed by The Associated Press. Johnson in...

Asian shares continue rally after Wall Street gains

Sep. 13, 2018 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease. KEEPING SCORE: Japan's benchmark Nikkei 225 gained nearly 1.0 percent to 23,042.83 in the morning session. Australia's S&P/ASX 200 was up 0.6 percent...

Markets Right Now: Technology companies lead indexes higher

Sep. 13, 2018 4:06 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing higher on Wall Street as technology companies rose following a recent bout of weakness. Apple jumped 2.4 percent Thursday, a day after putting out its new lineup of iPhones, and chipmaker Qualcomm...