Latest Corporate stock News

American Express 3Q profits rise 8%

Oct. 18, 2019 8:28 AM EDT

NEW YORK (AP) — American Express's third-quarter profits rose by 8%, the credit card company said Friday, as its members spent more on its eponymous cards and more carried a balance. The New York-based company earned a profit of $1.76 billion, or $2.08 per share, up from $1.65 billion, or $1.88 per share,...

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...

Goldman Sachs 3Q profit falls 26%, short of expectations

Oct. 15, 2019 8:17 AM EDT

NEW YORK (AP) — Goldman Sachs had a 26% decline in third quarter profits, the bank said Tuesday, as Goldman took losses on some of its public investments and struggled to drum up enough advisory business. The New York-based bank on Tuesday reported a profit of $1.88 billion, or $4.79 a share, down from...

WeWork to close its New York elementary school next year

Oct. 11, 2019 4:42 PM EDT

NEW YORK (AP) — WeWork will close the school it opened last year in New York with the lofty goal of promoting "conscious entrepreneurship" as the office-sharing company retrenches following its botched attempt to sell its stock on Wall Street. The "WeGrow" elementary and preschool in Manhattan will close...

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...

Ex-Rep. Chris Collins pleads guilty in insider trading case

Oct. 1, 2019 6:47 PM EDT

NEW YORK (AP) — Former Rep. Chris Collins pleaded guilty Tuesday in an insider trading case, a day after he resigned from Congress and set off a scramble to fill his seat in his Republican-leaning district. Collins had initially denied charges he leaked confidential information about a pharmaceutical...

The Latest: Ex-Rep Chris Collins pleads guilty in stock case

Oct. 1, 2019 3:34 PM EDT

NEW YORK (AP) — The Latest on a guilty plea from former U.S. Rep Chris Collins of New York (all times local): 3:30 p.m. Former U.S. Rep. Chris Collins has pleaded guilty in an insider trading case, a day after he resigned from Congress. The Republican from western New York entered the plea on Tuesday in...

Correction: WeWork-IPO story

Oct. 1, 2019 2:56 PM EDT

NEW YORK (AP) — In a story Sept. 30 about WeWork's withdrawing its initial public offering, The Associated Press reported erroneously that the company went through $198.7 billion to fund its operations in the first six months of the year. It went through $198.7 million. Also, the last name of WeWork's...

Collins resigns from Congress ahead of expected guilty plea

Sep. 30, 2019 2:43 PM EDT

NEW YORK (AP) — Rep. Chris Collins, a Republican from western New York, submitted his resignation from Congress on Monday ahead of an expected guilty plea in an insider trading case in which he was accused of leaking confidential information during an urgent phone call made from a White House picnic....