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Global shares mostly rise but virus fears continue
TOKYO (AP) — Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China. France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745. Britain's FTSE 100 gained 0.7% to 7,433. U.S. shares were set to drift higher...
Asian shares mostly rise despite continuing virus fears
TOKYO (AP) — Asian shares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about an outbreak of a new virus that began in China. The Nikkei 225 rose 1.1% in morning trading to 23,453.59 after data for January showed Japan's exports fell less than expected in January....
How major US stock indexes fared Tuesday
Major U.S. stock indexes closed mostly lower Tuesday, erasing some of the market's gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling came as investors weighed the...
Group pushes to create alliance for rare diseases
HOLLISTON, Mass. (AP) — In 2007, Holliston couple Christine and Stephen Wright knew something was wrong. Christine, 49, a tennis player, skier and bicyclist - and mother of three - was suddenly and dramatically losing weight and strength. Her doctors agreed something was off, but they couldn’t...
Apple, Fluor fall; Franklin Resources, Advance Auto rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday: Apple Inc., down $5.95 to $319 The technology company said revenue will fall short of forecasts for the March quarter because of the viral outbreak in China. Franklin Resources Inc., up $1.69 to $26.05 The financial services...
Fitch Ratings: Lebanon finances point to debt restructuring
BEIRUT (AP) — Lebanon's financial situation points to a likely restructuring of the country's massive debt and financial sector to preserve declining foreign currency reserves, Fitch Ratings said Tuesday. The credit rating agency's report comes as Lebanese officials are debating whether to pay back $1.2...
Franklin Resources buying Legg Mason for $4.5 billion
SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50in cash...
Shares take hit as virus outbreak slams profits, events
BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...
China virus outbreak chilling recovery for Asian economies
BANGKOK (AP) — The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year holiday...
Shares fall in Asia as virus outbreak hits profits, events
BANGKOK (AP) — Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show. Signs suggest China may postpone its annual...
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