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Hong Kong stock exchange drops bid to buy London exchange
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
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...
S&P cites concerns WeWork won't be able to fund growth plan
NEW YORK (AP) — Credit ratings agency S&P is raising concerns that WeWork won't be able to raise the money to fund its aggressive growth plans after the office-space company failed to drum up interest for a public offering of shares. S&P Global Ratings said Thursday that it is lowering the rating...
Shares of Peloton skid on first day of trading
NEW YORK (AP) — Shares of connected exercise machine company Peloton skidded in their first day of public trading. The New York company offered 40 million shares at an initial public offering price of $29 per share, the high end of an expected range of $26 to $29. The stock opened at $27 and closed...
Global shares, oil slip as Iran tensions in focus
BANGKOK (AP) — World shares were mostly lower Monday as investors kept a wary eye on tensions with Iran and on prospects for a resolution of the tariffs war between China and the U.S. Germany's DAX dropped 1% to 12,338 while the CAC 40 in Paris lost 0.9% to 5,637. Britain's FTSE 100 gave up 0.5% to 7,308....
A FedEx pilot is detained before boarding a flight in China
FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial flight. The company said Thursday the pilot was later released, and it is working with Chinese authorities to understand what happened at the airport in Guangzhou, in southern China. The Wall...
FedEx shares tumbles after company lowers full-year outlook
NEW YORK (AP) — FedEx shares tumbled after the delivery giant blamed slowing economic growth and trade tension for a disappointing quarter and cut its forecast of full-year earnings. Shares were down $23.67, or 13.7%, to $149.63 in afternoon trading Wednesday. That's the stock's worst one-day percentage...
GM and American Airlines fall, Raytheon and Marathon gain
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday. General Motors Co., down $1.65 to $37.21 More than 49,000 members of the United Auto Workers went on strike against the automaker. Marathon Oil Corp., up $1.47 to $14.17 Energy stocks climbed after an attack on Saudi Arabia's...
The Latest: Trump says it's 'looking like' Iran is to blame
WASHINGTON (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 3:35 p.m. President Donald Trump says it's "looking like" Iran was responsible for the attacks on key oil installations in Saudi Arabia, but he says he...
London Stock Exchange rejects Hong Kong takeover bid
LONDON (AP) — The London Stock Exchange on Friday rejected an unsolicited takeover bid from its Hong Kong counterpart, citing "fundamental concerns" about the offer. The London Stock Exchange Group said strategic and regulatory problems were among the reasons it turned down the unexpected proposal by Hong...
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