Latest Stock price movements News

J&J hammered by report it knew of asbestos in baby powder

Dec. 14, 2018 5:51 PM EST

NEW YORK (AP) — Johnson & Johnson on Friday forcefully denied a media report that it knew for decades about the existence of trace amounts of asbestos in its baby powder. The report by the Reuters news service sent the company's shares into a tailspin, suffering their worst one-day sell-off in 16...

Markets steady after solid run as focus turns to ECB

Dec. 13, 2018 8:02 AM EST

LONDON (AP) — Shares around in the world traded in narrow ranges Thursday after a solid couple of days largely related with hopes that the U.S. and China are ironing out their trade issues. The focus now turns to the European Central Bank press briefing with President Mario Draghi in the wake of the bank's...

Wall Street ends higher with help from tech and health care

Dec. 12, 2018 4:35 PM EST

NEW YORK (AP) — U.S. stocks couldn't hang on to a big gain Wednesday, but they still finished broadly higher as technology and health care companies rose. That helped reverse some of the market's big losses from the week before. Stocks initially rallied after the Wall Street Journal reported that China's...

Verizon loses bet on digital ads, takes $4.6B accounting hit

Dec. 12, 2018 12:28 PM EST

Verizon's big bet on digital advertising isn't panning out. The wireless company spent more than $4 billion to buy AOL and nearly $5 billion to buy Yahoo as part of an effort to compete with Facebook and Google in a growing market for digital advertising. Now, Verizon is slicing the value of those two businesses...

Hopes for US-China trade talks help push Asian shares higher

Dec. 11, 2018 9:22 PM EST

TOKYO (AP) — Asian shares rose Wednesday amid hopes for U.S.-China trade talks. ASIA'S DAY: Japan's benchmark Nikkei 225 added 1.7 percent in early trading to 21,501.95. Australia's S&P/ASX 200 edged up 0.8 percent to 5,618.70. South Korea's Kospi was up nearly 1.0 percent at 2,073.20. Hong Kong's Hang...

Global stocks buoyed by US-China trade talks

Dec. 11, 2018 8:19 AM EST

LONDON (AP) — Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute. KEEPING SCORE: In Europe, Germany's DAX was up 2 percent to 10,831 while France's CAC 40 was up 2 percent at 4,837. Britain's FTSE 100...

Asian shares mixed on concerns over trade, economic outlook

Dec. 10, 2018 10:52 PM EST

SINGAPORE (AP) — Asian markets were mixed Tuesday in narrow trading on doubts that U.S. and China can manage to resolve their festering trade dispute. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.4 percent to 21,127.00 and South Korea's Kospi added less than 0.1 percent to 2,055.07. Hong Kong's Hang...

Marlboro maker places $1.8 billion bet on marijuana

Dec. 7, 2018 1:58 PM EST

NEW YORK (AP) — One of the world's biggest tobacco companies is diving into the cannabis market with a $1.8 billion buy-in. Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. The agreement includes a warrant...

World shares skid as Huawei CFO arrest revives trade jitters

Dec. 6, 2018 7:47 AM EST

TOKYO (AP) — World financial markets took another plunge Thursday on concerns that the arrest of a senior official at Chinese telecoms equipment maker Huawei could hinder progress in China-U.S. trade talks. The price of oil also fell even though OPEC was expected to agree on a production cut to support the...

Asian shares skid as Huawei CFO arrest revives trade jitters

Dec. 5, 2018 11:30 PM EST

TOKYO (AP) — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan's benchmark Nikkei 225 fell 2.1...