Latest Stock price movements News

A FedEx pilot is detained before boarding a flight in China

Sep. 19, 2019 4:55 PM EDT

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

Sep. 18, 2019 2:11 PM EDT

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

Sep. 16, 2019 4:31 PM EDT

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

Sep. 16, 2019 3:59 PM EDT

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

Sep. 13, 2019 11:43 AM EDT

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...

Asian shares gain on fresh optimism over US-China trade

Sep. 13, 2019 12:17 AM EDT

Stocks were broadly higher in Asia on Friday after gains overnight on Wall Street. Investors have stepped up buying on hopes for an easing of tensions in the costly trade war between the U.S. Japan's Nikkei 225 added 1% to 21,982.06 while the Hang Seng in Hong Kong climbed 0.4% to 27,186.35. Sydney's S&P ASX...

Yahoo Japan making tender offer for retailer Zozo at $3.7B

Sep. 12, 2019 9:21 PM EDT

TOKYO (AP) — Yahoo Japan Corp. announced a tender offer worth an estimated 400 billion yen ($3.7 billion) for Zozo Inc., a Japanese online retailer started by a celebrity tycoon. Zozo Chief Executive Yusaku Maezawa told reporters Thursday at a Tokyo hotel that he was stepping down to devote more time to...

Asian shares mixed after China eases trade tensions

Sep. 12, 2019 12:49 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after China moved to ease trade tensions. Investors drew encouragement from China's decision to exempt some U.S. products from a recent round of tariffs. Tokyo, Shanghai and Sydney advanced while Hong Kong slipped. Stocks notched broad gains on Wall Street...

Hong Kong stock exchange swoops in for London rival

Sep. 11, 2019 12:56 PM EDT

LONDON (AP) — The Hong Kong stock exchange wants to buy its London counterpart to create a $70 billion-company, a bold move that faces big hurdles and will likely raise concerns in Britain about the Chinese government's potential influence over one of the symbols of global capitalism. The London Stock...

Global shares mixed as investors look to rate decisions

Sep. 10, 2019 7:43 AM EDT

TOKYO (AP) — Global shares were mixed Tuesday as investors awaited action from global central banks amid concern that U.S-China trade war is hurting economic growth. Asian markets finished mostly higher, European shares were mostly down and Wall Street appeared headed for a lower or flat open. Investors...