Latest Corporate stock News

AbbVie, Lennar and FedEx fall while Bausch Health rises

Jun. 25, 2019 4:31 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: AbbVie Inc., down $12.75 to $65.70 The pharmaceutical company is buying Botox maker Allergan in a cash-and-stock deal valued at around $63 billion. Bausch Health Companies Inc., up 62 cents to $24.38 The health care products...

AbbVie makes $63B bid for Botox maker Allergan

Jun. 25, 2019 2:39 PM EDT

Facing competition for the world's top-selling drug, AbbVie is jumping on this year's pharmaceutical merger bandwagon with a $63 billion bid for Botox maker Allergan that's meant to spur future growth. Specialty drugmaker AbbVie said Tuesday that adding Allergan's aesthetics products and eye care and other...

Tariff concerns, 3Q outlook drag Lennar's stock down

Jun. 25, 2019 1:43 PM EDT

MIAMI (AP) — Tariff concerns and a disappointing third quarter outlook are weighing on Lennar Corp.'s stock even as the homebuilder's second quarter performance topped analysts' estimates. President Jonathan Jaffe said during a conference call that tariffs are a headwind on material cost. "First, it was...

Swiss prepare tit-for-tat measure on stocks in spat with EU

Jun. 24, 2019 1:47 PM EDT

GENEVA (AP) — Switzerland is preparing to hit back against the European Union in a standoff over bilateral relations between the rich Alpine country and the 28-nation bloc that surrounds it. The Swiss government said Monday that it is readying "protective measures" that could bar stock markets in the EU...

High rollers: Eldorado buys Caesars in deal valued at $17B

Jun. 24, 2019 12:38 PM EDT

A casino juggernaut was formed Monday when Eldorado Resorts announced it is buying Caesars in a cash-and-stock deal valued at $17.3 billion. The acquisition will put about 60 casino-resorts in 16 states under a single name, Caesars, creating the largest gambling operator in the United States. The deal —...

Slack shows up for work and rallies in Wall Street debut

Jun. 20, 2019 11:00 PM EDT

NEW YORK (AP) — Slack's newly public shares aren't slacking off. The work messaging service grew 49% in value after its stock started trading Thursday under the ticker "WORK." Slack's debut is the latest in several highly anticipated initial public offerings of stock for tech companies. While some such as...

Carnival lowers profit outlook, cites ban on Cuba cruises

Jun. 20, 2019 6:10 PM EDT

MIAMI (AP) — Shares of cruise line operator Carnival Corp. fell Thursday after the company reported a 20% drop in quarterly profit and cut its full-year earnings forecast partly because of the Trump administration's decision to ban cruises between the U.S. and Cuba. Carnival earned $451 million in its...

The Latest: Slack up 49% in value after 1st trading day

Jun. 20, 2019 4:40 PM EDT

NEW YORK (AP) — The Latest on Slack's IPO (all times local): 4:35 p.m. Slack's newly public shares aren't slacking off. The work messaging service's shares debuted on the New York Stock Exchange at $38.50 and rose slightly to close at $38.62. That's 49% above the $26 reference price set by the exchange...

Asian markets mostly edge higher ahead of Fed meeting

Jun. 17, 2019 11:43 PM EDT

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong's Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while...

Sotheby's sold! French-Israeli billionaire pays $3.7 billion

Jun. 17, 2019 7:14 PM EDT

NEW YORK (AP) — The 275-year-old auction house Sotheby's is being sold to a French Israeli businessman for about $3.7 billion. Sotheby's, founded in London in 1744, is the oldest company traded on the New York Stock Exchange. If the deal is approved by shareholders and regulators, Sotheby's would become a...