Latest Corporate stock News

Global shares, oil slip as Iran tensions in focus

Sep. 23, 2019 7:40 AM EDT

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....

Reports: Some WeWork directors seek to remove CEO

Sep. 22, 2019 6:04 PM EDT

NEW YORK (AP) — Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to several media reports. The reports say the board members are connected to Japanese firm SoftBank Group, WeWork's biggest investor. The Wall Street...

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...

Airbnb says it will go public in 2020

Sep. 19, 2019 4:37 PM EDT

Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business. Airbnb disclosed the news in a brief statement. It didn't give a target date for the initial public offering or say why it thinks the...

Markets Right Now: Stocks little changed after rally wanes

Sep. 19, 2019 4:20 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are sputtering at the close on Wall Street Thursday after an early rally fizzled. The Dow Jones Industrial Average fell 52 points, or 0.2%, to 27,094, while the S&P 500 was essentially flat at 3,006....

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...

WeWork delays its IPO amid tepid investor interest

Sep. 17, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses. The We Company dropped plans to begin a so-called...

World's top brewer revives listing plans, halves IPO size

Sep. 17, 2019 8:03 AM EDT

HONG KONG (AP) — AB InBev, the world's largest brewer that produces Budweiser and Corona, on Tuesday revived plans to list its Asian business in Hong Kong but halved the size of its initial public offering to $4.8 billion. The move comes two months after it temporarily shelved plans to raise $9.8 billion...

Stocks mixed, oil down as markets await news on Saudi plant

Sep. 17, 2019 8:01 AM EDT

BANGKOK (AP) — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its...

Hong Kong leader: PR firms decline to restore city's image

Sep. 17, 2019 7:28 AM EDT

HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that international public relations firms have turned down the government's requests to help restore the city's reputation after months of pro-democracy protests. The firms responded that "the time is not right" as the violence and unrest in the...