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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...
Asian shares gain on fresh optimism over US-China trade
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
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
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
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
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...
CVS Health stock rises as judge completes Aetna deal review
Shares of CVS Health started climbing early Thursday, a day after a federal judge finally completed his review of the company's roughly $69 billion acquisition of the health insurer Aetna. U.S. District Judge Richard J. Leon said Wednesday in federal court filings that a plan requiring CVS to unload Aetna's...
Starbucks shares fall as company cuts profit growth forecast
NEW YORK (AP) — Starbucks shares tumbled Wednesday after the company lowered its 2020 earnings forecast. In a presentation to Goldman Sachs' Global Retaining Conference, the Seattle-based coffee giant said it expects adjusted earnings to grow less than 10% in its 2020 fiscal year, which begins Oct. 1. Its...
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