Latest Corporate stock News

Judge dismisses lawsuit against Musk, Tesla and Twitter fan

May. 20, 2022 16:52 PM EDT

SAN FRANCISCO (AP) — A federal judge in California has dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, one of Musk's supporters and Tesla. In an order filed Thursday, Judge James Donato threw out the lawsuit by the investor,...

Closing prices for crude oil, gold and other commodities

May. 20, 2022 15:17 PM EDT

Benchmark U.S. crude oil for June delivery rose $1.02 to $113.23 a barrel Friday. Brent crude for July delivery rose 51 cents to $112.55 a barrel. Wholesale gasoline for June delivery rose 1 cent to $3.84 a gallon. June heating oil fell 5 cents to $3.74 a gallon. June natural gas...

Closing prices for crude oil, gold and other commodities

May. 19, 2022 15:30 PM EDT

Benchmark U.S. crude oil for June delivery rose $2.62 to $112.21 a barrel Thursday. Brent crude for July delivery rose $2.93 to $112.04 a barrel. Wholesale gasoline for June delivery rose 11 cents to $3.83 a gallon. June heating oil rose 12 cents to $3.79 a gallon. June natural gas...

Kohl's cuts annual forecast, as it gets stung with inflation

May. 19, 2022 14:33 PM EDT

NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts'...

Harley-Davidson suspends production for 2 weeks, shares fall

May. 19, 2022 10:32 AM EDT

Harley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its suppliers. Shares tumbled almost 8% Thursday. The decision was made Wednesday “out of an abundance of caution" after the...

Spirit tells shareholders to reject hostile bid from JetBlue

May. 19, 2022 09:00 AM EDT

Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. Spirit repeated Thursday that any attempt to merge with the New York carrier would face...

Consumers shift again, flummoxing big retailers like Target

May. 18, 2022 20:29 PM EDT

NEW YORK (AP) — The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again. That dynamic has only been intensified in recent months as inflation jumps sharply, and the latest financial report...

Closing prices for crude oil, gold and other commodities

May. 18, 2022 15:18 PM EDT

Benchmark U.S. crude oil for June delivery fell $2.81 to $109.59 a barrel Wednesday. Brent crude for July delivery fell $2.82 to $109.11 a barrel. Wholesale gasoline for June delivery fell 22 cents to $3.72 a gallon. June heating oil fell 13 cents to $3.67 a gallon. June natural gas...

Musk wars with Twitter over his buyout deal - on Twitter

May. 17, 2022 19:14 PM EDT

Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts for the $44 billion deal to move ahead. ...

Closing prices for crude oil, gold and other commodities

May. 17, 2022 15:14 PM EDT

Benchmark U.S. crude oil for June delivery fell $1.80 to $112.40 a barrel Tuesday. Brent crude for July delivery fell $2.31 to $111.93 a barrel. Wholesale gasoline for June delivery fell 8 cents to $3.94 a gallon. June heating oil fell 11 cents to $3.80 a gallon. June natural gas...