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| September 23, 2018

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Kangaroo-Killing Restrictions Lifted as Drought Accelerates

August 8, 2018 |

Australia’s most populous state was declared entirely in drought on Wednesday and struggling farmers were given new authority to shoot kangaroos that compete with livestock for sparse pasture during the most intense dry spell in more than 50 years. Much of Australia’s southeast is struggling with drought. But the drought…
Newser

Stocks climb broadly, lifted by tech companies’ strong earnings

July 24, 2018 |

U.S. stocks moved broadly higher in early trading Tuesday as investors welcomed strong quarterly earnings reports from Google parent Alphabet, Biogen and other companies. Technology and healthcare stocks accounted for much of the market’s gains. Utilities and other traditionally safer-play stocks…


L.A. Times – Business

Stocks close higher, lifted by a last-minute rally

July 2, 2018 |

U.S. stocks closed higher Monday after a last-minute market rally erased the losses from a daylong slump.

Technology companies led the market rebound. Banks and healthcare stocks also notched gains. Energy took the biggest losses as crude oil prices declined. Big department store chains and consumer…


L.A. Times – Business

Stocks edge up, lifted by retailers; Macy’s leaps

May 16, 2018 |

U.S. stock indexes edged up in early trading Wednesday, with Macy’s leading a retail-sector rally. Food and beverage stocks and other consumer goods companies also posted gains. Energy stocks lagged as crude oil prices declined. Bond prices were little changed.

KEEPING SCORE: The Standard & Poor’s…


L.A. Times – Business

Wells Fargo will need a formal vote from the Federal Reserve before growth restrictions are lifted

May 11, 2018 |

Wells Fargo & Co. will have to receive formal approval in a vote taken by the Federal Reserve Board of Governors before its growth restriction is lifted, Fed Chairman Jerome H. Powell has decided — a move that could cut into the bank’s profits.

Powell disclosed his determination in a letter Thursday…


L.A. Times – Business

Olympic Doping Bans Lifted for 28 Russians

February 2, 2018 |

A sports tribunal overturned the Olympic doping bans of 28 Russian athletes, a boon for Russia a little over a week before the start of the Winter Olympics where the its team is banned for an alleged state-sponsored doping scheme.
WSJ.com: What’s News Europe

Stocks open broadly higher; some are lifted by deal news

November 28, 2017 |

Stocks opened broadly higher on Wall Street on Tuesday, and several companies were moving on deal news.

Buffalo Wild Wings jumped 6.3% after agreeing to be acquired by Arby’s. Emerson Electric was up 2.6% after withdrawing its bid for Rockwell Automation.

RV maker Thor Industries soared 12.7% after…


L.A. Times – Business

Stocks end higher, lifted by Wal-Mart and airlines

October 11, 2017 |

A big jump for Wal-Mart helped the Dow Jones industrial average reach a record high Tuesday, and gains for other retailers and airlines lifted other stock indexes as well.

Airlines rose after American and United issued strong forecasts. Utilities and smaller companies also climbed. Banks edged…


L.A. Times – Business

Stocks rise to new records, lifted by banks and retailers

September 13, 2017 |

U.S. stocks reached record highs Tuesday as banks kept rising and retailers climbed after some encouraging job data.

It was the second straight day that bank stocks made big gains as bond yields pushed higher, which enables banks to charge higher rates on loans. Retailers rose after the Labor Department…


L.A. Times – Business