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| November 24, 2017

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Stocks open lower on Wall Street

November 14, 2017 |

Stocks opened lower on Wall Street on Tuesday as technology companies, banks and retailers sank.

TJX Companies, the parent company of T.J. Maxx and Marshalls, slumped 4.5% after reporting revenue and earnings that missed analysts’ estimates.

Dick’s Sporting Goods reported a solid quarter but was…


L.A. Times – Business

An arrest in Saudi Arabia could be felt as far as Silicon Valley and Wall Street

November 6, 2017 |

Finance, technology, hospitality, entertainment and real estate: Prince Alwaleed bin Talal has invested substantially and with great fanfare in all of them, as befits his status as one of the world’s richest men.

He is also believed to be under arrest in his native Saudi Arabia, ensnared in an…


L.A. Times – Business

Stocks Closed Mixed on Wall Street

November 3, 2017 |

Stocks closed mixed Thursday as investors pored over House Republicans’ tax proposals and a disappointing round of company results, the AP reports. Rubbermaid owner Newell Brands plunged 27% and generic drugmaker Teva Pharmaceutical Industries dropped 20%. Both cut their annual forecasts following weak third quarter reports. Homebuilders fell after Republicans…
Newser

Stocks Close Mixed on Wall Street

November 2, 2017 |

Stocks closed mixed Wednesday as energy and raw-material companies rose and smaller stocks slipped, the AP reports. Energy companies, which have missed out on the market’s gains this year, rose. Concho Resources rose 4.5%. High-dividend stocks like utilities and telecommunications companies fell. CenturyLink lost 6%.
Newser

Drug Makers Down, Banks Up on Wall Street

October 27, 2017 |

Stocks closed higher Thursday on Wall Street led by technology companies and banks, but drug makers and distributors tumbled, the AP reports. Aetna surged nearly 12% after the Wall Street Journal reported it’s in talks to be acquired by drugstore chain CVS. McKesson fell 5.2% after a report said…
Newser

Big gains for Caterpillar and 3M lead Wall Street higher

October 24, 2017 |

U.S. stocks are edging higher Tuesday morning as construction equipment maker Caterpillar and Post-it note maker 3M lead a rally in industrial companies, while banks are climbing along with interest rates. Steep losses for drugmaker Biogen, health insurer Centene and scientific equipment maker…


L.A. Times – Business

Agents Halt Illegal Crossing at Border Wall Model Site

October 20, 2017 |

The last two of eight prototypes for President Trump’s proposed border wall took shape Thursday at a construction site in San Diego. The prototypes form a tightly packed row of imposing concrete and metal panels, including one with sharp metal edges on top, the AP reports. Companies have until Oct….
Newser

Despite Only Modest Gains, More Record Highs on Wall St.

October 12, 2017 |

Stocks managed to post modest gains Wednesday on Wall Street, enough to set more record closing highs, the AP reports. Technology and health care stocks rose more than the rest of the market, while banks and phone companies fell. Johnson & Johnson rose 2.1% after the company asked regulators…
Newser

Wall Street Journal Reporter Sentenced to Prison by Turkish Court

October 11, 2017 |

A Turkish court sentenced Journal reporter Ayla Albayrak to two years and one month in prison, declaring her guilty of engaging in terrorist propaganda in support of a banned Kurdish separatist organization through one of her articles.
WSJ.com: What’s News Europe

Suspect in death of Kim Wall had recordings of torture, killings of women, prosecutor says

October 3, 2017 |

The Danish inventor charged with killing journalist Kim Wall aboard his homemade Nautilus submarine had a computer containing video of the torture and killing of women, a prosecutor said Tuesday.
FOX News