Business

Business News includes financial market updates across the globe and news about publicly traded companies

Business News – we publish news from across the globe relating to business that involves publicly traded companies in addition to stock market updates from financial markets around the world.

For a complete list of our categories visit our sitemap page or our Investor Central page offers a significant amount of business news.

The Latest: Official: Royal Air Maroc grounds sole Boeing

ADDIS ABABA, Ethiopia (AP) — The Latest on Ethiopian Airlines crash (all times local): 9:50 p.m. A U.N. official says thousands stood in silent tribute to victims of the Ethiopian Airlines crash at the opening of the U.N. Environment Program’s Assembly in Nairobi on Monday. Some people who had been traveling to the meeting were … Continue reading The Latest: Official: Royal Air Maroc grounds sole Boeing

US stocks move broadly higher on tech strength; Boeing drops

U.S. stocks marched broadly higher in afternoon trading on Wall Street Monday, led by a rally in technology shares. A sharp decline in Boeing stemmed the gain for the Dow Jones Industrial Average. Stocks are coming off their worst week since December. Still, the major indexes are enjoying gains of 9 percent or more for … Continue reading US stocks move broadly higher on tech strength; Boeing drops

UAW chief raises strike pay, issues warning to automakers

DETROIT (AP) — The president of the United Auto Workers union warned automakers that the union is prepared to strike if it doesn’t get its way in upcoming contract talks. Gary Jones told delegates at the union’s bargaining convention in Detroit that it would raise weekly strike pay from $200 to $250 per week this … Continue reading UAW chief raises strike pay, issues warning to automakers

The Latest: Algeria to get new constitution, government

ALGIERS, Algeria (AP) — The Latest on the political situation and protests in Algeria (all times local): 7:50 p.m. Algerian state news agency APS says President Abdelaziz Bouteflika has named the interior minister in his government as the new prime minister. Interior Minister Noureddine Bedoui is close to the president’s brother. Bouteflika charged Bedoui with … Continue reading The Latest: Algeria to get new constitution, government

UK leader holds last-ditch Brexit talks with EU before vote

LONDON (AP) — Prime Minister Theresa May scrambled to win last-minute changes from the European Union to her Brexit deal Monday, a day before a crucial vote in Britain’s Parliament that could derail the country’s withdrawal from the EU — and cost May her job. May flew by Royal Air Force jet to Strasbourg, France, … Continue reading UK leader holds last-ditch Brexit talks with EU before vote

Boeing’s stock takes a hit as more Max 8 planes are grounded

BEIJING (AP) — Boeing’s stock plunged Monday as the list of countries and airlines grounding the Boeing 737 Max 8 planes continued to grow the day after one crashed in Ethiopia, killing all 157 people on board. The Ethiopian Airlines jet crashed shortly after it took off from Addis Ababa on Sunday, drawing renewed scrutiny … Continue reading Boeing’s stock takes a hit as more Max 8 planes are grounded

The Latest: Budget proposes limit on Medicare drug prices

WASHINGTON (AP) — The Latest on President Donald Trump‘s proposed 2020 budget (all times local): 2:25 p.m. President Donald Trump’s budget proposes a hard limit to what Medicare beneficiaries have to pay for prescription medications, an idea with bipartisan support in Congress. The Medicare prescription drug benefit was enacted more than 15 years ago, before … Continue reading The Latest: Budget proposes limit on Medicare drug prices

Restive Algeria awaits decisive move from returned president

ALGIERS, Algeria (AP) — Algerian teenagers and lawyers held protests Monday, and workers held scattered walkouts, as their tense nation waits to see whether ailing President Abdelaziz Bouteflika offers any concessions in the face of unprecedented protests. Algerian media and protest leaders expect it could be a decisive day for the gas-rich North African country, … Continue reading Restive Algeria awaits decisive move from returned president

2020 Democrats aim to make inroads in rural America

DENMARK, S.C. (AP) — Deanna Miller Berry doesn’t often see presidential candidates. So when New Jersey Sen. Cory Booker recently came to Bamberg County, South Carolina, she was primed to unload about a contaminated water system. “What is your plan to fix it?” Berry asked, her eyes narrowed. Booker, former mayor of Newark, the largest … Continue reading 2020 Democrats aim to make inroads in rural America

Ethiopia mourns crash victims as plane’s ‘black box’ found

EJERE, Ethiopia (AP) — Ethiopian Airlines has grounded all of its Boeing 737 Max 8 aircraft as “an extra safety precaution” following the crash of one of its planes in which 157 people were killed, a spokesman said Monday, as Ethiopia marked a day of mourning and the plane’s damaged “black box” of data was … Continue reading Ethiopia mourns crash victims as plane’s ‘black box’ found

Ethiopian crash victims were aid workers, doctors, students

ADDIS ABABA, Ethiopia (AP) — Three Austrian physicians. The co-founder of an international aid organization. A career ambassador. The wife and children of a Slovak legislator. A Nigerian-born Canadian college professor, author and satirist. They were all among the 157 people from 35 countries who died Sunday morning when an Ethiopian Airlines Boeing 737 MAX … Continue reading Ethiopian crash victims were aid workers, doctors, students

Levi Strauss plans to raise up to $587M in IPO

SAN FRANCISCO (AP) — Levi Strauss plans to raise up to $587 million in an initial public offering of company shares. The San Francisco company said Monday that it’s offering approximately 9.5 million shares, while selling stockholders are offering about 27.2 million shares. The stock is expected to be priced between $14 and $16 each. … Continue reading Levi Strauss plans to raise up to $587M in IPO

Growing number of Boeing Max 8 planes grounded after crash

BEIJING (AP) — Aviation authorities in China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 Max 8 planes Monday after one crashed in Ethiopia, killing all 157 people on board. The crash of the Ethiopian Airlines jet shortly after it took off from Addis Ababa on Sunday is drawing renewed scrutiny of the … Continue reading Growing number of Boeing Max 8 planes grounded after crash

The Latest: Pope sends condolences over Ethiopian crash

ADDIS ABABA, Ethiopia (AP) — The Latest on Ethiopian Airlines crash (all times local): 3:30 p.m. There are scenes of agony as members of an association of Ethiopian airline pilots cry uncontrollably for colleagues killed in Sunday’s crash near Addis Ababa. Framed photographs of seven crew members sit in chairs at the front of a … Continue reading The Latest: Pope sends condolences over Ethiopian crash

World shares mostly higher as China-US trade talks drag on

BANGKOK (AP) — Shares were mostly higher in Europe on Monday, tracking gains in Asia as investors awaited further developments in trade talks between the U.S. and China. Boeing shares were predicted to fall at the open on Wall Street after the crash Sunday of a 737 Max 8 plane in Ethiopia that killed all … Continue reading World shares mostly higher as China-US trade talks drag on

Business News: Barrick, Newmont Forge Nevada Joint Venture Agreement

ELKO, NV (STL.News) – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (Barrick) and Newmont Mining Corporation (NYSE:NEM) (Newmont) said today that the two companies have signed an implementation agreement to create a joint venture combining their respective mining operations, assets, reserves, and talent in Nevada. The joint venture is an historic accord between the two gold mining companies, … Continue reading Business News: Barrick, Newmont Forge Nevada Joint Venture Agreement

Deutsche Bank, Commerzbank higher after merger talks report

FRANKFURT, Germany (AP) — Shares in Deutsche Bank and Commerzbank have risen after news reports that Deutsche Bank’s top management has agreed to hold preliminary talks about a possible merger. Shares in Deutsche Bank traded up 2.2 percent in midday trading Monday while Commerzbank was up 3.9 percent. The share moves follow a report in … Continue reading Deutsche Bank, Commerzbank higher after merger talks report

Business News: NVIDIA to Acquire Mellanox for $6.9 Billion

Unites leaders in processing and interconnect for the high performance computing market Builds on the companies’ long history of collaboration and joint innovation Expected to be accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow immediately after close SANTA CLARA, CA and YOKNEAM, Israel (STL.News) – NVIDIA and Mellanox today announced that … Continue reading Business News: NVIDIA to Acquire Mellanox for $6.9 Billion

Business News: Cboe Europe Receives Authorization to Operate Netherlands Venue

LONDON (STL.News) – Cboe Europe, the largest stock exchange by value traded in Europe and a division of Cboe Global Markets (Cboe: CBOE), today announced that Cboe Europe B.V., its new subsidiary based in Amsterdam, has received authorization from the Dutch Ministry of Finance.  Cboe Europe B.V. is now authorized to operate a Regulated Market (RM), Multilateral Trading … Continue reading Business News: Cboe Europe Receives Authorization to Operate Netherlands Venue

Ethiopia mourns crash victims as investigators seek answers

ADDIS ABABA, Ethiopia (AP) — Ethiopian Airlines has grounded all of its Boeing 737 Max 8 aircraft as “an extra safety precaution” following the crash of one of its planes in which 157 people were killed, a spokesman said Monday, as Ethiopia marked a day of mourning and the search for remains began for a … Continue reading Ethiopia mourns crash victims as investigators seek answers

Some Democrats in 2020 campaign reaching out to rural areas

DENMARK, S.C. (AP) — Deanna Miller Berry doesn’t often see presidential candidates. So when New Jersey Sen. Cory Booker recently came to Bamberg County, South Carolina, she was primed to unload about a contaminated water system. “What is your plan to fix it?” Berry asked, her eyes narrowed. Booker, former mayor of Newark, the largest … Continue reading Some Democrats in 2020 campaign reaching out to rural areas

Asian shares mostly higher as China-US trade talks drag on

BANGKOK (AP) — Shares were mostly higher in Asia on Monday as investors awaited further developments in trade talks between the U.S. and China. The Shanghai Composite jumped 1.9 percent to 3,026.99 and the Hang Seng in Hong Kong gained 0.9 percent to 28,494.76. Japan’s Nikkei 225 index added 0.5 percent to 21,125.09 and the … Continue reading Asian shares mostly higher as China-US trade talks drag on

Trump reviving his border wall fight with new budget request

WASHINGTON (AP) — President Donald Trump is reviving his border wall fight, preparing a new budget that will seek $8.6 billion for his signature project, impose steep spending cuts to other domestic programs and set the stage for another fiscal battle. Budget documents like the one Trump is releasing Monday are often seen as just … Continue reading Trump reviving his border wall fight with new budget request

Ghosn, out on bail, wants OK to go to Nissan’s board meeting

TOKYO (AP) — Nissan’s former chairman Carlos Ghosn, released on bail last week, is asking for a court’s approval to attend the Japanese automaker’s board meeting Tuesday. Nissan dismissed Ghosn as chairman after his Nov. 19 arrest, but he remains on the board. His lawyer Junichiro Hironaka told reporters Monday that Ghosn wants to attend … Continue reading Ghosn, out on bail, wants OK to go to Nissan’s board meeting

Powell says Trump’s attacks played no role in rate pause

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed’s decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday that he can’t be fired by the president and that he … Continue reading Powell says Trump’s attacks played no role in rate pause

Business News: Boeing Statement on Ethiopian Airlines Flight 302

Chicago, IL (STL.News) – Today, Boeing released the following statement: Boeing is deeply saddened to learn of the passing of the passengers and crew on Ethiopian Airlines Flight 302, a 737 MAX 8 airplane.  We extend our heartfelt sympathies to the families and loved ones of the passengers and crew on board and stand ready … Continue reading Business News: Boeing Statement on Ethiopian Airlines Flight 302

Presidential hopeful Castro isn’t ruling out reparations

AUSTIN, Texas (AP) — Democratic presidential candidate Julian Castro isn’t ruling out direct payments to African-Americans for the legacy of slavery — a stand separating him from his 2020 rivals. “If under the Constitution we compensate people because we take their property, why wouldn’t you compensate people who actually were property,” the former Obama-era housing … Continue reading Presidential hopeful Castro isn’t ruling out reparations

Bill to route internet through Russian servers spurs protest

MOSCOW (AP) — Several thousand people have rallied in Moscow to protest legislation they fear could lead to widespread internet censorship for Russian users. The sanctioned rally on Sunday was organized in response to a bill in parliament that would route all internet traffic through servers in Russia, making virtual private networks (VPNs) ineffective. The … Continue reading Bill to route internet through Russian servers spurs protest