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.

Dakota Access oil pipeline developer won’t consider reroute

DALLAS (AP) — The head of the company building the Dakota Access oil pipeline said Friday that it won’t be rerouted but that he’d like to meet with the head of an American Indian tribe to try to ease the tribe’s concerns about the project. Kelcy Warren, the CEO of Dallas-based Energy Transfer Partners, told … Continue reading Dakota Access oil pipeline developer won’t consider reroute

US stocks slip as drugmakers pull health care companies down

NEW YORK (AP) Major U.S. stock indexes are slightly lower Friday as investors take a pause following a steady climb since last week’s presidential election. Drug-makers and other health care companies are taking the largest losses. Small-company stocks are at record highs and still rising. Bond yields are rising further and the dollar also continues … Continue reading US stocks slip as drugmakers pull health care companies down

World shares mixed, dollar up as markets factor in Fed hike

HONG KONG (AP) — World stock indexes were mixed while the dollar rallied Friday as investors hunkered down for a likely U.S. rate hike next month after Fed chief Janet Yellen signaled the move would come soon. KEEPING SCORE: European shares were uneven in early trading. France’s CAC 40 edged up 0.1 percent to 4,533.33 … Continue reading World shares mixed, dollar up as markets factor in Fed hike

Volkswagen to shed 30,000 jobs, cutting costs after scandal

FRANKFURT, Germany (AP) — Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests. The German company said the job cuts are part of a long-term plan to improve profitability and shift … Continue reading Volkswagen to shed 30,000 jobs, cutting costs after scandal

Bank stocks surge again, leading broader market higher

NEW YORK (AP) — U.S. stocks rose Thursday as banks resumed their steep upward climb and retailers moved higher. Federal Reserve Chair Janet Yellen emphasized that the Fed plans to raise interest rates, which will help banks make more money from lending. Stocks started the day with small gains and moved higher following Yellen’s testimony … Continue reading Bank stocks surge again, leading broader market higher

K Amant launches STL.Properties

A new and better strategy to market, sell and find real estate in St. Louis ST. LOUIS, MO: (STL.News) K Amant, LLC is pleased to announce the launch of a new premier website network, exclusive to the St. Louis area that consists of six real estate related websites. Those include: STL.Properties, STLRealEstate, Directory, STLOpen.House, STLRealEstate, … Continue reading K Amant launches STL.Properties

Higher gas prices push US consumer inflation up 0.4 percent

WASHINGTON (AP) — (Higher gas prices) – Rising energy costs pushed consumer prices higher in October, but overall inflation remains tame. The Labor Department says its consumer price index rose 0.4 percent last month, the most since April and up from a 0.3 percent increase in September. Over the past year, consumer prices are up … Continue reading Higher gas prices push US consumer inflation up 0.4 percent

‘Tangled web’: Trump’s businesses could create conflicts

NEW YORK (AP) — Asked on TV earlier this year whether a President Donald Trump would ever mix politics with business, his eldest son, Donald Jr., said there was no risk of that. The son, an executive in his father’s company, insisted the two wouldn’t discuss the business if Dad ever got to the White … Continue reading ‘Tangled web’: Trump’s businesses could create conflicts

Twitter suspends several alt-right accounts

NEW YORK (AP) — Twitter has suspended the accounts of several prominent members of the so-called “alt-right” in an apparent crack down on accounts tied to hate speech or threats of violence. Twitter declined comment, but noted that its policies forbid violent threats, hate speech or harassment and promise to take action against violators. The … Continue reading Twitter suspends several alt-right accounts

Boeing to cut some jobs, move others, in efficiency effort

ST. LOUIS (AP) — Boeing Co. plans to move about 2,500 positions to other sites, cut 500 jobs and close two facilities by the end of 2020 in an effort to make its Defense, Space & Security business more efficient, the company said Tuesday. About 1,600 positions currently in Huntington Beach, California, will move to … Continue reading Boeing to cut some jobs, move others, in efficiency effort

Rally fades as banks lead stocks lower; dollar still rising

NEW YORK (AP) — U.S. stocks are slightly lower Wednesday as bank stocks return some of the huge gains they’ve made since the presidential election last week. The dollar continues to rise and has reached its highest mark in 13 years. The price of oil is up further after a big rise the day before. … Continue reading Rally fades as banks lead stocks lower; dollar still rising

Energy companies lead indexes higher as oil price soars

NEW YORK (AP) — U.S. stocks climbed Tuesday as the price of oil made its biggest jump in seven months and energy companies rose with it. Technology stocks like Microsoft and Google’s parent Alphabet traded higher and bond yields slipped, a break with the pattern since last week’s election. Oil rose almost 6 percent as … Continue reading Energy companies lead indexes higher as oil price soars

US retail sales jump 0.8 pct. in sign of consumer health

WASHINGTON (AP) — American consumers ramped up their spending last month in a sign of robust health heading into the crucial holiday shopping season. Retail sales rose 0.8 percent in October, after an upwardly-revised 1 percent gain in September, the Commerce Department said Tuesday. The two-month increase was the largest since the spring of 2014. … Continue reading US retail sales jump 0.8 pct. in sign of consumer health

Home Depot beats Street 3Q forecasts

ATLANTA (AP) — The Home Depot Inc. (HD) on Tuesday reported fiscal third-quarter earnings of $1.97 billion. The Atlanta-based company said it had profit of $1.60 per share. The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share. The home-improvement retailer … Continue reading Home Depot beats Street 3Q forecasts

AAA predicting biggest Thanksgiving travel rush in 9 years

DALLAS (AP) — The slowly improving economy could boost travel over the Thanksgiving holiday to levels not seen in nine years. AAA forecasts that 48.7 million Americans will travel, the busiest Thanksgiving period on U.S. roads and skies since 2007, the year before the global financial crisis plunged the U.S. economy into a deep recession. … Continue reading AAA predicting biggest Thanksgiving travel rush in 9 years

South Korea to test self-driving car in real traffic

SEOUL, South Korea (AP) — Self-driving cars soon will hit the road in South Korea as the country seeks to overtake other nations that have sped ahead with automated driving technology. Seoul National University professor Seo Seung-woo says a self-driving car developed by his team will start roaming Seoul streets early next year thanks to … Continue reading South Korea to test self-driving car in real traffic

SEC Chair White leaving at end of Obama administration

WASHINGTON (AP) — The head of the Securities and Exchange Commission, Mary Jo White, will leave office at the end of the Obama administration, the agency said Monday. White, a former federal prosecutor and private securities lawyer, was appointed by President Barack Obama in February 2013. Her term doesn’t end until 2019. President-elect Donald Trump … Continue reading SEC Chair White leaving at end of Obama administration

US stocks finish level as tech losses cancel out bank gains

NEW YORK (AP) — U.S. stocks came back from an early loss and finished almost unchanged Monday. Technology companies like Apple and Microsoft took big losses on fears about their overseas revenue, but bank stocks continued to surge along with bond yields. Technology stocks have been weak since last week’s election, and they fell further … Continue reading US stocks finish level as tech losses cancel out bank gains

May says UK will champion free trade in changing world

LONDON (AP) — Prime Minister Theresa May says Britain will be a “global champion of free trade,” in a speech acknowledging that the election of Donald Trump and the U.K. vote to leave the European Union mark an era of profound world change. May is making her first major foreign policy speech Monday at the … Continue reading May says UK will champion free trade in changing world

Fort Trump: New security measures ring Trump Tower

NEW YORK (AP) — Being a midtown Manhattan neighbor of Donald Trump now that he’s president-elect has come to this: navigating swarms of police officers, barricades, checkpoints and street closings that have turned Trump Tower — a tourist attraction normally open to the public — into a fortress. The extreme security measures began going up … Continue reading Fort Trump: New security measures ring Trump Tower

Lego won’t advertise in Britain’s Daily Mail anymore

COPENHAGEN, Denmark (AP) — The Danish toy company Lego said Saturday it won’t advertise anymore in Britain’s Daily Mail, one of several British newspapers targeted by a social media campaign for their anti-immigrant stances. The maker of multi-colored Lego building bricks tweeted Saturday “@StopFundingHate We have finished the agreement with the Daily Mail.” Roar Rude … Continue reading Lego won’t advertise in Britain’s Daily Mail anymore

On last foreign tour, Obama must find a way to explain Trump

WASHINGTON (AP) — It was supposed to be his grand valedictory tour. Now President Barack Obama must use his last major trip abroad to try to calm shocked world leaders about the outcome of the U.S. election, and what comes next when Donald Trump is president. Trump’s unforeseen victory has triggered pangs of uncertainty at … Continue reading On last foreign tour, Obama must find a way to explain Trump

GO VIRTUAL AT THE ST. LOUIS GALLERIA

Go Virtual at the St. Louis Galleria

ST. LOUIS, MO: (STL.News) – St. Louis Galleria is getting an extra boost from Facebook later this week. Facebook is introducing virtual reality via Gear VR at the Galleria.

It will be a two-month display of virtual reality technology along with the opportunity to share a .GIF of themselves in the virtual reality headset.

In 2014 Oculus, the virtual reality platform, was bought by Facebook for $2 billion.  Oculus had announced early in 2016 that it was going to allow Facebook users to connect their accounts to the Samsung Gear VR headset and then they would be able to watch an estimated 360 videos from Facebook feeds.  Facebook users would also be able to connect with friends and watch other streams of content.

Facebook is a social networking service that was launched February 4, 2004.  It was founded by Mark Zuckerberg along with his college roommates and fellow Harvard University student Eduardo Saverin.

Per Forbes 2016 billionaires list Mark Zuckerberg moved up to number 6 with an estimated worth of $44.6 billion up from $33.4 billion in 2015.

The Oculus Rift is a virtual reality headset developed and manufactured by Oculus VR and was released on March 28, 2016.  First built by 18-year-old Palmer Luckey in his parent’s garage in Long Beach, California.  Palmer Luckey ranks number 26 on Forbes’ 2015 list of America’s richest entrepreneurs under 40.

The St. Louis Galleria is a large mall located at 1155 Saint Louis Galleria, St. Louis, MO 63117.  The Mall hours are 10 am to 9 pm. Stores hours inside the Mall vary.

Facebook will be hosting like events in other cities across the United States.  Facebook Inc. is expected to report a 70% increase in earnings thanks to strong sales and advertising growth when it reports third-quarter earnings after the market closes Wednesday.

Contributing Editors: Chris and Karen Cushing

Bell-Brown Medical Institute – Medical Training School

Bell-Brown Medical Institute – Medical Training School Florissant, MO: (STL.News) – Bell-Brown Medical Institute is a medical training school that was founded in February 2016, by two women who have dedicated their lives to the medical field and education. They have worked hands on in the fields that they teach and know exactly what the … Continue reading Bell-Brown Medical Institute – Medical Training School

TALAYNA’S ITALIAN RESTAURANT EXPANDS CATERING ASSETS

50 years old, Talayna’s Italian Restaurant expands its catering assets to meet customer service CHESTERFIELD, MO: (STL.News) Talayna’s Italian Restaurant is one of the oldest family owned pizzerias in the St. Louis metro area.  They recently announced that they have expanded their catering assets to meet the increase in customer demand. They have added multiple … Continue reading TALAYNA’S ITALIAN RESTAURANT EXPANDS CATERING ASSETS

ST LOUIS’ FIRST ONLINE REAL ESTATE NETWORK LAUNCHED

STL.Properties and 5 additional sites creates first St. Louis online real estate network ST. LOUIS, MO: (STL.News) Six new websites have been launched focusing on the St. Louis real estate market.  The parent website of the network is STL.Properties. The network also includes the following sites creating the first St. Louis online real estate network. … Continue reading ST LOUIS’ FIRST ONLINE REAL ESTATE NETWORK LAUNCHED

Bring Out Your Inner Child At The Missouri History Museum

Bring Out Your Inner Child at The Missouri History Museum ST. LOUIS, MO: (STL.News) – We all had that favorite toy when we were growing up so what a great way to share it with your kids than going to the Missouri History Museum for the “TOYS of the 50’s, 60’s and 70’s.” The new … Continue reading Bring Out Your Inner Child At The Missouri History Museum