Business Headline News

RadioShack files for bankruptcy for second time in 2 years

FORT WORTH, TX/March 9, 2017 (AP)(STL.News) — Troubled electronics retailer RadioShack (RS) has filed for bankruptcy for the second time in just over two years. The Fort Worth, Texas-based retailer filed its petition in bankruptcy court in Delaware on Wednesday. The company says it’s closing about 200 stores and evaluating options on the remaining 1,300. … Continue reading RadioShack files for bankruptcy for second time in 2 years

Asian shares mostly higher despite pullback on Wall Street

TOKYO/March 6, 2017 (AP)(STL.News) — Asian shares were mostly higher on Tuesday with little major news to drive trading. Japan’s benchmark edged lower, while Hong Kong’s Hang Seng index rose as China’s finance minister expressed confidence over the government’s ability to handle rising levels of debt. KEEPING SCORE: The Nikkei 225 stock index in Tokyo … Continue reading Asian shares mostly higher despite pullback on Wall Street

Record highs for US stocks; Dow crosses 21,000-point mark

March 1, 2017 (AP)(STL.News) Investors bet big on U.S. stocks Wednesday, giving the market its biggest single-day gain in nearly four months and pushing the major indexes to record highs. The Dow Jones industrial average rose above 21,000 points for the first time in what was the biggest gain for the blue-chip index so far … Continue reading Record highs for US stocks; Dow crosses 21,000-point mark

Stocks end mixed as investors seek safety; industrials slide

NEW YORK/February 23, 2017 (AP)(STL.News) — Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall Street focused on gold, bonds, and companies that pay big dividends. Construction equipment, transportation and metals companies skidded and small-company … Continue reading Stocks end mixed as investors seek safety; industrials slide

Asian shares muted ahead of earnings, Fed minutes this week

HONG KONG/February 20, 2017 (AP)(STL.News) — Asian stocks were muted on Monday as a lack of fresh leads kept investors on the sidelines while they awaited economic and corporate earnings reports and Fed meeting minutes due out this week. KEEPING SCORE: Japan’s benchmark Nikkei 225 index edged up 0.1 percent to 19,244.39 and South Korea’s … Continue reading Asian shares muted ahead of earnings, Fed minutes this week