wall street

WASHINGTON | Ex-US official admits charges linked to Malaysian scandal

WASHINGTON  — A former Justice Department official admitted his role Friday in a multimillion-dollar effort to try to get the United States to drop its investigation into a money laundering and bribery scheme that pilfered billions from a Malaysian investment fund. George Higginbotham’s guilty plea in federal court in Washington marked the first public acknowledgement … Continue reading WASHINGTON | Ex-US official admits charges linked to Malaysian scandal

NEW YORK | Stocks edge higher on Wall Street after 2 days of big losses

NEW YORK — Stocks in the U.S. finished mostly higher Wednesday, a break after two days of steep losses. Technology and internet companies and retailers were responsible for most of the gains. The gains came from high-growth stocks such as retail and industrial companies, and energy companies benefited as crude oil rose about 2 percent. … Continue reading NEW YORK | Stocks edge higher on Wall Street after 2 days of big losses

NEW YORK | Correction: Earns-Retailers story

NEW YORK— In a story Nov. 20 about retailers’ earnings, The Associated Press wrongly cited the reason for why TJX Cos.’s third quarter profits were squeezed. It was because of higher freight costs, not e-commerce costs. A corrected version of the story is below: Shoppers spend freely heading into the holidays Shoppers are spending freely … Continue reading NEW YORK | Correction: Earns-Retailers story

NEW YORK | Markets Right Now: Tech rout erases stocks’ gain for year

NEW YORK— The latest on developments in financial markets (all times local): 10 a.m. Stocks are skidding again on Wall Street as a tech rout continues and several big retailers report weak results. Apple sank another 3.6 percent in early trading Tuesday and Microsoft gave up 3.3 percent. Target plunged 9.5 percent after missing Wall … Continue reading NEW YORK | Markets Right Now: Tech rout erases stocks’ gain for year

BEIJING | Global stocks sink after Wall Street losses, Nissan arrest

BEIJING— Asian stocks slid Tuesday after tech losses dragged down Wall Street and Nissan’s chairman was arrested on financial charges. KEEPING SCORE: In early trading, Germany’s DAX index lost 0.8 percent to 11,156.08 points and France’s CAC 40 shed 0.7 percent to 4,951.75. London’s FTSE 100 retreated 0.4 percent to 6,969.74. On Monday, the DAX … Continue reading BEIJING | Global stocks sink after Wall Street losses, Nissan arrest

Energy companies lead US stocks lower after oil price plunge

The steepest drop in oil prices in more than three years put investors in a selling mood Tuesday, extending a losing streak for the S&P 500 index to a fourth day. Energy stocks led a late-afternoon sell-off on Wall Street after the price of U.S. crude oil plunged 7.1 percent to $55.69 a barrel, the … Continue reading Energy companies lead US stocks lower after oil price plunge

NEW YORK | Markets Right Now: Stocks rally on Wall Street post-election

NEW YORK  — The latest on developments in financial markets (all times local): 3:16 p.m. Stocks are sharply higher on Wall Street as investors are relieved that midterm elections went as they had expected, leaving split control of Congress. Health care stocks did especially well Wednesday after the Democrats took control of the House of … Continue reading NEW YORK | Markets Right Now: Stocks rally on Wall Street post-election