What happened Continue Reading Below Pearson plc (NYSE: PSO) stock climbed 14% in October according to data provided by S&P Global Market Intelligence. Shares gained ground after the company delivered solid third-quarter results and raised its full-year profit outlook. So what? Pearson reported nine-month earnings on October 17, and shares climbed on […]
FOX Business News
The Latest: Italy to phase out coal for electricity by 2025
BONN, Germany – The Latest on a global climate conference in Bonn, Germany (all times local): Continue Reading Below 2:05 p.m. The Italian government says the country will phase out the use of coal for national electricity needs by 2025 as part of developing a sustainable and competitive energy strategy. […]
Why Marijuana Companies Struggle to Make a Profit
With 29 states (plus the District of Columbia) that have legalized marijuana in some form, the U.S. is seeing an explosion of pot-related companies. In 2016, there were between 21,000 and 33,000 cannabis businesses in the U.S. Yet many of these businesses have a hard time just making ends meet, […]
JC Penney reports rising same-store sales
PLANO, Texas – J.C. Penney is reporting its first bump in same-store sales in more than a year and losses were not as bad as expected, sending shares up 8 percent before the opening bell. Continue Reading Below The Plano, Texas, company had a loss of $128 million for the […]
Slovenia’s president faces former actor in runoff vote
BLED, Slovenia – Slovenia is holding a runoff presidential election on Sunday that is pitting President Borut Pahor against challenger Marjan Sarec, a former actor who is the mayor of the northern town of Kamnik. Continue Reading Below Pahor, a veteran politician, has been favored to win after leading the […]
Rights groups file case over French spy tech sales to Egypt
CAIRO – Egyptian and international rights groups have filed a criminal complaint with Paris prosecutors over the sale of French surveillance technology to Egypt. Continue Reading Below The filing, announced late Thursday by the Cairo Institute for Human Rights Studies, relates to the potential role that the technology could play […]
Kobe Steel says focus on profit, targets led to scandal
TOKYO – Kobe Steel is pointing to a zealous pursuit of profit, unrealistic targets and an insular corporate culture as the causes of massive faked inspection data at the Japanese metals maker. Continue Reading Below The company released a 27-page report Friday of its findings on what led to the […]
China, US leaders square off over multi-nation trade deals
DANANG, Vietnam – Nations need to stay committed to economic openness or risk being left behind, Chinese President Xi Jinping said Friday in comments that contrasted sharply with U.S. President Donald Trump’s remarks to the same business conference. Continue Reading Below The Chinese president drew loud applause when he urged […]
Climate activists stage protest at German coal-fired plant
BONN, Germany – Environmental activists have staged a protest at a German coal-fired power plant to highlight the country’s continued use of heavily polluting fossil fuels. Continue Reading Below Protesters projected images of Pacific islanders threatened by climate change onto the cooling tower of the lignite-fuelled power station in Neurath, […]
AP FACT CHECK: US-China trade package mostly about symbolism
BEIJING – A trade and investment package announced during President Donald Trump’s visit to China is more about the art of diplomacy than the art of the deal. Continue Reading Below The package, said to be worth more than $250 billion, puts a symbolic gloss on fundamentally strained economic relations […]