TOKYO – Shares in Asia posted strong gains early Friday, tracking the upbeat session overnight on Wall Street. Japan’s Nikkei 225 index jumped 1.1 percent to 21,974.91 as the U.S. dollar strengthened against the yen, boosting exporters’ shares. Investors are watching for U.S. GDP data. Continue Reading Below KEEPING SCORE: […]
FOX Business News
Clariant, Huntsman abandon $20 billion merger as opposition intensifies
Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders who had joined activist investor White Tale to oppose the deal. Continue Reading Below “Given the continued accumulation of Clariant shares by activist investor White Tale Holdings […]
Insured losses from deadly California wildfires could hit $3 billion
Insured property losses from wildfires that raged through Northern California wine country this month, killing at least 42 people and destroying thousands of businesses and homes, could total $2 billion to $3 billion, a risk-modeling firm said on Thursday. Continue Reading Below The analysis by Boston-based AOR Worldwide, encompassing anticipated […]
Oil markets tighten, Brent approaches $60 per barrel
Oil prices inched higher on Friday, with Brent crude approaching $60 a barrel amid tightening market expectations, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts. Continue Reading Below International benchmark Brent crude futures were up 10 cents, or 0.17 percent, at $59.40 a […]
How Alphabet’s Waymo Will Teach its Self-Driving Cars About Snow
Waymo said on Thursday that it will try to teach its self-driving cars about snow by taking part of its fleet to a place with notoriously fierce winter weather: Michigan. Continue Reading Below Waymo, the Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary formerly known as the Google Self-Driving Car Project, said […]
3 Innovative Stocks for October
Here’s something to wrap your head around: As fast as the world has changed in the last decade, the pace of innovation is actually accelerating. We went from a world without iPhones in 2007 to one dominated by the product just 10 years later. Uber didn’t exist when Barack Obama was […]
What I’ll Be Watching When Cirrus Logic Reports Earnings
Despite solid top- and bottom-line growth last quarter, shares of audio chip developer Cirrus Logic (NASDAQ: CRUS) have been falling over the past three months and are down roughly 6% year-to-date. The reason? Cirrus has offered a fairly uninspiring revenue forecast for the remainder of the year, and investors appear […]
Professor quits over denied Dakota Access pipeline seminars
FARGO, N.D. – A University of North Dakota journalism professor said Thursday he’s quitting because the school would not let him conduct seminars on the Dakota Access oil pipeline protest. Continue Reading Below Mark Trahant said he was put in charge of a journalism lecture series and proposed two pipeline […]
Up 70% in the Past Year, Does The New York Times Still Have Room to Run?
Blue Apron (NYSE: APRN) made its debut on Wall Street just a few months ago, but the stock is already down 50% from its original offer price. Continue Reading Below In this episode of Industry Focus: Consumer Goods, Vincent Shen and Asit Sharma look at the ongoing headwinds Blue Apron must […]
The Latest: Bail set at $1 million for drug company founder
PHOENIX – The Latest on charges against the billionaire founder of an opioid medication maker (all times local): Continue Reading Below 5:10 p.m. A judge has set bail at $1 million for the billionaire founder of an opioid medication maker that has faced increasing scrutiny from authorities across the U.S. […]