NEW YORK (AP) — With the Thanksgiving holiday approaching, U.S. stocks are little changed Wednesday morning after they finished at all-time highs the day before. The price of oil is rising on reports OPEC might extend its cuts in production, and energy companies are also up. Technology companies are taking small losses as the two … Continue reading
NEW YORK (AP) — Disney’s $4 billion deal for Lucasfilm and “Star Wars” just keeps getting better for the House of Mouse. The company is banking on the latest installments, “The Last Jedi” in December and a Han Solo movie in May, to drive people to theaters. But that’s far from the end of money-making … Continue reading
NEW YORK (AP) — U.S. stock indexes were listless Friday, making only small moves for the second straight day. Drops for banks and health care stocks offset gains for dividend-paying stocks. The Standard & Poor’s 500 index is still on track to deliver its seventh week of gains in the last eight, following a big … Continue reading
NEW YORK (AP) — U.S. stock indexes took a modest step back Friday, though they remain close to record highs. Energy stocks fell more than the rest of the market, and bond yields eased. KEEPING SCORE: The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,343, as of 12:45 p.m. Eastern … Continue reading
NEW YORK (AP) — U.S. stocks moved little in early trading as investors weighed a report on unemployment benefits and corporate news. Oil prices posted another strong gain Thursday, lifting energy stocks. The Labor Department reported that applications for unemployment benefits rose slightly last week, but they remain at levels consistent with a healthy job … Continue reading
U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. … Continue reading
NEW YORK (AP) — U.S. stocks opened higher, despite signs of weak economic growth, on encouraging earnings news and higher energy prices. The government said Friday that growth in the U.S. economy slowed as consumers spent less, business didn’t invest as much, and exports fell. Microsoft rose 5 percent after it reported stronger-than-expected results. … Continue reading
HARRISONBURG, Va. (AP) — If a Massanutten Resort staff member has assisted you recently, you weren’t dealing with just any employee. You were helped by one of its owners. Great Eastern Resort announced recently that its companies, including the resort, are under full control of an Employee Stock Ownership Program. In addition to Massanutten, its … Continue reading
ROANOKE, Va. (AP) — Advance Auto Parts Inc. reported a dip in its third-quarter profit, a disappointing outlook and disclosed CEO Darren R. Jackson will retire in January. Jackson cited the costs related to integrating General Parts International and a stronger U.S. dollar as factors in weighing down results for the quarter. The third-quarter “shortfall” … Continue reading
SAN FRANCISCO (AP) — Netflix is raising the price of its Internet video service by $1 for new customers in the U.S., Canada and some Latin America countries to help cover its escalating costs for shows such as “House of Cards” and other original programming. The new price of $10 per month for Netflix’s standard … Continue reading
NEW YORK (AP) — U.S. stocks rose in early trading on optimism that policymakers in Asia will do more to help boost growth in the region. Japan’s stock market logged its biggest gain in almost seven years after comments from the country’s Prime Minister raised expectations of more measures to shore up economic growth. China’s … Continue reading
NEW YORK (AP) — U.S. stocks opened lower Friday after a mixed U.S. jobs report left investors uncertain about the outlook for the Federal Reserve’s interest rate policy. The report showed that the U.S. unemployment rate fell to a seven-year low in August, but also that employers added fewer jobs than forecast. While the steady … Continue reading
ATHENS, Greece (AP) — Greece reshuffled its bailout negotiating team on Monday following fierce criticism of its finance minister, meeting with market applause as investors hoped it will facilitate a deal to save the country from bankruptcy. A Greek official insisted Yanis Varoufakis, who has come under fire from his European peers for dragging … Continue reading
NEW YORK (AP) — Stocks are falling broadly in midday trading on Friday following steep declines in Europe. Investors are worrying that Greece may default on its debt. Several big U.S. companies including American Express fell after reporting disappointing results. KEEPING SCORE: The Dow Jones industrial average slumped 242 points, or 1.3 percent, to … Continue reading
Major stock indexes hovered slightly above their record closing highs in afternoon trading Wednesday. Traders had their eye on a mix of corporate earnings news, as well as the second day of Congressional testimony by Federal Reserve Chair Janet Yellen. Oil prices rebounded after an early slide. KEEPING SCORE: The Dow Jones industrial average … Continue reading
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