Asian stocks follow Wall Street’s rate-cut rally … HONG KONG (AP) — Asian stocks surged on Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve’s big cut to interest …
Nike names Elliott Hill as CEO, replacing John Donahoe BEAVERTON, Ore. (AP) — Nike Inc. said Thursday it has named Elliott Hill as its president and CEO, replacing John Donahoe, who will retire next month. Hill is returning to the …
Civil rights groups call on major corporations to … NEW YORK (AP) — A broad group of civil rights organizations called on the CEOs and board members of major companies Thursday to maintain their commitments to diversity, equity …
23andMe directors resign as the CEO of the genetic-testing … NEW YORK (AP) — All of 23andMe’s independent directors resigned from its board this week, a rare move that marks the latest challenge for the genetic-testing company. The resignations …
Wall Street soars to records as Dow leaps 500 in … NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 …
Nearly 138,000 beds are being recalled after reports … NEW YORK (AP) — Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada because they can collapse, posing …
US home sales fell in August despite easing mortgage … LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties …
US Senate panel OKs action against Steward Health … BOSTON (AP) — Members of a U.S. Senate committee looking into the bankruptcy of Steward Health Care adopted two resolutions Thursday designed to hold CEO Ralph de la Torre in …
At Google antitrust trial, documents say one thing. … ALEXANDRIA, Va. (AP) — The judge who will decide whether Google holds a monopoly over technology that matches buyers and sellers of online advertising must choose whether to …
Olive Garden teams up with Uber Direct to offer delivery Olive Garden said Thursday it’s teaming up with Uber to offer delivery for the first time. Darden Restaurants, which owns Olive Garden, LongHorn Steakhouse and other chains, …
JetBlue will imitate bigger and more successful rivals … JetBlue Airways will open its first airport lounges next year in New York and Boston in a bid to compete with larger airlines for premium travelers. The airline said Thursday …
Report finds a faulty component could have caused … HONG KONG (AP) — Hong Kong’s air safety authority said Thursday that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that caused a fire, forcing a Zurich-bound …
Weekly applications for US jobless benefits fall … The number of Americans applying for unemployment benefits fell to their lowest level in four months last week. Jobless claims slid by 12,000, to 219,000, for the week of Sept. …
A volunteer network of interpreters wants to make … NEW YORK (AP) — They may be Tigrinya speakers fleeing the authoritarian Eritrean government’s indefinite military service policy. Or Rohingya people escaping ethnic violence …
Bank of England keeps its main interest rate on hold … LONDON (AP) — The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus …
Oversight board says it will help speed up projects … SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances announced Wednesday that it will step in to help speed up projects to fix the island’s …
Tupperware lifts the lid on its financial problems … NEW YORK (AP) — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where …
Federal Reserve signals end to inflation fight with … WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates …
Stock market today: Most of Wall Street edges lower … NEW YORK (AP) — U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. …
Alaska Airlines completes its acquisition of Hawaiian … SEATTLE (AP) — Alaska Airlines closed its $1 billion purchase of Hawaiian Airlines on Wednesday, a day after the federal government removed the last major regulatory obstacle …