Corporate stock

June 27, 2019 - 4:32 pm
NEW YORK (AP) — The Federal Reserve has approved all the capital plans that the nation's 18 largest banks submitted as part of this year's stress tests. That means that the Fed determined banks like JPMorgan Chase, Citigroup and Bank of America can raise their dividends and buy back more shares...
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Slack CEO Stewart Butterfield poses for photos outside the New York Stock Exchange before his company's IPO, Thursday, June 20, 2019. (AP Photo/Richard Drew)
June 20, 2019 - 2:29 pm
NEW YORK (AP) — Slack's newly public shares aren't slacking off. The work messaging service's market value grew 60% after it started trading Thursday under the ticker "WORK." Slack's debut is the latest in several highly anticipated initial public offerings of stock for tech companies. While some...
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FILE - In this March 11, 2019, file photo Sotheby's Chairman Domenico De Sole, second from right, is applauded by CEO Tad Smith, right, and others as he rings the New York Stock Exchange opening bell to celebrate the company's 275th anniversary. BidFair USA is taking auction house Sotheby's private in a deal valued at $3.7 billion. BidFair USA will pay $57 per share, which is a 61% premium to the company's closing stock price. (AP Photo/Richard Drew, File)
June 17, 2019 - 11:01 am
NEW YORK (AP) — Billionaire entrepreneur and art collector Patrick Drahi is taking auction house Sotheby's private in a deal valued at $3.7 billion. Drahi, through his BidFair USA company, will pay $57 per share, which is a 61% premium to the company's Friday closing stock price. "This acquisition...
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FILE - In this June 6, 2019, file photo specialist Anthony Rinaldi, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 14. (AP Photo/Richard Drew, File)
June 14, 2019 - 5:01 pm
NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and...
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June 14, 2019 - 12:03 pm
NEW YORK (AP) — It's raining cats and dogs on Wall Street. Chewy, the online seller of pet food and squeaky toys, went public Friday and its shares soared 71%. The stock's rise values the 8-year-old company at $15 billion. Demand for the initial public offering has been high. Chewy raised just over...
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FILE - In this Nov. 2, 2017, file photo, Broadcom CEO Hock Tan speaks as President Donald Trump listens during an event to announce the company is moving its global headquarters to the United States, in the Oval Office of the White House, in Washington. Broadcom's shares fell on Friday, June 14, 2019, along with those of other chipmakers, after the company lowered revenue guidance for the rest of the year due to trade tensions and a "broad-based" slowdown in general. (AP Photo/Evan Vucci, File)
June 14, 2019 - 11:28 am
NEW YORK (AP) — Broadcom's shares fell on Friday, along with those of other chipmakers, after the company lowered revenue guidance for the rest of the year due to trade tensions and a "broad-based" slowdown in general. Chipmakers, part of the semiconductor industry, make the integrated circuits...
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FILE- In this June 6, 2019, file photo specialist John Parisi, left, works with traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 13. (AP Photo/Richard Drew, File)
June 13, 2019 - 10:48 am
NEW YORK (AP) — U.S. stocks edged higher in early trading Thursday on Wall Street as a spike in oil prices boosted energy stocks following a suspected attack on two oil tankers in the strategic Strait of Hormuz. U.S. oil rose 3.2% and Brent crude, the international benchmark, gained 2.8%. The gains...
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Trader Michael Milano works on the floor of the New York Stock Exchange, Tuesday, June 11, 2019. Stocks are rising early Tuesday as Wall Street continues to thrive in June. (AP Photo/Richard Drew)
June 11, 2019 - 2:12 pm
NEW YORK (AP) — U.S. stocks gave up early gains and flattened in afternoon trading Tuesday on Wall Street, weighed down by technology and industrial companies. The market is trying to extend a five-day winning streak that has so far helped recoup much of May's sharp losses. In mid-afternoon, stocks...
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June 10, 2019 - 5:19 pm
SAN FRANCISCO (AP) — Private equity firm Apollo Global Management Photo is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But...
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FILE - In this Feb. 20, 2019, file photo a mannequin wears a red dress inside the Saks Fifth Avenue's flagship midtown Manhattan store in New York. A group of shareholders of Saks Fifth Avenue's parent is making an offer to take the struggling department store chain private. The offer was announced Monday, June 10. (AP Photo/Kathy Willens, File)
June 10, 2019 - 11:26 am
NEW YORK (AP) — A group of shareholders of Saks Fifth Avenue's parent is making an offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson's Bay Executive Chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investment...
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