USA Just Says No to Bribery, and 5 Other Things You’ll Want to Know Today

June 12, 2018

Getty ImagesHere’s a quick rundown from the world of business and economics this morning: the things you need to know, and some you’ll just want to know. • The U.S. government may have its problems, but at least we’re honest: According to anti-corruption watchdog Transparency International, the U.S. and Germany are the most active at enforcing rules prohibiting multinational companies from using bribes in foreign countries. By comparison, half the…

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Market Minute: Costco Earnings Miss Forecasts; Yum Continues to Struggle

June 9, 2018

Costco earnings at a discount, and a fast food giant continues to struggle. Those stocks and more are what’s in Wednesday’s Market Minute. The Dow Jones industrial average (^DJI) lost another 159 points Tuesday, the Standard & Poor’s 500 index (^GPSC) fell 20 and the Nasdaq composite index (^IXIC) slid 75 points. Since the partial government shutdown began at the start of this month, the Dow has tumbled by 482…

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Men’s Wearhouse Rejects Jos. A. Bank Takeover Offer

June 6, 2018

AlamyBy Siddharth Cavale Jos. A. Bank Clothiers’ offered to buy bigger rival Men’s Wearhouse for about $2.3 billion to create a men’s apparel heavyweight with more than 1,700 stores — a proposal that Men’s Wearhouse swiftly rejected. The offer of $48 a share in cash is a 36 percent premium to the closing price of Men’s Wearhouse shares on Tuesday. Men’s Wearhouse (MW) shares opened at $43.35 on the New…

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Closing Bell: Stocks React Well to Yellen Nomination, Hints of Shutdown Progress

June 3, 2018

Richard Drew/AP U.S. markets ended mostly higher Wednesday as investors welcomed the nomination of Janet Yellen as the new head of the Federal Reserve, as well as faint signs of progress on ending the budget stalemate in Washington. But gains were tempered by losses in some high-performing technology stocks, as well as continued concerns the government shutdown, now in its ninth day. The Dow Jones industrial average (^DJI) rose 26…

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Shutdown Detracts from Much Bigger Global Risks

May 31, 2018

Getty ImagesBy Katie Holliday Bigger risks to the global economy have been overlooked in recent weeks amid intense focus on U.S. politics, U.K. based research house Capital Economics warned. With the U.S. government shutdown set to enter its 10th day Thursday, speculation about the fallout from a potential debt default was center stage. However, given the extremely low chances of a default and the fact that a default would likely…

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Closing Bell: Stocks Soar as Washington Hints at a Debt Ceiling Deal

May 28, 2018

Richard Drew/AP Stocks soared Thursday after investors enthusiastically responded to news of a possible deal among Washington lawmakers to break an impasse that threatened to push the country into default. The three most-followed indexes all rose about 2.2 percent: The Dow Jones industrial average (^DJI) surged 323 points to 15,126, the Standard & Poor’s 500 index (^GPSC) rallied 36 points to 1,692 and the Nasdaq composite index (^IXIC) jumped 82…

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Winners and Losers: A Good Week for Tech, but Not for Online Learning

May 25, 2018

Bloomberg via Getty Images Companies can make brilliant moves, but there are also times when things don’t work out quite as planned. From an online educator getting schooled to a PC dinosaur showing signs of coming back to life, here’s a rundown of the week’s best and worst in the business world. Hewlett-Packard (HPQ) — Winner PC sales continue to slide, but market leader HP is turning things around. Industry…

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Markets Trust Washington, But For How Long?

May 22, 2018

Spencer Platt/Getty ImagesBy Dhara Ranasinghe Global financial markets are holding out for a deal in Washington to avert a debt default in the world’s biggest economy. But that patience could fade quickly if a deal isn’t reached soon, analysts say. Talks to end a partial shutdown of the U.S. government and raise the debt ceiling before a looming Oct. 17 deadline stalled once again Tuesday. A growing number of voices…

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Closing Bell: Stocks Tumble as Talks on Shutdown, Debt Ceiling Stall

May 20, 2018

Richard Drew/AP Stocks fell Tuesday after Senate leaders from both parties suspended negotiations to end the government shutdown and avert a looming default on the nation’s debt, overshadowing some key corporate earnings. The Dow Jones industrial average (^DJI) slipped 133 points, or 0.9 percent, to close at 15,168, the Standard & Poor’s 500 index (^GPSC) lost 12 points, or 0.7 percent, to 1,698, and the Nasdaq composite index (^IXIC) gave…

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PepsiCo Reports Higher Profit Despite Economic Pressures

May 19, 2018

John Raoux/APBy CANDICE CHOI NEW YORK — Americans are gobbling up more of PepsiCo’s Frito-Lay snacks. As for the company’s sodas, customers are apparently less enthusiastic. That’s the quandary for PepsiCo (PEP), the soda and snack maker that also owns Gatorade, Mountain Dew, Tropicana and Quaker Oats. Although the company’s Cheetos, Doritos and other snacks dominate supermarket shelves, its North American drinks unit has perennially played second fiddle to the…

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