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December 11, 2019
Saudi stock offering creates world's most valuable company
Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made ...
December 10, 2019
Peloton shares tumble as bearish report adds to ad woes
Shares of exercise bike company Peloton were under pressure Tuesday from a scathing research report that comes on the heels ...
December 09, 2019
Saudi prince's ambitions hinge on triumphant Aramco sale
Saudi Arabia is expected to set a new record for the largest stock flotation in history on Wednesday with the sale of part ...
December 07, 2019
Elon Musk cleared of defamation in 'pedo guy' tweet trial
Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the ...
December 05, 2019
United's Kirby to take over for CEO Oscar Munoz
Three years after being dumped by a rival, Scott Kirby will become the next CEO of United Airlines, where he has played a key ...
December 05, 2019
Saudi Aramco plans $25.6B share sale in biggest ever IPO
Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — ...
December 03, 2019
Cleveland-Cliffs buying AK Steel in $1.1B stock deal
Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. The companies say the tie-up will create a ...
November 26, 2019
E-commerce giant Alibaba’s shares jump 7% in Hong Kong debut
Chinese e-commerce giant Alibaba’s shares jumped 6.6% in their debut on the Hong Kong stock exchange on Tuesday, an ...
November 25, 2019
This stock trade isn’t free: Schwab scoops up rival for $26B
Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive ...
November 21, 2019
WeWork cuts nearly 20% of workforce in restructuring effort
WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that ...
November 21, 2019
E-commerce giant Alibaba raises $11 billion in share listing
The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city’s ...
November 20, 2019
Saudi king touts reforms, Aramco IPO in annual address
Saudi King Salman touted his country’s reforms in his annual address Wednesday and stressed the importance of his ...
November 14, 2019
WeWork loses $1.25 billion in third quarter
WeWork racked up $1.25 billion in losses in the third quarter as it geared up for, and ultimately scuttled, its debut as a ...
November 10, 2019
Saudi Aramco takes another step toward 1st public offering
Saudi Arabia's state-owned oil giant Aramco released a lengthy document late Saturday that lays the ground for investors to ...
November 08, 2019
Gap CEO Art Peck steps down amid slumping sales, stock price
Gap announced Thursday that CEO Art Peck is stepping down as the company struggles to turn around a long-standing sales slump
November 06, 2019
CVS gets a 3Q booster shot from Aetna as revenue soars
CVS Health revenue surged in the third quarter as the drugstore chain and pharmacy benefits manager added health insurance ...
November 03, 2019
Saudi Arabia formally starts IPO of oil firm Saudi Aramco
Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, ...
November 01, 2019
Exxon profit plummets with plenty of oil to go around
Exxon Mobil's profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost ...
October 31, 2019
Altria takes a $4.5 billion hit on Juul amid vaping backlash
Marlboro-maker Altria is taking a big financial hit from its multibillion-dollar bet on e-cigarettes. The tobacco giant on ...
October 30, 2019
Apple shakes off iPhone slump to deliver strong fiscal 4Q
Apple is still running a well-oiled moneymaking machine despite cooling demand for its hottest product, the iPhone. Sales and ...
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