Tuesday , 22 August 2017

Business News

Stocks rise again, put shaky few weeks further behind them

Stocks around the world pushed higher on Tuesday as markets gain strength following a shaky run the last couple of weeks. Shares of technology companies, retailers and metals miners helped lead the way in the United States. With less nervousness in the market, prices for Treasury bonds, gold and other go-to investments for turbulent times fell. KEEPING SCORE: The Standard ... Read More »

Markets Right Now: Stocks move higher on Wall Street

The latest on developments in financial markets (All times local): 11:45 a.m. Stocks pushed higher as markets gain strength following a shaky run the last couple of weeks. Shares of technology companies, retailers and metals miners helped lead the way Tuesday. Apple rose 1.7 percent. Macy’s rose 3 percent after announcing a restructuring and naming a former eBay executive as ... Read More »

Grain lower, livestock mixed

Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was lower 3.60 cents at $4.0560 a bushel; Sept corn was down .40 cent at $3.4840 a bushel; Sept oats lost .20 cent at $2.4340 a bushel while Sept soybeans was up 1.40 cent to $9.34 a bushel. Beef higher and pork ... Read More »

H&R Block taps former Uber exec to serve as CEO

H&R Block Inc. has named a former Uber executive as its new CEO. The tax services company said Tuesday that Jeffrey J. Jones II will assume the post on Oct. 9. He succeeds Tom Gerke, who will serve as interim president and CEO until October. Gerke will remain as general counsel and chief administrative officer. Jones most recently served as ... Read More »

BHP Billiton returns to black with $6.7 billion profit

Anglo-Australian miner, BHP Billiton, on Tuesday reported a return to black with a $6.7 billion annual profit a year after the company’s worst ever full-year result and said it wants to sell its U.S. shale oil assets. The Melbourne, Australia based-company’s turnaround from the $6.4 billion loss for the year through June 2016, was built on high prices for iron ... Read More »

Boeing, Northrop get contracts for nuclear missile work

The Air Force said Monday it has awarded contracts to Boeing Co. and Northrop Grumman Corp. for work that could lead to replacement of the nation’s intercontinental ballistic missiles. The contracts are part of a planned overhaul of the U.S. nuclear arsenal that will cost tens of billions of dollars. The Air Force said that it gave Boeing a $349 ... Read More »

Macy's names senior eBay executive as president

Macy’s says it has hired a senior eBay Inc. executive as president and is further streamlining its organization to make it more nimble in the face of increased competition. Hal Lawton will become president of Macy’s on Sept. 8. He will report to Macy’s CEO Jeff Gennette, who had previously held that role. As president, Lawton will be responsible for ... Read More »

Business Highlights

___ China’s Great Wall considers bid for Fiat Chrysler Jeep unit BEIJING (AP) — Spokespeople for Chinese SUV maker Great Wall Motors say it is considering making a bid to buy Fiat Chrysler’s Jeep unit, in a possible ambitious new step onto the global stage for China’s fast-growing auto brands. Great Wall has yet to formally declare its interest in ... Read More »

How major US stock market indexes fared Monday

U.S. stock indexes inched higher Monday, as the Standard & Poor’s 500 index steadied following back-to-back losses the last two weeks. On Monday: The S&P 500 rose 2.82 points, or 0.1 percent, to 2,428.37. The Dow Jones industrial average gained 29.24, or 0.1 percent, to 21,703.75. The Nasdaq composite slipped 3.40 points, or 0.1 percent, to 6,213.13. The Russell 2000 ... Read More »

Interest rates mixed at US Treasury weekly auction

Interest rates on short-term Treasury bills were mixed in Monday’s auction with rates on three-month bills declining while rates on six-month bills were unchanged. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.000 percent, down from 1.015 percent last week. Another $33 billion in six-month bills was auctioned at a discount rate of 1.115 ... Read More »