September 17, 2019

Daily Leader Extra : Business

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Business

Oil prices jump as attack on Saudi plant jolts supply

Global energy prices spiked Monday by 15% after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record.

Recent Headlines

Friday 09/13/2019
WeWork to list shares on Nasdaq, reduce CEO's voting power

NEW YORK (AP) -- WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list shares on the Nasdaq.

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Thursday 09/12/2019
Yahoo Japan plans tender offer for retailer Zozo at $3.7B

TOKYO (AP) -- Yahoo Japan Corp. announced on Thursday a tender offer worth an estimated 400 billion yen ($3.7 billion) for Zozo Inc., a Japanese online retailer started by a celebrity tycoon.

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Wednesday 09/11/2019
Officials spar with senators over plan for mortgage giants

WASHINGTON (AP) -- Trump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income homeowners.

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Tuesday 09/10/2019
Wendy's relaunches breakfast, plans to hire 20,000 in U.S.

DUBLIN, Ohio (AP) -- Wendy's said Monday it's relaunching breakfast across the U.S. next year, the latest fast-food chain to amp up its offerings as more consumers eat out in the morning.

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Monday 09/09/2019
Nissan chief hands in resignation, successor to be named

YOKOHAMA, Japan (AP) -- Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation.

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Friday 09/06/2019
Samsung folding phone to launch after screen problem delay

LONDON (AP) -- Samsung's highly anticipated folding phone will go on sale Friday, after the original launch date was delayed by months because of embarrassing problems with the screen.

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Thursday 09/05/2019
Judge orders Anheuser-Busch to halt 'corn syrup' labels

Big beer is still duking it out over corn syrup.

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Wednesday 09/04/2019
Lego aims to expand sales in China, India

COPENHAGEN, Denmark (AP) -- Toy maker Lego said Tuesday its revenue rose 4% in the first half of 2019 but significant investments to grow its business in China and India led to a 12% drop in net profit.

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Tuesday 09/03/2019
Survey suggests little or no Midwest economic growth in view

OMAHA, Neb. (AP) -- An August survey of business supply managers suggested slow or no economic growth over the next several months in nine Midwest and Plains states, in part because of trade skirmishes, a report said Tuesday.

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Thursday 08/29/2019
U.S. economy grew at a moderate 2% annual rate last quarter

WASHINGTON (AP) -- The U.S. economy grew more slowly in the spring, and many economists think the slowdown will continue and perhaps complicate President Donald Trump's hopes that a surging economy enhance his 2020 re-election hopes.

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Wednesday 08/28/2019
BP to shed Alaska assets, sell to Hilcorp Alaska for $5.6B

JUNEAU, Alaska (AP) -- BP plans to sell its interests in Alaska's once prodigious North Slope to a company seen as having a reputation of giving new life to aging fields.

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Tuesday 08/27/2019
A decade after a split, the Marlboro men seek a reunion

NEW YORK (AP) -- The Marlboro men are discussing a reunion as the number of smokers continues to decline worldwide.

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Monday 08/26/2019
Target teams up with Disney to open shops

NEW YORK (AP) -- Target is hoping to bring the magic of such characters as Mickey Mouse and Elsa to its own customers by opening permanent Disney shops at a cluster of stores starting this fall.

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Thursday 08/22/2019
Monopoly maker Hasbro to cut plastic use in toy packaging

NEW YORK (AP) -- Hasbro is giving plastic packaging the boot.

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Wednesday 08/21/2019
Department stores make room for used fashion

NEW YORK (AP) -- Out with the new and in with the old.

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Tuesday 08/20/2019
Huawei expects no relief from US sanctions but is confident

SHENZHEN, China (AP) -- The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology.

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Monday 08/19/2019
Top CEOs rethink the meaning of shareholder value

The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking.

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Friday 08/16/2019
Tapestry offers downbeat outlook and its stock tumbles

NEW YORK (AP) -- Tapestry Inc.'s shares lost nearly a quarter of their value Thursday after the upscale handbag and fashion company said that it would have an unexpected drop in profit and revenue in the current quarter.

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Thursday 08/15/2019
WeWork reveals rapid growth and massive losses ahead of IPO

NEW YORK (AP) -- WeWork's parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market.

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