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Northern Star

Northern Illinois University’s student news organization since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

Caterpillar 4Q profit rises despite sales decline

January 31, 2020

Caterpillar put a lid on costs in the fourth quarter, pushing profits higher despite an 8% decline in revenue.The strong profits, however, were overshadowed by an uncertain take on the year ahead with global growth slowing.Shares slipped $1.06 to $134.31...

Asia shares mixed as WHO says China virus a global emergency

By ELAINE KURTENBACH | January 30, 2020

Shares were mixed in Asia after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency.Markets in mainland China remained closed as the U.S. warned against all travel...

More airlines drop flights to China as virus spreads

By ADAM SCHRECK, ELAINE KURTENBACH, and DAVID KOENIG | January 29, 2020

BANGKOK (AP) — British Airways halted all flights to China and American Airlines suspended Los Angeles flights to and from Shanghai and Beijing as efforts to contain a new virus intensifies.The coronavirus has now infected more people in China than...

McDonald’s wraps up tumultuous year on a strong note

By DEE-ANN DURBIN | January 29, 2020

McDonald's wrapped up a tumultuous year on a high note after the company's CEO was ousted in November.The burger giant said Wednesday it surpassed $100 billion in annual sales for the first time, and notched its highest same-store sales in more than a...

World shares mostly higher after rebound on Wall Street

By ELAINE KURTENBACH | January 29, 2020

Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a sell-off the day before.Hong Kong's Hang Seng dropped 2.8%, to 27,174.43 after its markets reopened from Lunar New Year holidays,...

Asian shares mostly higher after rebound on Wall Street

By ELAINE KURTENBACH | January 28, 2020

Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before.Hong Kong's Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese...

Asian shares sink on mounting worries over China outbreak

By YURI KAGEYAMA | January 27, 2020

TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China.Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4%...