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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

Global stocks surge after Trump acquitted, China virus aid

By JOE McDONALD | February 6, 2020

Global stocks rose Thursday after U.S. President Donald Trump was acquitted in an impeachment trial and China cut tariffs on U.S. imports and provided aid to businesses reeling from a virus outbreak.European markets were up modestly, while Tokyo, Hong...

Siemens earnings dip on weakness in autos, energy industries

February 5, 2020

BERLIN (AP) — Orders and earnings at industrial conglomerate Siemens were lower than a year earlier in the October-December period, the company said Wednesday, weighed down by weaker performances in the auto and energy sectors.Siemens said orders for...

Asian shares up on China efforts despite virus worries

By YURI KAGEYAMA | February 4, 2020

TOKYO (AP) — Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak.Japan's benchmark Nikkei 225 gained 1.1% to 23,330.11 in morning trading. Australia's S&P/ASX...

Stocks sink on fears virus outbreak will dent global economy

By ALEX VEIGA | January 31, 2020

Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth.The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for...

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...

Roman Catholic Diocese of Buffalo: Bankruptcy imminent

By CAROLYN THOMPSON | January 30, 2020

BUFFALO, N.Y. (AP) — The Roman Catholic Diocese of Buffalo faces near certain bankruptcy after posting a $5 million loss in 2019, and with a barrage of lawsuits from the clergy misconduct scandal still pending, according to a financial report released...

World markets tumble as fears over virus outbreak spread

By ELAINE KURTENBACH | January 30, 2020

Shares tumbled in Europe and Asia on Thursday as the impact of the virus outbreak in China expanded to include flight cancellations and other wider precautions to help stop its spread.Taiwan's benchmark dived 5.8% as its market reopened after the Lunar...

Deutsche Bank loss widens in Q4 on restructuring costs

January 30, 2020

BERLIN (AP) — Germany's Deutsche Bank said Thursday that its net loss widened in the fourth quarter as a result of charges related to a sweeping restructuring program.Germany's biggest bank reported a net loss of 1.48 billion euros ($1.6 billion) for...

Asian markets tumble as fears over virus outbreak spread

By ELAINE KURTENBACH | January 29, 2020

Shares tumbled in Asia on Thursday as concern over the impact of the virus outbreak in China deepened.Taiwan's benchmark dived 5.3% as its market reopened after the Lunar New Year. Japan's Nikkei 225 index sank 1.9% to 22,935.20, while Hong Kong's Hang...

Facebook reports 4Q profit, user growth despite challenges

By BARBARA ORTUTAY | January 29, 2020

SAN FRANCISCO (AP) — Facebook had a strong fourth quarter, making more money on advertising and adding more users despite challenges around regulation, privacy and efforts to fight election interference.Its profit and revenue both handily surpassed...

Grounded jet sends Boeing to first annual loss in 2 decades

By DAVID KOENIG | January 29, 2020

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.New CEO David Calhoun on Wednesday stood...

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...