Northern Star

Global stocks surge after Trump acquitted, China virus aid

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 Kong and Seoul rose more than 2%. Wall Street future...

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 the period, its fiscal first quarter, were down 2%...

Asian shares up on China efforts despite virus worries

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 200 added 0.3% to 6,967.20. South Korea's ...

Stocks sink on fears virus outbreak will dent global economy

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 January.Technology companies, which do a lot of b...

Asia shares mixed as WHO says China virus a global emergency

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 to China following the WHO's announcement.Japan's N...

Roman Catholic Diocese of Buffalo: Bankruptcy imminent

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 Thursday.”In response to the magnitude of the ...

World markets tumble as fears over virus outbreak spread

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 New Year. Shares fell in most other markets, with th...

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 the October-December period, compared with 409 mil...

Asian markets tumble as fears over virus outbreak spread

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 Seng index skidded 1.7% to 26,693.06. In Australi...

Facebook reports 4Q profit, user growth despite challenges

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 Wall Street's expectations.The company also said it se...

Grounded jet sends Boeing to first annual loss in 2 decades

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 by his estimate that regulators will certify changes Boeing...

McDonald’s wraps up tumultuous year on a strong note

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 decade, with growth in all of its global regions.Eve...