Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Check out the companies making headlines midday Thursday:
Apple — Apple shares climbed over 3.5 percent after Needham upgraded the stock to strong buy from buy ahead of a launch event on March 25. The technology giant is expected to introduce its video streaming service at the event, challenging market leaders such as Netflix and Amazon. Citigroup also lifted its price target on Apple to $220 from $170.
Biogen — Shares of Biogen plummeted 29.2 percent after the company ended the trial for an Alzheimer's drug it was developing in partnership with a Japanese pharmaceutical company. The biotechnology company's drug was expected to be a blockbuster, but the company said in a statement that they decided to stop Phase 3 of the trial after an independent group's analysis showed the trials were unlikely to "meet their primary endpoint."
Micron Technology — Shares of Micron Technology rose 9.6 percent after the memory-chip maker reported better-than-expected second-quarter earnings on Wednesday. The company reported earnings of $1.71 per share, 4 cents higher than a Refinitiv estimate.
Levi Strauss — Levi Strauss soared more than 31 percent after the company began trading on the New York Stock Exchange. Shares opened at $22.22 after the company's IPO priced at $17 a share.
Conagra Brands — Shares of Conagra Brands rose 12.8 percent after the company reported better-than-expected third-quarter earnings. The company also said it raised prices to accommodate higher transportation and commodity costs.
Darden Restaurants — Shares of the Olive Garden parent rose more than 6 percent after the company reported earnings that topped analyst expectations, thanks to strong sales growth. The restaurant company also raised its earnings per share to a range of $5.76 to $5.80 from a prior outlook of $5.60 to $5.70 per share.
Qorvo — Shares of the Apple supplier rose more than 6 percent after Goldman Sachs upgraded the stock to buy from neutral. Goldman cited three reasons for the upgrade, including stabilization in the smartphone market and the "growing" 5G infrastructure business.
Guess — The clothing company dropped more than 12 percent on the back of weaker-than-expected earnings. Guess reported adjusted earnings per share of 70 cents. Analysts polled by Refinitiv had forecast a profit of 75 cents.