• Lumentum paces optical stocks downward on tariff concerns July 20, 2018
    Optical stocks were hit Friday after President Donald Trump said he was prepared to "go to 500" in a tariff battle with China, referring to the idea that the U.S. may levy tariffs on $505 billion in Chinese products, or the whole import balance from last year. Shares of Lumentum Holdings Inc. fell 8.4% Friday, while shares of Oclaro Inc. , which Lu […]
  • Pfizer gets FDA approval for drug similar to Amgen's Neupogen July 20, 2018
    Pfizer Inc. said late Friday it received Food and Drug Administration approval to sell a biotech drug that is similar to Amgen Inc.'s Neupogen. Pfizer's product is named Nivestym, which is intended to reduce the likelihood of infections in cancer patients receiving chemotherapy. In a statement, Pfizer said it expects to sell Nivestym at "a sig […]
  • Lifepoint Health surges 35% after buyout report July 20, 2018
    Shares in hospital operator Lifepoint Health Inc. surged more than 35% in after-hours trading Friday after a report that private-equity firm Apollo Global Management LLC is in talks to buy the firm. Reuters reported that Apollo "is in advanced talks" to buy the firm at a valuation that could hit $6 billion, including debt, citing unnamed sources. L […]
  • Stocks close slightly lower, ending the week flat July 20, 2018
    U.S. stocks closed slightly lower on Friday as new questions surrounding government policy on both trade and the dollar cooled buying appetite, despite positive earnings releases. The main benchmarks ended the week roughly where they started. The S&P 500 fell 2.66 points, or 0.1%, to 2,801.83 and is flat over the week. The Dow Jones Industrial Average de […]
  • U.S. oil prices climb, but end the week lower July 20, 2018
    U.S. oil prices climbed Friday, extending gains from a day earlier when comments from Saudi Arabia's OPEC governor eased concerns over the potential for an oversupplied market. Rising U.S.-China trade war tensions, however, raised expectations of a slowdown in commodity demand, helping to pull prices lower for the week. August West Texas Intermediate cr […]
  • Trump worried Fed will hike twice more this year: CNBC July 20, 2018
    President Donald Trump's criticism of Federal Reserve interest-rate policy stems, in part, from his concern the central bank will follow through on its projections for two additional quarter-point moves this year, CNBC reported, citing an unidentified White House official. On the other hand, the official said White House aides are less concerned and hav […]
  • NFL's new national-anthem policy reportedly on hold July 20, 2018
    The National Football League and its players union have issued a joint statement that implementation of the league's new national-anthem policy, under which all players on the field at the time of the playing of "The Star-Spangled Banner" would be required to stand respectfully, is on hold. Players would be free to remain in the locker room, i […]
  • Gold prices finish higher, but fall a second straight week July 20, 2018
    Gold prices finished with a gain on Friday as comments President Donald Trump, showing his displeasure with Federal Reserve interest-rate increases, prompted a decline in the benchmark dollar index. Prices for the yellow metal, however, still suffered a loss for a second week in a row. Overall strength in the dollar and a "slow but steady rise in real i […]
  • Aerospace-parts company Esterline shares surge 9.5% on report it is mulling sale July 20, 2018
    Aerospace-parts maker Esterline Technologies Corp. shares soared more than 9% Friday, after The Wall Street Journal said the company is exploring a sale, citing people familiar with the matter. The company is a supplier to the aerospace industry, providing cockpit components, sensors and other items for commercial planes, business jets and the military. Shar […]
  • Amazon to add more than 1,500 workers with Spokane fulfillment center July 20, 2018 Inc. said Friday that it will add 1,500 full-time jobs with a new fulfillment center in Spokane, Wash. Spanning more than 600,000 square feet, workers will sort and ship housewares, games, school supplies and more. Amazon has more than 50,000 employees across Washington state, where the company is headquartered. Amazon shares are up 55.5% for 2018 […]