Stocks add to gains…Utility’s shares plunge further…Job openings fall
NEW YORK (AP) – Stocks are higher on Wall Street, building on two days of solid gains. Traders were showing an increased appetite for risk, sending shares of technology and industrial companies higher. The latest round of trade talks between the U.S. and China ended without word of progress, but no evident signs of setbacks either.
NEW YORK (AP) – Shares in PG&E have plunged another 13 percent after the S&P ratings agency cut the California utility’s debt rating to junk. The utility is grappling with the political and financial fallout from costly and deadly wildfires in California. Shares have been weighed down since November and took a sharp dive Monday on bankruptcy speculation.
NEW YORK (AP) – Samsung expects its quarterly operating profit will be nearly 29 percent lower than last year, potentially unsettling a tech sector already skittish about slowing global economic growth. The announcement from the South Korean computer chip and smartphone giant comes less than a week after Apple jolted markets with its weak expectations for revenue to end the year, citing flagging sales in China.
WASHINGTON (AP) – U.S. job openings fell in November from the previous month, but the number of available positions remained healthy. The Labor Department says job openings slipped 3.4 percent to a seasonally adjusted 6.9 million. That is the fewest openings in five months, but still 16 percent higher than a year ago.
PHOENIX (AP) – The CEO of a private health care facility in Phoenix has resigned following reports that a patient gave birth despite being in a vegetative state for more than a decade. A spokesman for Hacienda Healthcare says Bill Timmons announced his resignation Monday and it was unanimously accepted by the facility’s board of directors. A female patient living at a Hacienda HealthCare facility reportedly gave birth Dec. 29 although the staff was unaware the woman was pregnant.