Financial News

Edward Alton Weaver
September 23, 2019
AP-NC Newswatch
September 23, 2019
Financial News

 

 

 

 

Stocks edge higher … No signs of rebound in Europe … Cook collapse strands thousands

NEW YORK (AP) – Stocks are slightly higher in afternoon trading. Technology stocks and makers of household products have led the gains. Utilities are also showing small gains. Investors typically shift to both those sectors and bonds when they are seeking safer places to put their money amid worries about economic growth. Health care stocks are the biggest laggards.

 

FRANKFURT, Germany (AP) – The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound. Mario Draghi (DRAHG’-ee) is urging governments to help by spending more on top of the central bank’s latest package of stimulus measures. But he’s getting a cool response. Germany has rejected the idea of borrowing more for infrastructure investments.

 

LONDON (AP) – The collapse of British tour company Thomas Cook has left thousands of travelers stranded around the world. Cyprus says it’s making arrangements to ferry home the 15,000 Thomas Cook travelers now on the eastern Mediterranean island nation. In Germany, Thomas Cook’s Condor airline says it can no longer carry traveler, but has asked the German government for a bridging loan. The British government is taking charge of getting the firm’s 150,000 U.K.-based customers back home, but asking travelers to be patient.

 

WASHINGTON (AP) – Nissan has agreed to pay $15 million and its former chairman Carlos Ghosn (gohn) is paying $1 million to settle federal regulators’ civil fraud charges. The Japanese automaker is accused of hiding from investors more than $140 million in compensation and retirement benefits for Ghosn. The Securities and Exchange Commission announced the settlement today, which also bars Ghosn from serving as an officer or director of a public company 10 years.

 

CAPTAIN COOK, Hawaii (AP) – In 2015, a major marine heatwave killed huge swaths of Hawaii’s coral reefs. Now, scientists fear a repeat as ocean temperatures have reached record highs for months in a row. Researchers monitoring Hawaii’s reefs already are seeing early signs of bleaching, which occurs when ocean temperatures rise and corals struggle to survive. Repeated and extended periods of hot temperatures can cause coral to die and their reefs to fall apart.

 

AP-WF-09-23-19 1802GMT