Business

How the Dow Jones industrial average fared on Thursday

How the Dow Jones industrial average fared on Thursday

On Wall Street, the Dow Jones industrial average retreated 166.62 points at 18,094.83, while the broader S&P 500 declined 18.59 points at 2,146.10. The Nasdaq composite edged up 12.84 points, or 0.2 percent, to 5,318.55. A steady stream of economic indicators will make their way through the financial markets in the final two days of the week. Inventories had been expected to rebound after the big drop in previous weeks.



(UPDATED) Train Crashes at Hoboken Terminal; One Dead and 74 Injured

State officials confirmed the fatality, an unidentified woman who was killed on the platform. Dozens of people were carried out on stretchers, as emergency personnel streamed in and out of the station. "It's hard to believe ". "I was incredibly lucky", he said. "The whole roof was caved in", Larson told reporters, looking shocked. The New Jersey Transit commuter train carrying 250 people crashed into Hoboken's historic train station a little after 8:30 a.m., according to authorities.


Apple to create London HQ at Battersea Power station

Apple to create London HQ at Battersea Power station

The move seems likely to have been inspired, or at least hastened, by the near-certainty of the United Kingdom's secession from the European Union within the next 24 months, as Apple concentrates its European presence around Ireland - where it now has plans to expand its Cork manufacturing plant after a 25% increase in the installation's workforce over the past year.



SABMiller, AB InBev shareholders approve merger

Shareholders for SABMiller voted in favor of Anheuser-Busch InBev's takeover. AB InBev had to raise its offer several times to get SABMiller to accept it and was forced to up the price again, by a pound to £45 per share, after the UK's European Union referendum vote in June hit sterling.


Germany's Lufthansa acquiring remainder of Brussels Airlines

Germany's Lufthansa acquiring remainder of Brussels Airlines

Lufthansa, which already owned a 45% stake in the Belgian carrier, announced on Wednesday it would exercise its option to acquire the remaining stake in SN Airholding, the parent company of Brussels Air. In a separate statement, Lufthansa said it planned to add 35 of those planes to its own low-priced carrier, Eurowings, and five to subsidiary Austrian Airlines.



Dollar/yen erases earlier losses, posts gains on the day

In the afternoon, the dollar extended its rally and nearly hit ¥101 as Japanese equities entered positive territory and finished considerably higher. US consumer stocks were bolstered after a report showed consumer confidence rose to its strongest in nine years in September.