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US Stocks Lower After Mixed US Job Report, New Greek Fears

Thursday, 02 July 2015 12:27 Written by
U.S. stocks rose slightly in early trading Thursday as investors look over a mixed report on the job market. While payrolls grew overall, many people gave up looking for work and wage growth stalled. Bond prices rose. KEEPING SCORE: The Dow Jones industrial average rose 23 points, or 0.1 percent, to 17,781 as of 10:16 a.m. Eastern time. The Standard & Poor's 500 index gained three points, or 0.1 percent, to 2,080. The
Closing of Chicago trading pits: a requiem for family ties
Thursday, 02 July 2015 12:22 Written by
CHICAGO Thomas Cashman was not long out of law school when his dad, Tom, brought him to the Chicago Board of Trade soybean pit in 1994. The two spent the next 10 years trading side by side, until Thomas moved upstairs to begin trading on computer screens. Thomas, a third-generation CBOT trader now back practicing law and trading on the side, is a member of one of the better-known trading families in Chicago's 167-year history
Ford Recalls 432K Cars Because of Software Problem
Thursday, 02 July 2015 11:59 Written by
Ford is recalling 433,000 vehicles, including 2015 Focus, C-MAX and Escape models, because of a software problem that could keep their engines running after drivers try to shut them down. Ford Motor Co. says there is a flaw in the body control module software in the vehicles. As a result of the problem, the engine could keep running after the key is turned to "off" and removed, or after the start/stop button is pressed
Unpaid internships legal when they boost interns' learning, U.S. court rules
Thursday, 02 July 2015 11:37 Written by
Unpaid internships are legal when they are closely tied to interns' educations, a U.S. appeals court in Manhattan said on Thursday in reversing decisions that Fox Searchlight Pictures Inc and The Hearst Corp broke the law by not paying interns. The lower courts erred in finding the interns should have been treated as employees because the companies derived some benefit from their work, the 2nd U.S. Circuit Court of Appeals said. As long as internships…
Flight to Washington, D.C., diverted by unruly passenger: officials
Thursday, 02 July 2015 11:37 Written by
A United Express flight to Washington, D.C., from Missouri was diverted on Thursday to the airport in Columbus, Ohio, after the pilots said they had a disruptive passenger making threatening statements, officials said.
U.S. regulator says Fiat Chrysler misled agency on Takata recalls
Thursday, 02 July 2015 11:37 Written by
WASHINGTON Fiat Chrysler Automobiles NV misled U.S. auto safety regulators about recall notifications to the owners of vehicles equipped with defective Takata Corp air bags, a U.S. safety recall analysts said on Thursday. "Fiat Chrysler failed to notify owners within the required 60 days in seven (of 23) recalls we are discussing here today," Joshua Neff, senior safety recall analyst at the National Highway Traffic Safety Administration, told a public hearing on the automaker's recall…
Two San Francisco TV news crews attacked during live broadcast
Thursday, 02 July 2015 11:37 Written by
SAN FRANCISCO Two San Francisco television news crews were attacked and robbed and a camera operator pistol-whipped while reporting on a homicide early on Thursday, in an incident that was partly captured on live TV, local media reported. Crews from local Bay Area stations KNTV and KTVU had equipment stolen, and the camera operator suffered a cut to his ear, according to reports by the San Francisco Chronicle newspaper and KNTV, the local NBC affiliate.…
FDA Clears Drug for Leading Form of Cystic Fibrosis
Thursday, 02 July 2015 11:34 Written by
Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited disease that causes internal mucus buildup, lung infections and early death. The Food and Drug Administration approved the twice-a-day pill from Vertex Pharmaceuticals for a variation of cystic fibrosis that affects about 8,500 people in the U.S. who are 12 years and older. The approval notice was posted to the agency's website. The new
Whole Foods Apologizes for Overcharging Customers
Thursday, 02 July 2015 11:34 Written by
The CEOs of Whole Foods are apologizing for overcharging customers and offering free food to people in return. "Straight up, we made some mistakes. We want to own that and tell you what we’re doing about it,” Walter Robb, co-CEO of Whole Foods Market said in a video published on Wednesday. Investigators found Whole Foods locations in New York City "routinely overstated" the weight of pre-packaged contents and overcharged customers, according to an announcement by
Ford Recalls 433K Cars Because of Software Problem
Thursday, 02 July 2015 11:27 Written by
Ford is recalling 433,000 vehicles, including 2015 Focus, C-MAX and Escape models, because of a software problem that could keep their engines running after drivers try to shut them down. Ford Motor Co. says there is a flaw in the body control module software in the vehicles. As a result of the problem, the engine could keep running after the key is turned to "off" and removed, or after the start/stop button is pressed

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