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Markets Right Now: Stocks rise sharply, Dow over 21,000

The Associated Press  |  Posted   Mar 1st - 2:32pm

The latest on developments in financial markets (All times local):

Lawsuit: Memphis police threatened, followed labor activists

Adrian Sainz, Associated Press  |  Posted   Mar 1st - 2:27pm

Memphis police have followed labor organizers home after meetings, ordered fast-food workers not to sign petitions, threatened them with arrest and put some on a list requiring them to have a police escort when they visit City Hall, activists charge in a federal lawsuit.

Trump budget hits Coast Guard ship, project of GOP senator

Andrew Taylor, Associated Press  |  Posted   Mar 1st - 2:27pm

President Donald Trump's budget would eliminate a $600 million-plus state-of-the-art Coast Guard cutter that's a priority of the powerful Republican chairman of the Senate Appropriations Committee.

Hawaii bill targeting commercial fishing industry in danger

Cathy Bussewitz, Associated Press  |  Posted   Mar 1st - 2:18pm

The sponsor of a Hawaii bill seeking to change the way commercial licenses are granted to foreign fishermen said the bill is in danger of dying.

Yes, what you do or say in an Uber may be recorded

Joseph Pisani, Associated Press  |  Posted   Mar 1st - 2:16pm

Watch what you do or say the next time you jump into an Uber: Your backseat phone calls, make-out sessions or drunken arguments could be recorded.

IRS: Deadline near to get $1 billion unclaimed 2013 refunds

Stephen Ohlemacher, Associated Press  |  Posted   Mar 1st - 2:15pm

If you didn't file a tax return for 2013, the IRS might have a refund waiting for you. But the deadline to claim it is only a few weeks away.

Pepsi to lay off 80 to 100 workers, citing Philadelphia tax

The Associated Press  |  Posted   Mar 1st - 2:07pm

Pepsi says slumping sales from Philadelphia's new sweetened-beverage tax are prompting layoffs of 80 to 100 workers at three distribution plants that serve the city.

Hershey expects to cut 15 percent of global workforce

Candice Choi, Associated Press  |  Posted   Mar 1st - 2:07pm

Hershey says it expects to cut its global workforce by about 15 percent, with the reductions coming mostly from hourly employees outside the United States.

Stocks surge on Wall Street, sending Dow Jones industrials to their first close above 21,000 points

The Associated Press  |  Posted   Mar 1st - 2:07pm

Stocks surge on Wall Street, sending Dow Jones industrials to their first close above 21,000 points.

Trump idea to expand health care competition faces hurdles

Jonathan J. Cooper and Ricardo Alonso-Zaldivar, Associated Press  |  Posted   Mar 1st - 1:53pm

Allowing insurers to market health care policies across state lines is one of President Donald Trump's main ideas for bringing down costs.

Grain higher, livestock mixed

The Associated Press  |  Posted   Mar 1st - 1:53pm

Grain futures were higher Wednesday on the Chicago Board of Trade.

Grain higher, livestock mixed

The Associated Press  |  Posted   Mar 1st - 1:50pm

Grain futures were higher Wednesday on the Chicago Board of Trade.

Mixed close

The Associated Press  |  Posted   Mar 1st - 1:50pm

The March gold contract on the New York Mercantile Exchange closed today at $1,248.90 an ounce, down $3.70.

McDonald's lays out plan it hopes can reverse drop in visits

Candice Choi, Associated Press  |  Posted   Mar 1st - 1:22pm

McDonald's acknowledged on Wednesday that it lost 500 million customer transactions in the U.S. since 2012 and laid out its plans to get more people back into its restaurants — including by letting them order and pay on their mobile phones by the end of the year.

Argentina prosecutor launches probe into Macri over Avianca

The Associated Press  |  Posted   Mar 1st - 1:22pm

A prosecutor in Argentina asked a judge on Wednesday to open an investigation into allegations President Mauricio Macri improperly granted routes to Colombia's Avianca airlines, which recently purchased a company from his family.

Chain reviewing dress policy after flap with veterans group

The Associated Press  |  Posted   Mar 1st - 1:04pm

An executive from a Texas-based restaurant chain plans to meet with American Legion groups in Michigan and discuss dress code policy changes after some group members were told they weren't permitted to wear their affiliated jackets.

Lawmaker says Trump infrastructure plan not all gov't money

Joan Lowy, Associated Press  |  Posted   Mar 1st - 12:46pm

President Donald Trump's $1 trillion infrastructure plan will likely include private projects like pipelines that don't involve federal money but have been hindered by a lack of government permits or regulations, according to a key Republican lawmaker.

Fed survey finds economy growing at moderate pace

Martin Crutsinger, Associated Press  |  Posted   Mar 1st - 12:26pm

The Federal Reserve said Wednesday that the U.S. economy has been growing at a moderate pace, helped by sustained gains in consumer spending.

February deals convince buyers to go for pickups, SUVs

Dee-Ann Durbin, Associated Press  |  Posted   Mar 1st - 12:04pm

Lured by Presidents Day deals, U.S. buyers snapped up pickups and SUVs in February, brightening what is usually a lackluster month for the auto industry.

Puerto Rico governor wants fewer austerity measures

Danica Coto, Associated Press  |  Posted   Mar 1st - 12:04pm

Puerto Rico's governor submitted an austerity plan made public on Wednesday that would cut deeply into the U.S. territory's budget while avoiding some of the most painful measures recommended by a federal control board that is overseeing the island's effort to confront a debt crisis that has led to repeated defaults.