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Stocks edge lower...AT&T boosts forecast...Visa seal of approval coming


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NEW YORK (AP) — Stocks are slightly lower this afternoon, after the S&P 500 and the Dow again set record highs yesterday. Hillshire Brands is one of today's big gainers. The deli meat and hotdog maker is up 9 percent with a bidding war for the company heating up. Tyson Foods and Pilgrim's Pride are competing to buy Hillshire.

NEW YORK (AP) — AT&T is boosting its full-year revenue forecast citing strong wireless trends. The company says it expects a net addition of more than 800,000 in "post-paid" plans in the second quarter. Those are high-value customers who have contracts or long-term installment plans. AT&T says it's anticipating a revenue increase in "the 5 percent range," a percentage point higher than it forecast in April.

PITTSBURGH (AP) — A federal judge has issued a court order that lets the Justice Department continue to intercept information from computers known to be infected with a data-stealing virus. Hackers allegedly led by a 30-year-old Russian man are believed to have infected 350,000 computers with two types of malicious software. One captures bank information and has been used to drain millions of dollars from accounts. The other locks computer files until ransom payments are made. Justice attorneys say their goal is to let computer-owners know they've been infected.

NEW YORK (AP) — Visa wants to make it easier for people to spot a cheaper prepaid card. The payment processor says it will label cards that meet a new set of standards, including a flat monthly fee and no hidden charges. Companies that issue Visa prepaid cards will have to apply for the new seal of approval. Critics say pre-paid cards aren't always clear about their charges.

NEW YORK (AP) — Pizza chain Sbarro says it has exited bankruptcy protection. The company says it will move its headquarters to Columbus, Ohio, to reduce expenses. About 40 jobs at its old headquarters in Melville, New York, will be eliminated. Its other 2,700 employees nationwide won't be affected. The move also puts Sbarro's headquarters closer to its new Pizza Cucinova business, which lets people build their own pizzas.

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