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NEW YORK (AP) — Stocks are holding on to slight gains in afternoon trading on Wall Street. On a light day for economic data, investors are focusing on individual stocks in the news. CarMax shares vaulted after the auto dealership operator reported strong quarterly earnings growth, while Darden and Oracle slumped.
NEW YORK (AP) — RadioShack's stock is trading below $1 per share for the first time in its history. Its shares shed 10 cents in afternoon trading, to 93 cents. The New York Stock Exchange could delist the stock if it closes below $1 per share for 30 consecutive trading days. Its all-time high was $79.50 in December 1999. RadioShack has had trouble finding its place in the evolving and technology landscape.
NEW YORK (AP) — Apple is likely to launch a computerized wristwatch this fall that includes more than 10 sensors to take health measurements and other data, according to a published report. The Wall Street Journal also says Apple is planning multiple screen sizes for the device, which some people have dubbed the iWatch. Samsung, Sony, Qualcomm and others have already released smartwatches, and there's been longstanding speculation that Apple is working on one. The main question has been when it would come out.
WASHINGTON (AP) — The Labor Department says unemployment fell in 20 states last month and nearly three-quarters of the states added jobs. Unemployment rates rose in 16 states and were unchanged in 14 states. Meanwhile, hiring rose in 36 states and declined in 14. The biggest drops in unemployment rates occurred in Illinois and Massachusetts, while Georgia reported the largest increase. Nationwide, employers added 217,000 jobs in May, the fourth straight month of gains above 200,000.
NEW YORK (AP) — Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting next week. The Seattle-based coffee chain says the price increases will kick in Tuesday and vary depending on the region. Customers can also expect to pay $1 more soon for the packaged coffee it sells in supermarkets.
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