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NEW YORK (AP) — Major stock indexes are creeping higher in early trading on Wall Street as the market comes off a huge two-day rally. After rising more than 700 points in two days, the Dow Jones industrial average was up another 30 points after an hour of trading today.
CHICAGO (AP) — The average price for a gallon of gas has fallen below the $2.50 mark for the first time in about five years. Oil analyst Patrick DeHaan of GasBuddy.com says the price of gas has dropped 41 cents over the last month with the average now at $2.46 a gallon. GasBuddy.com says Texas has the lowest gas price with a station in Keller selling fuel for $1.69.
WASHINGTON (AP) — The Labor Department says unemployment rates fell in 41 U.S. states in November and were unchanged in six more. Jobless rates rose in only three states: Connecticut, Louisiana and Washington. North Dakota's 2.7 percent unemployment rate was lowest in the nation. Mississippi's 7.3 percent rate was the highest. The biggest job gains occurred in California, which added 90,100 jobs in November.
DETROIT (AP) — Chrysler is recalling nearly 257,000 older Ram pickup trucks because the rear axle can seize up or the drive shaft can fall off. The recall covers Ram 1500 pickups from the 2005 model year. The recall comes after an investigation by the National Highway Traffic Safety Administration, which found 15 complaints, including seven drivers who reported that the wheels locked at speeds over 50 miles per hour.
BANGKOK (AP) — Bumble Bee Seafoods, a major seller of canned tuna in the U.S., is being acquired by a company in Thailand. Thai Union Frozen Products says it's purchasing Bumble Bee for $1.5 billion, and says the sale should be completed by the second half of 2015. The Thai company already owns U.S. tuna provider Chicken of the Sea.
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