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NEW YORK (AP) — Stock prices are higher in morning trading. Should they finish that way, it would be the market's third gain in a row. Global stock markets have followed Wall Street's lead higher. Yesterday, the market rallied on expectations that a disappointing March jobs report will persuade the Federal Reserve to put off an interest rate hike. Meanwhile, oil prices are flat this morning after a $3 gain yesterday. Benchmark U.S. crude is trading just above $52 a barrel in New York.
NEW YORK (AP) — Business travelers are increasingly using ride-hailing services like Uber rather than traditional taxis. A new report by expense management system provider Certify shows that 47 percent of the ground transportation rides by its users in March were through Uber. That's more than triple the 14 percent of rides that Uber had just over a year ago.
UNDATED (AP) — Warren Buffett's Berkshire Hathaway will pay $560 million for a 10 percent stake in Axalta Coating Systems. Axalta makes high performance coating systems for use on vehicles and in industrial markets. It has seen its stock rise more than 36 percent since it went public last fall.
ATHENS, Greece (AP) — Greece's defense minister says Athens has obtained what he describes as "stunning evidence" to support its massive claims for World War II reparations from Germany. The minister says records held by the U.S. military document the extent of damage to public and private property during the Nazi occupation. A deputy finance minister has put Greek claims at more than $300 billion. Greece is currently in tough negotiations with creditors over its bailout program, delaying the disbursement of nearly $8 billion in aid.
NEW YORK (AP) — Barneys says in court papers that a black customer's lawsuit should be dismissed because his civil rights were not violated when he was detained by police after buying a $349 designer belt. Trayon Christian charges he was the victim of racial profiling when police detained him for two hours on suspicion of credit card fraud. He was never charged. Christian's allegations led to an overhaul of Barneys' practices. But of the lawsuit, the retailer says "simply providing information to the police" does not make it liable for false arrest.
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