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Stocks fall...DOT orders safety steps for oil trains...Apple Watch not yet available in stores


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NEW YORK (AP) — Stocks are tumbling on Wall Street following steep declines in Europe. Investors are worrying that Greece may default on its debt. Several big U.S. companies including American Express fell after reporting disappointing results. The Dow Jones industrial average has been down more than 300 points in afternoon trading.

WASHINGTON (AP) — Federal transportation officials have announced a series of steps to improve the safety of trains hauling crude oil and other flammable liquids. One is an emergency order limiting train speeds to no more than 40 mph in "high impact" urban areas. Another is a warning to railroads to use the latest technology to check for flaws in train wheels. There have been dozens of fiery crashes over past decade involving trains hauling oil and ethanol in the U.S. and Canada.

WASHINGTON (AP) — The Obama administration is taking the first step toward a possible increase in the fees charged for oil and gas companies to drill on federal lands. The Bureau of Land Management is seeking public comments on proposed regulations that would give the government more flexibility to set fees. Government auditors have consistently questioned whether the public is getting a fair return from the 12.5 percent royalty now being charged.

NEW YORK (AP) — Verizon is giving its customers more control over the channels they pay for as cord cutting reshapes cable TV. Verizon's FiOS Custom TV, available Sunday, gives customers the option to buy a $55 base package with more than 35 channels plus two additional themed channel packs. Customers can add more channel packs for $10 each. They may also swap out channel packs after 30 days.

SAN FRANCISCO (AP) — If you're planning on buying the new Apple Watch, don't expect to walk into a store and leave with one next week. Apple is telling stores that the watch will continue to be sold only online for at least the next several weeks. Apple began accepting advance orders for the watch last week and had previously said it would be available for sale in stores on April 24.

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