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NEW YORK (AP) — Stocks have closed mostly lower today, with traders weighing weak retail sales data and some corporate earnings and deal. But losses were modest. The Dow dropped less than 8 points to close at 18,060. The S&P 500 less than a point to 2,098. Technology stocks rose, sending the Nasdaq higher. It gained 5 and a-half points to finish at 4,981.69.
PHILADELPHIA (AP) - A National Transportation Safety Board member says the engineer of an Amtrak train that derailed in Philadelphia applied the emergency brakes moments before the crash. Robert Sumwalt says the train was traveling at 106 mph when the engineer hit the brakes last night. The derailment took place as the train entered a curve where the speed limit is 50 mph. The speed limit on the track just prior to the curve is 70 mph. The accident has closed the rail corridor between New York and Washington.
ST. LOUIS (AP) - Cereal maker Post Holdings says the Midwest's deadly bird flu outbreak is affecting roughly 20 percent of its egg supply. The outbreak has led to the loss of more than 32 million turkeys and chickens. More than 26 million of those were egg-laying chickens from Iowa flocks. Neighboring Nebraska reported its first case of bird flu Tuesday, affecting 1.7 million egg-laying chickens. In its quarter earnings report last week, Post estimated the impact at about $20 million through the end of September.
CHARLESTON, W.Va. (AP) - A judge has rejected a $6.7 million bankruptcy plan by the company behind a January 2014 chemical spill in West Virginia. In a federal bankruptcy court filing today, Judge Ronald Pearson said Freedom Industries and state environmental regulators haven't agreed on cleanup terms at the Charleston spill site. Pearson ordered Freedom to comply with state cleanup orders.
NEW YORK (AP) - One of the nation's biggest green roofs is taking shape atop Brooklyn's Barclays Center. Cranes are hoisting tons of steel beams and decking that will provide the base for an urban prairie in the sky. Some sections of green are already sprouting on the 3-acre curving rooftop and is expected complete by the end of September. Planners say the grasses, flowers and plants on the roof will dampen noise from loud concerts and games, and capture about 2 million gallons of stormwater.
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