News / 

Stocks lower...Number of sickened students jumps...42 California government entities sue wireless companies

By The Associated Press | Posted - Dec. 8, 2015 at 12:11 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks are lower on heavy selling in raw material and energy companies as the price of oil stabilizes near seven-year lows. The Dow was down 145 points to 17,586 as of 1:10 p.m. Eastern time. It was down 245 earlier. The S&P 500 gave up 12 points to 2,065. The Nasdaq composite slipped five to 5,096. U.S. crude slipped eight cents to $37.33 a barrel in New York.

WASHINGTON (AP) — More evidence the U.S. job market is slowly improving. Employers advertised fewer jobs in October, though overall hiring picked up and the number of people quitting their job rose slightly. The Labor Department says the number of job postings fell 2.7 percent last month to a still-healthy 5.4 million.

LONDON (AP) — Concerns over the global mining industry are rising on the heels of London-based Anglo American's announcement that it'll shed more than 60 percent of its workforce. The loss of 85,000 employees is part of a radical restructuring meant to cope with commodity prices that have been tumbling due to lower demand from China. Analysts say China accounts for as much as 50 percent of global commodity demand.

BOSTON (AP) — Boston College says the number of students reporting gastro-intestinal symptoms after eating at a Chipotle this weekend has climbed to 80. Previously, 30 students were reported to have gotten sick. Shares of Chipotle have fallen 3 percent on the report. The company says it thinks the illnesses are the result of norovirus, not a multi-state outbreak of E. coli linked to its restaurants.

SACRAMENTO, Calif. (AP) — More than 40 California government entities that include the University of California and Sacramento and L.A. counties have joined a lawsuit against four giant wireless companies. The suit alleges that Verizon, AT&T, Sprint and T-Mobile overcharged government customers by more than $100 million. The companies are accused of ignoring two cost-saving requirements included in their contracts -- requiring the carriers to point out which rate plans would cost less and to provide wireless services at that cost.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast