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NEW YORK (AP) — A slump in crude oil prices and other commodities weighed on stocks in afternoon trading. Energy companies were among the biggest decliners as the price of crude oil sank to the lowest level in more than a decade. Investors also weighed the implications of another drop in China's stock market.
NEW YORK (AP) — The Dow Jones industrial average lost 81 points to 16,260 as of 1:45 p.m. Eastern time. The Standard & Poor's 500 index shed 16 points to 1,905. The Nasdaq composite fell 57 points to 4,586. The market losses come after U.S. stocks posted their worst week in more than four years.
NEW YORK (AP) — A civil trial has begun in New York to test the boundaries of hundreds of claims remaining against General Motors over faulty ignition switches. The trial is focusing on an Oklahoma crash that injured a driver. It's the first of six trials scheduled over the next year to narrow legal issues in lawsuits affecting over 1,000 people.
BILLINGS, Mont. (AP) — A central Montana coal mine that cut about 20 percent of its workforce last month has reached an agreement with environmentalists and state regulators that's intended to avoid a major shutdown. Today's deal involving the Bull Mountain Mine comes as a declining coal market leaves the future of some mining companies in doubt.
WASHINGTON (AP) — The Supreme Court appears ready to deal a major blow to the clout of organized labor. It's considering the free speech rights of government workers who say they shouldn't be forced to pay fees to public-sector unions. During arguments, the high court's conservative justices seemed inclined to overrule a four-decade-old precedent that allows public-sector unions to collect mandatory fees from non-members to cover collective bargaining costs.
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