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NEW YORK (AP) — U.S. stocks drifted mostly lower in afternoon trading as another slide in crude oil prices dragged down energy stocks. Health care and technology companies posted gains. The Dow Jones industrial average lost 18 points to 16,381 as of 2:05 p.m. Eastern Time. The S&P slipped two points to 1,921. The Nasdaq composite climbed two points to 4,639.
LOS ANGELES (AP) — California air quality regulators are rejecting Volkswagen's recall plan to fix vehicles including the Beetle and Jetta that were programmed to trick government emissions tests. The California Air Resources Board says the plan did not meet its standards and was "unacceptable." The company's recall plan for 2.0-liter diesel engines covers 500,000 vehicles.
NEW YORK (AP) — The first federal trial is underway in New York resulting from hundreds of lawsuits brought against General Motors after faulty ignition switches led to massive recalls. An attorney told jurors an Oklahoma man injured in 2014 is representative of hundreds of other people harmed by GM's actions. A GM attorney said the automaker will prove the accident was not caused by a defective ignition switch.
BILLINGS, Mont. (AP) — An appeals court says a one-time billionaire blamed for driving a posh Montana resort into bankruptcy will stay in jail while a judge tries to force him to reveal what happened to his fortune. The 9th U.S. Circuit Court of Appeals ruled almost nine months after the federal judge sent Yellowstone Club founder Tim Blixseth to a county jail for contempt of court.
NEW YORK (AP) — Fast food is becoming a dirty term. As smaller players challenge fast-food chains like McDonald's and Burger King, they're fighting to set themselves apart by describing their food as "fast-casual," ''fine casual," ''fast crafted" and even "fan food." That's even though they follow the same basic format: People standing in a line to order and pay a cashier for their food.
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