Estimated read time: 2-3 minutes
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 Information in the story may be outdated or superseded by additional information.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) — U.S. stocks are rebounding from yesterday's steep losses as energy companies climb along with the price of crude oil. Exxon Mobil and Chevron each jumped about 5 percent, by far the largest gains in the Dow Jones industrial average. The Dow has been up more than 250 points in afternoon trading. The gains come a day after the market had its worst drop since September.
WASHINGTON (AP) — America's most influential business lobby says American businesses are facing numerous risks and few upsides as they enter 2016. United States Chamber of Commerce head Thomas Donohue says companies face regulatory overreach, the threat of terrorism and war overseas, and cyber theft. Donohue says the presidential primaries are also a concern, with Democrats calling for more spending and taxes and some Republicans attacking groups of people based on their ethnicity.
CINCINNATI (AP) — A federal judge in Ohio has approved class-action status for a tea party group's lawsuit against the IRS. The Cincinnati Enquirer says that means other affected groups across the country can join the case. The NorCal Tea Party Patriots sued the IRS, along with workers and officials in Cincinnati and Washington, after it was revealed in 2013 that the IRS delayed approving tax-exempt status for conservative groups.
ALBUQUERQUE, N.M. (AP) — New Mexico officials say they plan to sue the federal government, the state of Colorado and the owners of two Colorado mines that were the source of a massive spill that contaminated rivers in three Western states. An Environmental Protection Agency cleanup crew accidentally unleashed millions of gallons of contaminated wastewater in August at the inactive Gold King mine.
LOS ANGELES (AP) — David Bowie's death has led to a single-day record for video views on Vevo. The music video service owned by Universal and Sony says views of Bowie videos hit 51 million on Monday, the day after he died at age 69. That broke the record held by Adele, whose videos had 36 million views when her song "Hello" debuted on Oct. 23. Vevo hosts more than 60 Bowie videos. The most-watched video on Monday was "Lazarus," from his last album, which had 11.1 million views.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
