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NEW YORK (AP) — Stocks are broadly lower in afternoon trading on Wall Street, led by declines in banks and technology companies. Stocks are on track for their third drop in four days. All 10 industrial sectors of the S&P 500 are lower. Oil prices are inching lower after a 5-percent jump yesterday.
WASHINGTON (AP) — FBI Director James Comey (KOH'-mee) says discussions are continuing about whether to share details with Apple about how the bureau hacked an iPhone in a terrorism investigation. Comey says the FBI purchased the tool from an "outside party" and is confident it will be protected and used lawfully and appropriately. He says the tool only works on the iPhone 5C running version 9 of Apple's mobile operating system.
MIAMI (AP) — Authorities say 22 people are being charged in an international money-laundering case that funneled cash to drug trafficking cartels through Miami-based businesses. The businesses are mainly involved in the South American electronics export trade. The charges are mostly against the illicit money couriers working for Colombian and Mexican cartels trying to get U.S. drug-profit dollars converted into pesos they can use. No business owners were charged.
PHILADELPHIA (AP) — The head of a payday lending enterprise accused of charging as much as 700 percent interest on short-term loans has been indicted on federal racketeering charges in Philadelphia. Prosecutors say Villanova resident Charles M. Hallinan led a group that preyed on customers as they took in revenues of nearly $700 million from 2008 to 2013. The indictment unsealed today says Hallinan operated under names that included Easy Cash, My Payday Advance and Instant Cash USA.
SAVANNAH, Ga. (AP) — A former peanut company executive serving a 28-year prison sentence won't have to pay money to victims of a deadly salmonella outbreak linked to his Georgia plant. A federal judge has spared former Peanut Corporation of America owner Stewart Parnell and three co-defendants from paying restitution to corporate customers and the families of hundreds who got sick after eating tainted peanut butter. The outbreak was blamed for nine deaths.
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