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NEW YORK (AP) — Stocks are closing lower on renewed concerns about economic growth in Europe and China. The Dow lost 140 points to 17,751. The S&P 500 lost 18 points to 2,063 and the Nasdaq lost 54 points to 4,763. The selling started in Asia, when a Chinese purchasing managers' index for manufacturing declined. Concerns were compounded after European officials trimmed their economic growth forecasts for the 19 countries that share the euro currency. In energy, benchmark U.S. crude oil lost $1.13 to close at $43.65 a barrel.
NEW YORK (AP) — Health care data company IMS Health and Quintiles, which helps drug companies with clinical trial research, say they are merging in an all-stock deal worth nearly $9 billion. The combined company will be called Quintiles IMS Holdings Inc. and will have a market value of nearly $18 billion, based on the companies' stock prices Monday.
DETROIT (AP) — Fiat Chrysler and Google will work together to more than double the size of Google's self-driving vehicle fleet by adding 100 Chrysler Pacifica minivans. The companies say that Chrysler engineers will work with Google to install sensors and software so the vans can drive themselves. The added vehicles are needed as Google expands real-world testing.
DETROIT (AP) — U.S. safety regulators have closed an investigation into power brake assist failures in Ford F-150 pickup trucks without seeking a recall. The National Highway Traffic Safety Administration says an analysis of complaints and testing showed that even in worst-case situations, the trucks can be stopped with a moderate increase in brake pedal pressure. In June, the agency began investigating about 250,000 pickups from 2011 and 2012 after finding seven crashes and 466 consumer complaints.
NEW YORK (AP) — Target is facing increasing criticism for its transgender bathroom and dressing room policy. The retailer recently said customers and employees could use the restroom or fitting room that "corresponds to their gender identity" in response to a national debate over the issue. One online petition started by a conservative group called The American Family Association calls for a boycott of Target stores. The group says more than 1.1 million people signed up.
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