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US stocks slightly down ... Delta resumes limited flights ... Wal-Mart to buy Jet.com



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NEW YORK (AP) — Stocks are slightly down on Wall Street this morning, following Friday's record highs. At 10:40 a.m. Eastern Time, the Dow was down 18 points to 18,525, the S&P 500 was down 2 points to 2,181 and the Nasdaq was down 14 points, to 5,208.

NEW YORK (AP) — Delta Airlines has begun limited flights as it tries to resolve a computer shutdown that has affected its operations worldwide. The outage began overnight at a facility in Atlanta, and the meltdown spread throughout Delta. At the time, only flights already in the air were operating normally. Some boarding passes are being written by hand, and Delta says there are still delays and flight cancellations.

NEW YORK (AP) — Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com. Jet.com sells some 12 million products, from jeans to diapers, coming from more than 2,400 retailers. And it can offer same-day delivery at no additional cost. Wal-Mart is paying $3 billion in cash for Jet and another $300 million in stock.

VIENNA (AP) — OPEC says oil ministers of the 14-nation organization will meet in September, well ahead of a previously scheduled November meeting. OPEC says next month's meeting on the sidelines of the 15th International Energy Forum in Algeria, will be "informal." Still, it's unusual for OPEC countries to come together at the ministerial level outside of regularly set gatherings. The cost of a barrel of oil has been generally stuck between $40 and $50 a barrel for more than a year, less than half of what a barrel fetched three years ago.

LONDON (AP) — Hundreds of thousands of London commuters are facing disruptions during a five-day strike on one of Britain's most problem-plagued rail lines. Southern Rail workers walked off the job today over plans to remove conductors from trains. Mick Cash, the general-secretary of the Rail, Maritime and Transport Union, says the plan would mean "jobs and safety are compromised on these dangerously overcrowded trains." But train operator Govia Thameslink (tehmz link) says the strike is "completely unjustified."

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The Associated Press

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