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Stocks reach new records ... Berkshire takes bigger bite of Apple ... Foreign holdings up



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NEW YORK (AP) — Stocks have reached fresh records thanks to gains in chemical, machinery and energy companies. The Dow industrials climbed 60 points to 18,636. The S&P rose 6 points to 2,190. And the Nasdaq added 29 points to 5,262. The price of oil continued its recent recovery, with U.S. crude jumping $1.2 to $45.74 a barrel.

OMAHA, Neb. (AP) — Warren Buffett's company is taking an even bigger bite of Apple stock. Berkshire Hathaway has filed an update with regulators on its roughly $130 billion U.S. stock portfolio. Berkshire says it held 15.2 million Apple shares at the end of June, up from the 9.8 million share stake it first disclosed in the spring.

DETROIT (AP) — Audi is introducing an industry-first system that tells drivers how long it will take for a traffic light to change from red to green. The system wirelessly links vehicles to traffic-management computers in certain U.S. cities. Audi is finalizing contracts and says it will announce the cities soon.

WASHINGTON (AP) — Foreign holdings of U.S. Treasury securities rose in June after falling in the two previous months. The Treasury Department says that total foreign holdings climbed 1.1 percent in June to $6.28 trillion after declining 0.5 percent in May and 0.8 percent in April. Japan, the second-biggest foreign owner of Treasury securities, increased its holdings by 1.3 percent. That helped offset a reduction by China, the top foreign owner of Treasury debt, which trimmed its holdings in June by 0.3 percent.

NEW SHOREHAM, R.I. (AP) — Construction on the nation's first offshore wind farm is in its final phases. Deepwater Wind's five-turbine wind farm off Rhode Island is expected to be making electricity this fall. Crews at the site are working on the fourth turbine this week. The $300 million project is expected to power about 17,000 homes.

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The Associated Press

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