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 Information in the story may be outdated or superseded by additional information.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 slid today as investors continued to sell phone company and utility shares. Energy companies rose with the price of oil, but stocks have been locked in an up-and-down pattern for more than a week. The Dow Jones industrial average lost 84.03 points, or 0.5 percent, to 18,552.02. The Standard & Poor's 500 index slid 12 points and the Nasdaq composite fell 34.90 points. Stocks have been setting records recently, but it's been more than a week since they rose for two days in a row.
WASHINGTON (AP) — The Obama administration says it's continuing to address global warming by adopting previously announced standards to make large trucks, buses and other heavy-duty vehicles more fuel efficient. These vehicles account for more than one-fifth of transportation-related fuel consumption and the emission of greenhouse gases that are blamed for harming the environment.
WASHINGTON (AP) — Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest pace in six months. The rate of overall construction rose 2.1 percent to a seasonally adjusted annual rate of 1.21 million from 1.19 million in June. The Commerce Department says that was the highest level since February.
HAVANA (AP) — Cuba's ruling Communist Party has released a new set of economic guidelines that emphasize the slow-moving and limited nature of the country's reforms amid a sharp national economic downturn.
The guidelines, according to the party, "recognize the objective existence of market relationships," but they also re-state Cuba's commitment to a centrally planned economy. The 274 rules say concentration of property and wealth will not be permitted and promise to advance internet service only "gradually, according to our economic possibilities," in one of the world's least-connected nations.
NEW YORK (AP) — The reopening — and reinvention — of the World Trade Center mall today reflects how much lower Manhattan has changed since the 9/11 attacks. Once a scene of massive destruction, the area is now a vibrant one of office towers and upscale hotels, with three times the number of residents as before the attacks, weekday employees in industries beyond Wall Street, and millions of tourists visiting every year.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
