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NEW YORK (AP) — Stocks have closed mostly lower in light trading, led by declines in energy stocks as the price of crude oil sank. Halliburton and Transocean each lost 4 percent. The Nasdaq notched a small gain as biotech companies rose following the acquisition of pharmaceutical company Medivation, but other major indexes edged lower. The Dow fell 23 points. The S&P rose 6 points. Trading volume was very light, as it has been all month. The price of crude fell 3 percent to $47 a barrel.
MARION, Ind. (AP) — General Motors says it plans to spend about $90 million to update equipment at an Indiana factory that supplies many of the company's assembly plants. The new equipment for the Marion Metal Center will start being installed this year at the factory where it has some 1,400 workers. GM says the project is aimed at improving the production capability and flexibility of the 2.7 million-square-foot Marion factory campus, which dates to the 1950s.
NEW YORK (AP) — Endorsement deals for gold medal Olympic swimmer Ryan Lochte are drying up because he tried to pass off a drunken incident as an armed robbery in Rio de Janeiro. Among firms parting waves are Swimsuit company Speedo USA, clothing giant Ralph Lauren and skin-care firm Syneron-Candela. All issued statements less than three hours apart, all with the same message: Lochte is out.
NEW YORK (AP) — Retired NBA star Kobe Bryant is transitioning from jump shots to jump starting firms. Bryant, who retired last year, has announced the formation of a $100 million venture capital fund to invest in media, technology and data companies. He'll have a teammate, investor Jeff Stibel. Stibel says the firm is focused on companies at all stages of growth. According to Forbes, Bryant earned $680 million in salary and endorsements during his 18-year NBA career.
NEW YORK (AP) — Golden brown skin that smells sort of like chicken. KFC has given away 3,000 bottles of sunscreen that it said smelled like fried chicken to drum up buzz for its Extra Crispy chicken. The stunt is another way for KFC to promote its Extra Crispy fried chicken. In June, it hired always-tan actor George Hamilton to appear in commercials as Colonel Sanders. Several Associated Press reporters who tested the sunscreen said the smell did not immediately bring to mind chicken, however.
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