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NEW YORK (AP) — Stocks are edging lower in afternoon trading on Wall Street as investors sift through a handful of earnings reports. Drug company Mylan rose after two days of steep drops in the face of heated criticism over price hikes for its EpiPen emergency allergy treatment. Signet Jewelers and Dollar General fell after the retailers reported quarterly results that disappointed investors.
PARIS (AP) — Apple is issuing a security update after powerful espionage software was found targeting an activist's iPhone in the Middle East. Computer forensics experts tell The Associated Press the spyware takes advantage of three previously undisclosed weaknesses in Apple's mobile operating system to take complete control of iPhone handsets. Two reports published today by the San Francisco-based Lookout and internet watchdog group Citizen Lab outline how the spyware could compromise an iPhone with the tap of a finger. Apple says it fixed the vulnerability immediately after learning about it.
LOS ANGELES (AP) — U.S. Immigration and Customs Enforcement and Homeland Security investigators are looking into the hack of actress-comedian Leslie Jones' website. ICE says its New York office is investigating after hackers exposed personal information and intimate photos of the "Saturday Night Live" star and posted hateful and racist images The "Ghostbusters" actress was also targeted on Twitter last month with a barrage of racial slurs and obscene photos.
SAN FRANCISCO (AP) — Volkswagen has reached a tentative deal with its U.S. dealers to compensate them for losses they said they suffered as a result of the company's emissions cheating scandal. Attorneys for Volkswagen and the roughly 650 dealers announced the deal at a court hearing today in San Francisco. The value of the settlement wasn't disclosed, but Volkswagen said in a statement later that it would include cash payments. U.S. District Court Judge Charles Breyer gave the attorneys until the end of September to submit a final proposal. The deal would require Breyer's approval.
NEW YORK (AP) — Amazon is starting a site offering research, reviews and other information on new and used cars. The latest venture by the e-commerce powerhouse will compete with established players in the field including CarSoup.com, Edmunds.com, truecar.com and cars.com. Amazon Vehicles won't sell cars. But in addition to car specifications, images, videos and customer reviews, the new site will let customers ask each other questions about cars. Amazon.com Inc. already sells car parts and accessories in its Amazon Automotive store.
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