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Stocks mostly lower after Fed chair's remarks...Oil prices move upward... 4 US airlines fined



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NEW YORK (AP) — Federal Reserve Chair Janet Yellen says the case has strengthened for raising interest rates above the current super-low levels, but she's not giving a timetable for an increase. Stocks ended mostly lower after Yellen's bullish speech on the economy Friday. The S&P 500 slipped 3 points to 2,169. The Dow fell 53 points to 18,395. But the Nasdaq rose nearly 7 points to 5,218.

NEW YORK (AP) — Oil prices are edging upward. Benchmark U.S. crude rose 31 cents yesterday to close at $47.64 a barrel in New York. Meanwhile, Brent crude, used to price oil internationally, rose 25 cents to close at $49.92 a barrel in London.

WASHINGTON (AP) — The government is fining four airlines for failing to have accurate notices explaining compensation for passengers who are bumped from flights or whose baggage is damaged or lost. The Department of Transportation says it has fined American Airlines $45,000, Southwest Airlines and Alaska Airlines $40,000 each, and United Airlines $35,000.

SAN FRANCISCO (AP) — Facebook is taking new steps to reduce the role of human judgment in its "Trending Topics" feature, which drew controversy earlier this year over claims the service was suppressing conservative views. Facebook says topics are selected by an algorithm that considers how often users post or share articles. Editors will still vet the list, but Facebook says the feature will no longer include headlines or summaries written by editors.

NEW YORK (AP) — A federal appeals court has ruled New York City can track taxi drivers by using their cabs' GPS systems. The court ruled Friday in the case of a driver who filed a 2013 lawsuit charging the tracking system violated his Fourth Amendment protection against unreasonable search and seizure. He was among the drivers targeted in a 2010 crackdown on those who were overcharging passengers.

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The Associated Press

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