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NEW YORK (AP) — Stocks declined across a broad front today, led by sharp drops in utilities and phone companies. U.S. government bond prices also slumped, and gold had its worse day in nearly three years. Investors are nervous about the timing and the pace of any increase in the super-low interest rates controlled by the Federal Reserve. The Dow Jones industrial average fell 85.40 points, or 0.5 percent, to 18,168.45. The S&P 500 fell 10.71 points and the Nasdaq composite fell 11.22 points.
SPRINGDALE, Ark. (AP) — Tyson Foods Inc. has agreed to pay $1.6 million to settle federal allegations of hiring discrimination at six plants in Arkansas, New Mexico and Texas. The U.S. Labor Department announced the settlement today after previously alleging that the Springdale, Arkansas-based company's hiring processes and selection procedures at the six plants discriminated on the basis of sex, race or ethnicity.
DETROIT (AP) — While the U.S. inched its way out of the Great Recession, consumers went car shopping in droves. As sales rebounded, the price of cars and trucks rose to record highs. Now, the price trend is set to reverse itself, partly because some buyers are unwilling or unable to pay the high prices and instead are opting for used cars.
ATLANTIC CITY, N.J. (AP) — A Philadelphia developer says he and billionaire investor Carl Icahn (EYE'-kahn) have resolved a legal restriction allowing the former Showboat casino in Atlantic City, New Jersey, to operate as a non-casino hotel. Developer Bart Blatstein bought the former casino and reopened it this year as a stand-alone hotel. Icahn owns the Trump Taj Mahal casino next door. Blatstein tells The Associated Press that Icahn agreed to "a minor consideration" that doesn't involve payment in return for resolving the claim.
NEW YORK (AP) — American Express is announcing a major enhancement to its widely-used Platinum Card this week, allowing card members to earn five Membership Reward points per dollar spent on airlines. A spokeswoman says that as of Thursday, AmEx Platinum Card users will earn five points for every dollar spent directly with airlines or on AmEx's travel website. That compares to the current one point per dollar earned on airfare. The company wanted to improve the program ahead of the busy holiday travel season.
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