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NEW YORK (AP) — Stocks are slightly higher in early Wall Street trading as investors size up the latest company earnings. Energy stocks are leading the gainers as oil prices head higher, while consumer-focused companies lag the most.
WASHINGTON (AP) — Homebuilders have pulled back on construction for a second straight month. The Commerce Department says construction tumbled 9 percent in September after falling 5.6 percent in August. The weakness last month reflected a 38 percent drop in construction of apartments, which overshadowed an 8.1 percent rise in single-family construction. Building activity was weak in all parts of the country except the Midwest.
DETROIT (AP) — Fiat Chrysler is recalling more than 200,000 Jeep Wrangler SUVs in the U.S. and Canada because the air bags may not inflate in a crash. The recall covers certain 2016 and 2017 Wranglers. The company says in government documents that wiring to a sensor can come loose, cutting off signals to an air bag computer. If that happens, the seat belt pretensioners won't work and the air bags won't deploy. The company says the problem was discovered during crash tests and hasn't caused any accidents or injuries.
SACRAMENTO, Calif. (AP) — Members of the public will get a chance to tell California regulators what they think about proposed regulations that would — eventually — permit self-driving cars that lack a steering wheel or pedals on public roads. The California Department of Motor Vehicles is hosting the hearing today in the state Capitol. The proposed regulations would govern how everyday people can get and use the cars once companies believe they are ready to be used by the public.
NEW YORK (AP) — Morgan Stanley's earnings soared 62 percent in the third quarter thanks to big gains in bond trading. The New York-based investment bank earned $1.52 billion after payments to preferred shareholders, up from $939 million in the same period a year earlier. Earnings per share, excluding an accounting adjustment, were 81 cents versus 34 cents a year earlier. The results beat analysts' expectations.
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