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NEW YORK (AP) — Stocks are slightly higher in afternoon trading as investors respond to some positive economic data from the government and a series of big merger announcements. Traders also continue to watch the day-to-day developments of the presidential election. The Dow was up 10 points as of 1:34 p.m. Eastern. The S&P 500 was up 3 points and the Nasdaq was up 6.
NEW YORK (AP) — Investors have two heavyweight events on the economic front this week: a meeting of the Federal Reserve and the October jobs report. It's widely expected that the Fed's policymakers will not raise interest rates so close to the election and will wait until the December meeting to raise rates. But any economic observations from the bank will be important to investors. The jobs report will be the last major piece of economic data out before the Nov. 8 election.
NEW YORK (AP) — Shares of GE are up slightly following the company's announcement that it will merge its oil and gas division with oilfield-services company Baker Hughes. GE shares were up a fraction of a percent in afternoon trading. Baker Hughes was down more than 3 percent. The merger creates a new company with $32 billion in yearly revenue.
DETROIT (AP) — All 16,000 Volvo heavy trucks that were recalled earlier this year for a dangerous steering problem have been repaired. The National Highway Traffic Safety Administration says it's a rare 100 percent completion rate for a recall. Most only get to 70 percent completion 18 months after they start. Volvo began recalling the trucks in February.
NEW YORK (AP) — After three decades of fielding phone calls from Thanksgiving cooks, Butterball will let people text in questions for the first time this season. The turkey brand will start to take text message questions on Nov. 17 and continue through Thanksgiving Day. And though the way people ask questions may be changing, Butterball expects the most-asked question to remain the same: How long does it take to thaw the turkey?
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