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NEW YORK (AP) — Gains for blue-chip banking and energy stocks are pushing the Dow Jones industrial average higher today, while broader market indexes slip. Oil prices continue to rally, reaching their highest level since mid-October. But technology companies are plunging and on are track for their biggest loss in two months. High-dividend stocks are also trading lower as bond yields rise.
INDIANAPOLIS (AP) — President-elect Donald Trump is visiting Indiana to celebrate an agreement he says will save hundreds of jobs. Trump will tour Carrier's Indianapolis plant with Vice President-elect Mike Pence, the outgoing governor of Indiana, then talk about the deal they reached to keep the company from closing the plant and moving production to Mexico.
BILLINGS, Mont. (AP) — U.S. government officials have overhauled how they plan for oil and gas drilling, mining, grazing and other activities across public lands in the West. Bureau of Land Management Deputy Director Linda Lance tells The Associated Press that the move increases public involvement in land-use plans that dictate development across almost 250 million acres in 12 Western states and the Dakotas. Some members of Congress, industry groups and local officials have criticized the overhaul. They say it prioritizes preservation above energy development and shifts decision-making to Washington.
ORLANDO, Fla. (AP) — The largest U.S. solar panel installer is moving into Florida's residential market after voters last month rejected a utility-backed ballot measure that critics said would make going solar more expensive. Tesla Motors subsidiary SolarCity says it's opening an operations center near Orlando and plans to spread into other areas of Florida. SolarCity installs custom solar systems that it leases to homeowners, and also maintains and repairs them.
DETROIT (AP) — A burst of November buying is pulling auto sales out of a recent slump. General Motors' sales jumped 10 percent over last November. Ford's were up 5 percent and Toyota's rose 4 percent. Honda's sales were up 6.5 percent and Nissan's sales rose 7.5 percent. Even Volkswagen, which has struggled all year because of its diesel cheating scandal, saw sales rise 24 percent. Fiat Chrysler bucked the trend, with sales falling 14 percent as it made big cuts in sales to rental car companies.
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