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NEW YORK (AP) — Stocks are mixed Friday as trading remains quiet heading into the Christmas holiday weekend. Major indexes are little changed. Consumer-focused companies like retailers are falling again and health care stocks are making small gains.
NEW YORK (AP) — Shares in Boeing and Lockheed Martin have recovered after falling in early trading today. This, a day after a tweet from Donald Trump appeared to pit the two defense industry giants against each other to lower prices for government contracts. It's the latest targeted jab from Trump at U.S. corporations that may have led to volatile trading.
BILLINGS, Mont. (AP) — A spokeswoman says the nation's largest railroad has addressed more than 800 potential safety violations found by federal railroad inspectors on lines used to haul crude oil and other hazardous materials. Union Pacific Railroad and the Federal Railroad Administration confirmed today that they'd reached an agreement intended to improve track safety by requiring more thorough inspections. In June, a Union Pacific train hauling tankers filled with North Dakota crude oil derailed in Oregon, sparking a massive fire.
NEW YORK (AP) — Upscale fashion company Carolina Herrera is suing rival Oscar de la Renta and a star designer in a New York City breach-of-contract case. Lawyers for Herrera asked a state Supreme Court judge in Manhattan this week to stop designer Laura Kim from working for its competitor. They also seek unspecified damages. Today, a judge lifted a temporary order that had barred Kim from working for de la Renta. Herrera's lawsuit claims Kim agreed to a six-month noncompete clause when she was hired. The suit claims Kim then went to work for de la Renta after resigning this summer.
NEW YORK (AP) — Fred's, a small regional drugstore chain from Memphis, Tennessee, has had a very good week. It all started Tuesday, when Fred's said it would pay $950 million to buy 865 stores that Rite Aid needed to sell in order to appease anti-trust regulators and close its buyout deal with Walgreens. The deal will more than double Fred's current store count of 650. Fred's stock has soared since, rising about 75 percent this week, its biggest one-week gain since its shares began trading nearly 25 years ago.
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