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NEW YORK (AP) — The Dow Jones industrial average is closer than ever to the 20,000 mark, as U.S. stock indexes close in on all-time highs following a shaky start to the day. The Dow came within 10 points of the milestone during afternoon trading. Technology and industrial companies are making the biggest gains.
WASHINGTON (AP) — The Limited says it's closing all its brick-and-mortar stores at the end of the weekend. The women's apparel designer and retailer says it will operate online only after this Sunday. The Ohio-based company made the announcement just two days after Macy's said it would close 68 retail stores and cut more than 10,000 jobs. Sears also announced Thursday that it would close another 150 stores as clothing retailers continue to struggle to compete as consumers increasingly buy online.
LAS VEGAS (AP) — Samsung is releasing two mid-range devices as it returns to smartphone releases after the disastrous launch of the Galaxy Note 7. Samsung recalled the Note 7 phones after they started exploding and catching fire. The company says it has done a lot of tests and is confident with the new phones. The Galaxy A3 and A5 phones will come out in February. The Galaxy S8 isn't expected for a few more months.
DETROIT (AP) — Volkswagen will soon be able to repair some of its diesel cars so they meet U.S. emissions standards. The U.S. Environmental Protection Agency and the California Air Resources Board have approved a fix for a portion of the 475,000 Volkswagens and Audis that were programmed to cheat on U.S. emissions tests. The fix is for 2015 models of the Volkswagen Beetle, Golf, Jetta and Passat and the Audi A3. It's part of a $15 billion settlement approved by a federal judge in October.
NEW YORK (AP) — Starbucks will stop selling beer and wine at more than 400 U.S. stores next week as it ends its "evenings" program. The coffee chain says the "Starbucks Evenings" program will end Jan. 10 at 439 company-owned stores in the U.S. It says the program may continue in some of the stores where it is offered, or overseas. Starbucks says it will integrate beer and wine into its higher-end retail format, such as Roastery stores.
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