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Stocks gain...Airport strike...Battery rule

By The Associated Press | Posted - Mar. 13, 2017 at 4:40 a.m.



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TOKYO (AP) — International stock markets gained ground today after a strong U.S. jobs report helped Wall Street benchmarks end last week on a high note. Futures point to opening gains on Wall Street today. Benchmark U.S. crude oil fell below $48.50 a barrel. The dollar slipped against the yen and was flat against the euro.

BERLIN (AP) — Hundreds of flights at Berlin's two airports have been canceled as a result of the second strike in four days by ground staff. The strike by the ver.di union follows a similar all-day walkout on Friday. Ver.di argues the new strike is necessary because employers hadn't reacted to the previous strike and made a new offer in their wage dispute.

WASHINGTON (AP) — A now-stalled air safety rule is one of the casualties of President Donald Trump's order freezing publication of new regulations. The rule is intended to prevent fires involving shipments of rechargeable lithium-ion batteries on passenger planes. The batteries can self-ignite. Many countries adopted the international standard on domestic flights as well and the same rule was proposed in the U.S. Most domestic U.S. carriers abide voluntarily, but don't have to.

HONG KONG (AP) — HSBC says it's tapping the head of Asian life insurer AIA Group to be its chairman, turning to an outsider for a job it has traditionally filled from within its own ranks. The London-based bank says it named AIA chief executive Mark Tucker to replace Douglas Flint, 61, who has been chairman since 2010. HSBC is Europe's biggest bank but earns most of its income from Asia. The bank, which last month reported annual profit slumped by four-fifths, is revamping its business as it seeks to improve profitability.

CAMARILLO, Calif. (AP) — The average price of a gallon of regular-grade gasoline rose 2 cents nationally during the past two weeks, to $2.35. Industry analyst Trilby Lundberg said Sunday that despite the rise, gas prices are poised to dip slightly because crude oil costs are falling and refinery production is strong. The national average is up 51 cents per gallon over the price a year ago.

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The Associated Press

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