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NEW YORK (AP) — Energy stocks are leading an early decline on Wall Street as the price of oil takes another turn lower. Marathon Oil slumped 3.9 percent in early trading today. Murphy Oil dropped 3 percent. Streaming music company Pandora Media slumped 3.5 percent after the company announced it will launch an on-demand music service to compete with Apple Music and Spotify. At 10:39 a.m. Eastern Time, the Dow was down a fraction of a point at 20,804. The S&P 500 fell 13 points, to 2,360. And the Nasdaq fell 39 points to 5,836.
WASHINGTON (AP) — Inflation at the wholesale level rose at just half the rate in February as the previous month, as a surge in energy prices slowed. The Labor Department says its producer price index, which measures inflation pressures before they reach consumers, increased 0.3 percent in February following a 0.6 percent rise in January. Part of the slowdown reflected less of an increase in energy products, which rose 0.6 percent in February after jumping 4.7 percent in January.
WASHINGTON (AP) — White House budget chief Mick Mulvaney says he doesn't trust the Congressional Budget Office's prediction that 14 million Americans will lose health care insurance in the next year under the Republican plan. Mulvaney told MSNBC and Fox News' "Fox & Friends" today that the CBO was wrong in estimating coverage under former President Barack Obama's plan. Mulvaney says the office is wrong now too.
FRANKFURT, Germany (AP) — Volkswagen's CEO says the United States remains a "core market" for the German automaker despite its diesel emissions scandal and has underlined that it hopes to expand in the United States. The Volkswagen brand has only a small share in the U.S. market although it is important for the company's luxury brands Porsche and Audi. It makes cars in Chattanooga, Tennessee.
FRANKLIN, Maine (AP) — American Airlines says it's investigating allegations that a blind woman and her service dog were kicked off of one of their flights after she requested a different seat. Sue Martin, of Franklin, Maine, says when she and her husband boarded the Washington, D.C. to Dallas flight on March 1, she requested more room for her German shepherd. Martin says a man in first class offered his seat, but an airline employee asked her to leave anyway, saying her presence on the plane was not safe.
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