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Stocks edge higher ... Penn Station pain ... Sanctions violation alleged ... Private Island for Sale



Estimated read time: 2-3 minutes

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NEW YORK (AP) — Materials and technology companies are helping lead U.S. stocks modestly higher in afternoon trading, on course to extend the market's gains from last week. Energy stocks are also up as the price of crude oil has rebounded from an early slide. Real estate companies are down the most. Several major retailers also are slumping.

NEW YORK (AP) — Democratic senators from New York and New Jersey are calling on President Donald Trump to honor a commitment made under President Barack Obama to fund a project to build a second rail tunnel between the two states. Sens. Chuck Schumer and Cory Booker spoke near the spot on Manhattan's west side where preliminary work has already begun. Commuters are experiencing the first day of reduced schedules to accommodate extensive track and signal repairs at Penn Station this summer.

BERLIN (AP) — Germany's Siemens AG says at least two gas turbines delivered to Russia were re-routed to Crimea, in violation both of European sanctions and a contract with the company. Siemens tells the dpa news agency the Russian customer, who was not identified, had confirmed multiple times in writing that the turbines would not go to Ukraine's Crimean peninsula, which was annexed by Russia in 2014.

NEW YORK (AP) — News outlets are seeking permission from Congress for the right to negotiate jointly with Google and Facebook, two companies that dominate online advertising and online news traffic. The News Media Alliance, which represents nearly 2,000 news organizations, says because of those two companies' dominance, news publishers are forced to "play by their rules." The outlets want support for subscription models and a bigger share of the online advertising market. The news industry has been hit with declining print readership and a loss of advertising revenue as it has moved online.

PORTLAND, Maine (AP) — A private island replete with a mansion, guest homes and workers' quarters is on the market in Maine for $7.95 million. The real estate listing for the 86-acre Hope Island says, "No expense was spared creating this magical island kingdom." The property features two guest houses, a barn with workers' quarters, a 10-stall horse barn, a tavern for entertaining, a private chapel and a boat house with a deep-water pier.

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The Associated Press

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