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Stocks little changed ... Fewer job openings in May ... Takata expands recall

By The Associated Press | Posted - Jul. 11, 2017 at 12:10 p.m.



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NEW YORK (AP) — Stocks are little changed in afternoon trading, with the Dow S&P 500 and the Nasdaq composite easing back into positive territory, while the S&P 500 is struggling to get out of the red. Nadia Lovell at J.P. Morgan Private Bank says traders are in a "wait-and-see" pattern ahead of Federal Reserve chair Janet Yellen's testimony to Congress tomorrow and the second-quarter earnings season picking up pace.

WASHINGTON (AP) — U.S. employers posted fewer job openings last month. But hiring picked up and more people are quitting their jobs. Job openings fell 5 percent in May to 5.7 million. Meanwhile, hiring climbed 8.5 percent to just under 5.5 million. The data is a sign the economy is nearing "full employment," when nearly all those who want a job have one and the unemployment rate mostly reflects the churn of people who are temporarily out of work.

DETROIT (AP) — Takata is adding 2.7 million vehicles from Ford, Nissan and Mazda to the long list of those recalled over potentially dangerous air bag inflators. The inflators are a new type that previously was thought to be safe. Vehicles affected are from the 2005 through 2012 model years. Takata inflators can explode with too much force, firing shrapnel into drivers and passengers. At least 17 people have died and more than 180 injured due to the problem.

BERLIN (AP) — German Chancellor Angela Merkel says she's open to restarting talks with the United States on a trade deal with the European Union. The dpa news agency reports Merkel told a business audience in Bavaria that President Donald Trump's administration has signaled it is ready to negotiate and that for her "a Trans-Atlantic agreement remains on the daily agenda." On a trip to Berlin last month, U.S. Commerce Secretary Wilbur Ross said the U.S. and EU should have a free trade agreement.

LONDON (AP) — Credit ratings agency Standard & Poor's is warning that economic growth in Britain will slow sharply over the next couple of years and uncertainties related to the country's exit from the European Union raise further "considerable downside risks" to its already gloomy forecast. S&P says growth is likely to slow to 1.4 percent this year and dip below 1 percent next year.

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The Associated Press

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