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Listless trading day on Wall Street ... Microsoft-Broadband-Rural America ... Amazon-Competitors



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NEW YORK (AP) — Another day of listless trading on Wall Street has ended with the major stock indexes closing out with only marginal shifts from the day before. Gains in energy and technology companies were canceled out by losses among banks, phone companies and other sectors. The Standard & Poor's 500 index fell 1.90 points and the Dow Jones industrial average gained 0.55 points. The Nasdaq composite rose 16.91 points.

UNDATED (AP) — Microsoft wants to extend broadband services to rural America by turning to a wireless technology that uses the buffer zones separating individual television channels in the airwaves. Microsoft plans to partner with rural telecommunications providers in 12 states stretching from Washington to Maine to get about 2 million rural Americans connected to high-speed internet over the next five years.

NEW YORK (AP) — A Harvard-educated financier whose friends and family invested millions of dollars with her firm has been sentenced to three years in prison after squandering over $23 million. Haena Park was sentenced today in Manhattan federal court by Judge Ronnie Abrams. The judge called the money Park lost over a six-year period staggering and surmised it resulted from a selfish, arrogant, careless and callous attitude. Park apologized, shedding tears. Prosecutors had asked that Park serve at least nine years in prison.

NEW YORK (AP) — Amazon's competitors are offering their own deals during the online giant's Prime Day promotion. As they've done before, many retailers including Macy's, J.C. Penney and Kohl's are offering incentives like free shipping and discounts. One notable exception: Walmart isn't offering special competing deals, but is highlighting two-day shipping and extra discounts for store pickups.

CARSON CITY, Nev. (AP) — An electric car maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada, in a move experts say could spell trouble for the company and the broader niche electric automobile industry. Faraday Future's Chief Financial Officer Stefan Krause said Monday the decision to scrap the plant was due to a shift in business strategy. The Gardena, California-based company said in a statement that it will look for an existing facility to produce its electric vehicles in California or Nevada.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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