News / 

Consumer-focused companies up ... No Trump slump in US tourism ... Investor Peltz pursues board seat at P&G



Estimated read time: 2-3 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks are struggling to move into positive territory today, after closing at all-time highs last week. At 10:43 a.m. Eastern Time, the Dow was down 6 points at 21,632. The S&P 500 was flat at 2,460. And the Nasdaq was up 7 points at 6,319. Consumer-focused companies rose early today and banks fell. Netflix was up 1.5 percent and Zions Bancorporation dropped 1 percent. Appliance maker Whirlpool rose 1.3 percent.

NEW YORK (AP) — Last winter, the U.S. tourism industry was concerned that Trump administration policies might lead to a "Trump slump" in travel. But some now say those fears were premature. The latest numbers from the U.S. Travel Association show a 4 percent growth in international travel to the U.S. in April and a 5 percent growth in May compared with the same months last year. Roger Dow, CEO of the non-profit travel association says there might even be a "Trump bump" in travel.

NEW YORK (AP) — Activist investor Nelson Peltz is attempting to secure a seat on the board at Procter & Gamble, seeking faster changes at the consumer products company. Peltz's Trian Fund Management LP, which owns about $3.3 billion worth of shares at Procter & Gamble, says it's interested in helping Procter & Gamble improve its performance, saying that its financial performance over the last 10 years has been disappointing.

NEW YORK (AP) — Subway wants to freshen up the look of its stores as it tries to stem a sales decline. The sandwich chain says the redesign includes a brighter atmosphere, displays of vegetables behind the counter and ordering tablets. It's the first major revamp since the early 2000s. The changes will take place as stores around the country are remodeled and new ones are built.

JOHANNESBURG (AP) — The ride-hailing company Uber is asking for an urgent meeting with police and transport ministers in South Africa. An Uber driver in the country has died of severe burns after his vehicle was set on fire in an attack last month in the capital, Pretoria. There are concerns that Uber drivers in South Africa are being targeted by some drivers with metered cabs who think Uber is taking their business. An investigation is underway.

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

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast