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 Information in the story may be outdated or superseded by additional information.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) — U.S. stocks have closed more or less where they started after a day. Retailers gained ground, but banks and health care companies fell. Industrial companies took small losses. The S&P 500 was little changed at 2,459. The Dow slipped 8 points to 21,629.72, and the Nasdaq composite edged up 2 points to 6,314. Stock indexes closed at record highs Friday.
WASHINGTON (AP) — President Donald Trump is vowing to boost U.S. manufacturing by cutting the trade deficit with Mexico. Trump says, "No longer are we going to allow other countries to break the rules, to steal our jobs and drain our wealth." A report about the administration's goals for updating the North American Free Trade Agreement says it wants to insert a chapter on the digital economy into the deal. It also wants to strengthen labor and environmental obligations.
MEMPHIS, Tenn. (AP) — FedEx says it is still working to recover from a cyberattack that hit its European TNT Express unit, and the incident could have a material impact on its financial results. FedEx said in a regulatory filing that the June 27 attack was causing lost revenue and higher costs for Netherlands-based TNT, which FedEx bought for $4.8 billion last year. The so-called Petya attack spread a virus through a Ukrainian tax-software product that was used by TNT.
RICHMOND, Va. (AP) — A federal judge has ruled Virginia's largest utility must submit a revised plan for dealing with its leaking piles of coal ash at a retired power plant in Chesapeake and conduct at least two years of environmental testing at the site. The order comes after a ruling earlier this year in a lawsuit filed by the Sierra Club that the coal ash at Dominion Energy Virginia's Chesapeake plant was polluting surrounding waters with arsenic.
SAN FRANCISCO (AP) — Netflix is pulling in new viewers and award nominations in droves. But the online video service has a long-term problem: its acclaimed programming line-up is costing far more money than what subscribers pay for it. So far, investors have been willing to accept scant profits in exchange for robust subscriber growth, which Netflix delivered today. It added 5.2 million subscribers in the April-June quarter. That's the largest increase ever during the period, which has always been the company's slowest time of year.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
