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Wall Street tries to hold on to gains ... Tesla starts raising cash for Tesla 3 push ... UK plans to strengthen online 'right to be forgotten'

By The Associated Press | Posted - Aug. 7, 2017 at 8:47 a.m.



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NEW YORK (AP) — U.S. stocks are trying to stay in positive territory today as investors continue to concentrate on corporate earnings. Tyson Foods gained 4.8 percent as its forecasts pleased investors. Aviation electronics company Rockwell Collins climbed 5.4 percent after Reuters reported that rival United Technologies made an offer to buy it. At 10:32 a.m. Eastern Time, the Dow was up 3 points at 22,096. The S&P 500 was up a fraction of a point at 2,477. And the Nasdaq was up 15 points at 6,367.

PALO ALTO, Calif. (AP) — Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric car. The company says it plans to offer senior notes due in 2025 and would use the offering's proceeds to further strengthen its balance sheet during rapid scaling of the Model 3. The Model 3 starts at $35,000, which is about half the price of previous Tesla models, and it gets up to 310 miles per charge.

FRANKFURT, Germany (AP) — Germany's financial regulator says it's checking whether automakers Daimler and Volkswagen violated securities disclosure rules by not telling investors about any self-reporting they may have done to regulators about possible collusion. Media reports have said the companies self-reported to competition authorities as a way of limiting any fines if they are found to have restrained competition. The EU competition authority has said it is evaluating the information.

LONDON (AP) — Britain plans to strengthen the online "right to be forgotten" with a law making social media companies delete personal information on request. The government has published details of a Data Protection Bill , including a provision allowing people to ask for personal data held by companies to be erased. The changes also would make it easier for people to find out what data companies or organizations hold on them, and would ban firms from collecting personal information

LONDON (AP) — Google's new head of diversity is rejecting an internal commentary from an employee who suggested that women don't get ahead in tech jobs because of biological differences. Danielle Brown, who was named a vice president at the search giant only a few weeks ago, says Google is "unequivocal in our belief that diversity and inclusion are critical to our success." A copy of her response was obtained by technology news website Gizmodo.

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The Associated Press

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