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 Information in the story may be outdated or superseded by additional information.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 mostly lower as sporting goods companies and car parts retailers slump. Bond prices are falling and yields are climbing, which is giving banks a lift. Stocks are coming off their biggest one-day gain in more than three months as the market recovered from last week's turmoil.
NEW ALBANY, Ohio (AP) — Facebook plans to invest $750 million in a new data center in central Ohio, marking another boost for the state's growing technology sector. The world's biggest social media company announced today that its 10th data center will be on a 345-acre site in New Albany, just northeast of Columbus. The center is expected to employ 100 people and begin providing services around 2019.
COLUMBIA, S.C. (AP) — South Carolina is the latest state to accuse a drug manufacturer of worsening the state's opioid drug crisis by using deceptive marketing. Attorney General Alan Wilson is suing Purdue Pharma, accusing the maker of OxyContin and other opioid drugs of violating South Carolina's Unfair Trade Practices Act. Purdue has admitted no fault in that case, which accuses the company of encouraging doctors to prescribe OxyContin for unapproved uses and failing to disclose its potential for addiction.
BOSTON (AP) — Four Teamsters have been acquitted in Boston of threatening the cast and nonunion crew of the TV reality show "Top Chef." A federal jury found the men not guilty today after 20 hours of deliberations. The Local 25 union members were accused of using strong-arm tactics to extort jobs as drivers with union-scale wages. "Top Chef" host Padma Lakshmi testified that she was "terrified" when one of the men confronted her outside a Boston-area restaurant where the series filmed in 2014.
UNDATED (AP) — U.S. homebuilders are feeling more optimistic about their sales prospects, reflecting a pickup in demand and positive expectations about further growth the rest of this year. The National Association of Home Builders/Wells Fargo builder sentiment index released today rose to 68 this month. That's up four points from a reading of 64 in July and the highest level since May.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
