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19 May 2015
WALL STREET
Stocks edge higher
in quiet trading
The stock exchange crept to your record full of an abandoned session Monday.

Investors had little news to weigh since the majority of major companies have finished reporting first-quarter results.

The Dow Jones industrial average added 26.32 points, or 0.1 percent, to 18,298.88. The typical & Poor’s 500-stock market index rose 6.47 points, or 0.3 %, to 2129.20, plus the Nasdaq composite rose 30.15 points, or 0.6 percent, to 5078.44.

One of the winners was Apple, which rose $1.42, or 1 percent, to $130.19. Activist investor Carl Icahn published a letter Monday calling for the technology giant to obtain back more of its stock. Icahn said Apple may be valued at $240 a share. Apple and Icahn have fought earlier times several years, but Icahn has been mostly successful at getting Apple to raise its share buybacks and dividends recently.

While S&P 500 has notched record highs for three straight days, strategists caution that it'll be a challenge with the stock market to maneuver substantially higher came from here.

— Associated Press

AUTOMOTIVE
Fiat Chrysler safety response probed
The U.S. government’s highway safety agency said it will hold a hard-to-find public hearing in July to find out if Fiat Chrysler didn't notify customers and fix safety problems in 20 recalls covering more(a) millions of vehicles.

One of several recalls is really a contentious one covering 1.56 million Jeeps with gas tanks located behind the trunk axles. The greatest involves almost 3 million cars with air-bag inflators which could potentially rupture and injure a car’s occupants.

The agency could order Fiat Chrysler, formally referred to as FCA US, to buy back or replace vehicles if this finds the corporation failed to fix defects, based on an announcement issued Monday.

The National Highway Traffic Safety Administration said some consumers complained that they can weren’t notified on the recalls, although some said dealers lacked repair parts and didn’t have service appointments available.

Such public hearings occur rarely, and also a single hearing first manufacturer on multiple recalls is unprecedented, said Allan Kam, a former NHTSA enforcement attorney.

Chrysler said the completion rate it really is its recalls exceeds the industry average. This company said it would cooperate fully with regulators.

— Associated Press

ALSO In operation
● U.S. homebuilders 're feeling slightly less confident about their sales prospects. However, builders’ overall sales outlook remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index slipped to 54 this month, down two points from 56 in April.

● A federal appeals court panel must not have forced YouTube for taking down “Innocence of Muslims,” an anti-Muslim film that sparked violence in the Middle East and death threats to actors, a bigger group of judges ruled. The 11-judge panel on the U.S. Court of Appeals for that 9th Circuit in San Francisco sided with Google, which owns YouTube, saying the previous decision by way of a three-member panel of the court gave “summary treatment” on the First Amendment.


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