Financial News

AP Sports
June 4, 2018
AP Scorecard
June 4, 2018
Financial News

 

 

 

Stocks gain…Justices side with Colorado baker on same-sex wedding cake…Winnebago gets into boating with Chris-Craft buy

 

NEW YORK (AP) – Stocks are rising as technology companies, retailers and household goods companies gain ground. Some of the world’s largest tech companies, including Apple and Microsoft, are leading the way. Energy companies are falling as crude oil prices continue to decline.

 

WASHINGTON (AP) – The Supreme Court has ruled for a Colorado baker who wouldn’t make a wedding cake for a same-sex couple in a limited decision that leaves for another day the larger issue of whether a business can invoke religious objections to refuse service to gay and lesbian people. The justices’ decision turned on what the court described as anti-religious bias on the Colorado Civil Rights Commission when it ruled against baker Jack Phillips.

 

LONDON (AP) – Britain’s government says it intends to sell a $3.5 billion piece of its shareholding in taxpayer-owned Royal Bank of Scotland Group to institutional investors. The decision comes only weeks after the bank announced it had agreed to pay $4.9 billion to settle U.S. claims it misled investors who bought securities backed by risky mortgages in the run up to the 2008 financial crisis.

 

ORLANDO, Fla. (AP) – The National Labor Relations Board says Walt Disney World didn’t violate the law when it withheld $1,000 bonuses to union members currently renegotiating wages. The Service Trades Council Union is a coalition representing more than half of Disney World’s 70,000 workers. It calls the Disney’s refusal to pay bonuses discriminatory and retaliatory, but the NLRB says Disney was well within its rights to deny the money as leverage in its talks on pay raises.

 

 

DES MOINES, Iowa (AP) -Recreational vehicle manufacturer Winnebago Industries says it is buying boat maker Chris-Craft to expand beyond motor homes and travel trailers and create a diversified outdoor lifestyle products company. Winnebago, based in Forest City, Iowa, hasn’t disclosed details of the transaction but said Monday it would finance the deal with cash and debt.

 

 

AP-WF-06-04-18 1805GMT