Financial News

Monday, November 19th
November 16, 2018
AP-NC Newswatch
November 16, 2018
Financial News

 

 

 

Mixed start for stocks…Industry expands at slower pace…Jennie-O recalling ground turkey

 

NEW YORK (AP) – Stock indexes are mixed in morning trading on Wall Street. Losses in technology companies, big retailers and banks are offsetting gains in health care and energy stocks. Nordstrom slid after the department store issued weak guidance for the full year. Crude oil prices headed higher for the third day in a row. Bond prices rose.

 

WASHINGTON (AP) – U.S. industry expanded at a slower pace in October, with manufacturing growth offsetting declines in mining and utility production. The Federal Reserve says industrial production rose a modest 0.1 percent last month following a 0.2 percent advance in September and a sizable 0.8 percent advance in August. The Fed says hurricanes lowered production by a slight amount in both September and October. Factory output was up 0.3 percent in October, matching the previous month despite a big drop in auto production.

 

FRANKFURT, Germany (AP) – Volkswagen says it will invest 44 billion euros to develop autonomous and electric cars, and expand the appeal of battery-powered vehicles by selling its upcoming I.D. compact for about what a diesel-powered Golf costs. The German automaker also says it is in talks with Ford about possible cooperation in making light commercial vehicles.

 

NEW YORK (AP) – Jennie-O-Turkey is recalling more than 91,000 pounds of raw turkey in an ongoing salmonella outbreak. The products being recalled include 1-pound packages of raw, ground turkey and were sold nationwide. They had a use-by date of October, but could still be in freezers. The recall is the first tied to an outbreak that has resulted in one death and 164 reported illnesses in 35 states. Regulators say additional products from other companies could be named as their investigation continues.

 

PITTSBURGH (AP) – Kids will soon be able to eat AND play with their food. Jell-O Play has introduced edible slime. The squishy and stretchy toy is a social media phenomenon, which spawned online recipes for edible versions. Jell-O Play’s slime comes in strawberry-flavored Unicorn and lime-flavored Monster varieties. All customers have to do is add water and each canister makes two batches of slime. The company says it easily washes away with soap and warm water.

 

 

AP-WF-11-16-18 1552GMT