Financial News

Friday, June 22nd
June 22, 2018
AP Scorecard
June 22, 2018
Financial News

 

 

 

Stocks mixed…OPEC agrees to increase oil production…Report: Uber driver was streaming “The Voice” before crash

 

NEW YORK (AP) – Stocks are mostly higher in early trading on Wall Street as energy companies climb along with the price of oil. Industrial and basic materials companies are rising as well, but technology companies are mostly lower, putting the Nasdaq composite in negative terroitory. The European Union is following through on its promise to put import taxes on $3.4 billion in U.S. goods including bourbon, peanut butter and orange juice in response to U.S. tariffs on steel and aluminum.

 

VIENNA (AP) – Countries in the OPEC oil cartel have agreed to a new oil output level that effectively increases production by almost 1 million barrels per day. The increase was announced after ministers from the group met today in Vienna. The production increase will partly undo a 1.2 million barrel cut OPEC agreed on in late 2016 that has helped push up the price of oil.

 

TEMPE, Ariz. (AP) – An Arizona police report says the backup driver in an Uber autonomous SUV was streaming a television show on Hulu just before the vehicle struck and killed a pedestrian in March. The Arizona Republic is reporting that the driver was watching “The Voice.” The newspaper received the more than 300-page report from Tempe police late yesterday. Police obtained records from Hulu with a search warrant that showed the streaming ended at 9:59 p.m. on March 18, about a minute before the crash. Prosecutors are considering charges against the driver.

 

ATLANTA (AP) – Delta Air Lines says it’s no longer allowing passengers to fly with “pit bull type” dogs as service or support animals. The ban announced this week is prompting a social media backlash, and figuring out exactly which dogs fall under the policy could be a challenge. The airline describes its ban as an “enhancement” to its policy on animals in passenger areas. Delta also says it’s limiting travelers to a single emotional support animal per flight. The changes take effect July 10.

 

ORLANDO, Fla. (AP) – A labor relations panel has upheld most of a judge’s ruling that a Teamsters union representing Disney World workers committed an unfair labor practice when it ignored members’ requests to resign from the union. The three-person National Labor Relations Board panel upheld the decision earlier this week. The panel ordered union officials to reimburse some of the former members who had dues deducted after they had made their resignation requests.

 

 

AP-WF-06-22-18 1437GMT