NEW YORK (AP) — The inventory market is ending a quiet week of buying and selling. Stocks took small losses as we speak. Energy corporations fell as a rally in oil prices pale and buyers proceed to promote the protected belongings they favored earlier this yr. The Dow shed 45 factors, or zero.2 %, to 18,552. The S&P 500 fell three factors, or zero.1 %, to 2,183. The Nasdaq composite misplaced 2 factors, or lower than zero.1 %, to five,238. The Nasdaq rose for the eighth week in a row.
NEW YORK (AP) — Benchmark U.S. crude is up 30 cents right now to $48.52 a barrel in New York. U.S. oil has climbed 17 % in its seven-day streak, however its prices have stayed between $40 and $50 a barrel for about 4 months. And with an unlimited glut of oil available on the market, prices might not rise a lot additional. Brent crude, used to cost worldwide oils, misplaced 1 cent to $50.88 a barrel in London.
NEW YORK (AP) — Emerson Electric has agreed to purchase Pentair’s valves and controls business for $three.15 billion. Pentair acquired that business from Tyco International in 2012 as a part of a bigger deal between these corporations and says it had $1.eight billion in income in 2015.
SALT LAKE CITY (AP) — The Mormon church says it does not help a rich Mormon businessman’s push to construct sustainable, futuristic communities close to spiritual landmarks in Utah and Vermont impressed by founder Joseph Smith’s plans from 1833. A spokesman for The Church of Jesus Christ of Christ of Latter-day Saints says officers have considerations concerning the developments affecting present neighborhoods and the relationships the faith has with residents.
SPRINGFIELD, Ill. (AP) — Illinois Gov. Bruce Rauner has signed a law eliminating gross sales taxes on female hygiene merchandise. The Republican signed the law in the present day repealing so-referred to as “pink taxes” on gadgets similar to tampons. The change takes impact Jan. 1. The Brennan Center for Justice says Illinois is the third state this yr to remove the taxes after New York and Connecticut.
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