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Market Update  

- By Ciara Linnane, MarketWatch REIT's stock jumps 10% after Berkshire Hathaway becomes its third-biggest shareholder with a 9.8% stake Shares of real-estate investment trust Store Capital ...
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Business News  

US stocks mostly higher in afternoon trading; oil recovers
(AP Photo - Mary Altaffer)
By ALEX VEIGA
From Associated Press
June 26, 2017 2:40 PM EST

Utilities led U.S. stocks mostly higher in afternoon trading Monday as falling bond yields made high-dividend companies more attractive to income-seeking investors. Financial stocks were also headed higher. Technology companies were down the most, giving up gains from an early rally.

NEW YORK (AP) — Jury selection has begun in the New York criminal trial of a Chinese billionaire charged with trying to bribe United Nations diplomats to ease approval of a U.N.

WASHINGTON (AP) — America's railroad is turning to an airline industry veteran to lead it through a summer of reckoning for congested tracks and crumbling infrastructure.

NICOSIA, Cyprus (AP) — Cyprus signed a deal Monday for the construction of what officials say will be Europe's biggest casino. The small Mediterranean island nation's government backed proposals from a consortium made up of Hong Kong-based Melco International, the U.S.'s Hard Rock and local firm CNS Group to build the casino resort in the coastal town of Limassol.

WASHINGTON (AP) — Republican leaders added a penalty for people who've let their insurance lapse Monday as party leaders prepared to begin pushing their health care measure through the Senate, despite a rebellion within GOP ranks.

BOSTON (AP) — Danielle Ramos' student-debt nightmare was supposed to be over. Like thousands of others who studied at failed for-profit colleges, she was promised by the U.S.

LONDON (AP) — Prime Minister Theresa May forged a deal with a Northern Ireland party Monday that should give her struggling minority government enough votes to get her agenda endorsed, but at a high cost: more than 1 billion pounds in new funds for Northern Ireland and resentment from Britain's other regions.

WASHINGTON (AP) — The Latest on the Republican legislation overhauling the Obama health care law (all times local): 2:15 p.m. The nation's largest doctors' group is outlining its opposition to the Senate Republican health care bill.

LONDON (AP) — American cladding maker Arconic said Monday it is discontinuing global sales of one type of composite paneling for use on high-rise buildings following the deadly fire at a London apartment tower as Britain's government sought to manage a burgeoning fire safety crisis.

SEATTLE (AP) — Seattle's $15-an-hour minimum wage law has cost the city jobs, according to a study released Monday that contradicted another new study published last week.

LONDON (AP) — The deaths of 79 people in a London apartment tower have triggered emergency inspections, evacuations and soul searching among British officials who failed to prevent the tragedy.

FRANKFURT, Germany (AP) — After expensive bailouts played a major role in their debt crisis, European authorities agreed on tough new rules to ensure that taxpayers didn't have to pour money into shaky banks.

NEW YORK (AP) — "Pharma Bro" just won't keep his mouth shut. Even before his federal securities fraud trial began Monday, Martin Shkreli blatantly defied his attorneys' advice to lay low.

PARSIPPANY, N.J. (AP) — Avis is teaming up with Waymo on a self-driving car program. The partnership aims to support Waymo's fleet and its early rider program, which has a public trial in Phoenix.

NEW YORK (AP) — There's Greek yogurt, Icelandic yogurt and Australian yogurt. Now, the U.S. maker of Yoplait is hoping to revive its declining sales by marketing yet another culture in the yogurt section.

Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens.

LOGAN, Utah (AP) — Inside a cavernous northern Utah warehouse, hydraulic engineers send water rushing down a replica of a dam built out of wood, concrete and steel — trying to pinpoint what repairs will work best at the tallest dam in the U.S for a spillway torn apart in February during heavy rains that triggered the evacuation of 200,000 people living downstream.

WASHINGTON (AP) — Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing.

LONDON (AP) — Stock markets around the world have started the new week strongly with sentiment in Europe buoyed further by a strong German economic survey that reinforced hopes that the region's recovery is gaining momentum.

JAKARTA, Indonesia (AP) — Authorities in Indonesia have issued a travel ban against the Indonesian business partner of U.S. President Donald Trump after he was accused of threatening a deputy attorney general, officials said Monday.

BRUSSELS (AP) — The European Union's top trade official says the bloc is preparing retaliatory measures in case the United States goes ahead with plans to impose steel tariffs on imports.

LISBON, Portugal (AP) — Portugal's national airline chief said Monday he is considering asking authorities to order that all drones in the country be grounded, following a series of near-misses with commercial aircraft.

BEIJING (AP) — The world's biggest coal users — China, the United States and India — have boosted coal mining in 2017, in an abrupt departure from last year's record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions.

NICOSIA, Cyprus (AP) — It's back to Switzerland for Cyprus peace talks. This time the rival leaders of the ethnically-divided island will be meeting at the secluded Swiss resort of Crans-Montana.

SHANGHAI (AP) — A Chinese court sentenced 16 Australian and Chinese employees of a casino company to nine to 10 months in prison on Monday after they pleaded guilty to gambling-related charges, the company and an Australian official said.