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Market Update  

- By Suzanne Kapner and Sarah Nassauer Wal-Mart is trying to create its own online mall, according to a source Wal-Mart Stores Inc. has a solution for retailers doing battle with Amazon.com...
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Business News  

Technology companies lead US stocks lower; oil down
(AP Photo - Richard Drew)
By ALEX VEIGA
From Associated Press
October 19, 2017 2:38 PM EST

Technology companies pulled U.S. stocks slightly lower in late-afternoon trading Thursday, placing the market on course to snap a four-day winning streak. Cruise lines, fast-food restaurants and other consumer-focused companies also declined. A slide in crude oil prices weighed on energy stocks. Health care companies were among the big gainers.

BARCELONA, Spain (AP) — The crisis over Catalonia's quest for independence escalated Thursday, as Spain's central government prepared the unprecedented step of stripping the wealthy region of some of its self-governing powers after its leader refused to abandon secession.

SEATTLE (AP) — Developers of a proposed oil-by-rail terminal that would be the largest in the nation have poured big money into a port commissioner race in Washington state that may shape the project's future.

WASHINGTON (AP) — Republicans controlling the Senate appear set to muscle their $4 trillion budget plan through the Senate late Thursday, turning back successive attempts by Democrats to derail GOP plans for a tax cut later this year.

DALLAS (AP) — Shares of United Airlines dropped more than 10 percent on Thursday after the carrier signaled that weak prices will continue the rest of this year and executives sparred with Wall Street analysts on a contentious conference call.

DETROIT (AP) — General Motors Co. has reached a $120 million settlement with 49 states and the District of Columbia over its defective ignition switches.

NEW YORK (AP) — The selfie is everywhere — Facebook, Instagram, Twitter — and soon your bank could be asking for one in order to approve your purchase or credit card application.

SAN FRANCISCO (AP) — Becoming a lawyer in California isn't going to get easier after the state Supreme Court decided not to lower the minimum passing score on one of nation's toughest licensing exams for attorneys.

SAN FRANCISCO (AP) — Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber.

ANCHORAGE, Alaska (AP) — America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won't be from a remote drilling platform.

THE HAGUE, Netherlands (AP) — An international team investigating the 2014 downing of Malaysia Airlines Flight 17 over Ukraine appealed Thursday for information about a photograph which prosecutors believe features the Buk rocket that blew the passenger jet out of the sky, killing all 298 on board.

DETROIT (AP) — Toyota Motor Co. is continuing its reign at the top of Consumer Reports' reliability rankings, a reward for its conservative approach to new technology.

WASHINGTON (AP) — The Latest on President Trump, Congress and $4.1 trillion budget plan (all times local): 1:30 p.m. President Donald Trump says he thinks Senate Republicans have the votes for their budget — hours after tweeting his uncertainty.

Your golden years are supposed to be the time when you live off your retirement savings, see more of your family and dive fully into leisurely pursuits.

LOS ANGELES (AP) — Iridium Communications says its next two launches of new-generation satellites will use refurbished SpaceX Falcon 9 first-stage boosters that have flown previously.

SHANGHAI (AP) — Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier's factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses and China Labor Watch, a New York based non-profit group, said Thursday.

JEFFERSON CITY, Mo. (AP) — Missouri officials were submitting a bid Thursday for Amazon's second headquarters that would involve an innovation corridor between Kansas City and St.

BRUSSELS (AP) — European Union leaders told British Prime Minister Theresa May on Thursday to match her goodwill pledges to boost Brexit negotiations with concrete proposals if she really wants to start discussing a future trade deal by December.

WASHINGTON (AP) — The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.

WASHINGTON (AP) — If President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, and making upper-tier plans more affordable.

LONDON (AP) — The CEO of Goldman Sachs has hinted the banking giant could be sending more jobs from London to Frankfurt following Britain's exit from the European.

Tax season begins in just a few months, which means there's precious little time left to prevent unwelcome tax surprises next April.

BOSTON (AP) — Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they've been brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons.

NEW YORK (AP) — How long can this nirvana last for investors? The stock market keeps ticking methodically higher into record territory, and the Dow Jones industrial average closed above 23,000 for the first time on Wednesday.

LONDON (AP) — U.K. authorities are investigating allegations that British banks inadvertently acted as conduits for money laundering linked to corruption in South Africa.