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Stocks mixed...Sales of previously occupied homes decline...Some air travel delays

Monday - 4/22/2013, 12:19pm  ET

NEW YORK (AP) -- Stocks are mixed in early trading on Wall Street as investors get ready for earnings news from major U.S. companies. Nearly one-third of the 30 companies in the Dow Jones industrial average report first-quarter results this week. Toy maker Hasbro and the energy company Halliburton have turned in results that beat the forecasts of Wall Street analysts, while heavy equipment maker Caterpillar reported that a slowdown in the mining business hurt its results.

WASHINGTON (AP) -- Sales of previously occupied U.S. homes are showing a decline. They dipped in March as the supply remained tight, though the pace remained ahead of last year's. The National Association of Realtors says sales dipped to a seasonally adjusted annual rate of 4.92 million, from 4.95 million in February. February's figure was revised lower. Sales in March were 10.3 percent higher than a year earlier.

UNDATED (AP) -- Some commercial airline travelers are finding backups and delays today, a day after air traffic controllers started going on furlough because of government spending cuts. The furloughs apparently didn't have a major impact on travel yesterday. Airline trade groups and the country's biggest pilots union sued the FAA on Friday to try to stop the furloughs. They predicted that the furloughs would delay or cancel flights for as many as one out of every three airline passengers across the country.

WASHINGTON (AP) -- The Supreme Court says it will hear an appeal from automaker Daimler that seeks to shut down a U.S. lawsuit over allegations that its unit in Argentina played a role in that country's 'dirty war" in the 1970s. The justices say they will review a federal appeals court ruling that allowed a lawsuit filed by 22 Argentines in California to proceed. The Argentines claim they were victims of human rights abuses while working for Mercedes-Benz Argentina. The issue for the Supreme Court is whether the company has sufficient ties to California to allow a lawsuit to be filed there.

RIYADH, Saudi Arabia (AP) -- Saudi Arabia is taking the first steps to switch its weekend to begin on Fridays to align its banking and business days with most other nations in the region. Saudi media reports say the kingdom's advisory body agreed today on changing from the current system, in which the two-day weekend begins Thursday. The proposal still needs to pass the Council of Ministers and the Saudi royal court before it can take effect. A similar recommendation in 2007 failed.


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