NEW YORK (AP) — Stocks are making early gains on Wall Street. Even the Dow is moving higher, despite significant drops for two of its components. IBM continues to sink after its disappointing results yesterday, and Coca Cola lost five percent at the opening of trading after reporting a decline in profit and sales in the third quarter. However, results from several other big companies appear to have pleased investors. Apple shares are up 3 percent, while Harley-Davidson has jumped 8 percent.
WASHINGTON (AP) — U.S. homes sold in September at their fastest clip of the year. The National Association of Realtors says sales of existing homes rose 2.4 percent to a seasonally adjusted annual rate of 5.17 million. Still, the sales rate has dropped 1.7 percent over the past 12 months with investors retreating from the market. Median home prices rose 5.6 percent over the past 12 months.
NEW YORK (AP) — Staples says it’s investigating a potential credit card data breach and has been in touch with law enforcement officials about the issue. The office supply retailer says that if it turns up any data discrepancies, customers won’t be responsible for fraudulent activity on their credit cards as long as it is reported in a timely manner. Earlier this month, Sears Holdings reported a data breach at its Kmart stores. Other retailers who have suffered breaches include Target, Supervalu and Home Depot.
UNDATED (AP) — CVS Health is developing a new tobacco-free pharmacy network for clients of its Caremark pharmacy benefits management business. The network would slap an extra co-payment on patients who fill their prescriptions at stores such as Walgreen and Rite Aid that still sell tobacco. CVS pulled tobacco from its store shelves earlier this year.
ENGLEWOOD, Colo. (AP) — Turner Networks has pulled a bunch of channels from Dish’s programming lineup after a deadline passed for renewing their distribution agreement. Gone from Dish are Cartoon Network, CNN and Turner Classic Movies among others. Dish says it remains committed to reaching an agreement with Turner that would bring back the channels.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
