NEW YORK (AP) -- Stock indexes registered small gains on Wall Street today after an upturn in technology companies. That was just enough to offset weakness in other parts of the market, including a drop in airline stocks. The gain in technology stocks was driven by Apple. The technology company surged after billionaire investor Carl Icahn said on Twitter that he held a large position in Apple and that its stock was undervalued.
WASHINGTON (AP) -- The Justice Department is fighting the proposed merger of American Airlines and US Airways, saying it would cause "substantial harm" to consumers by leading to higher fares and fees. The department's antitrust division, joined by the attorneys general of six states, filed a lawsuit in federal court today to block the merger.
NEW YORK (AP) -- Federal authorities in New York say nine people have been charged in a $140 million penny stock fraud investigation. U.S. Attorney Loretta Lynch announced the charges today. She says the international scheme is believed to be one of the largest penny stock frauds in history. An indictment accuses the defendants of artificially inflating the value of worthless penny stocks and selling them to investors across the globe.
NEW YORK (AP) -- Coca-Cola tomorrow plans to run its first ad defending the safety of artificial sweeteners, a move that comes as the company looks to stem declining sales of diet soda. The print ad is set to run in USA Today in the Atlanta area, followed by the Atlanta Journal Constitution on Thursday and the Chicago Tribune next week. It says that diet drinks can help people manage their weight and stresses the scientific evidence showing the safety of aspartame, which is more commonly known under the NutraSweet brand name.
WASHINGTON (AP) -- Republic Steel is facing more than $1.1 million in federal fines for two dozen safety violations at its manufacturing plant in Canton, Ohio. The Occupational Safety and Health Administration said today that the Canton-based company failed to provide workers enough protection from falling off runway girders 66 feet above the ground or perched over the plant's slag pit and furnace. Two workers were seriously injured in falls at the site last year.
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