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Stocks open April weakly...Stockton, Calif., bankruptcy...Vermont health insurance rates

Monday - 4/1/2013, 6:51pm  ET

NEW YORK (AP) -- Stocks are opening April on a weak note. The key indexes ended slightly lower today following a report that showed U.S. manufacturing growth cooling in March. The Dow fell about six points to close at 14,573. The S&P 500 gave up seven points to 1,562, while the Nasdaq composite dropped 28 points, or nearly one percent, to 3,239.

SACRAMENTO, Calif. (AP) -- Stockton, Calif., has become the most populous city in the nation to enter bankruptcy. A federal judge today accepted the city's bankruptcy application. The move will likely allow the city to avoid repaying its debts in full. Lawyers for the creditors argued that the city had not cut enough spending or sought a tax increase to avoid bankruptcy.

MONTPELIER, Vt. (AP) -- Vermont has become the first state to let people without health insurance see how much they would pay to get coverage through the federal health overhaul. Examples of the proposed rates show a single person making $40,000 would pay $317 a month out of pocket, while a family of four with an annual income of $32,000 would pay $45 a month. Vermont embraced the federal health overhaul from the outset and hopes to go further, aiming to launch the nation's first single-payer health care system in 2017.

SEATTLE (AP) -- Boeing is conducting another test flight of its 787 passenger jet over the West Coast. The company says the flight is designed to test system upgrades and not to certify changes in the plane's batteries. Airlines have 50 of the planes, but they're still grounded after two of them overheated. Boeing is trying to assure regulators that design changes have addressed the battery safety issue.

BOISE, Idaho (AP) -- A federal judge in Idaho says the U.S. Forest Service broke the law when it didn't craft rules to govern snowmobile travel in regulations that designate use and non-use areas for off-road vehicles. The judge has ordered the Forest Service to write a new rule within six months. The decision comes as a victory to powder-loving backcountry skiers who say the agency's failure to cover the machines was leading to conflicts between snowmobilers and skiers.


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