DATELINE (AP) — The stock market has started the week with a loss. Encouraging corporate news failed to give the broader stock market a boost. Hewlett-Packard jumped after announcing that it is splitting itself in two, while Medical-equipment maker Carefusion surged on word that it was being acquired by a rival. But the Dow lost 17.78 points to 16,991.91. The S&P 500 dropped 3.08 to 1,964.82. And the Nasdaq composite fell 20.82 points to 4,454.80.
WASHINGTON (AP) — A North Carolina drug maker is providing an experimental antiviral drug to a patient being treated for Ebola in Dallas. That word comes from officials at Texas Health Presbyterian Hospital. The drug company Chimerix Inc. says doctors received permission from the U.S. Food and Drug Administration for emergency access use of the drug, which is currently in late-stage testing for use against several common viruses. Laboratory tests suggest it might also fight Ebola.
DETROIT (AP) — Eight months after General Motors began recalling more than 2 million cars because of a deadly ignition-switch defect, less than half the owners have gotten their vehicles fixed. That’s prompted GM to start sending out Facebook messages and make phone calls to owners, urging them to get the switches replaced. CEO Mary Barra says in some cases GM has gone to owners’ homes to get the vehicle, providing a loaner car while the fix is made.
WASHINGTON (AP) — Former Treasury Secretary Henry Paulson says that the 2008 government bailout of American International Group was specifically designed to punish the insurance giant. The $85 billion loan package extended to AIG gave the government control of 80 percent of its stock. Paulson’s testimony came as part of a lawsuit brought by former AIG chairman and CEO Maurice Greenberg, who says that the bailout violated the Constitution’s Fifth Amendment by taking control of AIG without “just compensation” in return for the shares.
NEW YORK (AP) — Turner Broadcasting is letting go about 10 percent of its staff. The parent of the CNN, TBS and TNT networks says it is cutting nearly 1, 500 jobs through voluntary separations, the elimination of unfilled positions. The eliminations will affect 18 different locations and will come from its news, entertainment, sports, and business units as well as corporate positions.
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