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Energy stocks reviving ... ‘Ransomware’ spreads ... Bad news for people whose credit card debt has gone to collections

May 15, 2017

NEW YORK (AP) — A spurt in oil prices today has helped revive energy stocks, which have been among the year’s worst performers, and U.S. stock indexes are flirting again with record highs. The pace for markets around the world, though, remained sluggish. At 10:39 a.m. Eastern Time, the Dow was up 78 points at 20,975. The S&P 500 was up 11 points at 2,402. And the Nasdaq was up 22 points at 6,144.

LONDON (AP) — The worldwide “ransomware” cyberattack has spread to thousands more computers today. But no new large-scale outbreaks have been reported, and British officials say a feared second wave of infections has not materialized. The new infections have been largely in Asia, which closed for business when the malware first struck.

WASHINGTON (AP) — The Supreme Court says debt collection companies can’t be sued for trying to recover years-old credit card debt from people who’ve filed for bankruptcy protection. The justices today ruled 5-3 in favor of Midland Funding, which was trying to collect $1,879 in debt that an Alabama woman had incurred more than 10 years ago. Aleida Johnson argued that Midland was wrong to go after the debt because Alabama law has a six-year statute of limitations for a creditor to collect overdue payments.

BRUSSELS (AP) — European Union and U.S. transport and security officials will meet in Brussels Wednesday to discuss U.S. plans to broaden an in-flight ban on laptops and tablets that would include planes from Europe. An EU Commission spokesman says the high-level talks are “to jointly assess any new threats and work toward a common approach to address them.” European governments are alarmed at the proposal and held talks with their U.S. counterparts Friday.

DETROIT (AP) — General Motors is launching its Maven car-sharing service in New York City, which lets members rent GM vehicles for up to 28 days at a time. Maven will park 80 vehicles around Manhattan. Using Maven’s smartphone app, members can reserve a time and unlock and start the car when they arrive. Prices vary by vehicle, but it’ll cost about $100 to use a Chevy Cruze for a full day. Until now, Chicago, San Francisco and Washington D.C. have been Maven’s biggest markets.

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