Stocks mostly lower...Report: Trump won’t compromise with Canada...United raises baggage fees
NEW YORK (AP) — Stocks are mostly lower in afternoon trading on Wall Street. Energy companies and banks are slipping while retailers edge higher. Hunting and camping gear maker American Outdoor Brands jumped after reporting that sales picked up and it cut costs. Despite losses in the last two days, the S&P 500 is on track to finish August with a gain of 2.8 percent. The Nasdaq is up 5.5 percent this month. Markets are closed Monday for Labor Day.
WASHINGTON (AP) — President Donald Trump has said privately that he won’t make compromises with Canada in talks to revamp the North American Free Trade Agreement, according to a report in the Toronto Star. The report raised doubts about whether the two countries can quickly reach a deal to keep Canada in the 24-year-old trading bloc, along with the United States and Mexico. The Star obtained the president’s comments from an interview that Trump gave to Bloomberg News yesterday.
CHICAGO (AP) — United Airlines is raising checked-bag fees for many passengers, matching a move earlier this week by JetBlue Airways. United is boosting fees for checking a first bag from $25 to $30 and a second bag from $35 to $40 for flights in North and Central America and the Caribbean. The higher fees take affect with tickets issued starting today.
PHILADELPHIA (AP) — A cancer researcher has pleaded guilty to conspiring to steal biopharmaceutical trade secrets from GlaxoSmithKline in what prosecutors said was a scheme to set up companies in China to market them. Prosecutors have described the 48-year-old U.S. citizen (Yu Xue) as one of the top protein biochemists in the world. She had worked at GlaxoSmithKline’s research facility in suburban Philadelphia for about a decade until charges were brought against her in early 2016. She pleaded guilty to a single conspiracy count today in federal court.
ROCOV, Czech Republic (AP) — A drought in central Europe this summer could leave beer drinkers thirsting for their favorite lagers and pilsners. Production of the prized hops that give Bohemian-style brews their distinctive flavors is down 30 percent or more in the Czech Republic.