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Positive news on US-China trade talks cheers investors...Jury orders Toyota to pay injured family

August 18, 2018

NEW YORK (AP) — Investors are buoyed by signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reports that the countries hope to have a resolution by November. The S&P 500 index rose 9 points on Friday. The Dow added 110 points and the Nasdaq edged up over 9 points, The Russell 2000 index of smaller-company stocks gained 7 points.

NEW YORK (AP) — Oil prices are higher. Benchmark U.S. crude picked up 0.7 percent to $65.91 a barrel in New York on Friday. At the same time, Brent crude, the standard for international oil prices, added 0.6 percent to $71.83 per barrel in London. In other energy futures trading, wholesale gasoline dipped 0.3 percent to $1.98 a gallon. Heating oil inched up 0.1 percent to $2.10 a gallon and natural gas rose 1.3 percent to $2.95 per 1,000 cubic feet.

DALLAS (AP) — A Texas jury has awarded more than $242 million to a Dallas-area family who sued Toyota over what they said were defective front seats in their Lexus sedan. Benjamin and Kristi Reavis alleged the defects caused their front seat backs in a September 2016 rear-end collision to collapse on their two young children seated in child safety seats in the back. Their lawyer said the children suffered severe head trauma and other injuries.

UNDATED (AP) — A privacy group says Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week. The Electronic Privacy Information Center says in a letter to Federal Trade Commission that Google’s recording of time-stamped location data — even after users have turned off a setting called Location History — “clearly violates” the 2011 settlement. The center lobbied the FTC to take action years ago.

BRIDGEWATER, N.J. (AP) — President Donald Trump is accusing social media companies of “totally discriminating against Republican/Conservative voices” and says “we won’t let that happen.” Trump’s Saturday morning tweets come as companies have been working to ban right-wing “Infowars” conspiracy theorist Alex Jones from their platforms. Apple, YouTube and Spotify have permanently removed some of his content, Facebook has suspended him for 30 days and removed some of his pages, while Twitter has given Jones a weeklong timeout.

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