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Wall Street moderately higher ... Facebook suspends about 200 apps ... Sears: Committee to explore sale Kenmore brand, other assets

May 14, 2018

NEW YORK (AP) — Stocks are opening moderately higher on Wall Street, led by gains in technology, health care and energy companies. At 10:17 a.m. Eastern Time, the Dow was up 108 points, to 24,939. The S&P 500 was up 11 points, to 2,739. And the Nasdaq was up 45 points to 7,448. Bond prices fell. The yield on the 10-year Treasury rose to 2.99 percent.

NEW YORK (AP) — Facebook is suspending about 200 apps that it believes may have misused data. The social media giant says the suspensions resulted from its investigation into all apps that had access to large amounts of information before Facebook changed its platform policies in 2014. Those changes, according to Facebook, significantly reduced the amount of data that apps could access.

WASHINGTON (AP) — U.S. authorities have sharply increased audits of companies to verify that their employees are authorized to work in the country. That’s a sign the Trump administration’s crackdown on illegal immigration is reaching deeper into the workplace. U.S. Immigration and Customs Enforcement says that it opened nearly 2,300 employer audits between Oct. 1 and May 4, easily surpassing 1,360 audits conducted between October 2016 and September 2017.

NEW YORK (AP) — Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. The move comes almost a month after the retailer said it received a letter from its largest shareholder ESL Investments, headed by Sears Chairman and CEO Edward Lampert, expressing interest in all or some of the assets, which include Sears Home Services’ home improvement business, and the company’s Parts Direct business.

BOSTON (AP) — A former cleaner with a Logan International Airport subcontractor that cleans airliners, ReadyJet, is alleging on-the-job sexual harassment in a complaint filed with the Massachusetts Commission Against Discrimination. Rosa Morban is scheduled to be joined by U.S. Rep. Katherine Clark, members of the airport workers’ union, and community allies from the Dominican Workers Center when she files the complaint today. Clark’s office says Morban was unjustly fired after turning down her manager’s sexual advances.

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