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Wall Street tries to stay positive...Trump admin. slaps sanctions on Russian companies...German prosecutors investigate Audi CEO in emissions case

June 11, 2018

NEW YORK (AP) — U.S. stocks have been trying to hang on to slight from earlier this morning. At 10:57 a.m. the Dow Jones industrial average was down 5 points, to 25,311. The S&P 500 was up 3 points, to 2,782 and the Nasdaq composite rose 5 points, to 7,651.

WASHINGTON (AP) — The Trump administration has slapped sanctions on several Russian companies and businessmen for engaging in cyberattacks and assisting Russia’s military and intelligence services with other malicious activities. The Treasury Department says it’s imposing sanctions on five Russian firms and three of their executives, freezing any assets that those targeted may have in U.S. jurisdictions and barring Americans from doing business with them.

FRANKFURT, Germany (AP) — German prosecutors say they have expanded their probe into manipulation of emissions controls at Volkswagen’s Audi division to include Audi’s CEO, Rupert Stadler. Munich prosecutors said Stadler’s private residence was searched today along with that of another division manager whose name was not released.

NEW YORK (AP) — IHOP, which teased a name change to IHOb earlier this month, says the “b″ is to promote its burger menu. The pancake chain has been coy about whether the name flip is permanent, saying today that it was “for the time being.” The company known for breakfast already had burgers on the menu, but is adding a line made of Black Angus ground beef.

NEW YORK (AP) — Craigslist founder Craig Newmark is donating $20 million to the City University of New York’s Graduate School of Journalism. The institution will be renamed the Craig Newmark Graduate School of Journalism at the City University of New York. Newmark says it’s important to build a sustainable future for trustworthy journalism. The New York Times says Craigslist put a dent in newspaper classified ads and is often blamed, in part, for the industry’s revenue decline.

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