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Stock market takes another big hit ...Oil prices fall-.... Peanuts crew joins Apple streaming service

December 14, 2018

NEW YORK (AP) — Stocks have staggered to eight-month lows after weak economic data from China and Europe set off more worries about the global economy. The S&P 500 index lost 5 points, or 1.9 percent, to end the day at 2,599, its lowest close since April 2. The Dow retreated 496 points, or 2 percent, to close at 24,100. The Nasdaq composite slid 159 points, or 2.3 percent, to 6,910. And the Russell 2000 index fell 21 points, or 1.5 percent, to 1,410.

NEW YORK (AP) — Oil prices have again turned lower. Traders are worried that a slower global economy would weaken demand for oil and other fuels. Benchmark U.S. crude fell 2.6 percent to $51.20 a barrel in New York today. At the same time, Brent crude, used to price international oils, dropped 1.9 percent to settle at $60.28 a barrel in London.

COLUMBIA, S.C. (AP)- South Carolina regulators have approved a deal to rescue a utility company reeling in the wake of a multibillion-dollar nuclear construction failure. The Public Service Commission voted today to OK Dominion Energy’s roughly $15 billion cash and stock bid to buy SCANA, the parent company of South Carolina Electric & Gas. The deal approved by commissioners would cut customer rates by about $22 a month.

LOS ANGELES (AP) — Charlie Brown, Snoopy and the “Peanuts” crew will have a new home on Apple’s streaming service. Apple has struck a deal with DHX Media to produce new “Peanuts” content. The global children’s content and brands company will develop and produce original programs for Apple including new series, specials and shorts based on the beloved characters. “Peanuts” was created by Charles M. Schulz in 1950.

NEW YORK (AP) — That wild sockeye salmon in the refrigerated aisle may be straight from the fish farm. New York’s attorney general says more than one-fourth of the seafood her office sampled in a statewide supermarket survey was mislabeled. She says mislabeling of certain popular species is rampant. She says farmed salmon was frequently sold as wild and fish sold as red snapper or lemon sole were more often different varieties.

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