Stock market ends week with solid gains ...UK lawmakers again reject Brexit plan... Faulty Takata air bag death toll climbs
NEW YORK (AP) — Stocks finished broadly higher on Friday as Wall Street closed out the first quarter with the market’s biggest gain in nearly a decade. The benchmark S&P 500 index is now up 13.1 percent this year. The Dow ended the quarter with an 11.2 percent gain, while the Nasdaq is up 16.5 percent. The Russell 2000 is 14.2 percent higher this year. Oil futures closed mostly higher on Friday. Benchmark U.S. crude rose 1.4 percent to settle at $60.14 a barrel.
LONDON (AP) — A British lawmaker says the U.K. may have to try a government of national unity if Prime Minister Theresa May cannot break the impasse over the country’s withdrawal from the European Union. Former Education Secretary Nicky Morgan’s comments came a day after Parliament rejected May’s divorce deal for a third time, rebuffing the prime minister’s plea to “put aside self and party.” Other Conservative lawmakers think May should bring her Brexit deal back for a fourth vote in Parliament.
DETROIT (AP) — An Arizona man killed by an exploding Takata air bag inflator brings the worldwide death toll to at least 24. Honda says the death happened near Phoenix on June 8, 2018. The company says it was only told of the death recently. Armando Ortega is the 16th person to be killed by the air bags in the U.S. More than 200 people have been hurt worldwide.
DETROIT (AP) — Hyundai has found a new problem that can cause its car engines to fail or catch fire, issuing yet another recall to fix problems that have affected more than 6 million vehicles during the past 3 ½ years. The Korean automaker, under pressure from safety regulators, is recalling about 20,000 Veloster cars in the U.S. and Canada because fuel can prematurely ignite in the cylinders around the pistons.
MIAMI (AP) — The federal trial of a Florida health care executive has wrapped up with closing statements from the prosecution calling the defendant a trickster who couldn’t help himself and his defense arguing he was an ambitious and caring businessman. Prosecutors accuse 50-year-old Philip Esformes of defrauding Medicare of $1 billion in one of the biggest such cases in U.S. history.