Stocks rise again...China hikes tariffs on optical fiber materials...Temple business school dean out
NEW YORK (AP) — Stocks shook off some midday doldrums and rose for the fourth day in a row as strong results from Pepsi helped household goods companies. The market is at its highest level since early February. The S&P 500 index added 9 to 2,793, the Dow rose 143 to 24,919 and the Nasdaq composite picked up 3 points to 7,759.
BEIJING (AP) — China has stepped up action against some U.S. goods by announcing anti-dumping duties on raw materials used in making optical fibers. The Commerce Ministry says optical fiber preforms from the United States will face additional duties of 37.9 to 78.2 percent for five years. It said Corning was among the companies that would be affected by the higher duties.
PHILADELPHIA (AP) — The dean of Temple University’s business school has been forced out over falsified data submitted to rankings organizations about its online master’s program. In January, the Fox School of Business reported it had submitted inaccurate data to U.S. News & World Report. As a result, the publication removed the school’s No. 1 online MBA program ranking.
PROVIDENCE, R.I. (AP) — A national trucking industry group is fighting Rhode Island over new tolls arguing that large commercial tractors are being unfairly targeted. The lawsuit has been filed in federal court by Virginia-based American Trucking Associations and claims Rhode Island Department of Transportation tolls violate the Commerce Clause of the U.S. Constitution. The tolls started June 11 as part of a $5-billion infrastructure plan to repair bridges and roads across the state, and will eventually expand to 14 sites.
FORT WORTH, Texas (AP) — American Airlines is joining the movement away from plastic straws. American says its airport lounges will start serving drinks with straw and wood stir sticks this month and begin moving to what it calls eco-friendly flatware. Come November, the world’s biggest airline says it will replace plastic stir sticks with ones made from bamboo on its planes. The airline says the moves will eliminate more than 71,000 pounds of plastic a year.