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Stocks higher... Oil futures up... Privacy group says Google violated terms of settlement

August 17, 2018

NEW YORK (AP) — The stock market has ended the day on the upside as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. The S&P 500 rose 9 points to close at 2,850. The Dow rose 110 points to 25,669 and the Nasdaq edged up over 9 points, to 7,816. The Russell 2000 index gained 7 points, to close at 1,692.

NEW YORK (AP) — Oil futures are higher today. Benchmark U.S. crude picked up 0.7 percent to $65.91 a barrel in New York. And Brent crude, the standard for international oil prices, added 0.6 percent to $71.83 per barrel in London. In other energy futures trading, wholesale gasoline dipped 0.3 percent to $1.98 a gallon. Heating oil inched up 0.1 percent to $2.10 a gallon and natural gas rose 1.3 percent to $2.95 per 1,000 cubic feet.

UNDATED (AP) — A privacy group says in a letter to Federal Trade Commission that Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week. The Electronic Privacy Information Center says in the letter to the FTC today that Google’s recording of time-stamped location data — even after users have turned off a setting called Location History — “clearly violates” the 2011 settlement.

PHOENIX (AP) — The sales and marketing director of Backpage.com has pleaded guilty to conspiring to facilitate prostitution in a scheme to give free ads to prostitutes in a bid to draw them away from competitors. The plea today by Dan Hyer marked the second Backpage.com employee to plead guilty in cases in Arizona in which the site is accused of ignoring warnings to stop running prostitution ads. Six others affiliated with Backpage.com also face charges.

BOSTON (AP) — A Massachusetts dessert company that accused its ice cream supplier of destroying its business by secretly altering the recipe has been awarded $720,000. The legal battle was between 600 lb Gorillas Inc. and New Jersey-based Mister Cookie Face LLC, which was awarded $270,000 for products 600 lb Gorillas never paid for. 600 lb Gorillas accused Mister Cookie Face of watering down the ice cream for its sandwiches, which Mister Cookie Face denied.

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