Stocks mostly higher...Jury says Smithfiled should pay for hog odors...Nevada happy with pot sales
Aug. 03, 2018
NEW YORK (AP) — Stocks are mostly higher in afternoon trading on Wall Street after the Labor Department said hiring remained solid in July. Video game publisher Take-Two Interactive jumped 14.5 percent after topping Wall Street's expectations. There's been little reaction to China's threat to put tariffs on $60 billion in American goods. Bond prices edged higher and food companies and other big-dividend stocks climbed.
WASHINGTON (AP) — Today's jobs report shows that hiring sizzled in business services, manufacturing and hospitality in July. Professional services, including computer systems, architecture and temporary help, added 51,000 jobs. Restaurants, bars and hotels added 40,000, the most in nine months. Manufacturing added 37,000 jobs, the most in seven months. Sectors that didn't fare as well include financial services, government and transportation, all of which lost jobs.
RALEIGH, N.C. (AP) — A federal jury says the world's largest pork producer should pay $473.5 million to neighbors of three North Carolina industrial-scale hog farms. The jury decided today that Smithfield Foods owes six neighbors for nuisances like odors, flies and rumbling trucks at hog operations that raised its animals.
RENO, Nev. (AP) — Nevada regulators and industry insiders say the state's first year of broad marijuana legalization has exceeded even their highest expectations. Sales and tax collections already have surpassed fiscal year-end projections by 25 percent with a month of numbers still outstanding. Taxable sales should top $500 million when June's figures are counted, with total tax revenue of about $70 million — and about $25 million of that devoted to schools.
NEW YORK (AP) — Furniture seller Wayfair is following the path of other online retailers by opening an actual store. The company says it its first brick-and-mortar location will open by early next year in Florence, Kentucky, about 12 miles from Cincinnati. A spokeswoman for the Boston company says the 20,000-square-foot outlet store will sell items that have been returned but are in good condition, as well as other discounted goods. Wayfair declined to say if it plans to open more stores.