Stocks steady...Kushner Companies apology...Buffett critical of United passenger ejection
May. 08, 2017
WASHINGTON (AP) — Stock indexes are finishing little changed on Wall Street as losses in materials and health care companies held back gains in energy and other parts of the market. Apple jumped 2.7 percent. Newell Brands, which makes Rubbermaid containers, soared 11.9 percent after reporting solid results and raising its forecast for the year. The S&P ended up a fraction at 2,399. The Dow edged up 5 points and the Nasdaq added 1 point.
WASHINGTON (AP) — The Kushner Companies has apologized for including the name of President Donald Trump's son-in-law in materials promoting a New Jersey development to foreign investors seeking potential U.S. residency. Jared Kushner himself is not involved in his family's development project. But his family ties have drawn new scrutiny to the EB-5 program. offers foreign citizens who invest at least $500,000 in the United States a fast track to a green card.
NEW YORK (AP) — Sinclair Broadcast Group, already the nation's largest local TV station operator, wants to be even bigger. The company says it will pay about $3.9 billion for Tribune Media and its 42 stations, which includes KTLA in Los Angeles, WGN in Chicago and WPIX in New York. Chicago-based Tribune also owns stakes in the Food Network and job-search website CareerBuilder.
SAN FRANCISCO (AP) — The popular tuna-canning company Bumble Bee Foods has agreed to pay a $25 million fine after pleading guilty to conspiring with competitors to fix prices. The Department of Justice says that the San Diego based company will plead guilty to one felony count of price fixing. The criminal charge reflects broader concerns about competition within the industry. Two Bumble Bee executives pleaded guilty to price fixing charges last year and have agreed to cooperate with the federal investigation.
NEW YORK (AP) — Warren Buffett says United Airlines bungled the case of the passenger dragged off a plane last month, and he is criticizing the CEO's handling of the incident. Buffett also said airplanes "may become like cattle cars," but that's because a significant number of passengers will put up with crowding in exchange for cheaper fares. Buffett's Berkshire Hathaway Inc. is a major shareholder of United and other big U.S. airlines.