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Stocks move higher...Researchers discover Wi-Fi vulnerability...Daimler recalls over 1 million cars worldwide

October 16, 2017

NEW YORK (AP) — Banks and technology companies are helping to nudge U.S. stocks higher in afternoon trading on Wall Street, adding to the market’s five straight weeks of gains. Energy companies are also rising as crude oil prices climb. Health care stocks are among the biggest laggards.

UNDATED (AP) — Security researchers have discovered a Wi-Fi network vulnerability that could allow attackers to steal sensitive information or inject malicious code while someone is logged into a computer or mobile device. A report published Monday said the breach could only happen if an attacker is within range of the potential victim, but the weakness could affect anyone using a Wi-Fi network. An industry group says it can be resolved through software updates.

FRANKFURT, Germany (AP) — German automaker Daimler, maker of Mercedes-Benz cars, is recalling more than a million vehicles worldwide over a wiring defect that could unexpectedly trigger the air bag. Germany’s dpa news agency reports that 400,000 of the vehicles were registered in Britain and several hundred thousand in Germany. Recalls in other countries will follow. Affected models include certain Mercedes-Benz A-Class, B-Class, C-Class and E-Class models, as well as CLA, GLC, GLK and V-Class.

KENNER, La. (AP) — The Coast Guard says the fire is out at an oil and gas platform that exploded in flames yesterday, and there’s no sign of pollution from the accident. A news release says the Coast Guard is continuing to coordinate the search for a man missing since the explosion occurred last evening. A spokesman for Clovelly Oil Co. says the missing man is a contract worker. He says three company employees and four other contract workers are in hospitals.

NEW YORK (AP) — Ruby Tuesday is being acquired for about $146 million in a deal that will take the struggling chain private. The private-equity firm NRD Capital will pay $2.40 for each share of Ruby Tuesday, a 21 percent premium from its closing price of $1.99 on Friday. When debt is included, the companies value the deal at $335 million. Like other sit-down restaurant chains, Ruby Tuesday has lost customers to cheaper, faster and more casual places.

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