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Stocks mostly higher...Amazon gains on news of price hike...Nuns try to block pipeline

January 19, 2018

NEW YORK (AP) — Retailers and consumer goods companies are leading U.S. stock indexes mostly higher as the market recoups some of its modest losses from a day earlier. Investors were monitoring developments in Washington ahead of a possible federal government shutdown this weekend.

NEW YORK (AP) — Amazon has been trading higher after the e-commerce giant said it will raise the price of its Prime membership monthly plan by nearly 20 percent. Starting Friday, new monthly members will pay $12.99 a month, up from $10.99.

NEW YORK (AP) — Oil futures were down after the International Energy Agency said U.S. oil production would rise sharply this year. The decline in oil prices weighed on energy sector stocks.

DES MOINES, Iowa (AP) — Federal government regulators are proposing changes in the way most hogs slaughtered for meat in the United States are processed. Officials say the new series of rules would improve industry practices. But critics say they could threaten food safety. The new rules would allow hog slaughter plants to voluntarily join a new proposed inspection system that would put plant employees in charge of determining which animals are unfit for processing.

PHILADELPHIA (AP) — A group of nuns is asking a federal appeals court to halt a natural gas pipeline project on their rural Pennsylvania property. A lawyer for sisters in the Adorers of the Blood of Christ today told a panel of federal judges in Philadelphia that building a pipeline through their cornfield in Lancaster violates their religious freedom. But attorneys representing the Federal Energy Regulatory Commission and the Transcontinental Gas Pipe Line Company say the religious order waived its rights because it didn’t raise objections about the project to the federal agency.

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