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Stocks lower ... Forbes: Diddy highest paid celebrity ... Smirnoff ad references Russian probe

June 12, 2017

NEW YORK (AP) — Stock indexes are lower this afternoon as technology companies continue to sink. The Nasdaq is off nearly one percent. However energy companies are climbing with the price of oil. And General Electric shares jumped after GE announced CEO Jeffrey Immelt will step down. The Dow was down about 65 to 70 points, while the S&P 500 had shed about 8.

PARIS (AP) — Researchers say they’ve discovered a worrying breed of power grid-wrecking software, saying the program was likely responsible for a brief blackout that hit Kiev late last year. Slovakia-based computer security company ESET and Maryland-based Dragos, Inc. say in a report that the malicious software has the ability to control the switches and circuit breakers. The researchers have stopped short of blaming the malware for the Ukrainian power outage on December 17, 2016.

LITTLE ROCK, Ark. (AP) — Tyson Foods is recalling nearly 2.5 million pounds of ready-to-eat breaded chicken. A supplier says the breadcrumbs, on chicken sold to food-service customers, could contain milk. And Conagra Brands is recalling more than 700,000 pounds of spaghetti and meatball products because they were misbranded and contain milk.

NEW YORK (AP) — Sean “Diddy” Combs is the top earner on Forbes’ list of the 100 highest-paid celebrities. The magazine says Diddy brought in $130 million from June 1, 2016, to June 1, 2017. His Bad Boy Family Reunion Tour, a stake in Ciroc vodka and the $70 million sale of one-third of his Sean John clothing line all contributed to his earnings. No. 2 on the list is Beyonce, with $105 million in earnings. Harry Potter author J.K. Rowling brought in $95 million. Rapper Drake and Portuguese soccer superstar Cristiano Ronaldo round out the top five.

NORWALK, Conn. (AP) — Smirnoff vodka has a new ad campaign that references the investigation into Russian interference in last year’s U.S. presidential campaign. The ad, which already appears at bus stops and on billboards, says: “Made in America, but we’d be happy to talk about our ties to Russia under oath.” A spokesperson for the British company which owns Smirnoff, says in a statement the ad is “a wink and a nod to current affairs.” Smirnoff has been made in America for decades but its roots go back to Russia.

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