Dow Tops 19000 on Post-Election Rally Gains
The Dow Jones rose 67.18 points to 19023.87 as discount retailers led gains after a broad market rally. Dollar Tree and Burlington Stores beat estimates while Medtronic's weak results weighed health care stocks. Major indices S and P rose modestly as the Russell 2000 hit new highs.
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New York
Medtronic
Dollar Tree
Burlington
Ken Perkins
Retail Metrics
Dow
Standard
U.S
Home Depot
TJX
Signet Jewelers
Perkins
TJ Maxx
Matt Miksic
UBS
Miksic
ABX Air pilots strike disrupts DHL and Amazon cargo flights
ABX Air pilots began a strike leading to flight cancellations and delayed deliveries for DHL and Amazon as the holiday season looms. The union reports 75 flights canceled while ABX seeks a court order to end the labor action. DHL warns delays across parts of the Americas.
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Wilmington
Amazon
DHL
ABX Air
Teamsters Union
ABX
John Starkovich
Air Transport Services Group Inc
Americas
Air Transport Service
Court blocks expanded overtime rule nationwide
A federal court in Texas halted a Obama era rule that would raise the salary threshold for overtime pay, potentially affecting about 4 million workers. Nevada Attorney General Adam Laxalt led the states in the lawsuit, arguing the Labor Department exceeded its authority and risking budget strains and layoffs if enacted. U.S. Secretary of Labor Thomas Perez defended the measure as restoring Fair Labor Standards Act intent.
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Las Vegas
Barack Obama
U.S. District Court
Texas
Department of Labor
Nevada
Adam Laxalt
Obama
Laxalt
U.S. Secretary of Labor
Thomas Perez
U.S
United States
Perez
GM to delay large Takata air bag recall on safety tests
Regulators approve GM a delay until August 31 to complete long term tests on Takata air bag inflators in older GM trucks and SUVs including the Chevrolet Silverado. GM could cancel the recall if safety is proven. GM had planned to recall 2.5 million vehicles in May for front-passenger inflators.
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Detroit
USS
General Motors
National Highway Traffic Safety Administration
U.S
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