NEW YORK (AP) — Stocks are slightly lower in afternoon trading on Wall Street, a day after the Standard & Poor’s 500 index closed at its latest record high. Today’s losses are broad but small. All 10 industry groups in the S&P 500 are down, led by industrials with a 0.5 percent drop.
WASHINGTON (AP) — U.S. companies advertised more jobs in April than in any month in six and a half years. The Labor Department says employers posted nearly 4.5 million jobs, up strongly from 4.2 million in March. That’s the largest number of job listings since September 2007. Companies have been slow to fill openings since the recession ended, so the increase in postings won’t automatically lead to more jobs.
NEW YORK (AP) — The president and CEO of Walmart.com is leaving at the end of the month to take a job as president of discount-store chain Five Below Inc. Joel Anderson was in his role for three years. Wal-Mart Stores says he’ll be succeeded by Fernando Madeira, who is currently president and CEO of Latin America at Walmart.com. He’ll be assuming a newly created role leading Walmart.com in the U.S., Latin America and any other growth areas.
SAN FRANCISCO (AP) — Google is buying Skybox Imaging, a 5-year-old startup based near Google’s Mountain View, California, headquarters. The $500 million acquisition initially will provide Google with the means to improve the quality and immediacy of the satellite imagery used in its digital maps. Eventually, Google hopes to build more satellites that could be used to beam Internet access to points around the world.
WASHINGTON (AP) — The Internal Revenue Service is announcing plans to publicize a “Bill of Rights” for taxpayers, including the right to quality service, the right to confidentiality and the right to a fair and just tax system. The IRS says it will post the rights at its offices and include an explanation of each one when the agency contacts taxpayers by mail. IRS Commissioner John Koskinen (KAHS’-kihn-ihn) notes that none of the 10 rights is new. All are buried somewhere in the thick pages of the federal tax code.
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