NEW YORK (AP) — It’s shaping up as a relatively quiet trading day on Wall Street. The Dow is down in afternoon trading, but the broader indexes are higher. IBM is dragging the blue-chip index lower after reporting earnings that missed Wall Street’s expectations. The company also missed on revenue and warns that it may not meet its profit goals for the foreseeable future. IBM is the biggest decliner in both the Dow and in the S&P 500, with shares off about 7 percent.
DETROIT (AP) — Federal regulators are making an urgent plea to more than 4.7 million vehicle owners whose air bags have been recalled to get them repaired. The inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are inflated in crashes. The warning covers cars made by Toyota, Honda, Mazda, BMW, Nissan, General Motors and Ford. Safety advocates say the problem has led to at least four deaths.
NEW YORK (AP) — A research group says it expects China’s economy to slow over the next decade. The Conference Board forecasts that growth in the world’s No. 2 economy will slow to 4 percent per year between 2020 and 2025. That’s well below Beijing’s target of 7.5 for this year. China’s growth peaked at about 14 percent in 2007, driven by exports and spending on assets such as factories and apartment buildings. China’s leaders now want more growth based on Chinese consumer spending.
DENVER (AP) — Colorado health officials want to ban many edible forms of marijuana. The Colorado Department of Public Health and Environment says brownies, cookies and most candies containing edible marijuana in “are naturally attractive to children” and violate the law’s “requirement to prevent the marketing of marijuana products to children.” The recommendation was obtained by The Associated Press in advance of a third and possibly final workgroup meeting today on rules to keep edible marijuana products from being confused with regular foods.
WASHINGTON (AP) — The World Trade Organization has rejected U.S. rules requiring labels on packaged steaks, ribs and other cuts of meat identifying where the animals were born, raised and slaughtered. In a ruling today, the WTO says the requirements put Canadian and Mexican livestock at an unfair disadvantage. The decision comes as a defeat for consumer groups and some farmers, especially those who compete with Canadian ranchers.
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