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Automakers have also had significant losses after reporting disappointing sales figures for March General Motors fell 4 percent and Fiat Chrysler increased 5 percent 7.
Electric car maker Tesla bucked the trend and jumped 5 percent after reporting sharply higher shipments in the first quarter.
A 1 m p Eastern time, the Dow fell 75 points to 20 589 S P 500 is down 10 points to 2353, and the Nasdaq is down 23 points to 5889.
Small-company stocks fell more than the broader market.
Bond prices have increased the performance of the note of 10-year Treasury fell to 2 33 percent.
US factories expand again in March, but at a slower pace.
US factories expanded for the seventh consecutive month in March, but at a slightly slower pace than they did in February.
The Institute for Supply Management said its manufacturing index slipped to 57 last month s 2 57 7 February, which was the highest in more than two years still, anything above 50 signals growth, and March reading was slightly better than economists expected.
New orders and production grew more slowly last month, but hiring and new export orders grew faster, according to the ISM, a trade group of purchasing managers The Department of Labor reported earlier that factories added 28,000 jobs in February, the most in more than a year.
The US construction spending rose to nearly 11-year high.
U developers accelerated construction spending in February to the highest amount of nearly 11 years, led by more houses, construction of roads and schools.
The Commerce Department said construction spending rose 0 8 percent in February to the highest level since April 2006, after two months of decline.
Builders are quickly set up more homes in response to strong demand has pushed up the price of existing homes, however, he did not yet enough to relieve a shortage of housing for sale The building could stimulate the economy accelerated this year.
State governments and local spent 0 9 percent more on construction, driven by the roads, schools and recreational buildings.
Trucks, SUV sales are increasing as continue to slide car sales.
The love story of America with SUVs and trucks continued in March as General Motors, Honda and Nissan reported an increase in sales for both, but that's offset by the decline in car sales, pushing overall sales for Honda and Ford down compared to last year.
Ford experienced a sharp drop in sales for the month, down 7 percent from March 2015 5 Honda's sales were also off, 2 percent of GM reported a gain of nearly 2 percent, while Nissan sales rose just over 3 percent.
AP Interview Trump pro-business stance buoys Saudi effort.
The Saudi prince in charge of attracting foreign investment, said the pro-business administration of President Donald Trump may be a good thing for the kingdom as it revises its economy and preparing to the public list of oil giant of shares owned Aramco State.
Prince Saud bin Khalid al-Faisal, acting governor of the Saudi Arabian General Investment Authority, said the visit last month to Washington by Vice heir Prince Mohammed bin Salman.
He said today the Associated Press on the sidelines of the annual investment meeting in Dubai that the White House may be aware that the business opportunities and investments in Saudi Arabia can benefit U S.
Saudi Arabia is preparing to list less than 5 percent next year Aramco in what could be the biggest flotation in history.
Shares dive UK chip manufacturers 66 pct after Apple contract.
Shares of chip maker Imagination Technologies has plunged more than 60 percent today after announcing that Apple plans to stop using its products.
U K -Based multimedia company, processor, and Apple says communication technology no longer use the intellectual property of the group in its new products within two years that would mean the company wouldn t be eligible for royalty payments relating to existing agreements.
Imagination said Apple has used for years the company's technology in the graphics processing units of its phones, tablets, and watches, but said he is working on a separate design, independent control for its products.
The European Union introduced new rules to help prevent the minerals used to fund armed conflicts.
The rules adopted today will force EU member countries to identify the source of their imports of tin, tantalum, tungsten and gold in 2021 They must also ensure that their supply chains not contribute to the financing of armed conflict.
The four metals are used to make products such as mobile phones, cars or jewelry, but armed groups often use forced labor to operate and use the proceeds from the sale to finance wars, insurgencies or businesses criminal.
Interior Ministry repeals Obama era rule on coal royalties.
The Ministry of Interior is a rule Obama scrapped the time to ensure that the donation coal companies t shortchange taxpayers on huge volumes of coal extracted from public lands, primarily in the West.
Trump administration had put the rule on hold after the mining companies have challenged federal court in regulatory action today rule repeals Obama era and begin a search process for public comment on whether to change the way coal extracted values the government on federal lands.
Trump administration described the repeal as another sign, he stopped a war called coal by the federal government.
Ministry of Justice for ten years, the Sanofi vaccine unit VA overcharged on drugs.
The vaccines unit of French pharmaceutical company Sanofi SA will pay 19 9000000 fine for overloading the U S Department of Veterans Affairs for two products between 2002 and 2011.
By law, drug manufacturers can not charge the VA over a maximum level called the federal ceiling price of drugs.
The Justice Department said Sanofi Pasteur notified the VA that it had miscalculated the price of some drugs from 2007 to 2011, and overcharged and the VA.
An investigation by the Office of the Inspector General was then determined overcharging the VA dated 2002.
Sanofi Pasteur is based in Swiftwater, Pennsylvania.
The former president VW sells most of the indirect stake in the company.
Former board chairman Ferdinand Piech Volkswagen has agreed to sell most of its important indirect stake in the company.
Piech held about 15 percent of Porsche Automobil Holding SE, a stake valued at about 1 billion euros 1 1 2 billion.
The holding company said Piech has entered into an agreement to sell a substantial portion of these shares to other members of the Porsche and Piech families.
The sale to insiders instead of an outside investor avoids weakening of control over Volkswagen by members of both families.
Piech has served as CEO of Volkswagen 1993-2002 and as chairman of the board until he resigned after a dispute with family members in 2015, a few months before the new cars Volkswagen had erupted equipped to cheat on U. diesel emissions testing
Former Sen. Kelly Ayotte joins the board of News Corp. Murdoch.
Former New Hampshire Sen. Kelly Ayotte AY -aht joined the board of News Corp. Rupert Murdoch
Murdoch, CEO of the company, praised the addition of Ayotte on the board, saying she'll bring the leadership and invaluable skills of strategic planning Ayotte said News Corp is important to keep people informed and value for investors.
Ayotte, a Republican, lost his seat in the US Senate last fall in the former governor Maggie Hassan, a Democrat It's since been helping the candidate to the Supreme Court President Donald Trump, Neil Gorsuch, through the process of confirmation.
The judge approved the settlement Rhode Island 38 Studios.
A federal judge approved a settlement in a lawsuit by the U S Securities and Exchange Commission on Rhode Island 75 million failed to agree with the video game company owned by former Red Sox pitcher Curt Schilling Boston.
Under the settlement approved today by U S Judge Jack McConnell district economic development agency of the State will pay a penalty 50000 He did not admit wrongdoing.
Schilling's 38 Studios moved from Massachusetts to Rhode Island for a state loan of 75 million guarantee, then went bankrupt.
The SEC lawsuit alleged the state agency and Wells Fargo Securities made misleading statements about the bonds used to finance the transaction.
The trial is ongoing against Wells Fargo and one of its employees they contested the allegations and said that no investor was injured.
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Update on the latest business, business, construction spending rose, the company's indirect holding, in March General Motors.