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Stocks mostly higher…Justice to fight fraud in gov’t contracting…AT&T to pay $60 million fine

NEW YORK (AP) _ Stocks closed mostly higher on Wall Street, marking another set of records for the Dow and the Nasdaq. The S&P slipped slightly, weighed down by losses in health care, technology and other sectors. Banks and energy companies did well. Bank of America and Exxon Mobil rose. The S&P fell 3 points, or 0.1%, to 3,074. The Dow climbed 30 points, or 0.1%, to 27,492. The Nasdaq edged up 1 point to 8,434. The yield on the 10-year Treasury rose to 1.86%.

WASHINGTON (AP) _ The Justice Department is forming a special group of prosecutors and watchdogs from several agencies to fight bid-rigging, price fixing and other fraud that hurts competition in federal government contracting. Officials say the new effort against collusion in government procurement aims to eliminate waste, fraud and abuse in contracting. They noted that last year the federal government spent more than $550 billion, or about 40% of all non-mandated spending, on contracts for goods and services.

UNDATED (AP) _ AT&T will pay $60 million to settle the government’s allegation that it misled customers of unlimited-data plans by slowing down service for heavy users. The Federal Trade Commission said today that AT&T will automatically provide partial refunds to customers who signed up for unlimited wireless plans before 2011. The agency says AT&T is required to say prominently if data speeds or amounts are restricted.

UNDATED (AP) _ The grounding of the Boeing Max jet after two deadly crashes is about to hit the CEO in his bank account. Boeing’s new chairman says Dennis Muilenburg will forgo bonuses until the 737 Max returns to flying. Lawmakers hammered the CEO last week for not stepping down or sacrificing any pay in the aftermath of crashes that killed 346 people.

NEW YORK (AP) _ One of the executives who prompted the staff revolt at the sports website Deadspin says that he’s quitting, a few days after his entire staff left. Paul Maidment says it was the right moment for him to pursue another opportunity. Maidment and his bosses had ordered Deadspin employees to stick to sports in their postings, and refrain from writing about culture, politics and the media. Employees rejected the edict and quit.

Associated Press


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