Markets Right Now: Dow, Russell at new highs as stocks gain

NEW YORK (AP) — The latest on developments in financial markets (All times local):

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US indexes turn higher, helped by phone company stocks

NEW YORK (AP) — Stock indexes turned slightly higher in mid-afternoon trading Tuesday, helped by shares of telecommunications companies such as Verizon, Sprint and AT&T, while the rest of the market remained mostly flat. The upturn put the Dow Jones industrial average rose on track for another record high close. Small company stocks also rose sharply.

Alaska Airlines gets US approval to buy Virgin America

WASHINGTON (AP) — Alaska Airlines has won government approval to buy rival Virgin America after agreeing to reduce its flight-selling partnership with American Airlines.

Pence to talk to conservative group at Trump's new DC hotel

NEW YORK (AP) — Vice President-elect Mike Pence will deliver a speech on Tuesday night to a conservative group at Donald Trump's new Washington D.C. hotel, raising anew conflict of interest questions surrounding the venue.

US productivity up 3.1 percent in third quarter

WASHINGTON (AP) — The productivity of American workers rose in the July-September quarter at the fastest pace in two years while labor costs slowed after a big jump in the spring.

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US factory orders up 2.7 percent in October

WASHINGTON (AP) — Orders to U.S. factories rose in October by the largest amount in 16 months but a key category that tracks business investment posted an anemic gain.

US trade deficit widens in October from a nearly 3-year low

WASHINGTON (AP) — The U.S. trade deficit climbed in October from its lowest monthly level in nearly three years. Imports of consumer goods such as medicine, cell phones and clothing increased, while exports of soybeans, gold and artwork tumbled_which fueled the monthly widening of the trade gap.

US factory orders climb 2.7 percent in October, best gain in 16 months, but investment lags

WASHINGTON (AP) — US factory orders climb 2.7 percent in October, best gain in 16 months, but investment lags.

South Korea's Park would leave economy mired in challenges

SEOUL, South Korea (AP) — The heir to the Samsung empire and other tycoons took a public drubbing by lawmakers Tuesday over deep-rooted ties between politics and business that helped drive South Korea's economic ascent but are central to its political crisis.

Indonesia takes new step to combat loss of forests, fires

JAKARTA, Indonesia (AP) — Indonesia has strengthened its moratorium on converting peat swamps to plantations in a move a conservation research group says will help prevent annual fires and substantially cut the country's carbon emissions if properly implemented.

Court: Star Chinese investor pleads guilty in stock case

BEIJING (AP) — A Chinese court says a star securities trader who was arrested following last year's stock market collapse has pleaded guilty to insider trading and manipulating share prices.

Ikea to offer expanded parental leave in stronger job market

NEW YORK (AP) — Ikea's U.S. division is offering longer parental leave to employees who are new parents, following similar overtures from tech companies like Netflix as it strives to keep good workers in an improving job market.

China appeals to US to stop disrupting acquisitions

BEIJING (AP) — China has urged Washington to stop disrupting its foreign corporate acquisitions after President Barack Obama blocked the purchase of a German maker of semiconductor manufacturing equipment as a security risk.

Former Fed official Edward W. 'Mike' Kelley Jr. dies at 84

WASHINGTON (AP) — Edward W. "Mike" Kelley Jr., who served 14 years as a member of the Federal Reserve Board and was instrumental in modernizing the banking operations of the Federal Reserve system, has died. He was 84.

United Airlines mechanics approve contract

CHICAGO (AP) — Mechanics at United Airlines have approved a six-year labor deal, the latest in a string of pay-raising contracts in the now profitable industry.

Rates on US Treasury bills flat to higher in weekly auction

WASHINGTON (AP) — Interest rates on short-term Treasury bills were flat to higher in Monday's auction, with six-month bills reaching their highest level in three weeks.

Figures on government spending and debt

WASHINGTON (AP) — Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

Business Highlights


How the Dow Jones industrial average finished Monday

U.S. stocks resumed their climb Monday as investors bought stocks that stand to benefit from economic growth, like banks, as well as technology companies, which have been mostly left out of a post-election rally. The Dow Jones industrial set another record high.

ConocoPhillips and Fairpoint rise; Dominion falls

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:

Cereal maker General Mills to cut as many as 600 jobs

NEW YORK (AP) — General Mills, which has been struggling with weaker sales for its cereal and yogurt, plans to cut between 400 and 600 jobs around the world as it restructures its business.

Amazon Go store is checkout free

NEW YORK (AP) - Amazon is testing a grocery store model in Seattle that works without checkout lines.

US services firms grow at fastest pace since October 2015

WASHINGTON (AP) — U.S. services companies expanded last month at their fastest pace in more than a year, an encouraging sign for the economy.

Liz Weston: Gift cards aren't gifts

If it's the thought that counts, then gift cards don't count much at all.

Stepdad's attorney: my client 100% vehemently denies murder charges

Sources: Rocks shooting suspect injured in escape attempt

Albany man facing child pornography charges

First slot machines arrive at Schenectady's new Rivers Casino

'Cancel order!' Trump says new Air Force One cost ridiculous

Governor Cuomo probing racial bias in NY prisons after Times story

New York's governor has launched an investigation into racial bias in the state prison system following an investigation by The New York Times.

Police: Schenectady man bought sneakers with fake cash

Amazon Go store is checkout free

Oil pipeline protesters celebrate tempered victory

Crossgates Mall shooting suspect pleads not guilty