Stock market update:
The stock market couldn't shake off a case of the jitters from last week and closed sharply lower again today. The Dow Jones industrial average fell 223.03 points to 16,321.07, the S&P 500 index slid 31.39 points to 1,874.74 and the Nasdaq composite shed 62.58 points to 4,213.66. ( Associated Press)
European stocks slipped today, extending a run of declines stemming from concerns about stagnant growth in the eurozone. ( MarketWatch)
Gold has advanced to its highest level in nearly four weeks as worries about global economic growth weaken the U.S. dollar and spur investor appetite for a haven. ( Financial Review)
Business news:
Fiat Chrysler Automobiles opened on the New York Stock Exchange today, and the price was relatively stable. ( USA Today)
In a move that surprised few, Abigail Johnson today formally succeeded her father, Edward 'Ned' Johnson III, as chief executive officer of Fidelity Investments. ( Forbes)
JCPenney's newly tapped CEO has a big challenge ahead of him: The troubled chain is showing signs of improvement after racking up billions in losses, but still hasn't figured out how to get shoppers back into its department stores. ( Associated Press)
McDonald's is confronting unappetizing questions as it embarks on a U.S. campaign to explain why its burgers may not rot and there are no worms in its beef. ( Associated Press)
General Electric's aircraft leasing division, the world's largest, has agreed to buy Milestone Aviation Group for $1.78 billion to add helicopters to its portfolio of rental assets. ( Bloomberg News)
Chicago Federal Reserve President Charles Evans said today the U.S. government should take advantage of low borrowing costs to accelerate needed infrastructure investment. ( Reuters)
France faced intensifying pressure from euro zone peers today to tighten spending next year amid a growing rift over its plans to flout European budget rules. ( Reuters)
Technology news:
French low-cost telecoms operator Iliad abandoned its attempt to buy T-Mobile US today because of resistance from majority owner Deutsche Telekom, becoming the third bidder to walk away in three years. ( Reuters)
After word spread last week that some 200,000 Snapchat photos had leaked online, third-party site Snapsaved.com is now taking responsibility for the whole debacle. ( PC Magazine)
Chinese consumers may have preordered as many as 20 million iPhone 6 units in just three short days. ( CNET News)
The nation's largest flight attendant union is now suing the FAA to have the ban on gadget use during takeoff and landing reinstated. ( PC Magazine)
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