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Market Update  

- By Sue Chang, MarketWatch The Dow Jones Industrial Average is one of the oldest and best-known indexes in the world. It has, by its nature as a benchmark for the largest stock market in...
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Business News  

Britain, EU clash over Brexit proposals on citizens' rights
(AP Photo - Geert Vanden Wijngaert)
By RAF CASERT and LORNE COOK
From Associated Press
June 23, 2017 10:54 AM EST

BRUSSELS (AP) — The European Union and Britain on Friday tripped over the first item in their Brexit talks — protecting the rights of each other's citizens — highlighting the potential for trouble ahead in their marathon negotiations.

LANSING, Mich. (AP) — Gov. Rick Snyder is urging the Republican-led Michigan House to pass economic development tax incentives when it meets in July, saying there's still time to lure a Taiwanese electronics giant to the state.

COLUMBUS, Ohio (AP) — Governors in several states that opted to expand Medicaid under former President Barack Obama's health care law are wary of the Senate Republican plan to end the added federal funding for it within seven years.

WASHINGTON (AP) — Sales of new homes rebounded in May, helped by strong sales gains in the South and West. Sales new single-family homes rose 2.9 percent last month to a seasonally adjusted annual rate of 610,000, the Commerce Department reported Friday.

WASHINGTON (AP) — It was at Oregon's Timberline Lodge, later known as a setting in the horror movie "The Shining," where Patrick Doyle earned his first real paycheck.

Even CEOs have to start somewhere. Some of America's top executives made humbling debuts as teenagers in the workplace. They scrubbed toilets, cut tobacco, worked at McDonald's.

LONDON (AP) — European stock markets edged lower Friday amid ongoing unease over the outlook for oil prices as well as a slightly disappointing economic survey.

ROME (AP) — Italy's farm lobby is warning that agricultural production is plummeting nationwide because of prolonged heat and dry weather — and authorities are now rationing water and declaring a state of emergency in some areas.

LONDON (AP) — Few events outside of war can have quite as much potential impact on the economy of a country as Britain's decision a year ago to leave the European Union.

LONDON (AP) — The Irish government has sold 25 percent of Allied Irish Banks' shares, eight years after nationalizing the firm amid the financial crisis.

LONDON (AP) — The economy of the 19-country eurozone has just enjoyed its best quarter for more than six years, according to a closely watched survey.

FRANKFURT, Germany (AP) — The European Central Bank is asking for legal powers to oversee how transactions involving financial derivatives are settled — a hot topic in negotiations over Britain's departure from the European Union.

TOKYO (AP) — Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of getting delisted.

GENEVA (AP) — Switzerland's financial markets authority said Friday that it has taken action in two separate cases of insider trading and market manipulation, seizing millions of Swiss francs (dollars) of illegal profits and banning three traders from the industry.

BEIJING (AP) — Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments on sensitive issues.

BRUSSELS (AP) — The Latest on the European Union summit (all times local): 11:20 p.m. German Chancellor Angela Merkel says Britain's promise to grant full rights to EU citizens who have been living in Britain for five years a "a good start" to Brexit talks.

KUALA LUMPUR, Malaysia (AP) — The Chinese owner of Sweden's Volvo Cars will inject $40 million into Malaysia's Proton as part of its purchase of a key stake in the automaker, an executive of the Malaysian company said Friday.

WASHINGTON (AP) — Senate Republicans launched their plan for shriveling Barack Obama's health care law Thursday, edging a step closer to their dream of repeal with a bill that would slice and reshape Medicaid for the poor, relax rules on insurers and end tax increases on higher earners that have helped finance expanded coverage for millions.

HONG KONG (AP) — Asian shares are ending the week on a subdued note with most indexes little changed Friday as the price of oil halted its decline, while still hovering near its lowest level in almost a year.

SAN FRANCISCO (AP) — Uber acknowledged hiring a former Google engineer — now accused of stealing self-driving car technology — despite having received warnings that he was still carrying around some of his former employer's property.

BANGKOK (AP) — The text-messaging service Line plans to inaugurate an indoor digital theme park in Thailand's capital, seeking to squeeze maximum advantage from its popularity in the country, its second biggest market after Japan.

DALLAS (AP) — Qatar Airways wants to buy 10 percent of American Airlines, a move cloaked so heavily in international trade and politics that American's CEO finds it puzzling.

WASHINGTON (AP) — All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday.

SAN FRANCISCO (AP) — At Facebook, mere "sharing" is getting old. Finding deeper meaning in online communities is the next big thing.