Huffman, 12 other parents to plead guilty in college scheme
BOSTON (AP) — Actress Felicity Huffman has agreed to plead guilty in the college admissions cheating scandal. Court documents made public Monday show Huffman and 12 other prominent parents will plead guilty in the scheme. Huffman was accused of paying $15,000 to have a proctor boost her older daughter's SAT score. Huffman was among 50 people charged in what authorities have described as the biggest college admissions scam ever prosecuted by the U.S. Justice Department.
S&P 500 ekes out gain, enough to extend winning streak
NEW YORK (AP) — The S&P 500 eked out a small gain after a late push in the final half hour of trading, enough to prolong its longest winning streak in a year and a half, at eight days, but the Dow Jones Industrial Average ended lower due to another big loss for Boeing. Most stock movements were modest, and the S&P 500 was nearly evenly split between winners and losers as investors looked ahead to a busy week for markets with updates scheduled for corporate earnings, the U.S. economy and global trade.
Facebook, Google face widening crackdown over online content
LONDON (AP) — Social media giants like Facebook and Google are coming under increasing pressure in Europe, where countries are proposing stricter rules to force them to block extreme material such as terrorist propaganda and child porn. Britain on Monday called for a first-of-its-kind watchdog for social media that could fine executives and even ban companies. And a European Union parliamentary committee approved a bill giving internet companies an hour to take down terror-related material or face fines.
Theresa May woos UK opponents and EU leaders over Brexit
LONDON (AP) — Prime Minister Theresa May is wooing domestic political opponents and European leaders as she seeks to break Britain's Brexit impasse and secure a delay to the country's departure from the European Union. May's Conservative government and the main opposition Labour Party are clinging to hope of finding a compromise Brexit deal, two days before EU leaders decide whether to grant an extension to the U.K.'s departure.
Big Tech feels the heat as US moves to protect consumer data
WASHINGTON (AP) — Momentum is gaining in Washington for a privacy law that could sharply rein in the ability of the largest technology companies to collect and distribute people's personal data. A national law, the first of its kind in the U.S., could allow people to see or prohibit the use of their data. Companies would need permission to release a consumer's private information.
Pinterest sets conservative pricing after Lyft drop
NEW YORK (AP) — Pinterest wants to raise about $1.5 billion in its initial public offering of shares. Pinterest, among the gaggle of tech companies hoping to go public this year, set a conservative price range Monday for its initial public offering. That, at the higher end, could put the value of the company at around $9 billion. But it falls below the estimated $12 billion value from earlier sales of shares to private investors, according to reports two years ago.
Putin hosts Turkey's leader to discuss weapons deal, Syria
MOSCOW (AP) — Russian President Vladimir Putin is hosting his Turkish counterpart, Recep Tayyip Erdogan, in Moscow for talks focusing on the situation in Syria, the sale of advanced Russian missiles to Turkey and other economic deals. Erdogan's visit to Russia, his third since the year's start, underlined increasingly close ties between the two countries. It also reflected Turkey's readiness to defy Washington's demand to spike a deal for Turkey to purchase Russia's S-400 air defense missile systems.
Nissan shareholders OK ouster of ex-chair Ghosn from board
TOKYO (AP) — Nissan's shareholders have ousted the automaker's former chairman Carlos Ghosn from its board. The decision Monday moves the company one step closer to shutting the door on an era capped by scandal. More than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting and signaled their approval for dismissing Ghosn with applause. They also approved the appointment of French alliance partner Renault SA's Chairman Jean-Dominique Senard to replace Ghosn.
Fed puts forward proposals to modify bank regulations
WASHINGTON (AP) — The Federal Reserve is putting forward two proposals to modify regulations put in place after the 2008 financial crisis that the banking industry complained were too restrictive. The proposed regulatory changes were approved on a 4-1 vote with Fed board member Lael Brainard opposing the changes.
Ford workers in Russia protest planned closure
ST. PETERSBURG, Russia (AP) — Ford workers in Russia have started work-to-rule action over plans to close a plant. Mikhail Sergeyev, head of a trade union which represents around a third of the St. Petersburg plant's 900-strong workforce, has told The Associated Press the work-to-rule will continue until Ford negotiates, and it's already causing disruption.
The S&P 500 rose 3.03 points, or 0.1%, to 2,895.77. The Dow slipped 83.97, or 0.3%, to 26,341.02. The Nasdaq gained 15.19, or 0.2%, to 7,953.88. The Russell 2000 index of small-cap stocks fell 3.55, or 0.2%, to 1,579.00.