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Stocks slip...FTC study finds credit report errors...Boeing makes another test flight
Monday - 2/11/2013, 3:39pm EST
NEW YORK (AP) -- With the major market indexes near record highs, Wall Street is taking a pause today. Stocks are modestly lower in afternoon trading. The S&P 500 ended last week at its highest level since November 2007, and has climbed higher for six weeks in a row.
WASHINGTON (AP) -- A government study finds that one in five consumers had an error in a credit report issued by a major agency. The Federal Trade Commission also says 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans or other financial products. The FTC study looked at reports for 1,001 consumers issued by the three major agencies, Equifax, Experian and TransUnion.
SEATTLE (AP) -- Boeing has conducted another 787 test flight as it tries to find out what caused battery problems that have knocked the plane out of airline service. The flight took off today from Boeing Field in Seattle, according to flight-tracking service FlightAware. Federal officials grounded the 787 on Jan. 16. Boeing won permission for test flights last week, and the first one was conducted on Saturday.
LOS ANGELES (AP) -- Premium pay TV channel Starz has renewed its agreement to carry movies from Sony Pictures through films hitting theaters in 2021. The deal comes two months after Netflix snatched future Disney movies from Starz. The deal will extend Sony's relationship with Starz by five years.
ATLANTIC CITY, N.J. (AP) -- Guests at one New Jersey casino won't even have to get out of bed in order to place a bet. The Borgata Hotel Casino & Spa in Atlantic City says it will become the first casino in the United States to let guests gamble over hotel room TV sets, starting next week. Its E-Casino program will let guests with player's cards set up electronic accounts and risk up to $2,500 a day.
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