Ford revives old gas guzzling models

The markets traded mixed during the midday with the Dow losing 27 points to 19,859. Nasdaq rose 14 points to 5,546.


Ford announced at the North American International Auto Show that it would revive some of its more profitable big gas guzzling truck and sport utility vehicle models. The automaker's Michigan Assembly Plant will build the Ranger midsize pickup truck and the Bronco SUV. The Ranger will be available in 2019 while the Bronco will roll off the assembly line in 2020.


The European Commission proposed new e-privacy laws that will guarantee the privacy of communications of people who use email and messaging services. Internet service providers and mobile network operators must secure the consent of users before using cookies and implementing direct marketing ad campaigns. If approved, the new rules will negatively impact the revenue of services such as WhatsApp and iMessage.


A district judge ordered Wal-Mart to pay $16.08 million to a former pharmacist to settle a gender bias suit. A jury originally decided on a $31.22 million award but the sum was reduced by the judge. Efforts by Wal-Mart to overturn the verdict have been rejected.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index edged up a fraction to 2,269. Bitcoin rose $8 to $887.


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