UNDATED (AP) — Stocks are ending mostly higher after recovering from an early plunge. Energy companies rose the most after the price of crude oil turned higher. The Dow Jones industrial average edged down 24 ½ points to 16,117. Broader indexes fared better. The S&P 500 edged up a fraction of a point to 1,862. The Nasdaq composite gained two points to 4,217.
DATELINE (AP) — The price of oil is rebounding a little despite an Energy Department report showing a sharp increase in U.S. stockpiles. Benchmark U.S. crude rose 92 cents to close at $82.70 a barrel today on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 69 cents to close at $84.47 on the ICE Futures exchange in London.
WASHINGTON (AP) — The Treasury Department says foreign buyers of U.S. Treasury securities boosted their holdings in August to a record high. China, the largest foreign owner of Treasury debt, increased its holdings after two months of reductions. A monthly report says foreign holdings increased 1.1 percent to an all-time high of $6.07 trillion, after having fallen by 0.3 percent in July.
WASHINGTON (AP) — Federal health advisers say a bold-letter warning about suicide risks with Pfizer’s Chantix should remain on the anti-smoking drug until it can reevaluated based on new, rigorous study information. Pfizer has asked regulators to drop the warning, pointing to recent studies suggesting there’s no increased risk of psychiatric problems among people taking Chantix.
NEW YORK (AP) — Starbucks says it will start letting customers across the country place orders ahead of time on their smartphones by next year. The Seattle-based chain says it will introduce the option in Portland, Oregon, later this year before the national rollout in 2015. Starbucks has been making a big push to convince people to sign up for its mobile payment app.
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