US stocks move higher, led by gains in energy companies

 

Major U.S. stock indexes surged in afternoon trading Monday, as investors cheered encouraging economic data and the latest batch of corporate deal news. Expectations that any increase in the Federal Reserve's key interest rate this year will be gradual also helped lift the market.

  • Written by ALEX VEIGA, AP Business Writer

Late audits halt trading in Morgan Stanley-backed stocks

WASHINGTON (AP) — Two major companies in a prominent $1.4 billion Asia investment fund managed by New York banking giant Morgan Stanley unexpectedly told securities regulators they will not file their financial statements on time and froze trading in their stocks, actions generally considered to be cause for concern.

  • Written by JEFF HORWITZ, Associated Press

Federal funding in short supply for rural water projects

ALBUQUERQUE, N.M. (AP) — A pipeline project intended to bring billions of gallons of water a year to a drought-stricken section of eastern New Mexico represents a lifeline to parched communities that are quickly running out of water.

  • Written by SUSAN MONTOYA BRYAN, Associated Press

Pentagon chief may ease military enlistment standards

WASHINGTON (AP) — Defense Secretary Ash Carter is considering easing some military enlistment standards as part of a broader set of initiatives to better attract and keep quality service members and civilians across the Defense Department.

  • Written by LOLITA C. BALDOR, Associated Press