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Wednesday Afternoon Business Brief

April 23, 2014, 2:55 PM

Wednesday Afternoon Business Brief

NEW YORK (AP) - Wall Street's six-day rally is taking a pause. The major stock indexes are off their lows of the day but still in negative territory, as investors react to the latest quarterly earnings news and a worse-than-expected report on new home sales. Airline stocks are among the biggest advancers after positive earnings news from Delta Air Lines and Boeing. Surgical robot maker Intuitive Surgical dropped 11 percent.

  • Canada is requiring the type of rail tankers involved in last year's oil train explosion in Quebec to be phased out or retrofitted within three years. Canada's transport minister says the least crash-resistant of the DOT-111 tank cars that carry crude oil and ethanol must be removed from the rails immediately. Forty-seven people were killed and about 30 buildings destroyed when a runaway oil train derailed near the Maine border in July.
     
  • First lady Michelle Obama has announced a new online effort to link soldiers leaving the military with jobs that match their skill sets. She says the new Veterans Employment Center provides one-stop shopping for troops as they transition to civilian life. Mrs. Obama and Vice President Joe Biden's wife, Jill, made the announcement today at Fort Campbell along the Kentucky-Tennessee state line.
     
  • AOL says it will license full-length movies from Miramax for free viewing with advertisements by its U.S. visitors. The web portal didn't say which movies it would offer through its AOL On Network, but said they would be refreshed monthly and span a range of genres. Miramax has a library of more than 700 films including "Pulp Fiction," ''Chicago," ''Good Will Hunting," and "The English Patient."
     
  • Google is now offering trips down memory lane on its digital maps. The new twist on time travel is making its debut today as part of Google's "Street View" feature. Street View snapshots will now include an option to see what neighborhoods and landmarks looked like at different periods during the past seven years. Some of them illustrate dramatic changes, such as the gradual recovery of New Orleans neighborhoods following Hurricane Katrina.

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