The markets traded mixed during the midday with the Dow slipping 15 points to 18,582 as crude oil prices eased. Nasdaq added 2 points to 5,243.
Yet another retailer fell victim to malware attacks. Eddie Bauer warned that customers who used credit cards in any North American store between January 2, 2016 and July 17, 2016 may have had their credit card information stolen. Identity protection services have been offered to customers who may have been affected by the data breach.
Production at German Volkswagen factories were forced to stop after a supplier refused to deliver parts to the plant. Volkswagen had cancelled a contract with Prevent Group. In retaliation, the auto parts supplier suspended deliveries of seat components and transmission parts. A court ordered the supplier to resume deliveries last week.
A proposed $100 million settlement between Uber and its drivers in California and Massachusetts has been rejected by a federal judge. The two class action lawsuit claimed that drivers should be treated as employees rather than contractors. The judge ruled that the settlement was not fair, accurate or reasonable for drivers.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 slipped 3 points to 2,183. Bitcoin eased a fraction to $571.
