BUSINESS NEWS APRIL 20TH, 2016
U.S. stocks moved higher Wednesday after a rebound in oil prices helped Wall Street extend its recent rally.The Dow Jones industrial average, up 43 or 0.2%, has now finished higher in six of the past seven sessions. The blue chip Dow was weighed down by shares of Coca-Cola (KO), which lost 4.8%. The soft drink icon topped lowered profit forecasts but reported profit and revenue declines from a year earlier amid a drop in soda volume due to weakness overseas.The broader Standard & Poor's 500 stock index was up 0.1% and the Nasdaq composite ticked up 0.2%.Both the Dow and S&P 500 are at 2016 highs. The Dow, at 18,096.27, is the highest it's been since July 20.
Anti-slavery activist Harriet Tubman will be the first woman to appear on a US banknote for more than a century. Tubman, who was born a slave in 1820 and helped at least 70 people escape slavery, will feature on the new $20 bill, the US Treasury announced. She will replace former President Andrew Jackson, a slave owner. The Treasury has dropped plans to remove the image of Alexander Hamilton, one of the founders of the US financial system, from the $10 bill. It had faced a backlash over the plan. While Ms Tubman will feature on the front of the $20 bill, Mr Jackson's image will move to the back.
MUSTANG IS NOW THE WORLD'S TOP SPORTS COUPE
Ford, which revamped the current Mustang with foreign sales in mind, says the pony car was the world's best-selling sports coupe last year, based on new sales numbers. About 19,000 out of a total of 141,000 Mustangs were sold outside the U.S. last year. Some of the hottest demand was in Europe, were 16,000 cars were sold. Despite high gas prices abroad, most customers are ordering the high-performance, but more fuel thirsty, V-8 engine. “U.S. consumers have enjoyed interesting foreign sports cars for decades, so it was time for the Americans to return the favor with the worldwide launch of the new Mustang,” says Erich Merkle,