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Stocks higher…Job postings up…LL Bean bonuses

NEW YORK (AP) — Stocks are rising in afternoon trading on Wall Street, with technology companies and retailers posting broad gains. The market is trying to erase last week’s sharp drop, which marked the worst week of the year. Otherwise, it’s been a strong showing for stocks so far in 2019, with all the major indexes showing a gain of at least 10 percent.

WASHINGTON (AP) — U.S. employers posted nearly 7.6 million job openings in January, near a record high set in November. It’s evidence that businesses are still hungry for workers despite signs the economy has slowed. The Labor Department says hiring also rose and the number of people quitting their jobs picked up. The strong job market is already pushing up wages more quickly, with hourly wages rising in February at the fastest pace in nine years.

CAMDEN, N.J.(AP) — Authorities say a police officer and three firefighters are among seven more people charged in a $50 million prescription drug scheme that has already produced nearly two dozen guilty pleas. The defendants allegedly used a network of recruiters, doctors, and state and local employees to get reimbursed for phony prescriptions along with expensive and medically unnecessary compounded medications. Authorities say the scheme exploited the fact that some public worker benefits programs offered reimbursement for those expensive medications.

FREEPORT, Maine (AP) — Outdoors retailer L.L. Bean says sales edged upward over the past year and that’s enough to restore bonuses for its 5,400 eligible workers. The Maine-based company said that revenue grew by 1 percent in a changing and challenging environment for retailers. The company’s board awarded performance bonuses of 5 percent for eligible workers.

FORT WORTH, Texas (AP) — American Airlines says it is suspending flights to Venezuela because of safety concerns. The decision comes shortly after the pilots’ union told its members to refuse assignments to Venezuela because of a State Department warning about dangerous conditions. American was the last big U.S. airline still flying to the troubled country.

Associated Press

Associated Press

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