Stocks rise as S&P 500 sets new record; Hershey unveils new logo; Apple appeals Samsung sales ban ruling: P.M. Business News Links

Hershey Logo Change

This image provided by The Hershey Company shows the company's old and new corporate logos. On Friday, Aug. 29, 2014, the candy maker announced a new design, which adds a Kisses chocolate at the end of the company's name. (AP Photo/The Hershey Company)

(AP)

Stock market update:

Stocks closed with modest gains today in light trading, building on weekly and monthly advances, as largely upbeat U.S. economic data offset overseas worries. The S&P 500 rose 6.63 points to close at 2,003.37 for its 32nd record close this year, the Dow Jones gained 18.88 points to end at 17,098.45 and the Nasdaq Composite tacked on 22.58 points to 4,580.27. (MarketWatch)

Canada's main stock index ended higher today, capping its third straight month of gains as a rise in energy and financial shares helped offset investor nervousness over global geopolitical tensions. (Reuters)

The euro slid for a seventh-week, the longest stretch in more than a decade, as a report showed gains in consumer prices in the region slowed this month. (Bloomberg News)

Business news:

Hershey Co. unveiled new corporate branding today, including a new logo with a Hershey's kiss that was unpopular with many Internet commenters. (Chicago Tribune)

Household purchases unexpectedly decreased 0.1 percent in July, the first drop in six months, after rising 0.4 percent the prior month, Commerce Department figures showed today in Washington. (Bloomberg News)

A&E Networks is close to taking a 10 percent stake in Vice Media that would value the company at $2.5 billion. (Reuters)

The Illinois Department of Natural Resources released a long-awaited plan today to regulate high-volume oil and gas drilling that supporters hope could bring an economic boost to southern Illinois but environmentalists fear may be too lenient. (Associated Press)

Beaten-down U.S. coal company stocks may receive a lift in coming weeks if deteriorating relations between Russia and the West push President Vladimir Putin to shut off Europe's natural gas supply. (Reuters)

A recent study suggests that around one-third of Americans use a debit or credit cards to pay for purchases as small as $5 or less. (ValueWalk)

Eurozone inflation dropped to a fresh five-year low in August, data showed today, something likely to concern the European Central Bank but not force it into immediate policy action. (Reuters)

Technology news:

Apple today filed an appeal to a judge's ruling from earlier this week that denied a sales ban on Samsung devices. (CNET News)

Microsoft has finally decided to shut down its MSN Messenger service, an instant messenger client launched in an era of the Internet when AOL's AIM still mattered. (VentureBeat)

European Union regulators gave their final approval for Telefonica Deutschland's bid to acquire German mobile operator E-Plus from the Dutch telecommunication group KPN on Friday. (Deutsche Welle)

Nintendo used today's Nintendo Direct for Japan to unveil some major updates to its 3DS lineup. (PC Magazine)

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