Stocks remain lower...Mortgage rates edge down...Feds nix eagle penalties for California wind farm

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Associated Press

Posted on June 26, 2014 at 3:00 PM

Updated Thursday, Jun 26 at 3:00 PM

NEW YORK (AP) — Wall Street's main stock indexes have rebounded from their morning lows but remain in negative territory in afternoon trading. Barclays is taking a big hit, down 6 percent after New York's attorney general sued the British bank, saying that it misled large institutional investors by saying it was protecting them from predatory high-frequency traders. GoPro is up more than 30 percent in its first day of trading on the Nasdaq.

WASHINGTON (AP) — Mortgages rates are edging downward. Freddie Mac says the average rate for a 30-year fixed loan eased to 4.14 percent this week. The average for the 15-year mortgage fell to 3.22 percent. Mortgage rates are about a quarter of a percentage point higher than they were at this time last year.

FRESNO, Calif. (AP) — A California wind farm has struck a deal with federal officials making it the first in the nation to avoid prosecution if eagles are injured or die when they run into the giant turning blades. The U.S. Fish and Wildlife Service says the Shiloh IV Wind Project, 60 miles east of San Francisco, will receive a special permit allowing accidental harm to up to five eagles over five years. The agency says the permit encourages development of renewable energy while still requiring the company to help protect eagles.

WASHINGTON (AP) — A giant food service company says it's reversing its decision to bump thousands of college cafeteria workers from its health plan. Sodexo says it will restore eligibility for health care and other benefits next year to many of the affected workers. Sodexo had justified its original decision by saying it was aligning corporate policies with the requirements of President Barack Obama's health care law. But the move fueled a union organizing drive and campus protests.

DETROIT (AP) — General Motors is preparing to recall about 33,000 Chevrolet Cruze compact cars because the air bags might not inflate properly in a crash. GM says the cars were built with an incorrect part made by Japanese supplier Takata. The recall affects some 2013 and 2014 Cruzes and could come as soon as tomorrow. GM says the problem is different from the issue that led to a recall earlier this week affecting BMW, Chrysler, Ford, Honda, Mazda, Nissan and Toyota.

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