Economic Indicators

Chevron agrees to $160 million upgrade, fines to end probe

Federal officials say Chevron Corp. has agreed to pay a nearly $3 million fine and spend $160 million on environmental improvements and upgrading oil refineries to resolve allegations the company violated pollution laws.

Microsoft's fiscal 1Q shines with help from new bright spots

Microsoft Corp.'s expansion beyond its empire in personal computer software paid off again in its fiscal first quarter as it mined new revenue sources in online subscriptions, gaming and its LinkedIn professional networking service.

Business Highlights

___ Tech companies lead another steep sell-off in US stocks NEW YORK (AP) —Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the be nchmark S&P 500 index to a sixth day.

How major US stock indexes fared Wednesday

Stocks closed sharply lower on Wall Street Wednesday, led by a swoon in technology companies that erased the S&P 500 and the Dow Jones Industrial Average's gains for the year.