Industrials

Pulling water from Lake Michigan for Foxconn plant approved

The Wisconsin Department of Natural Resources has approved a request to pull millions of gallons of water daily from Lake Michigan to serve a new Foxconn Technology Group manufacturing plant, helping the Taiwanese electronics giant clear a major regulatory hurdle.

Asian stocks slip following sell-off on Wall Street

U.S. stocks are higher Tuesday morning as investors applaud strong first-quarter results from companies including machinery maker Caterpillar, appliance maker Whirlpool and Fifth Third Bancorp.

Business Highlights

___ Sell-off in industrial, tech stocks sends Dow down 400 NEW YORK (AP) — After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of the year.