Industrials

Gap and Walmart slump while NXP and Rite Aid rise

Stocks that moved substantially or traded heavily Tuesday: Rite Aid Corp., up 7 cents to $2.20 Grocery store company Albertsons agreed to buy more than 2,500 of Rite Aid's remaining stores.

Uber pulls out of Morocco amid tensions

Uber is pulling out of Morocco — a decision the San Francisco-headquartered company say is linked to the North African country's failure to reform its strict transport rules.

New Jersey adding trains to deal with delays, crowding

New Jersey Transit is returning 20 passenger rail cars to service and leasing another 20 from Maryland to ease car shortages and overcrowding among other changes aimed at remaking the agency, Gov. Phil Murphy said Thursday.

Business Highlights

___ US mortgage rates climb to a nearly 4-year peak WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week to their highest level in nearly four years.

Amtrak: We'll stop service on tracks lacking speed controls

Amtrak is considering suspending service on tracks that don't have sophisticated speed controls by a Dec. 31 deadline, the railroad's top executive said Thursday, threatening to disrupt operations across the U.S. in a push to strengthen safety after a series of deadly wrecks.

World stock markets rise as inflation fears subside

Asian shares posted solid gains on Thursday that mirrored Wall Street's advance as investors' worries over inflation receded, although trading was thin as some markets closed for Lunar New Year holidays.