Stocks slightly lower; Wilson buying Louisville Slugger brand; Twitter partners with Foursquare: P.M. Business News Links

Louisville Slugger; Wilson Sporting Goods

A Wilson baseball glove and a Louisville slugger bat sit on the field prior to a spring training baseball game between the Kansas City Royals and the San Francisco Giants on Monday, March 23, 2015, in Scottsdale, Ariz. Hillerich & Bradsby Co., the company that made bats for a who's who of baseball greats, including Babe Ruth and Ted Williams, announced a deal Monday to sell its Louisville Slugger brand to rival Wilson Sporting Goods Co. for $70 million.

(Ben Margot, Associated Press)

Stock market news:

A late turn pulled the stock market to a loss today, as major indexes wavered following a strong run last week. The Dow Jones industrial average lost 11.61 points to 18,116.04, the Nasdaq composite slipped 15.44 points to 5,010.97 and the S&P 500 fell 3.68 points to close at 2,104.42. (Associated Press)

European stocks fell today, with some major benchmarks pausing after ringing up record highs last week. (MarketWatch)

The dollar fell further today on views a Federal Reserve interest rate hike will come later rather than sooner, and the decline helped boost oil prices. (Reuters)

Business news:

The company that makes the iconic Louisville Slugger bats gripped by generations of ballplayers -- from Babe Ruth to David Wright -- announced a deal today to sell its Louisville Slugger brand to rival Wilson Sporting Goods for $70 million. (Associated Press)

Tenet Healthcare today said it would become the largest U.S. provider of outpatient surgery services through a joint venture with United Surgical Partners International and expects to fully own the company within five years. (Reuters)

Railroad stocks took a beating today, dragging down the broader transport sector, after Kansas City Southern cut its sales outlook, citing the negative effects of lower oil prices and continued weakness in the Mexican peso. (MarketWatch)

Herbalife shares surged for the third time in the past four trading days as the nutrition company tries to battle back from a regulatory probe and accusations by billionaire Bill Ackman. (Bloomberg News)

Sales of existing homes rose 1.2 percent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still underperforming by historical standards, the National Association of Realtors said today. (Associated Press)

Saudi Arabia's state-owned oil company is offering jobs to recently laid-off U.S. oil workers who lost their jobs because of low oil prices. (Daily Caller)

UN Women has cancelled a partnership with Uber that aimed to create jobs for women at the company after objections were raised about Uber's safety record with women and treatment of its drivers. (Time)

Technology news:

Twitter has entered into a partnership with Foursquare that has the potential to boost advertising revenue with more precise location data. (Investor's Business Daily)

As Apple gets ready to launch its first new product in five years, Cantor Fitzgerald is raising its price target to a level that would make Apple a $1 trillion company. (Bloomberg News)

Instagram is rolling out Layout, a free, standalone app that merges multiple images into one. (Mashable)

Users of the new Samsung Galaxy S6 or S6 Edge will be able to uninstall or disable preinstalled apps that in the past would have resisted removal. (CNET News)

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