Stocks under pressure...Retail sales slide in October...Should new technology be required for cars?

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Associated Press

Posted on November 14, 2012 at 11:02 AM

NEW YORK (AP) — Stocks are trading lower in the early going this morning. The market has struggled since the election on fears that officials in Washington won't be able to overcome differences and head off the "fiscal cliff" at the beginning of the new year.

WASHINGTON (AP) — President Barack Obama is lobbying business and labor groups to support $1.6 trillion in new revenue to avoid the fiscal cliff, while telling the two sides he remains committed to requiring the wealthy to pay more in taxes. He's meeting with about a dozen business executives.

WASHINGTON (AP) — Retail sales slipped in October. Superstorm Sandy also depressed car sales and slowed business in the Northeast at the end of the month. The Commerce Department says sales dropped 0.3 percent.

WASHINGTON (AP) — Federal accident investigators say the government should require automakers to make the latest collision-prevention technologies standard equipment on all new cars and trucks. The National Transportation Safety Board says it would reduce fatal highway accidents by more than half.

WASHINGTON (AP) — The Labor Department says wholesale prices fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food. The Producer Price Index slipped 0.2 percent, the first drop since May.

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