Business

Business briefs: U.S. stocks close higher for a third day; Dow, S&P at records

NEW YORK -- The stock market crept to a record high in a quiet session on Monday.

Investors had little news to weigh because most major companies have finished reporting first-quarter results. The Dow Jones industrial average added 26.32 points, or 0.1 percent, to 18,298.88. The Standard & Poor's rose 6.47 points, or 0.3 percent, to 2,129.20 and the Nasdaq composite rose 30.15 points, or 0.6 percent, to 5,078.44.

Among the winners was Apple, which rose $1.42, or 1 percent, to $130.19.

First-quarter results are tallied up, and the Federal Reserve appears to be waiting to raise interest rates until later this year.

Visit Sarasota County hosts grant workshops

SARASOTA -- Visit Sarasota County will host two informational workshops on its tourism marketing grant application process.

The marketing grants are designed to garner more tourism for Sarasota County. Available to Sarasota County organizations, the grant money can only be spent for marketing their organization or tourist friendly-event outside of Sarasota County. The agency will introduce a new online process this year and all potential applicants must send a representative to one of the two sessions.

The sessions will be June 4, 9-10 a.m. at the Venice Area Association of Realtors, 680 Substation Road, Venice, and 4-5 p.m., Hilton Garden Inn, 8270 N Tamiami Trail, Sarasota.

Anyone planning to attend should RSVP Shantel Norman at snorman@visitsarasota.org.

Starbucks partners with Spotify for online music

SEATTLE -- Starbucks, which in March stopped peddling CDs at the counter, is fully embracing the online music business with a new sidekick: popular streaming service Spotify.

Starbucks and Spotify unveiled a "multi-year" collaboration Monday to give baristas and customers a say in the playlist in each store, and listen to that music at home or elsewhere through either the Starbucks or Spotify apps.

The joint effort also will allow Spotify subscribers to earn points in Starbucks' growing loyalty program.

-- Herald staff and wire reports

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