Stocks tumble with Fed's next move in focus, Apple losses deepen: Stock market news today

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Stocks were lower on Thursday amid building signs the US economy could be running hot.

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The move to acquire East Ohio Gas, Questar Gas, and Public Service Co of North Carolina would double Enbridge's gas distribution business and make it the largest gas utility by volume in North America, with the unit accounting for a bit less than a fourth of the company's overall business mix. The deal announced on Tuesday is seen as a bet on the future of natural gas in a regulated market even as energy companies and consumers transition to a greener future by phasing out fossil fuels.

 

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