Stocks Edged Higher after ADP Data

U.S. stocks edged higher in the early trading on Wednesday as data showed companies added to payrolls last month. The Dow Jones Industrial Average laterly gained 11.62 points, or 0.07%, to 16,544.23. The S&P 500 was up 1.38 points, or 0.07%, at 1,886.90. The Nasdaq Composite added 8.01 points, or 0.19%, at 4,276.05.

Private-sector employers added the most jobs in three months during March, and quicker hiring may be ahead, Automatic Data Processing Inc. reported Wednesday. ADP said private-sector employers added 191,000 jobs last month, up from 178,000 in February.

General Motors Co (GM in 2005 decided not to change an ignition switch eventually linked to the deaths of at least 13 people because it would have added about a dollar to the cost of each car, according to an internal GM document provided to U.S. congressional investigators.

Monsanto Co. (MON) reported its second-quarter profit rose to $1.67 billion, or $3.15 a share, from $1.48 billion, or $2.74 a share, a year earlier. Adjusted earnings were $3.15 a share. Revenue rose to $5.83 billion, from $5.47 billion a year earlier, the agricultural company said Wednesday.

Chrysler will recall 644,354 vehicles due to a problem with the brakes that may inhibit ease of use, according to the U.S. Department of Transportation Tuesday.

BlackBerry Ltd. (BBRY) said it will not renew the T-Mobile U.S. Inc. (TMUS) license to sell BlackBerry products, due to expire April 25, 2014.

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