Business

Business briefs

HopStop sold

Apple has agreed to buy online transit-navigation service HopStop.com, sources said. Apple is seeking to improve mapping tools after a rocky debut for its directions software last year.

Heat on Miami

The SEC yesterday accused the city of Miami and its former budget director with securities fraud related to several municipal bond offerings.

GE lights it up

An improving outlook for the US economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008. GE surged 4.6 percent to close at $24.72.

RetailMeNot

RetailMeNot, a provider of online coupons from more than 60,000 retailers and brands, surged 32 percent on its first day of trading. It closed at $27.70 on the Nasdaq.

Reverse flow

Mutual funds that invest in the shares of US companies had $4.55 billion of inflows during the week through July 10, ending seven consecutive weeks of withdrawals, according to data released yesterday.