New York / AFP Wal-Mart and some smaller retailers surged following strong quarterly results, while the broader US market retreated on worries about higher interest rates. Wal-Mart Stores jumped 9.6 percent after reporting better-than-expected first-quarter earnings. Sports apparel and equipment chain Dick’s Sporting Goods and youth-oriented apparel chain Urban Outfitters soared 8.6 percent and 14.0 percent following earnings. The results …

  Hillsboro / AP A high-flying drone that will be used to test precision agriculture methods made its inaugural flight in North Dakota amid handshakes and smiles from aircraft operators and farm officials. The Israeli-manufactured Elbit Systems Hermes 450 aircraft took off from the Hillsboro airport to start a summer-long project that will take pictures of farmland in the fertile Red …

  SAN FRANCISCO / AP Apple is getting ready to unveil a stylish new product that’s not for sale — a new look for its stores. The iPhone maker is overhauling its nearly 480 stores worldwide, starting with its new two-storey location in San Francisco. Apple provided a glimpse of its revised approach to retailing, the 15th anniversary of the …