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July 27, 2010 06:46 PM

Evening Business Brief


The key averages had a mixed finish. The Dow gained 12 points to 10,538.
The S&P dropped 1 point, while the Nasdaq lost 8 points.
  • General Motors is pricing the Volt electric at $41,000, going on sale in November. That is about $8,000 more than the rival vehicle Nissan Leaf, but GM will offer a $350-per-month lease deal that's essentially identical to that of the Leaf.
  • Disney says it is buying online social gaming company Playdom for more than $560 million. The entertainment giant says it will use Playdom to strengthen its presence in social gaming, placing its characters, stories and brands within places like Facebook and MySpace.
  • Oil prices dropped today. Benchmark crude lost $1.48 to settle at $77.50 a barrel on the New York Mercantile Exchange.
  • Univision Communications has agreed to pay $1 million to settle allegations that its radio stations and employees accepted secret cash payments. That was to give more frequent airplay to artists with a former Univision recording label.
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