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July 06, 2010 06:46 PM

Evening Business Brief


Stock prices ended the day higher. The Dow rose 57 points to 9,744.
The S&P added 5 points to 1,028. The Nasdaq was up 2 points to 2,094.
  • The Obama administration is proposing new rules to tighten restrictions on pollution from coal-burning power plants in the eastern U.S., with the aim of cutting smog-causing emissions. The rule would overturn and toughen rules issued during the administration of former President George W. Bush.
  • Chewing gum maker Wrigley has agreed to pay as much as $7 million and change how it markets and labels its Eclipse gum to settle a lawsuit that alleged its ads were misleading.  Consumers sued Wrigley last year arguing the unit of privately-held Mars Inc. made misleading ad claims about the germ-killing properties of Eclipse.
  • Crude oil prices settled a bit lower. Benchmark crude for August delivery fell 16 cents to settle at $71.98 a gallon on the New York Mercantile Exchange.
  • Shares of electric car maker Tesla Motors ran low on voltage today. They dipped beneath the stock's initial public offering price after a stunning run-up last week.
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