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September 08, 2011 05:27 PM

Thursday Evening Business Brief


With investors awaiting tonight's speech from the president, they sent stocks lower after hearing from Federal Reserve Chairman Ben Bernanke.
The Dow fell 119 points or 1 percent to 11,296. The S&P was down nearly 13 points, while the Nasdaq shed about 20 points.
  • Federal Reserve Chairman Ben Bernanke says the central bank still has a range of options to consider at its next policy meeting. In his speech in Minneapolis today, Bernanke said he's surprised how cautious consumers are two years after the recession officially ended.
  • Facing tough odds, President Barack Obama tonight appeals to a divided Congress Thursday night for his proposed solutions to help the job market. His planned message to Republican lawmakers: This is your mess to clean up, too.
  • Rate this transaction. Google is gobbling up restaurant review service Zagat in the effort to further connect people with local businesses. Founders Nina and Tim Zagat will remain co-chairs of the 32-year-old company, using Google's resources and expertise to expand.
  • Crude prices fell today. Benchmark crude dropped 29 cents on to settle at $89.05 per barrel in New York.
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