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November 22, 2013 05:44 PM

Friday Evening Business Brief

  • The Standard & Poor's 500 index is closing above 1,800 for the first time. The broad index rose nine points, or 0.5 percent, to 1,804 today. The Dow Jones industrial average is also continuing its upward march, climbing 55 points to 16,064. And the Nasdaq gained 22 points, closing at 3,991. The stock market is on track for a 27 percent gain this year.
  • The price of oil has slipped to just under $95 but it's still finishing the week with a gain of $1 a barrel. Benchmark crude for January delivery fell 60 cents to close at $94.84 today in New York. The increase from a week ago is largely due to an improving U.S. jobs picture. Meanwhile, Triple-A says the average price of a gallon rose 2 cents today to $3.24.
  • The chairman of the Federal Communications Commission says even he isn't a fan of cellphone calls on planes. Tom Wheeler clarified his comments today after setting off a uproar among airline passengers by saying the government might permit calls above 10,000 feet.  Wheeler says the FCC recognizes there's no technical reason to prohibit the use of mobile devices but that It will ultimately be up to individual airlines to decide if they want to allow calls or not.
  • Bangladesh still isn't meeting the benchmarks set by the U.S. government for restoration of trade benefits suspended after a garment factory collapse that killed more than 1,100 people. That's according to a report by Robert Menendez, chairman of Senate Committee on Foreign Relations. It says the country still needs to improve factory safety and labor rights.
  • For the first time, the Obama administration is taking action against wind farms for killing eagles.  In a settlement announced today, Duke Energy will pay $1 million for killing 14 golden eagles over the past three years at two Wyoming wind farms. A federal study has found that wind energy facilities in 10 states had killed at least 67 golden and bald eagles since 2008.
  • Business
  • Economy/Stocks
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