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November 15, 2013 06:50 PM

Friday Evening Business Brief

NEW YORK (AP) - Stocks are setting their latest record highs as the market closes out a sixth straight week of gains. It's the longest winning streak since February. The Dow Jones industrial average rose 85 points, or 0.5 percent, to 15,961 today. The S&P 500 index gained 7 ½ points, or 0.4 percent, to 1,798. The Nasdaq composite rose 13 points, or 0.3 percent, to 3,985.

  • Oil futures prices are up today as the promise of the continuation of the Federal Reserve's economic stimulus is balanced by abundant U.S. supplies. Benchmark crude for December delivery rose 8 cents, closing at $93.84 a barrel in New York. At the pump, the average price for a gallon of gasoline rose 1 cent to $3.20. That's still down 16 cents from a month ago.
  • JPMorgan Chase & Co. says it has reached a $4.5 billion settlement with investors over mortgage-backed securities. The settlement includes 21 major institutional investors. The mortgage-backed securities were issued by JPMorgan and Bear Stearns between 2005 and 2008.  JPMorgan acquired the failing investment bank Bear Stearns in March 2008.
  • McDonald's is looking to give people a little more wiggle room to customize their orders, as they can at some other chains. The company says it's testing a "build-your-own burger" concept in California that lets people pick from a variety of toppings. Its new Dollar Menu and More also features five sandwiches with different sauces and toppings.
  • A new automated system to detect debris on airport runways is now operating at Boston's Logan Airport. The 1.7 million system, developed by the Israeli firm Xsight Systems, is being used on Logan's busiest departure runway. The system uses sensors and video to detect debris. It's the first installation in the U.S. The system is in use at airports in Bangkok; Tel Aviv and Paris.
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