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August 06, 2012 06:09 PM

Monday Evening Business Brief

U.S. stocks closed the session higher in the face of no fresh economic news. The Dow was up 21 points, or 0.2 percent, to 13,118. The S&P was up 3 points, while the Nasdaq added 22 points.

  • HCA Holdings says the Justice Department wants information about heart procedures performed at some of its facilities. The nation's biggest hospital operator also said in an unusual posting on its website that The New York Times may soon run news stories on patient care at its hospitals. The Times declined to comment when contacted by The Associated Press. HCA runs 163 hospitals and 110 free-standing surgery centers.
  • Shares of Best Buy were up 13 percent today. Best Buy's co-founder has offered to take the electronics seller private only months after leaving as the company's chairman.
  • Oil rose above $92 per barrel for the first time in more than two weeks. Oil has gained nearly 20 percent since hitting a low of $77.69 in late June.
  • Time Warner's Turner Broadcasting System says that it has bought sports news website Bleacher Report in a strategic move meant to help sell more ads and cover the cost of sports programming. Having Bleacher Report will give Turner more outlets to show video from those games and make money through ads. Levy said Bleacher Report expands Turner's ability to sell ad packages that cover not just TV but websites and mobile properties as well. Terms of the deal were not announced.
  • Business
  • Economy/Stocks
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