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March 19, 2012 05:26 PM

Monday Evening Business Brief

Stocks managed a higher finish on the trading session. The Dow added nearly 7 points, a gain of less than 0.1 percent, to 13,239. The S&P added 6 points, while the Nasdaq was up 23 points.

• The Federal Reserve says it plans to fine eight additional U.S. bank holding companies for improperly foreclosing on homeowners. The firms - EverBank, Goldman Sachs Group, HSBC Holdings PLC, PNC Financial Services Group, MetLife, OneWest Bank, SunTrust Banks and U.S. Bancorp - were not part of last month's settlement over alleged foreclosure abuses.

• Oil prices rose above $108 per barrel as optimism grows about a strengthening global economy. Benchmark U.S. crude added $1.03 to end the day at $108.09 per barrel in New York. 

• Houston-based TaxMasters has filed for bankruptcy protection. The move follows a legal challenge from Texas prosecutors who say the company's famed TV commercials mislead potential customers.

• Microsoft says it's not coming out with a new Xbox gaming console anytime soon. Some video game players had hoped that Microsoft would unveil an upgrade at the E3 Expo in June, a big, yearly video game conference in Los Angeles where game makers show off new wares and titles. Microsoft says it won't be discussing new Xbox hardware at the event.

  • Business
  • Economy/Stocks
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