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July 27, 2013 11:46 AM

Saturday Business Brief

NEW YORK (AP) - Stock traders are looking ahead to a deluge of potentially market-moving events next week. A mixed batch of earnings results on Friday gave investors little direction and the market ended little changed. Volume was thin. The S&P 500 index inched up a point. The Dow Jones industrial average rose three points. And the Nasdaq composite was up eight points.

  • Drivers are getting a small break at the gas pump because the oil market has cooled off. The average price of regular gas fell 2 cents over the past week to $3.65 a gallon. On Friday, oil dropped 79 cents to close at $104.70 in New York. For the week, the price of crude fell $3.35, or 3.1 percent, the first weekly decline since mid-June.
  • JPMorgan is considering selling part of its commodities business. The bank says it's considering a "full range of options," for the unit, which trades in oil, natural gas and base metals such as copper. The lender is also mulling a spin-off or a partnership as alternatives. A spokesman says the decision is driven by several factors including the potential of new regulations.
  • A joint venture will spend $3 billion to build a 465-mile pipeline to bring natural gas from Alabama to Georgia and Florida. Spectra Energy and NextEra Energy will build the project for Florida Power & Light Co. The new pipeline will end in Orlando, Fla., connecting there with two existing pipelines. Construction is expected to start in 2016. It will create thousands of jobs.
  • Ford Motor Co. is recalling 33,021 C-Max hybrid cars because they may not adequately protect occupants' heads in a crash. Vehicles involved were made between Jan. 19, 2012, and June 25, 2013 and don't have panoramic roofs. Ford will notify owners of the recall next month. Dealers will install additional energy absorbing material between the car's headliner and the roof.
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