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February 07, 2015 01:25 PM

Saturday Business Brief

NEW YORK (AP) - A blockbuster jobs report is giving investors more confidence that the economy will grow. And many pulled their money from traditional safe havens such as dividend-paying stocks, as well as bonds and gold on Friday. That selling left major indexes slightly lower. The Dow dropped over 60 points. The S&P 500 lost seven and the Nasdaq fell nearly 21 points.

  • Oil prices climbed Friday but are still down by about half from June because of a glut in global supplies.  Benchmark U.S. crude rose $1.21, or 2.4 percent, to close at $51.69 a barrel in New York on Friday. Brent crude, the international standard, gained $1.23, or 2.2 percent, to end at $57.80 a barrel in London.
  • Anthem Inc. says the hackers who stole millions of records from the health insurer obtained the credentials of five different employees to try to penetrate the network. Anthem says they may have been inside the system since December. The hackers stole names, social security numbers and other information for up to 80 million Anthem customers.
  • A federal appeals court has issued a ruling supporting the owners of a former nightclub at the shuttered Revel Hotel Casino in Atlantic City and it could derail the casino's sale. The three-member panel in Philadelphia agreed with the nightclub's owners they can't be stripped of their rights in the $95 million bankruptcy sale until their appeal is heard.
  • Some cut-flower industry experts anticipate that heading into Valentine's Day, more people will choose American blooms over bouquets of imported flowers. U.S. Department of Agriculture numbers show that about 80 percent of cut flowers used in florists' bouquets are imported. But there's been a slight rebound in the number cut-flower growers in the U.S., and the Association of Specialty Cut Flower Growers boasts an all-time high of 700 members, most of which are based in the U.S.
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