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March 22, 2012 06:17 PM

Thursday Evening Business Brief

Stocks dropped again today amid concerns about global growth prospects. The Dow slipped 78 points, or 0.6 percent, to 13,046. The S&P was down 10 points, while the Nasdaq declined 12 points.

  • President Barack Obama today traveled to Oklahoma's oil country to defend his record on energy. He ordered the government to fast-track an Oklahoma pipeline while accusing Congress of playing politics with a larger Canada-to-Gulf Coast project.
  • Legislation to help startup companies raise capital by reducing some federal regulations has won easy passage in the Senate. That's despite warnings from some Democrats that less government oversight would mean more abuse and scams.
  • Supermarket chains Kroger and Stop & Shop say they will join the growing list of store chains that will no longer sell beef that includes an additive that has been dubbed "pink slime." Federal regulators say the ammonia-treated filler, known in the industry as "lean, finely textured beef," meets food safety standards. But critics say the product could be unsafe and is an unappetizing example of industrialized food production.
  • The co-owner of a business that developed the Mr. Coffee coffeemaker popularized by Joe DiMaggio has died in Cleveland. A funeral home says Samuel Glazer died recently at the Cleveland Clinic. He was 89.
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  • Economy/Stocks

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