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August 09, 2012 05:32 PM

Thursday Evening Business Brief

Stocks continued to meander in today's trading. The Dow fell 10 points, the Nasdaq rose 7 and the S&P 500 split the difference, rising a fraction of a point.

  • Nearly bankrupt, the U.S. Postal Service has reported losses of $57 million a day in the latest quarter, or more than $5 billion, warning that it will miss another payment to the U.S. Treasury. This, just a week after its first-ever default on a payment for future retiree health benefits.
  • The U.S. Labor Department appears to have posted sensitive economic data on its website before the scheduled release time. An analyst for a financial research firm saw the report on unemployment benefits on the department's website shortly after 8 a.m. Eastern and sent a note to clients about it at 8:10 a.m. The official release time is 8:30 a.m.
  • Computer security firm Kaspersky says it has discovered a new batch of malicious software linked to the infrastructure-wrecking Stuxnet virus. The Moscow-based company says it has found a virus dubbed "Gauss" which it says was aimed at stealing financial information from its mainly Middle Eastern victims.
  • U.S. drivers are now paying an average of $3.66 per gallon for gasoline, a penny more than this day last year. Gas is up 10 percent from July 1 and experts say pump prices could keep rising through Labor Day.
  • Business
  • Economy/Stocks
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