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January 26, 2012 05:54 PM

Thursday Evening Business Brief


Investors took some profits after pushing the Dow to its highest level since the financial crisis. The Dow fell 22 points or 0.2 percent to 12,735. The S&P slipped nearly 8 points to 1,318. And the Nadsaq lost 13 points to 2,805.

  • On a three-day, five-state swing this week, President Barack Obama is working to land votes from Hispanics in politically important states, setting himself up as a champion of the crucial Latino voting bloc. As he continued to pitch his economic plan, Obama today focused on energy policy and attempts to expand oil and gas exploration.
  • A federal judge says she will not delay an order in a 12-year-old lawsuit against the tobacco industry while other courts decide newer cases challenging tobacco marketing restrictions and graphic cigarette warning labels. The federal judge issued the decision in a case in which America's largest cigarette makers - including Philip Morris USA, maker of top-selling Marlboro cigarettes - were found to have concealed the dangers of smoking for decades.
  • Starbucks' fiscal first-quarter profit increased 10 percent, adding more stores, customers and new products. Both earnings and revenue topped analyst expectations. The shares edged lower in after-hours trading.
  • The price of natural gas today dropped for the first time in a week after the government said U.S. supplies are still well above what's normal for this time of year. The Energy Department says the nation's natural gas supplies are 21 percent higher than the five-year average.


     
  • Business
  • Economy/Stocks
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