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June 26, 2012 06:26 PM

Tuesday Evening Business Brief

Wall Street has made up some of yesterday's losses. The Dow Jones industrial average rose 32 points, the Nasdaq was up 18 and the S&P 500 gained six. Homebuilders led stocks higher on news that a measure of national home prices posted its first increase in seven months.

  • Crude oil futures prices edged higher today on the New York Mercantile Exchange, rising 15 cents to close at $79.36 a barrel. But gasoline prices are at a five-month low. The national average is now about $3.40 a gallon.
  • Coca-Cola and its bottlers plan to invest an additional $3 billion in India over the next eight years to boost the soda giant's stake in the rapidly growing market. The world's biggest beverage maker is seeing some of its biggest gains come from emerging markets as growth at home slows.
  • Best Buy's founder may be considering a bid to take the electronics retailer private, according to a report by the Wall Street Journal. Richard Schulze is the largest shareholder by far in Best Buy and has said previously he is considering options for his 20 percent stake. The Journal report sent Best Buy shares up 5 percent.
  • It may be deceitful, but it's no longer a crime in Rhode Island to go online and lie about something as innocuous as your weight or your age. State lawmakers voted this month to repeal an obscure 1989 law that made fibbing on the Internet a misdemeanor punishable by fines of up to $500 and as much as a year in prison.
  • Business
  • Economy/Stocks

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