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January 31, 2012 06:32 PM

Tuesday Evening Business Brief


Stocks ended today's trading little changed, capping the best month in over a decade for the S&P, up more than 4 percent.
Today, the Dow fell 21 points, or 0.2 percent, to 12,633.  The S&P fell less than a point, while the Nasdaq rose nearly 2 points.
  • By one measure, consumer confidence slipped in January after two straight months of big gains. Americans grew more concerned about their incomes as well as rising gas prices and overall business conditions.
  • Venturing just a few blocks from The White House, President Barack Obama today toured the Washington Auto Show. Looking to draw a contrast between himself and GOP opponent Mitt Romney, who opposed the government's industry bailout, the president said: "It's good to remember the fact that there were some folks who were willing to let this industry die."
  • Radio broadcasting giant Clear Channel says it's taking a minority stake in the production company of "American Idol" host Ryan Seacrest. In a separate deal, Clear Channel's majority investors, Thomas H. Lee Partners and Bain Capital, are committing a total of $300 million to work with Seacrest's company to find, buy and develop media companies.
  • Good news for fans of lobster. Maine's fisheries commissioner says the state's lobstermen last year harvested a record of more than 100 million pounds of lobster.  That's not so good for the people doing the work, who are being hurt by low prices amid all of the supply.
  • Business
  • Economy/Stocks
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