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Evening Business Brief

July 30, 2010, 6:38 PM

Evening Business Brief
Stocks ended a choppy session little changed.  The Dow fell 1 point to 10,466. The S&P was flat and the Nasdaq gained 3 points. The Dow rose 7 in July, the best monthly showing in a year.
  • President Barack Obama is hailing the recent resurgence for U.S. automakers. Traveling to Michigan today, he said thousands of new jobs show the administration was right to bailout the industry.
  • Disney is selling Miramax Films to a group of investors for $660 million. The deal announced today ends speculation that founders Bob and Harvey Weinstein could regain control of the studio they launched more than three decades ago.  The studio was behind such Oscar winners as "Shakespeare in Love," "Chicago" and "No Country for Old Men."
  • Delta Air Lines will pay $38 million to settle criminal accusations that the cargo unit of Northwest Airlines fixed prices. The Justice Department announced the guilty plea by Northwest Airlines. Delta bought Northwest in 2008, and the two carriers have since been combined.
  • A bit of an increase for crude prices. Benchmark crude for September delivery was up 59 cents to settle at $78.95 a barrel on the New York Mercantile Exchange.

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