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Evening Business Brief

September 24, 2010, 6:34 PM

Evening Business Brief
A banner day for the bulls on Wall Street. The Dow gained 198 points to 10,860. The S&P was up about 24 points, while the Nasdaq rose 54 points. The key market averages saw gains of more than 2 percent this week.
  • One-time "Today" show producer Jeff Zucker plans to leave his job as CEO of NBC Universal. He'll depart once Comcast takes control of the entertainment giant later this year.
  • Several top executives at Citigroup are getting salary raises in stock. And that could lead to multimillion dollar increases in their total compensation. CEO Vikram Pandit will still get just $1 in pay this year but is in line for a raise next year.
  • A key House committee has approved a bill that would give the U.S. government the power to impose sanctions on China and other countries found to be manipulating their currencies to gain trade advantages. Democratic leaders say the measure will be taken up by the full House next week. Supporters say the bill would protect U.S. jobs against unfair trade competition at a time of high unemployment.
  • Crude prices piggybacked on the rise in stocks amid indications of an improving economy. Benchmark oil for November delivery rose $1.31 to settle at $76.49 a barrel on the New York Mercantile Exchange.

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