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Evening Business Brief

July 14, 2009, 6:24 PM


Stock prices moved higher Tuesday. The Dow rose 28 points to 8,359. The S&P gained 5 to 906 and the Nasdaq managed a 6 and a-half point rise to 1,800.

  • As the unemployment rate continues to rise, President Barack Obama traveled to Michigan to propose a $12 billion program to invest in the nation's two-year colleges. The idea is to help train millions of unemployed people for jobs that he says will be created when the economy improves.
  • Oil prices settled under $60 a barrel again today. Benchmark crude for August delivery fell 17 cents to
    settle at $59.52 a barrel on the New York Mercantile Exchange.
  • Intel reports profit and sales that topped Wall Street's forecasts, when analysts overlook a nearly $1.5
    billion antitrust fine from the European Union. When the fine is included, the world's biggest semiconductor company suffered a net loss. Intel also raised sales guidance for the current quarter.
  • The Blockbuster video rental chain is hoping that a new partnership with Samsung will help it counter
    competition from Netflix. Samsung's next generation of high-definition TVs will include a built-in feature that allow users to see the latest DVD releases from Blockbuster with the press of a button on the remote control.
     

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