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Friday Evening Business Brief

September 23, 2011, 4:55 PM

Friday Evening Business Brief
Today's modest gains weren't enough to rescue the stock market from a bad week. The Dow gained 38 points today, ending at 10,771. For the week, it was down more than 6 percent, mostly about worries surrounding Europe's economy.
  • Sound familiar? The Democratic-led Senate has blocked a House bill that would provide disaster aid and keep government agencies open. Congress has completed none of the 12 annual spending bills for the federal fiscal year that begins Oct. 1, meaning agencies would have to close their doors that day without fresh funding.
  • Hewlett-Packard shares ended off their worst levels of the session, but were down nevertheless a day after the company announced that Meg Whitman had been named the new CEO. HP was down 2 percent on the day to just over 22 dollars a share. 
  • What's left of the Blockbuster video store franchise is targeting embattled Netflix by offering a less
    expensive way to watch videos online and rent DVDs through the mail. The effort is being mounted by satellite-TV provider Dish Network, which bought Blockbuster out of bankruptcy court for $234
    million five months ago.
  • TV's "All My Children" signed off from ABC today after more than 40 years on-the-air. Even so, ABC has licensed the story to a production company that is hoping to keep the "All My Children" going online after the first of next year.

     

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