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Friday Evening Business Brief

February 3, 2012, 5:30 PM

Friday Evening Business Brief
With a gain of 157 points, or 1.2 percent, the Dow Jones industrial average has closed at 12,862. That's the highest level since before the 2008 financial crisis. The S&P surged 19 points to 1,345, while the Nasdaq rose 46 points to 2,906.
  • Today's January jobs report was surprisingly positive. Companies added 243,000 jobs last month and unemployment fell to 8.3 percent, the lowest in three years.
  • The head of memory chip maker Micron Technology is dead after the small experimental plane he was piloting crashed at the Boise, Idaho, airport. That's the word from the company. Fifty-one-year-old Steve Appleton was chief executive and chairman of Micron, as well as a professional stunt pilot.
  • New York's attorney general has accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry. He says it puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
  • A four-year blueprint for aviation programs that speeds the transition to a new air traffic control system based on GPS technology has been given final approval by the House despite last-minute objections from organized labor. Final Senate action is expected Monday, capping a five-year struggle that included a partial shutdown of the FAA last summer.


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