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Tuesday Evening Business Brief

January 10, 2012, 5:44 PM

Tuesday Evening Business Brief
It was a good showing for the stock market today. The Dow added nearly 70 points, or 0.6 percent, to settle at 12,462. The S&P rose 11 points, while the Nasdaq gained about 26 points.
  • Sources close to the proposed deal say European regulators will push to block the planned $10 billion merger of the New York Stock Exchange and its German counterpart. Officials are said to fear that the combined company would unfairly dominate trading of financial derivatives in Europe.
  • A lawyer for the estates of two Upper Big Branch miners says Alpha Natural Resources has settled wrongful death lawsuits with the families of all 29 victims of West Virginia's 2010 disaster. Attorney Mark Moreland says the final deals were cut after a marathon mediation session. He says Alpha also settled lawsuits with at least seven miners hurt in the blast.  
  • Oil prices climbed Tuesday on expectations that China's economy - and its appetite for petroleum - will continue to grow in 2012. Benchmark crude rose by 93 cents to finish at $102.24 per barrel in New York. 
  • New figures from the Labor Department show U.S. employers increased hiring in November. At the same time, there was a slight drop in the number of jobs they advertised.

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