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Tuesday Evening Business Brief

February 14, 2012, 5:40 PM

Tuesday Evening Business Brief
Stocks ended today's session little changed, recovering from session lows. The Dow was up 4 points, to 12,878.  The S&P fell 1 to 1,351, while the Nasdaq rose a fraction of a point.
  • President Barack Obama has assured the man who is thought to be in line to be the next leader of China that the U.S. welcomes Beijing's ascent. But he also repeated longstanding concerns over human rights to the Chinese vice president, which Obama described as a "critical issue."
  • A judge has granted California and four other states more time to consider objecting to a class-action settlement between automaker Honda and car owners over inflated fuel-efficiency claims about the automaker's hybrid vehicles. The states' interest in the proposed settlement came shortly after Honda owner Heather Peters won $9,867 in small claims court - much more than the couple hundred dollars cash that the settlement is offering.
  • Yahoo's negotiations to sell most of its Asian holdings have abruptly broken down in a disagreement over the sales price and the best way to get the complex deal done. A person familiar with the matter confirms the impasse. At issue are Yahoo's efforts to sell its stakes in China's Alibaba Group and Yahoo Japan.
  • The price of oil was little changed in New York today. Benchmark crude fell 17 cents to finish at $100.74 per barrel.

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