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Wednesday Evening Business Brief

September 12, 2012, 5:57 PM

Wednesday Evening Business Brief
  • Stock prices finished the session with modest gains. The Dow rose 10 points to 13,333. The S&P was up 3 points, while the Nasdaq rose nearly 10 points.
  • It is a milestone for efforts to stabilize Europe's financial markets. Germany's highest court has allowed creation of Europe's $640 billion rescue fund for indebted governments by rejecting calls to block it.
  • Apple's iPhone 5 will be in stores in the U.S. and several other countries Sept. 21. The phone is thinner and lighter than the iPhone 4S and a third of an inch taller.
  • The price of oil dropped a bit today on the New York Mercantile Exchange. Benchmark crude fell 16 cents to settle at $97.01 a barrel.
  • A federal bankruptcy judge has approved three labor contracts ratified by union workers at American Airlines. The approval covers deals with flight attendants, mechanics and maintenance clerks.

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