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Friday Evening Business Brief

February 24, 2012, 5:41 PM

Friday Evening Business Brief

Stocks finished today's session little changed, but with the S&P's 2 point gain, it closed at the highest level since June 2008. The Dow was down 2 points to 12,983, while theNasdaq rose 7 to 2,964.      
  • With tensions high over Iran's nuclear program, oil prices are flirting with last year's highs. Benchmark crude rose nearly $2 to settle at just under $110 a barrel in New York.
  • A Southern California judge has awarded $850 to an iPhone user because AT&T reduced his download speeds in an attempt to manage usage on its network. The ruling could set the stage for others to file suit over so-called data throttling.
  • A prosecutor has told jurors at Texas tycoon R. Allen Stanford's fraud trial that computer hard drives belonging to the outside auditor for Stanford's Caribbean bank apparently were erased after the auditor died. Prosecutors allege the bank was at the center of a Ponzi scheme that took billions from investors and Stanford bribed the auditor to help him hide the fraud.
  •  Southwest Airlines is opening a new pilot crew base and flight attendant crew base at Denver International Airport. The facilities will bring about 250 pilots and at least 400 flight attendants to Denver.

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