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Saturday Business Brief

April 28, 2012, 12:41 PM

Saturday Business Brief

The Dow gained 24 points, or 0.2 percent, Friday to finish at 13,228. That helped the lift the index into positive territory for the month. For the week, the Dow was up 1.5 percent, the S&P 500 gained 1.8 percent and the Nasdaq rose 2.3 percent.

  • The coming week is a busy one for economic reports. On Friday, the Labor Department releases the monthly unemployment report.
  • Amazon.com has reached an agreement with Texas officials to settle a sales tax dispute by expanding operations in the state and starting to collect sales taxes. The deal comes less than a year after Amazon shut down a distribution center in Irving to protest a $269 million tax bill sent by the Texas Comptroller in 2010.
  • The nation's broadcasters lobby says it is unfair because they are being singled out among media. The Federal Communications Commission has voted to require broadcast TV stations to post online the advertising rates they charge political candidates and advocacy groups. Network-affiliated stations in the top 50 markets will have six months to comply. For all others, the deadline is 2014.
  • In Friday trading, Gold for June delivery rose $4.30 to $1,664.80 per ounce. May silver rose 14 cents to $31.35 per ounce. Benchmark oil rose 38 cents to end at $104.93 per barrel in New York.

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