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Friday Morning Business Brief

November 2, 2012, 5:46 AM

Friday Morning Business Brief

Wall Street Thursday saw its strongest session since mid-September. The Dow closed up 136.16 points, or 1 percent, at 13,233. The Standard & Poor's 500 index rose 15 points, or 1.1 percent, to 1,428. The Nasdaq composite index gained 43, or 1.4 percent, to 3,020. Futures trading suggest a lower opening today.

  • International stock markets were mixed on today as investors treaded cautiously ahead of a U.S. October jobs report. Asian shares finished on a higher note while European stocks were lower in early trading. Benchmark crude oil fell below $87 per barrel. The dollar gained against the euro and the yen.
  • The Labor Department today releases the October unemployment report, the last key report before election day. Analysts look for modest jobs growth and a possible rise in the unemployment rate.
  • Samsung says it has sold more than 3 million Galaxy Note II smartphones in a little over a month after launch, as the company vies to keep its lead over rivals during the crucial holiday quarter. The South Korean firm, which was the world's largest maker of smartphones in the July-September quarter, said it took 37 days for the oversize smartphone to reach the sales figure.
  • The Environmental Protection Agency says Hyundai and Kia need to redo their window stickers after finding the companies overstated the gas mileage on models from the past three years. The agency found the problems during an audit. Both companies say they're sorry and they'll reimburse customers for the difference between the mileage figures.

You can find the latest local business news on the Back to Business page of KELOLAND.com.

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