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Monday Evening Business Brief

December 10, 2012, 5:15 PM

Monday Evening Business Brief
  • Stocks posted modest gains to begin the trading week. The Dow added nearly 15 points to 13,170. The S&P gained a fraction, while the Nasdaq rose 9 points.
  • President Barack Obama is warning that he "won't compromise" on demands that the wealthiest Americans pay more in taxes. He's digging in on the chief sticking point between the White House and Republicans as they seek a way to avert the "fiscal cliff."
  • Software company founder John McAfee says he wants to return to the United States and "settle down to whatever normal life" he can. He had a live-stream Internet broadcast from the Guatemalan detention center where he is fighting a government order that he be returned to Belize. Police in neighboring Belize want to question McAfee in the fatal shooting of a U.S. expatriate.
  • Nike wants to expand its Oregon operations but wants the government to promise it won't change the state tax code. Gov. John Kitzhaber says he'll call the Legislature into session Friday to create a law to give Nike its wish.
  • Benchmark U.S. crude fell slightly. Crude dropped 37 cents to finish at $85.56.

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