Stocks closed higher after indecisive trading marked the earlier part of the session. The Dow rose 60 points to 13,312. The S&P gained 8 points, while the Nasdaq surged 6.
- Hundreds of flights in Chicago have been canceled as a winter storm bears down on the Midwest. Chicago aviation officials report delays and more than 350 flight cancellations at O'Hare and Midway international airports.
- Discover Financial Services reports higher earnings for its fiscal fourth quarter. Users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances.
- Oil closed above $90 a barrel for the first time in two months as it tracked an upward move in U.S. stock markets. Benchmark crude for February delivery ended the day at $90.13 per barrel, up 15 cents, on the New York Mercantile Exchange.
- Big Board just isn't so big anymore. In a deal that highlights the dwindling stature of what was once a centerpiece of capitalism, the New York Stock Exchange is being sold to a little-known rival for $8 billion - $3 billion less than it would have fetched in a proposed takeover just last year. The proposed buyer is IntercontinentalExchange