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Dow sees triple-digit gain ...Britain's bond rating downgraded ... Judge blocks Apple vote

Friday - 2/22/2013, 6:48pm  ET

NEW YORK (AP) -- Stocks have closed higher, but the S&P 500 still posted its first weekly loss of the year. The Dow rose 120 points to close at 14,001. The S&P 500 rose 13 points to 1,516 but still had a loss of 0.3 percent for the week. The Nasdaq rose 30 to 3,162.

NEW YORK (AP) -- There's little change in the price of oil after a 5 percent fall over the last two days. Benchmark crude for April delivery rose 29 cents to finish at $93.13 a barrel. Bent crude, used to price oil that many U.S. refineries use to make gasoline, rose 57 cents to end at $114.10 a barrel. The national average for a gallon of regular gasoline is at $3.78, about where it was yesterday.

LONDON (AP) -- Moody's has downgraded Britain's government bond rating one notch from the top AAA to AA1. The credit ratings agency cites weaknesses in the economy's medium-term outlook.

DUBLIN (AP) -- Ireland's government says an Irish meat processor has been caught labeling horse meat as beef and shipping it to a company in the Czech Republic. Ireland says its fraud detectives identified the practice at a small slaughterhouse in County Tipperary and immediately shut down the facility.

NEW YORK (AP) -- A federal judge is blocking Apple from conducting a shareholder vote on a package of governance proposals. This is victory for a rebel investor who is trying to persuade the company to share more of its cash with investors. Apple's stock fell 31 cents to $451 in extended trading after the ruling came out.


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