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Wall Street on a roll...G7 wraps up talks...Obama calls for equal-pay plan

Saturday - 5/11/2013, 1:30pm  ET

NEW YORK (AP) -- It's now three straight weeks of gains for Wall Street. The Dow Jones industrial average was up 1 percent this week and 15 percent so far this year. It closed above 15,000 for the first time on Tuesday, then held above that milestone for the next three days. The Dow rose 35 points on Friday to 15,118 today. The S&P 500 was up seven points to 1,633, while the Nasdaq climbed 27 points to 3,436.

AYLESBURY, England (AP) -- The Group of Seven leading industrial economies have wrapped up two days of discussions in England and committed themselves to nurturing the global economic recovery and to not manipulate their exchange rates. British finance minister George Osborne says the G-7 reaffirmed their commitment on exchange rates and to make sure policies are "oriented towards achieving domestic objectives." His comments come amid talk that Japan is targeting a lower yen to help it out of a near two-decade period of stagnation.

WASHINGTON (AP) -- President Barack Obama says Congress must give more homeowners the chance to refinance their mortgages to save money. In his weekly radio and Internet address, Obama says more than 2 million people are saving about $3,000 a year after restructuring their loans under his administration but that more deserve the same chance.

WASHINGTON (AP) -- President Barack Obama is giving the federal personnel director six months to submit a strategy to address gender-based pay disparities in the U.S. workforce. In a presidential memorandum, Obama says gender-based pay disparities are detrimental to women, families and the economy. He says nearly two-thirds of working women are their families' breadwinners.

DETROIT (AP) -- Chrysler is recalling 469,000 Jeep SUVs worldwide because they can shift into neutral without warning on startup. The recall affects 2005 to 2010 Grand Cherokees and 2006 to 2010 Commanders. U.S. safety regulators say cracks in a circuit board can cause a faulty signal as the SUVs are being started. If the vehicles shift into neutral they can roll away. Chrysler says the problem has caused 26 crashes and two injuries.


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