NEW YORK (AP) — A surge in hiring last month is sending stocks soaring. The Dow Jones industrial average jumped 208 points, or 1.2 percent, to 17,009. The S&P 500 index rose nearly 22 points, or 1.1 percent, to 1,967. The Nasdaq composite rose 45 points, or 1 percent, to 4,447. The gains nearly wiped out the market’s losses for the week.
NEW YORK (AP) — The price of oil is dropping. Benchmark U.S. crude fell $1.27 to close at $89.74 a barrel today on the New York Mercantile Exchange, its lowest level since April of 2013. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.11 to close at $92.31 on the ICE Futures exchange in London.
JACKSON, Miss. (AP) — The go-ahead is being given to spend $627 million on 44 projects meant to aid recovery from the 2010 oil spill in the Gulf of Mexico. But environmentalists are fuming that $85.5 million will go to an Alabama beachfront hotel they say will hurt rather than help the Gulf. The single biggest sum, $318 million, will go to restore barrier islands off Louisiana’s eroding coast.
NEW YORK (AP) — The attorneys general of Illinois and Connecticut will look into a breach of JPMorgan Chase’s computer servers. The big bank says the breach compromised customer information pertaining to roughly 76 million households and 7 million small businesses. It says there’s no evidence the breach included account numbers, passwords, Social Security numbers or birthdays.
PROVIDENCE, R.I. (AP) — A Rhode Island man is being sentenced to a year in federal prison for threatening to kill an Internal Revenue Service agent and rape and kill his wife over a $330,000 tax bill. Forty-nine-year-old Andrew Calcione, of Cranston, was sentenced today in U.S. District Court. A judge found him guilty in May.
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