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Stock indexes hold steady...Oil prices rise... MasterCard, Visa forming group focused on security


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NEW YORK (AP) — It appears one positive report on the economy is not enough to make investors more confident. The stock market ended mixed yesterday despite a government report that showed a pickup in hiring by employers last month. Among the three main stock indexes, the Dow edged higher, the S&P 500 closed little changed and the Nasdaq closed lower.

UNDATED (AP) — The price of oil is up after a solid increase in U.S. employment and a decline in the dollar. Benchmark U.S. crude for April delivery rose $1.02 yesterday to close at $102.58 a barrel in New York. After a swing in prices earlier in the week due to the Ukraine crisis, oil ended the week with a loss of 1 cent. The average price for a gallon of gas rose 1 cent to $3.48 yesterday.

NEW YORK (AP) — After recent credit card breaches at Target and other retailers, Visa and MasterCard are forming a group to help the retail and banking industries come together on more secure credit card payments. The two firms, which run the payment networks, say the group will include banks, retailers, the makers of credit card readers, and others interested in credit card security.

UNDATED (AP) — The Associated Press calculates that Bank of America CEO Brian Moynihan saw his compensation jump by 77 percent last year as the company's fortunes improved. Based on a filing made by the company, the AP says Moynihan's total compensation was $13.1 million. BofA's finances have been improving. Last year its profit more than tripled to $10 billion.

BOISE, Idaho (AP) — The FBI has launched an investigation of the Corrections Corporation of America over the company's running of an Idaho prison with a reputation so violent that inmates dubbed it "Gladiator School." Nashville, Tenn.-based CCA has operated Idaho's largest prison for more than a decade.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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