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NEW YORK (AP) — Stocks are closing slightly higher after the government reported the number of people applying for jobless benefits sank last week, a sign off fewer layoffs. The Standard & Poor's 500 rose 10 points, to close at 1,920. The index is at a record high. The Dow Jones industrials climbed 65 ½ points to 16,698. And the Nasdaq composite ended up 23 points higher at 4,247.
UNDATED (AP) — The price of oil is again above $103 barrel. The increase today follows news of a drop in supplies at the main U.S. oil trading hub in Oklahoma and signs of growing gasoline demand in the U.S. Benchmark crude for July delivery rose 86 cents to close at $103.58 a barrel today on the New York Mercantile Exchange. Yesterday, the contract dropped $1.39 to close at $102.72.
DENVER (AP) — Ardent Mills is now the nation's largest flour milling company. The new company, a joint venture by ConAgra Mills, Cargill and CHS, announced that it began operating today, following approval by the U.S. Justice Department. The Denver area-based firm has 40 flour mills, three bakery mix facilities and a specialty bakery in the U.S., Puerto Rico and Canada.
DETROIT (AP) — Documents show that General Motors recalled some Pontiac G6 midsize cars to fix a faulty brake light system in 2009, yet waited more than five years to call back over 2 million other cars with the same system. The delayed recall left cars with potential safety problems on the road for years without GM warning drivers. GM says the problem caused 13 accidents and 2 injuries.
CHICAGO (AP) — Officials at Chicago's Willis Tower say the popular tourist attraction is safe, even though a see-through glass ledge jutting from the building's 103rd floor appeared to crack beneath the feet of a visiting family. Building officials say a protective coating covering the glass surface cracked, not the glass itself. They say the "structural integrity" of the ledge was not affected.
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