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NEW YORK (AP) — A report that the U.S. economy expanded at an annual rate of 4.6 percent in the spring and a strong reading of consumer sentiment this month are boosting investors' confidence in the future. The stock market staged a rebound yesterday after a turbulent week. The Dow surged 167 points on Friday. The S&P 500 index rose nearly 17 and the Nasdaq climbed 45 points.
NEW YORK (AP) — The price of oil is going up on expectations of rising demand in the U.S., where economic growth appears to be picking up steam. Benchmark U.S. crude rose $1.01 to close at $93.54 a barrel Friday in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, remained unchanged at $97.00 a barrel in London.
CHARLESTON, W.Va. (AP) — Alpha Natural Resources is idling three southern West Virginia mining complexes and laying off 261 employees. The mines are in in Boone, Kanawha (kah-NAH') and Raleigh counties. Alpha pointed to federal regulations and dismal market conditions for its layoffs.
NAMPA, Idaho (AP) — Authorities in Idaho have arrested the driver thought to have abandoned a trailer containing 37,000 pounds of chicken at a western Montana truck stop. The Greater Idaho Fugitive Task Force found Christopher Hall yesterday. Police say Hall abandoned the trailer after his employer refused to pay him more money to deliver the frozen cargo, leaving behind $80,000 worth of rotting chicken.
NEW YORK (AP) — A man who led some of the most popular women's magazines through the height of the women's rights movement has died. Hearst Corp. says John Mack Carter died Friday at his home in suburban Bronxville, New York, at age 86. He had Parkinson's disease. Between 1961 and 1994, Carter was editor-in-chief of McCall's magazine, then Ladies' Home Journal and then Good Housekeeping.