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Stocks edge higher... Oil recovers ... Staples security breach

By The Associated Press | Posted - Dec. 19, 2014 at 3:31 p.m.



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NEW YORK (AP) — Stocks are edging higher as the market comes off a massive two-day rally. The market closed out its second-best week of the year today. The S&P 500 rose nine points to 2,070. It's up 3.4 percent for the week. The Dow Jones industrials gained 26 points to close at 17,804. The Nasdaq added 17 points, to 4,765.

NEW YORK (AP) — Oil prices are higher today. Benchmark U.S. crude bounced up from recent lows, climbing $2.36 to settle at $56.52 a barrel in New York, as traders bet that a 6-month plunge in prices had gone too far. Brent crude, a benchmark for international oils used by many U.S. refineries, rose $2.11 to close at $61.38 in London.

FRAMINGHAM, Mass. (AP) — Staples says nearly 1.2 million customer payment cards may have been affected by a security breach earlier this year. The office supply retailer says an investigation shows criminals used malware that may have allowed access to information for transactions at 115 of its U.S. stores between July and September.

DETROIT (AP) — After resisting for several weeks, Chrysler is bowing to government demands to expand a recall of driver's side air bag inflators across the entire nation. The company says it'll recall nearly 2.9 million older cars and trucks, as demanded by the National Highway Traffic Safety Administration. The recall includes Chrysler's Ram pickup, from the 2004 through 2007 model years.

NEW YORK (AP) — Sony is defending its decision to shelve "The Interview," claiming it had no choice but to cancel the film's Christmas Day theatrical release. The studio says the cancellation happened only because the country's top theater chains pulled out. Sony insists it has only cancelled the Christmas Day release and that it's been "actively surveying alternatives" to release the film on a different platform.

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The Associated Press

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