Estimated read time: 2-3 minutes
NEW YORK (AP) — Investors are pleased that U.S. employers added 223,000 jobs in April and they showed their enthusiasm for the solid job gains by pushing the stock market its best day in two months on Friday. The Dow gained 267 points, or 1.5 percent, to 18,191. The S&P 500 added 28 points, or 1.4 percent, to 2,116. And the Nasdaq rose 58 points, or 1.2 percent, to 5,003.
NEW YORK (AP) — The price of oil is up as the dollar weakens. Benchmark U.S. crude rose 45 cents to close at $59.39 a barrel yesterday in New York, ending a volatile week nearly flat. Brent crude, the benchmark for international oil used by many U.S. refineries, fell 15 cents Friday to close at $65.39 in London.
DES MOINES, Iowa (AP) — Iowa agriculture officials say bird flu will claim an additional 4 million Iowa egg-laying chickens on two more farms in a county that's already been hit by the disease. Iowa's chicken loss is approaching 25 million, more than 40 percent of the state's egg-laying flock. The virus has spread to well over 30 million birds in 13 states.
TRENTON, N.J. (AP) — The former CEO of a New Jersey-based engineering consulting company has been sentenced for a scheme in which the U.S. government was overbilled for reconstruction projects for nearly 20 years. Seventy-nine-year-old Derish Wolff, who worked for Louis Berger Group, will serve a year of home confinement and will be required to pay a $4.5 million fine.
NEW YORK (AP) — Mitsubishi is recalling more than 130,000 cars because of two separate issues that could lead to reduced visibility for drivers and raise the risk of a crash. Nearly 77,000 cars are being recalled because the windshield defroster might fail as a result of a faulty blower motor. More than 53,000 cars are affected by the other recall. Mitsubishi says head lights, tail lights and windshield wipers may not work because of an unstable electronic control unit.