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NEW YORK (AP) — News of slower hiring last month is leading to speculation in the market that the Federal Reserve might not raise its benchmark interest rate anytime soon. The market slumped in early trading Friday but finished the day with a gain. A jump in crude led to a rise in energy stocks. The Dow gained 1.2 percent. The S&P 500 ended up 1.4 percent. The Nasdaq rose 1.7 percent.
NEW YORK (AP) — The price of oil has bounced back from two days of losses. Benchmark U.S. crude gained 80 cents Friday. It closed at $45.54 a barrel in New York. Meanwhile, Brent Crude, a benchmark for international oils used by many U.S. refineries, rose 44 cents on Friday to close at $48.13 a barrel in London.
NEW YORK (AP) — Online stock brokerage company Scottrade says the names and addresses of about 4.6 million of its customers may have been stolen by hackers. The company says the FBI recently informed it of the hack, which occurred between the end of 2013 and early 2014. Scottrade says funds in customer accounts were not stolen and no account passwords were taken.
NEW ORLEANS (AP) — Details will be known soon in an $18 billion settlement agreement announced in July to resolve years of legal fighting over damage done by the 2010 Gulf of Mexico oil spill. The Justice Department says the agreement involving the federal government, five Gulf states and BP Exploration and Production will be filed Monday. Then comes a 60-day public comment period — the next step toward final court approval.
HARTFORD, Conn. (AP) — Connecticut's Department of Insurance is playing a major role in a deal that would create the nation's largest health insurer. Since Cigna is based in Bloomfield, the state insurance regulators are leading a 26-state review of Anthem's proposed merger with Cigna. The department will hold a public hearing on the merger sometime next year. The U.S. Justice Department is reviewing Anthem's planned $54.2 billion acquisition of Cigna.
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