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Gains in trading on Wall Street ... Congress-Budget Talks ... Business Ownership-Minorities



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NEW YORK (AP) — Wall Street scored across-the-board gains today, even as investors anticipated a decision by the Federal Reserve tomorrow to increase interest rates. Investors were encouraged as the price of oil continued to recover. Bank stocks rose as traders awaited the Fed's next move. The Dow Jones industrial average rose 156 points, the Standard & Poor's 500 index climbed 21 points and the Nasdaq composite went up 43 points.

WASHINGTON (AP) — Congress and the White House stand on the cusp of clinching a year-end tax and spending package that would fund the government through 2016. The deal also would raise domestic and defense spending, and increase the deficit by hundreds of billions of dollars by extending numerous popular tax credits without paying for them.

WASHINGTON (AP) — California's Los Angeles County has more minority owned businesses than anywhere else. That's according to a new study released by the U.S. Census Bureau covering the year 2012. For 2012, Los Angeles County had more Hispanic, Asian, Native American and Alaska native owned businesses. It ranked second in the number of African-American and Native Hawaiian or other Pacific Islander-owned firms. The top county for black businesses was Cook County, Illinois and for Native Hawaiians it was Honolulu County, Hawaii.

SEATTLE (AP) — Chipotle will not raise prices to cover the cost of new food safety procedures. That's according to the company's founder and CEO, who was in Seattle today to talk to employees about the new safety rules. Steve Ells wouldn't give a cost estimate for the new testing along its supply chain and safety protocols inside its restaurants. But he says that neither customers nor suppliers would be footing the bill. This is something Chipotle will be covering.

NEWARK, N.J. (AP) — Former NBA star Shaquille O'Neal has helped launch a new jobs program in his native Newark to increase access to unions and construction jobs in the New Jersey city. O'Neal joined with Newark Mayor Ras Baraka today to unveil Project Impact Newark. The goal is to prepare residents for union entrance exams and help secure apprenticeship positions with plumbing, carpentry and laborer unions.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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