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NEW YORK (AP) — Stocks posted solid gains in afternoon trading, helped by a stabilization in oil prices, which helped broadly lift energy stocks. The Dow Jones industrial average was up 159 points as of 1:55 p.m. Eastern. The Standard & Poor's 500 index rose 15 points and the Nasdaq composite was up 19 points.
WASHINGTON (AP) — Boeing has agreed to pay a $12 million fine to the government. The FAA charged that Boeing had failed to meet a deadline to submit service instructions that would enable airlines to reduce the risk of fuel tank explosions on hundreds of planes. Boeing said in a statement that the fine "fairly" addresses the matter.
WASHINGTON (AP) — The Obama administration has imposed financial restrictions on 34 people and entities for helping Russian and Ukrainian companies evade U.S. penalties and other infractions. The Treasury Department says the action helps "maintain the efficacy of existing sanctions" established after Russia's annexation of Crimea last year and support for eastern Ukrainian separatists.
LOUISVILLE, Ky. (AP) — A heated competition between producers of cinnamon whiskeys has cooled off in the courtroom. Sazerac has dropped its lawsuit against Jack Daniel's. Sazerac's brands include Fireball Cinnamon Whisky. The company had accused its rival of trademark infringement by using the term "fireball" in online advertising for cinnamon-flavored Jack Daniel's Tennessee Fire.
STORRS, Conn. (AP) — A former University of Connecticut student is running a ride-booking business that caters to drunk college students who want to get to and from parties and bars on weekends. Twenty-two-year old Lance Graziano says he got the idea for Sober XPress LLC in 2012. The company accepts only passengers with UConn email addresses and asks up to $8 for one-way for rides within 5 miles of campus.
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