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Stocks close higher...Oil prices climb... Hyatt finds malicious software on computer system



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NEW YORK (AP) — Stocks are closing higher for a third day in a row, once again taking their lead from oil prices. The price of crude oil rose 4 percent today in New York. The Dow Jones industrial average rose 185 points, or 1.1 percent, to 17,602. The Standard & Poor's 500 index climbed 25 points, or 1.2 percent, to 2,064. The Nasdaq composite was up nearly 45 points, or 0.9 percent, to 5,045.

NEW YORK (AP) — Oil prices are up for a third day, bouncing back from lows hit earlier in the week. U.S. crude futures jumped $1.36, or 3.8 percent, to $37.50 a barrel on the New York Mercantile Exchange. Brent crude, which is used to price international oils, added $1.25, or 3.5 percent, to $37.36 a barrel in London.

SAN FRANCISCO (AP) — Hyatt Hotels Corp. says it recently found malicious software on the computer system that processes customer payments, raising the possibility that hackers may have obtained credit card numbers or other sensitive information. The resort chain says it has hired outside security experts to help investigate the incident, which affected hotels that Hyatt manages itself.

DENVER (AP) — One of Colorado's largest and oldest craft breweries is promising beer lovers that nothing will change even though it's being bought by beer giant Anheuser-Busch, a brand many of them love to hate. Under the deal, the maker of Budweiser says it will acquire Breckenridge Brewery for an undisclosed amount and adding it to its craft and import brand unit, The High End.

AUSTIN, Texas (AP) — Joe Jamail, a swashbuckling, billionaire trial lawyer who toppled Texaco in court and so lavished the University of Texas with donations that his name adorns its football field, has died at age 90. Known as "The King of Torts," Jamail was famous for a down-home style that included peppering depositions and even courtroom appearances with curse words and other vulgarities.

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The Associated Press

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