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UNDATED (AP) — The stock market is closing broadly higher, led by gains in oil and gas companies as the price of crude turned higher. The gains came a day after the market had its worst drop since September. The Dow rose more than 227 points, or 1.4 percent, to 16,379. The S&P 500 gained 31 ½ points, or 1.7 percent, to 1,921. The Nasdaq added nearly 89 points, or 2 percent, to 4,615.
UNDATED (AP) — Investors are welcoming a pickup in the price of oil, which had briefly fallen below $30 a barrel for the first time since late 2003 the day before. Benchmark U.S. crude ended up rising 72 cents, or 2.4 percent, to close at $31.20 a barrel in New York today. Brent crude, a benchmark for international oils, also gained 72 cents, or 2.4 percent, to $31.03 a barrel in London.
NEW YORK (AP) — Goldman Sachs has reached a $5 billion settlement as part of a federal and state probe into its role in the sale of mortgages in the years leading up into the housing bubble and subsequent financial crisis. The settlement was reached between Goldman and the U.S. Department of Justice, the attorneys general of Illinois and New York and other regulators.
NEW YORK (AP) — Hyatt says it found malicious software in about 250 of its hotels that may have taken customers' credit- and debit-card numbers and other information. The hotel chain doesn't know how many customers were affected. Hyatt says the malware was present between July and December at payment-processing systems at its restaurants, spas, front desks and other areas.
LOS ANGELES (AP) — The utility whose leaking natural gas well has driven thousands of Los Angeles residents from their homes says it understated the number of times airborne levels of cancer-causing benzene spiked over the past three months. Southern California Gas says it was an oversight and stands by its conclusion that none of the findings pose a health risk to the community.
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