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NEW YORK (AP) — Major stock indexes are slightly higher after a day of wandering between small gains and losses. The S&P 500 climbed 5 points, or 0.2 percent, to 2,638. The Dow Jones Industrial Average rose 171 points, or 0.7 percent, to 24,575. And the Nasdaq edged up 5 points, or 0.1 percent, to 7,025. The Russell 2000 index of smaller-company stocks dipped 3 points, or 0.2 percent, to 1,454.
NEW YORK (AP) — Benchmark U.S. crude oil lost 0.7 percent to $52.62 per barrel in New York. Brent crude, used to price international oils, fell 0.6 percent to $61.14 per barrel in London. In other energy commodities trading, wholesale gasoline slipped 1.1 percent to $1.39 a gallon and heating oil fell 0.7 percent to $1.89 a gallon. Natural gas shed 2 percent to $2.98 per 1,000 cubic feet.
DEARBORN, Mich. (AP) — Ford has reported its first quarterly loss in two years due to a pension accounting charge and poor performances in Europe and China. The automaker says it lost $116 million, or 3 cents a share, in the fourth quarter compared with a $2.52 billion profit in the same period a year earlier. Excluding one-time items, Ford posted a profit of 30 cents per share. It still made $3.68 billion for the full year. That means U.S. unionized workers will get profit-sharing checks of $7,600 in March.
NEW YORK (AP) — Verizon is cutting about 800 jobs, or 7 percent of its media and advertising employees, as it reorganizes the troubled division. The wireless company had hoped to create an ad business that could compete with Google and Facebook. It spent roughly $10 billion buying up former Internet pioneers Yahoo and AOL. But Verizon found benefits from integrating those two companies were less than expected.
NEW YORK (AP) — Hulu's live-TV streaming service will cost $5 more per month, while its traditional video-on-demand service will be $2 cheaper. Hulu with Live TV, a cable-like package with ESPN and a few dozen other channels, will cost $45 a month starting Feb. 26. The Hulu service includes its traditional video-on-demand service, which typically carries episodes of network TV shows the day after they air. The new prices take effect Feb. 26.
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