NEW YORK (AP) — Strong job growth in February is lifting spirits on Wall Street. Optimism that hiring is picking up has been one of the factors bolstering the stock market this year. The Dow Jones industrial average logged its sixth straight increase yesterday, gaining 67 ½ points to close at 14,397. The S&P 500 rose 7 points to 1,551 and the Nasdaq composite advanced 12 points.
NEW YORK (AP) — The price of oil is being buoyed by the positive February jobs numbers. Benchmark crude for April delivery rose 39 cents Friday to finish at $91.95 a barrel on the New York Mercantile Exchange. The Labor Department said employers added 236,000 jobs last month and the jobless rate fell to 7.7 percent from 7.9 percent. That could lead to increased demand for oil products.
DALLAS (AP) — AT&T Mobility has reached a tentative agreement with a union representing more than 20,000 employees across the country. The company says the agreement includes general wage increases in each year of the four-year contract and maintains pensions for all employees, plus retirement savings plans, with no changes. The union's membership still must ratify it.
SAN FRANCISCO (AP) — Google will pay a $7 million penalty to settle a multistate investigation into its collection of emails, passwords and other sensitive information sent over wireless networks several years ago. That's according to a person familiar with the matter, who says the resolution will close a joint investigation by attorneys general in about 30 states.
LOS ANGELES (AP) — A fugitive German hedge fund manager has been arrested in Italy for allegedly orchestrating a stock manipulation scheme that led to at least $200 million in losses to investors around the world. Federal prosecutors say Florian Wilhelm Jurgen Homm is charged in Los Angeles with four counts, including conspiracy to commit wire fraud and securities fraud.