NEW YORK (AP) — A pickup in home building and continued low inflation helped stocks make broad gains today. Investors are anticipating that the Federal Reserve will keep in place its economic stimulus programs. The Dow rose 138 points, to close at 15,318. The S&P 500 added 13 to 1,652, with all 10 of its industry groups rising. And the Nasdaq gained 30 points to 3,482.
WASHINGTON (AP) — The deputy director of the FBI says government surveillance programs helped foil a plot to bomb the New York Stock Exchange. At a rare open hearing on intelligence, Sean Joyce to a House panel that the programs helped identify an extremist in Yemen who was in touch with a man in Kansas City who eventually pleaded guilty to terror charges. Meanwhile, Google is asking the courts to lift a gag order and allow it to disclose the number of data requests it has received through secret court orders.
DETROIT (AP) — Chrysler says calls from concerned customers have helped persuade it to go along with a government request to recall older model Jeeps. The National Highway Traffic Safety Administration says the gas tanks in Jeep Grand Cherokees from model years 1993 through 2004 and Jeep Libertys from 2002 through 2007 can rupture if hit from the rear and cause a fire. Chrysler insists the vehicles are safe, but dealers will inspect the vehicles and install trailer hitches to protect the gas tanks. The recall covers only 1.56 million of the 2.7 million Jeeps that the government wanted repaired. The rest are part of a "customer service action" and many may not get fixed.
ENNISKILLEN, Northern Ireland (AP) — At the G-8 Summit in Northern Ireland today, leaders laid out sweeping goals for tightening the tax rules on global corporations. Companies such as Google and Apple have exploited loopholes that allow them to shift profits into foreign shelters that charge little or no tax. But, the initiative only lays out goals, not binding commitments.
NEW YORK (AP) —New York City is teaming up with AT&T to install 25 solar-powered charging stations in parks across the five boroughs. The stations will provide a free boost to dying cellphones and other mobile devices. The idea came about after Superstorm Sandy, which left New Yorkers desperately searching for power to contact friends and loved ones.