Stocks mixed...Oil futures rise...Buffett lunch
Jun. 10, 2017
UNDATED (AP) — Overall, it's been a solid week for Wall Street. However, stock indexes turned in an uneven finish Friday as investors unloaded their technology company shares in favor of energy and financial stocks. The Dow gained 89 points, closing at 21,271. But the S&P 500 fell 2 points to 2,431. And the Nasdaq dropped over 113 points to 6,207. The Russell 2000 index of small company stocks picked up 6 points to end the day at 1,421.
UNDATED (AP) — Oil futures are higher. Benchmark U.S. crude gained 19 cents yesterday to close at $45.83 a barrel in New York. Meanwhile, Brent crude, used to price international oils, added 29 cents to settle at $48.15 a barrel in London on Friday.
TOKYO (AP) — Money-losing Japanese nuclear and electronics company Toshiba Corp. will be paying $3.68 billion toward the construction of two reactors in Georgia by its U.S. unit Westinghouse, which has filed for bankruptcy protection. Toshiba says the payment, under agreement with the operator of the Vogtle plant, will be made from October through January 2021.
BERLIN (AP) — The chief executive of German automaker Opel reportedly plans to step down from his post once the General Motors subsidiary's sale to PSA Peugeot-Citroen has been completed. A German weekly (Frankfurter Allgemeine Sonntagszeitung) reports that Karl-Thomas Neumann intends to inform Opel's board of directors at its next meeting on June 22.
OMAHA, Neb. (AP) — An anonymous bidder has agreed to pay more than $2.6 million for a private lunch with billionaire Warren Buffett, with the auction proceeds going to a California homeless charity. The winning bid of $2.68 million was announced last night. That's lower than last year's winning bid of $3.46 million, which tied for the record set in 2012.