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Stocks end on positive note… Job postings solid in January…Jury decides in favor of Qualcomm over Apple

NEW YORK (AP) — Wall Street has finished the week with solid gains. The S&P 500 rose 14 points, or 0.5 percent, to 2,822. The Dow added 139 points, or 0.5 percent, to close at 25,848. The Nasdaq gained 57 points, or 0.8 percent, to end the day at 7,688. And the Russell 2000 picked up 3 points, or 0.3 percent, to 1,553. Meanwhile, the price of U.S. crude oil slipped 0.2 percent to settle at $58.52 a barrel, while Brent crude dropped 0.1 percent to close at $67.16 a barrel.

WASHINGTON (AP) — U.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November, evidence that businesses are still hungry for workers despite signs the economy has slowed. The Labor Department says hiring also rose and the number of people quitting their jobs picked up.

SAN DIEGO (AP) — A jury has decided Apple should pay $31 million in damages for infringing on patents for technology owned by mobile chip maker Qualcomm that helps iPhones quickly connect to the internet and extend their battery life. The verdict today in San Diego federal court follows a two-week trial pitting two former allies that have become bitter adversaries.

WASHINGTON (AP) — The Environmental Protection Agency is banning consumer use of a popular but deadly paint stripper but stopped short of also banning commercial use of the product by tradespeople. EPA Administrator Andrew Wheeler signed the rule, which will bar manufacturer and import of the stripper methylene chloride for consumer use, in a private meeting today with relatives of a man who died after using the paint stripper.

LAS VEGAS (AP — MGM Resorts International has been authorized to continue operating casinos in the Chinese gambling enclave of Macau. The company says the Macau government has extended the gambling license of its China unit to June 2022. The casino giant will pay the government $24.7 million. Macau is the world’s biggest gambling market and the only place in China where casinos are legal. MGM’s license was set to expire March 2020.

Associated Press

Associated Press

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