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NEW YORK (AP) -- The Dow closed above 14,000 on Friday for the first time in more than five years. It was just a number on a board, but it was enough to raise the hopes of some investors and cause others concern about an overheated market. And it brought reminders of a different era, back before the financial crisis rocked the world economy.
WASHINGTON (AP) -- The government for the first time is proposing broad new standards to make school snacks healthier, a move that would ban the sale of almost all candy, high-calorie sports drinks and greasy foods on campus.
NEW YORK (AP) -- Research firm Strategy Analytics says the launch of the iPhone 5 and the declining popularity of non-smartphones made Apple the biggest seller of phones in the U.S. in last year's holiday season, for the first time. The firm estimates that Apple shipped 17.7 million iPhones of all kinds to U.S. buyers in the October to December period, meaning it accounted for one in three new phones.
WASHINGTON (AP) -- U.S. employers added 157,000 jobs in January and hiring was stronger over the past two years than previously thought, providing reassurance that the job market held steady while economic growth sputtered. The mostly upbeat Labor Department report Friday included one negative sign: the unemployment rate rose to 7.9 percent from 7.8 percent in December. The unemployment rate is calculated from a survey of households, while job gains come from a survey of employers.
MIDLAND CITY, Ala. (AP) -- More than three days after he allegedly shot a school bus driver dead, grabbed a kindergartner and slipped into an underground bunker, Jimmy Lee Dykes was showing no signs Friday of turning himself over to police. Speaking into a 4-inch-wide ventilation pipe leading to the bunker, hostage negotiators have tried to talk the 65-year-old retired truck driver into freeing the 5-year-old boy. One local official said the child had been crying for his parents.
MEXICO CITY (AP) -- Rescuers searched for survivors and authorities promised a thorough investigation after an office building blast killed 25 people and injured 101 at the headquarters of Mexico's state-owned oil company, Petroleos Mexicanos.
MOUNT PROSPECT, Ill. — The four-legged member of the counseling team at the high school in suburban Chicago waits patiently, as a crush of students fills the hallways. Her tail wags with the first pat on the head, then another and another. “Puppy! Ohhh, puppy dog!” one teenager croons, as he affectionately tousles the ears of the 18-month-old golden retriever. Junie began her role as a therapy dog at Prospect High School less than four months ago.
MINNEAPOLIS — Aaron Hicks’ march through Minnesota’s minor league system has been conservative and deliberate, typical for a Twins prospect. Since he was picked in the first round in 2008, Hicks has had some tough seasons and some strong ones, highlighted by his breakthrough last year with Double-A New Britain. The biggest development of his career, however, actually came this winter. That’s when the Twins traded a pair of center fielders for young pitchers, sending Denard Span to Washington and Ben Revere to Philadelphia.
WASHINGTON (AP) -- The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring. Weekly applications for unemployment benefits leapt 38,000 to a seasonally adjusted 368,000, the Labor Department said Thursday. The increase comes after applications plummeted in the previous two weeks to five-year lows. Applications fell by a combined 45,000 in the second and third weeks of January.
WASHINGTON (AP) -- U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years. Income surged because companies rushed to pay dividends before income taxes increased on high-earners. The Commerce Department said Thursday that consumer spending rose 0.2 percent last month. That's slightly slower than the 0.4 percent increase in November.