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Miners, deals, Apple in focus on Wall Street

Aug. 13, 2013 @ 07:05 AM

NEW YORK — Mining companies and corporate deal stories were in focus Monday on an otherwise quiet day on the stock market.

Newmont Mining was the biggest gainer in the Standard & Poor’s 500 index after the prices of gold and silver advanced. Gold rose for a fourth day on reports of increased demand from China. Silver gained the most in three weeks.

BlackBerry jumped after the struggling smartphone maker said it would consider a sale. Dole Foods rose after its CEO said he would take the company private and Steinway Musical Instruments gained after receiving a new buyout offer.

The S&P 500 index fell 1.95 points, or 0.1 percent, to close at 1,689.47. The Dow closed down 5.83 points, or less than 0.1 percent, at 15,419.68.

Technology stocks were the leading gainers in the S&P 500 and got a lift from Apple. The tech giant’s stock rose $12.91, or 2.8 percent, to $467.30 after the blog AllThingsD said the company would release the latest version of its iPhone on Sept. 10.

The Nasdaq also benefited for Apple’s advance, rising 9.84 points, or 0.3 percent, to 3,669.95. The company makes up 7.9 percent of the index.

Chamber’s summit to focus on education
CHARLESTON — Improving education in West Virginia will be a key focus at the state Chamber of Commerce’s annual business summit later this month.

The event is set for Aug. 28-30 at The Greenbrier in White Sulphur Springs.

Chamber President Steve Roberts says that there’s been some improvement in public education but much more needs to be done.

Among the featured speakers will be Elliot Washor, co-founder of the nonprofit group Big Picture Learning.

West Liberty University President Robin Capehart will lead a panel discussion on transforming the state’s education system.

A separate panel discussion will focus on the role of technology in education, economic development and job creation. State Senate President Jeff Kessler will lead that group.

Workshop planned on health care, benefits
ASHLAND — A workshop titled “Health Care Benefits & Health Care Reform for Small Businesses” is planned for 1 to 4 p.m. Tuesday, Aug. 20, at Ashland Community and Technical College’s Building 1. The building is located at on the Robert’s Drive Campus, and the workshop is in Room 118.

The workshop will cover the ins and outs of utilizing free benefit providers and what federal health care reform means for small businesses.

To pre-register, call 606-329-8011 or go online to http://kysbdc.ecenterdirect.com/Conferences.action.

Ohio gas prices drop, under national average
COLUMBUS, Ohio — Ohio drivers are seeing some welcome relief at the pump as the week begins and gas prices in the state remain well below the national average.

A gallon of regular gas was averaging $3.42 in Ohio, according to Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express. That’s 14 cents cheaper than a week ago and 33 cents less than the state average a year ago.

Nationally, the average Monday was $3.55 a gallon, down 6 cents from a week ago and 14 cents compared with a year ago.

Gas prices in the past month have been some of the cheapest in Ohio since the start of 2013.

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