Stocks up...Oil prices fall... Feds advise disabling Java

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Associated Press

Posted on January 12, 2013 at 4:02 PM

NEW YORK (AP) — Stocks are on a roll. The major indexes gained for a second straight week as company earnings reports started coming in, keeping the S&P 500 within a fraction of its highest level in five years. The S&P gained 5 points in the week to close at 1,472.05 on Friday. The Dow rose 53 points for the week and the Nasdaq rose 24.

NEW YORK (AP) — Oil prices are down on concerns that China's government could limit economic stimulus measures because of higher inflation. Benchmark oil dropped 26 cents yesterday to finish at $93.56 a barrel in New York. On Thursday, a report showing a rebound in China's trade growth boosted oil because it suggested a possible recovery in global demand.

WASHINGTON (AP) — The Department of Homeland Security is advising people to temporarily disable the Java software on their computers to avoid potential hacking attacks. Computer security experts believe hackers have found a flaw in Java's coding that creates an opening for criminal activity and other high-tech mischief.

NEW YORK (AP) — Hostess has found a new home for its most popular breads, including the iconic Wonder bread. The bankrupt maker of Twinkies, Devil Dogs and other snack cakes says it selected bids by rival bakery Flower Foods to buy six of its bread brands for $390 million. Flower Foods, based in Thomasville, Ga., is best known for Tastykakes but also makes breads including Nature's Own and Cobblestone Mill. Hostess is expected to announce buyers for its famed dessert cakes in coming weeks.

SEATTLE (AP) — A bankruptcy judge has approved the sale of beleaguered coffee company Tully's to a group led by Patrick Dempsey. The actor in the "Grey's Anatomy" hospital TV drama had claimed victory last week after an auction. But a company that teamed up with Starbucks to bid for the Tully's chain filed an objection. At a hearing Friday, the judge ruled the auction was fair.

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