Stocks continue rally...Oil prices decline...Restaurant salad mix linked to stomach illnesses

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Associated Press

Posted on August 3, 2013 at 1:02 PM

NEW YORK (AP) — The stock market's summer rally is continuing despite Friday's tepid jobs report. The Standard & Poor's 500 index ended the week 1 percent higher after breaking through 1,700 points for the first time Thursday. The index has risen for five of the last six weeks. The Dow Jones industrial average rose 0.6 percent and is on a streak of six weekly gains.

NEW YORK (AP) — The price of oil is down after two days of big gains, Benchmark crude for September delivery fell 95 cents to close at $106.94 per barrel Friday on the New York Mercantile Exchange. Oil still finished the week up $2.24 a barrel, or 2 percent, due to a gain of $4.81 over Wednesday and Thursday. At the pump, the average price for a gallon of gasoline held steady Friday at $3.63.

WASHINGTON (AP) — The government says an outbreak of stomach illnesses in Iowa and Nebraska is linked to salad mix served at Olive Garden and Red Lobster restaurants in those states and supplied by a Mexican farm. More than 400 people in 16 states have been sickened by the cyclospora infections. It's not yet known if the salad mix is the source of illnesses in the other 14 states.

LOS ANGELES (AP) — Time Warner Cable and CBS say they are trying to settle a fee dispute that has left 3 million customers without the network's programs. A Time Warner spokeswoman say negotiations are ongoing. CBS says it expects talks to resume soon. Time Warner dropped CBS Friday in New York, Los Angeles, Dallas and several other cities in a dispute over fees that Time Warner pays CBS to air programs.

BOSTON (AP) — The principal owner of the Boston Red Sox has entered into an agreement to buy The Boston Globe. The $70 million price that John Henry will pay is a massive drop from the record $1.1 billion the New York Times Co. paid for the Globe two decades ago. The Globe says the deal marks Henry's "first foray into the financially unsettled world of the news media."

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