Stocks gain on eve of jobless report
NEW YORK -- Stocks managed their strongest gains in more than a week Thursday as investors sought out bargains or safe bets a day before a key report on unemployment.
The Dow Jones industrial average ended a turbulent session with a gain of 119.05, closing at 10,793.82. The Dow had tumbled 108 points in morning trading before recovering.
Three stocks fell for every two that rose on the New York Stock Exchange. Composite volume totaled 1.04 billion shares, compared with 946.60 million in the previous session.
Pooh pianos recalled for part
WASHINGTON -- More than 200,000 toy pianos were recalled Thursday because a small part may pose a choking risk to children.
The Consumer Product Safety Commission has determined that pieces on a microphone attached to the Tiger Electronics Pooh Poppin' Piano may break off and create a hazard for young children. No choking incidences or injuries have been reported.
Only toys with serial numbers starting with WT or CO15D have the defective microphone. The toys were sold from August 1997 until this month for about $20. For a safe replacement, call (888) 748-2860.
Heat drives consumers to stores
NEW YORK -- The raging U.S. economy combined with a heat wave blanketing much of the country gave Americans a reason to head to the nation's air-conditioned stores and malls in July, boosting retail sales.
The Merrill Lynch retail index, the investment firm's barometer of sales performance at department stores and discount chains, rose 4.5 percent in July. It rose 6.3 percent in June and 5.4 percent in May.
Muslims to boycott Burger King
ARLINGTON, Va. -- A coalition of American Muslims called Thursday for a worldwide boycott against Burger King because of a restaurant the fast-food chain opened recently in a Jewish settlement on the West Bank. The company said it will try to resolve the dispute.
The West Bank has been at the center of the Middle East conflict ever since it was seized by Israel in the 1967 war.
The coalition of about 10 Muslim advocacy and religious groups wants Burger King to close the West Bank restaurant as well as donate money for Muslim refugees.