Business briefs
Streak over
The Dow broke a nine-Monday losing streak, rising 21.34 to 13,117.51. The S&P rose 3.24 to 1,394.23, while Nasdaq picked up 22.01 to 2,989.91.
YouTube-less
Apple said Google’s YouTube won’t be included in the next version of iOS, the software used in the iPhone and iPad.
No deal
Interpublic Group tumbled 7.8 percent after Publicis Groupe said it hasn’t held takeover talks with the ad company or engaged a bank to support discussions.
Gibson coda
US prosecutors announced a deal to drop a criminal case against Gibson Guitar after the instrument maker acknowledged its importations of exotic wood violated environmental laws. Gibson agreed to pay $300,000, forfeit claims to about $262,000 worth of wood seized by US agents and give $50,000 to the National Fish and Wildlife Foundation.
‘Golden’ hire
GoldenTree Asset Management, a $15.7 billion hedge fund, hired Goldman Sachs trader Deeb Salem as the firm expands its mortgage-bond team.