WALL ST. WEEK POSITIVE: After ending Wall Street's best first-half since 1999, investors were greeted with troubling economic news to start the second half, climaxed by Thursday's dismal employment reports. All the major stock indexes suffered losses in a holiday-shortened session that ended three hours early, yet for the week, all indexes rose. The Dow Jones industrials rose 81.16, or 0.9 percent, to close Thursday at 9,070.21. The Nasdaq composite index had a weekly advance of 38.20, or 2.4 percent, closing at 1,663.46. The Standard & Poor's 500 index had a weekly gain of 9.48, or 1 percent, finishing at 985.70.
JETBLUE TAKES A SEAT: JetBlue Airways will add two inches of legroom for most seats by November, the airline said Friday. By removing one row of seats in its Airbus A320 aircraft, the airline will expand the space per seat to 34 inches, although a third of the seats, nine rows near the front of the cabin, will still have a pitch of 32 inches. The airline also plans to sell $128.6-million worth of new shares to buy planes and build airport facilities. JetBlue has five daily flights between Tampa International Airport and New York's Kennedy International Airport.
OUTBACK STREAKS: Outback Steakhouse Inc. closed at an all-time high for the second straight day. The Tampa restaurant company's stock closed at $40.28 Thursday, up 28 cents. It's up 17.8 percent since Dec. 31.
JUDGE WANTS MORE: The judge overseeing a $1.4-billion settlement of claims accusing Wall Street firms of biased stock research said he wants more details before approving the pact, the second time he has done so. U.S. District Judge William Pauley, who presides over the case in New York, asked whether investment banks plan to seek tax deductions or to ask insurers to cover their payments. He also wants to know if conflict-of-interest rules regarding bank analysts will apply to the firms' foreign affiliates.
ORACLE EXTENDS OFFER: Oracle Corp. extended the deadline for its $6.3-billion hostile bid for PeopleSoft Inc. as investors predicted that Oracle would have to boost its offer. Oracle extended its offer to July 18 for shareholders a day after PeopleSoft said second-quarter sales and profit topped its forecasts. Meanwhile, PeopleSoft reported that a refund program _ in which customers were promised two to five times their costs if the programs they bought were discontinued because of a buyout _ could cost Oracle $354-million.