New car sales rise in Jan., Price of chicken wings high

• The Dow Jones Industrial Average closed at 14,009.79 on Friday, Feb. 1. This is the first time the Dow has risen over 14,000 since 2007. The closing bell was met with cheering from traders on the floor of the New York Stock Exchange, according to CNBC.

• CEO of Chesapeake Energy Corp., Aubrey McClendon, is set to retire on April 1 of this year. His leaving comes after long battles with the shareholders and board members of Chesapeake concerning ethical differences, according to the Wall Street Journal.

• Small individual investors are returning to the stock market for the first time since the financial crisis in 2008. The influx of these new investors is driving the market to higher levels, according to the Wall Street Journal.

• Automakers reported that new car sales in the U.S. rose sharply in January. A total of 1.04 million cars were sold last month, according to the New York Times.

• Jefferies Group Inc., a small and low-profile investment bank, employs the highest-paid CEO on Wall Street. Chairman and Chief Executive Richard Handler was given a $45.2 million payday, according to the Wall Street Journal.

The Washington Post, which is famous for breaking the Watergate story and many others, may move its headquarters in Washington D.C. The change comes with the high cost of the building and the declining popularity of print news, according to the Wall Street Journal.

• Apple’s iTunes recently added the band AC/DC to the iTunes store. The band had previously refused to sell their music through Apple. Among the other artists still refusing to sell music on iTunes are Bob Seger and Garth Brooks, according to the New York Times.

• Super Bowl parties cost a little more this year. The price of chicken wings is at an all-time high and has gone up 16 percent from last year, according to CNBC.

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