Business briefs
Crude creep
Crude oil settled over $100 a barrel for the first time since May 10, up 3.3 percent to $100.10. The average price of a gallon of gasoline is $3.94.
Faint praise
Research In Motion rose 3.8 percent, the most in two months, after being raised to “market perform” by Sanford C. Bernstein’s Pierre Fer ragu, who stopped short of recommending inves tors buy the stock in his note, “Things Can’t Get Worse in the Foreseeable Future.”
Retail romp
Target’s profit rose 2.7 percent to $689 million in the first quarter, while preppy teen retailer Abercrombie & Fitch’s quarterly results shone on a 64 percent jump in foreign sales.
Piracy’s price
Chinese piracy and counterfeiting cost US businesses an estimated $48 billion in 2009, the US International Trade Commission said.
Prius priority
Toyota expects US sup ply of its top-selling Prius to recover to about 70 percent of normal next month after output was disrupted by Japan’s earthquake.

