account deficit increased 6.3 percent to $119.3 billion in the January-to-March period, reflecting a spike in global oil prices that sent the cost of petroleum imports surging. The increase in imports offset strong sales by U.S. companies of autos, computers, and heavy machinery in foreign markets. In U.S. company news, Capital One Financial Corporation has won biding for ING's U.S. online-banking operations, the Wall Street Journal reported Thursday. Capital One, best known for its credit-card unit, will pay $6.2 billion in cash and $2.8 billion in stock for the division, the newspaper said, citing anonymous sources. ING, a Dutch banking and insurance conglomerate in the middle of a breakup, will receive a 10 percent stake in Capital One, the daily said, citing sources. The U.S. dollar rose versus the euro but fell versus the yen. Light sweet crude oil for July delivery rose 14 cents to $94.95 a barrel on the New York Mercantile Exchange. Gold futures rose $3.30 to $1,529.90 an ounce. The Dow Jones industrial average rose 64.25, or 0.5 percent, to 11,961.52. The broader Standard & Poor's 500 index rose 2.22, or 0.2 percent, to 1,267.64. The technology-heavy Nasdaq composite index fell 7.76, or 0.3 percent, to 2,623.70.
