Price of crude oil hovers around $100 a barrel

Benchmark U.S. crude for May delivery rose 85 cents to close at $101.14 a barrel in New York. For the week, the contract fell 53 cents.

The price has vacillated around $100 per barrel for most of the past month.

Brent crude, used to set prices for international varieties of oil used by many U.S. refiners, rose 57 cents to close at $106.62 a barrel in London.

Traders get the munchies, gobble up GrubHub IPO

Wall Street has a major craving for takeout.

Investors sent shares of GrubHub up more than 30 percent Friday in an initial public offering that gave the online food ordering service a market capitalization of nearly $2.7 billion.

There have been 71 IPOs priced this year, more than double the amount from the same time last year, according to IPO investment adviser and research company Renaissance Capital.

Philip Morris International closing Dutch cigarette factory

Philip Morris International will end cigarette production at its factory in the Netherlands as Europeans break the smoking habit for both financial and health reasons.

The company said Friday that it has started talks with employee representatives on a proposal to end production at the factory in Bergen op Zoom. If production is ended, it could impact about 1,230 of the current 1,371 employees.

Philip Morris International says that in the last four years, cigarette volumes have weakened in Europe due to economic softness, illicit trade and as consumers shifting to cheaper alternative products.

Nest Labs disables feature on high-tech smoke alarms

The high-tech home monitoring device company Nest Labs is disabling a feature on its smoke alarms due to the risk that owners could unintentionally turn off the device with the wave of a hand.

Nest was acquired this year by Google for $3.2 billion.

Nest developed technology which it calls the Nest Wave that allows owners to turn off the Nest Protect: Smoke + Carbon Monoxide alarm at a distance, among other things.