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IN BRIEF

NEW YORK

Jobs report sows seeds of concern for inflation

The stock market appears to be regaining its health after a weak first quarter, but a full recovery may be far off if upcoming data suggests inflation is a growing concern for the Federal Reserve.

Before this week's inflation data comes in, though, stock market investors will likely react today to the stronger-than-expected employment report released by the Labor Department on Friday, a stock market holiday. The data showed nonfarm payrolls rose by 180,000, higher than the 135,000 that had been expected. The nation's unemployment rate fell to 4.4 percent, a five-month low.

LONDON

Brewer mulls deal for Scottish & Newcastle

Brewer SABMiller is weighing a move to acquire rival Scottish & Newcastle in a $12.8 billion deal, a British newspaper reported Sunday.

Britain's Sunday Express, quoting unnamed sources it said were close to SABMiller, claimed a bid could be made for the rival brewer within days, valuing the company at around $13.90 per share.

Shares in Scottish & Newcastle closed Thursday at $11.90. There was no trading in London on Friday, a British public holiday.

CAMARILLO, Calif.

Price of gasoline jumps over two-week period

The average cost of self-serve regular gasoline rose about 18 cents per gallon nationwide over the past two weeks, according to a survey released Sunday.

That translated to an average price of $2.78 a gallon, according to the latest Lundberg Survey of 7,000 gas stations across the country.

On Friday, a gallon of mid-grade gasoline averaged about $2.89, and premium nearly $3.

Nationwide, the lowest price for regular fuel was $2.54 in Charleston, S.C., and the highest was in San Francisco at $3.30 a gallon.

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Nevada mine shutting down, laying off 117 workers

The mining company said it filed for Chapter 11 bankruptcy protection because it was unable to secure funding and cannot “continue carrying on business.”