The Dow surged 426 points to a record close Friday, and all three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world’s biggest economy. The Dow Jones Industrial Average finished at 44,296.51, up 1%, a day after soaring more than 450 points. The S&P 500 gained 0.4%, while the … Read more
Spain has fined five budget airlines a total of €179m (£149m) for “abusive practices” including charging for hand luggage. Ryanair has been given the largest fine of €108m (£90m), followed by EasyJet’s penalty of €29m (£24m). Vueling, Norwegian and Volotea were issued with sanctions by Spain’s Consumer Rights Ministry on Friday. The ministry said it … Read more
PA Media People were evacuated from Gatwick Airport’s South Terminal on Friday morning Two people were temporarily detained by police after reports of a suspicious package meant Gatwick Airport’s South Terminal was evacuated. The South Terminal, one of two at the airport, was shut at 10:55 GMT on Friday while an explosive ordnance disposal team … Read more
Government researchers have found that a widely prescribed asthma drug originally sold by Merck & Co may be linked to serious mental health problems for some patients, according to a scientific presentation reviewed by Reuters. The US researchers found that the drug, sold under the brand name Singulair and generically as montelukast, attaches to multiple brain … Read more
The fallout at MSNBC’s “Morning Joe” continued to worsen this week after co-hosts Joe Scarborough and Mika Brzezinski told viewers on Monday that they met in person with President-elect Donald Trump. Viewership fell to a new low Wednesday — just two days after the MSNBC duo said they trekked to the Mar-a-Lago resort in Palm … Read more
One of the more under-reported aspects of how President-elect Donald Trump will run the economy will be the influence of those who don’t have a position of power publicly, but remain in his kitchen cabinet. It’s a loosely defined group of outsiders, some Democrats but mostly Republicans, whom he leans on for advice on major … Read more
A free-market cable regulator gets nominated as chair of the Federal Communications Commission, setting tongues wagging on Wall Street that much-needed dealmaking will take place. One of the largest media organizations in the world dramatically alters its business model, separating its cable programming from much of the rest of its company to set itself up for some … Read more
The website for controversial social media influencer Andrew Tate’s self-help site “The Real World” was reportedly hacked this week. The hackers were able to extract a trove of data from Tate’s site – formerly known as Hustler’s University – that included approximately 794,000 user names, 324,382 unique email addresses and both public and private chat … Read more
Satellite TV giant DirecTV called off its deal with Charlie Ergen’s EchoStar to acquire rival Dish TV and other assets. The deal would have created one of the largest pay TV distributors in the country with a combined 20 million subscribers. As part of the deal, DirecTV was set to pay EchoStar $1 for the … Read more
A look at some of the key business events and economic indicators upcoming next week. Retailer Bath & Body Works offers up its latest financial results on Monday before markets open. The retailer is forecast by analysts to post third-quarter earnings per share of 47 cents on $1.58 billion in revenue, close to the 48 … Read more