Stocks mixed on quiet day; energy stocks fall
NEW YORK — The stock market paused Monday, ending on a mixed note, after a string of records in recent weeks.
Investors had little company-specific news to digest, although the U.S. and other world powers reached a deal to limit Iran’s nuclear program, an event that pushed down oil prices and energy stocks.
The slow day represented a pause in the market’s strong run-up, capped by another milestone Friday, when the S& P 500 index closed above 1,800 for the first time.
Despite light trade, Monday did feature another market milestone. The Nasdaq rose as high as 4,007.09, a level it hasn’t seen since Sept. 7, 2000, during the dot-com bubble. The index ended up 2.92 at 3,994.57.
The Dow Jones industrial average rose 2 to 16,072.54. The S&P 500 fell 2 to 1,802.48.
Couric to anchor news program for Yahoo Inc.
SAN FRANCISCO — Yahoo on Monday confirmed speculation that Katie Couric is joining the Internet company to anchor a news program as it tries to expand its audience and sell more advertising.
Recent reports have said Couric would diversify into online video programming after spending decades in broadcast television as a talk-show host and news anchor.
The 56-year-old Couric will continue to host her daytime talk show, “Katie,” on ABC even after she becomes Yahoo Inc.’s “global anchor” next year.
The new job will give Couric an opportunity to report on breaking events around the world and interview major international figures.
Couric first became a household name as a co-host of the “Today” show on NBC. She defected to CBS in 2006 to host that network’s evening news.
BlackBerry fallout goes on as COO, CFO depart
NEW YORK — The shakeup at Blackberry is continuing after the ouster of CEO Thorsten Heins this month. Chief operating officer Kristian Tear and chief marketing officer Frank Boulben, both hired by Heins, will leave the struggling smartphone maker.
And the company said Monday Brian Bidulka is being replaced by James Yersh as chief financial officer.
John Chen was brought in as the interim chief executive after negotiations to sell the company collapsed.
Blackberry quickly lost dominance as the leading smartphone maker as the popularity of the iPhone surged.
Fiat: no Chrysler IPO in ‘13; looks to next year
FLORENCE, Italy — Chrysler won’t be offering its stock for sale on the public markets this year. Italian automaker Fiat SpA, Chrysler’s majority owner, said in a statement Monday that Chrysler’s board has determined an initial public offering is not practicable in 2013. Instead, Chrysler Group will continue work on the offering so it can happen in the first quarter of next year.
Fiat owns 58.5 percent of Chrysler’s shares.
Southwest Air boosting charge for pets that fly
DALLAS — It’ll soon cost more to bring your pet with you when you fly on Southwest Airlines. The airline is citing higher costs in raising its pet fee to $95 per flight from $75 beginning with flights on Jan. 15.
Southwest Airlines, which serves Charleston International, lets passengers bring a vaccinated dog or cat that fits in a carrier that goes under an airline seat. Pets are taken on a first-come basis, up to six per flight.
Southwest began carrying pets in 2009. It charges less for the service than many other U.S. carriers. United, Delta, American and US Airways all charge $125 each way, while JetBlue and Alaska charge $100.
Staff and wire reports