Stocks mixed on 2nd day of trading for 2014
NEW YORK - The stock market is continuing to have a sluggish start to the New Year. Major indexes finished mixed Friday, the second day of trading in 2014.
The Dow Jones industrial average rose 28.64 to close at 16,469.99. The S&P 500 declined 0.61 to 1,831.37. The Nasdaq fell 11.16 to 4,131.91.
The Dow opened the year with a 135-point drop Thursday, the first decline on an opening day of the year since 2008. On Friday, General Motors lost 3 percent after reporting sales slid last month. Delta Air Lines jumped 6 percent after saying a key measure of revenue rose 10 percent in December.
Airport work to close 4 lanes of traffic Monday
Passengers at Charleston International Airport will encounter construction zones throughout the terminal beginning Monday.
Four of the eight lanes of traffic closest to the terminal building will be closed for several months as renovation and expansion work begin.
Also, passengers will follow makeshift corridors to reach the gates. The two concourses are not closing, but construction of new gates and other facilities will be going on near some boarding areas.
AT&T looking to poach business from T-Mobile
NEW YORK - AT&T on Friday said T-Mobile customers who switch to AT&T can receive up to $450 in credit to spend on devices or services.
To receive up to $250 in credit, T-Mobile customers will have to trade in their smartphones.
Then, T-Mobile customers can get $200 more credit after selecting either an AT&T plan called Next, which gives customers a chance to upgrade to a new phone after a year, or its Mobile Share Value plan, its contract-free plan.
T-Mobile is expected to announce next week at the International Consumer Electronics Show that it will cover the costs of customers' termination fees if they switch to T-Mobile.
Pepsi is already hyping its Super Bowl halftime
NEW YORK - The Super Bowl is still about a month away, but the ad blitzes are already beginning. Pepsico is already beginning to promote the halftime show it is sponsoring, in a TV ad airing Saturday.
The commercial is part of a larger campaign by the beverage giant aimed at driving awareness for the show during the big game on Fox on Feb. 2, featuring singer Bruno Mars.
Over the next few weeks advertisers will start to give more hints about their plans for the game at MetLife Stadium in New Jersey. An estimated 108.4 million people watched the game on CBS in 2013, according to Nielsen.
Swipe-fee settlement is too weak, group says
NEW YORK - The National Retail Federation is appealing a multibillion-dollar settlement over credit card swipe fees, saying the deal won't stop fees from soaring in the future.
Last month, a judge OK'd the settlement between retailers and Visa and MasterCard. Retailers had accused the card companies of conspiring to fix transaction fees charged to stores for handling credit card payments. The retail federation is asking the 2nd U.S. Circuit Court of Appeals to overturn that approval.
Liberty Media bids for ownership of Sirius XM
NEW YORK - Liberty Media wants to take full ownership of Sirius XM in a deal that would value the satellite radio service at nearly $23 billion.
The media company already owns 53 percent of Sirius XM's outstanding shares, according to a filing Friday. Liberty is offering to exchange some of its Series C common stock for the rest of Sirius XM's shares.
Staff and wire reports