NEW YORK (AP) — Stocks closed the week on a positive note and the Dow Jones industrials and the S-and-P 500 are now on six week winning streaks. The Dow is at 13,275 after posting a 25 point gain. The Standard & Poor's 500 index was up almost three points to close at 1,418. The Nasdaq gained 14 points and now stands at almost 3,077. The gains were prompted by positive earnings reports and outlooks from some retailers.
DALLAS (AP) — Southwest Airlines is raising fares on flights of less than 500 miles by $10 per round trip. The fare hike applies to about one-third of Southwest's routes. The company says it needs the increase to cover costs. United and Delta have already matched the increase.
DETROIT (AP) — General Motors and Isuzu are recalling more than 249,000 SUVs because the window and door lock switches can cause fires. The recall covers the Chevrolet TrailBlazer, GMC Envoy, Buick Rainier, Isuzu Ascender and Saab 97-X SUVs from the 2006 and 2007 model years.
NEW YORK (AP) — Liberty Media Corp. says it has boosted its stake in Sirius XM Radio and intends to take control of the satellite radio broadcaster if federal authorities approve. The conglomerate controlled by cable TV magnate John Malone says it bought 94.3 million shares in Sirius XM starting in the past week for $234.3 million, raising its stake to 48 percent.
SACRAMENTO, Calif. (AP) — Moody's say it will take a close look at municipal finances across California. The credit rating agency says there's a growing threat of increased city bankruptcies and bond defaults. Three California cities, Stockton, San Bernardino and Mammoth Lakes, have filed for bankruptcy this year and Moody's says they probably won't be the last.Tags: