Money Matters: Southwest Airlines could start charging for bags

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October 25, 2013, 7:47 am
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(NECN) – Here are the day’s business headlines:

Boston Red Sox owner John Henry has officially added the Boston Globe to his portfolio. Henry paid $70-million in cash for the newspaper, its websites and affiliated companies. The deal cost him much less than the $1.1-billion paid for the Globe 20 years ago. The deal was briefly held up by a restraining order in a lawsuit against the Telegram and Gazette, which is part of the deal, but that order has now been lifted.

Boston Scientific in Natick, Mass. is cutting up to 1,500 jobs worldwide over the next two years. That's about 6-percent of the medical device maker's workforce. The company's CFO is also leaving. Boston Scientific is hoping to cut costs by up to $200-million.

If you plan on flying Southwest Airlines anytime soon, you may have to start paying for your bags. The Wall Street Journal reports the carrier could start charging for checked baggage if flying public comes to accept the fees that other airlines charge. Southwest and JetBlue Airways are the last two big airlines that allow travelers to check at least one bag free on domestic flights.

More information is coming out about the upcoming Twitter initial public offering. The social network has set a price range of 17 to 20 dollars per share. The company will release 70-million shares in the offering. Twitter says it could raise as much as $1.6-billion in the process. The company's stock will likely start trading in the next few weeks.

Tags: Twitter, John Henry, Boston Globe, Boston Scientific, business , Worcester Telegram and Gazette, Southwest Airlines, IPO, Money Matters, natick massachusetts, jetblue airways, Boston Globe sale, checked baggage fees, initial public offering for twitter
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