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Live Nation antitrust trial nears end

NEW YORK — A lawyer for 34 states suing Live Nation Entertainment tried to convince a jury Thursday during an antitrust trial ‘s closing arguments that the company and its ticketing arm, Ticketmaster, are monopolizing the industry and driving up concert prices. But a lawyer for Live Nation insisted in Manhattan federal court that there is more competition than ever and the company plays fair amid a booming concert business across America. The attorney, David Marriott, said the states failed to prove that Live Nation had acted as a monopolist. “They can’t, and they didn’t,” ...

Oil plunges, stock futures jump after agreed ceasefire

NEW YORK — Oil prices plunged and U.S. stock futures jumped after President Donald Trump held off on his threat of devastating attacks on Iran. U.S. crude oil futures fell more than 15%. Futures for the S&P 500 were up 2.2% as of 8:05 p.m. ET, while Dow futures rose 930 points or 2%. Late Tuesday, Trump said he was holding off on his threatened attacks on Iranian bridges, power plants and other civilian targets, subject to Tehran agreeing to a two-week ceasefire and reopening of the Strait of Hormuz. Iran’s Supreme National Security Council said it has accepted a two-week ceasefire ...

Stopgap measures can’t halt prices

NEW YORK — Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war, which took a record amount of oil off the market when tankers full of crude were stranded in the Persian Gulf and military strikes damaged refineries, pipelines and export terminals. Hoping to ease some pain for consumers, President Donald Trump and other heads of state have been pulling on various levers, launching more oil on the market in a bid to calm the chaos. A group of 32 nations that are members of the International Energy Agency began releasing the ...

Ticker: Delta joins the list of US airlines raising bag fees

Delta Air lines is joining a growing list of U.S. carriers raising checked bag fees. The move announced Tuesday comes as higher fuel costs ripple through the airline industry. Most Delta passengers on domestic and short-haul international routes will now pay $45 for the first checked bag and $55 for the second starting on Wednesday. That’s $10 more than before the Iran war started and disrupted global oil supplies. Delta says a third bag will now cost $200 — a $50 increase. United Airlines and JetBlue also raised fees last week. Jet fuel is refined from crude oil and typically ranks ...

Sheetz expanding into Indiana

Sheetz Wednesday announced official plans to enter the state of Indiana, marking a significant step in the company’s long-term Midwest growth plans. Sheetz will open its first stores in the state in the greater Indianapolis area next year. Overall, Sheetz plans to build 100 store locations over the next 10 years in Indiana, investing nearly $1 billion and resulting in the creation of more than 3,000 long-term jobs. Specific locations and opening dates for Sheetz’s initial sites will be announced as the development process advances. This announcement further accelerates ...

GM recalling more than 270K Chevrolet Malibus

General Motors is recalling more than 270,000 Chevrolet Malibu vehicles in the U.S. because the rearview camera screen may display a distorted or blank image. The National Highway Traffic Safety Administration said in a letter that a rearview image that doesn’t display properly reduces the driver’s view behind the vehicle, which increases the risk of a crash. The recall includes Chevrolet Malibu vehicles with model years 2023 through 2025. GM said that it is not aware of any crashes or injuries related to the recall issue. Dealers will replace the rearview camera for free.