Stocks surge...FTC seeks to block daily fantasy sports merger...UPS adds new holiday delivery fee
NEW YORK (AP) — U.S. stock indexes are climbing to record heights again, led by technology companies. Health care stocks and banks are also gaining. European markets jumped after French election results raised expectations for more pro-business economic reforms.
BOSTON (AP) — The Federal Trade Commission is seeking to block the merger of FanDuel and DraftKings, the two largest daily fantasy sports sites. The FTC says the company created by combining the two sites would control more than 90 percent of the U.S. market for paid daily fantasy sports contests. The CEOs of the onetime rival companies said in a statement that they’re disappointed by the decision and are weighing their options.
ATLANTA (AP) — UPS is adding a new charge of under $1 for shipments to residential customers during peak delivery periods in November and December. The company says the fees will range from 27 cents to 97 cents, depending on the date and the type of delivery. It will also add new fees for oversized packages from Nov. 19 through Dec. 23 on top of regular surcharges and a peak surcharge on some international air-shipping routes.
WASHINGTON (AP) — Jovita Carranza has been sworn in as the 44th Treasurer of the United States and the 16th woman to hold the job. As treasurer, Carranza will oversee the Bureau of Engraving and Printing, which produces the nation’s paper currency, and the Bureau of the Mint, which producers U.S. coins. Her signature will appear on U.S. currency along with that of Treasury Secretary Steven Mnuchin (mih-NOO’-shin). After a long career at UPS, Carranza served as a deputy administrator of the Small Business Administration in the George W. Bush administration.
ST. ALBANS, Vt. (AP) — Protesters are showing support for two dairy farmers from Mexico who were arrested after marching to a Ben & Jerry’s factory in Vermont to call for better pay and living conditions on farms that provide milk to the ice cream maker. The two are being held on immigration charges. A U.S. Border Patrol spokesman tells Vermont Public Radio they were stopped in a routine patrol check a few miles away from the U.S.-Canada border.