Rising crude oil boosts stocks on bull market anniversary
Stocks edged higher on the seventh anniversary of the bull market as crude oil recovered from a 13 year low. Energy shares led modest gains while investors awaited European central bank decisions and a Federal Reserve policy move next week.
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Dos Equis drops its Most Interesting Man in the World
Dos Equis will replace its gray haired spokesman 77 year old Jonathan Goldsmith after nearly nine years in ads. The brand says the change aims to attract new drinkers and boost momentum as Heineken reports tripled sales since 2007.
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Amazon expands air cargo with 20 Boeing 767s and ATSG deal
Amazon announces its own air cargo network after leasing five 767s last year and expanding to 20 jets via ATSG. The arrangement aims to speed two day delivery by linking fulfillment centers and reducing third party reliance, while Amazon says it will supplement FedEx and UPS rather than replace them. ABX Air and ATI will operate the planes from ATSG’s Ohio hub with ATSG providing logistics services.
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Paris sees large protests over 35 hour workweek reform
Tens of thousands of workers, students and youths marched in more than 200 cities across France to oppose President Hollande’s plan to amend the 35-hour workweek. Paris police reported 27,000 to 29,000 protesters, with unions claiming up to 100,000, as rail strikes disrupted some services. The reform would let companies set alternative hours up to 48 hours a week with potential overtime changes, amid booming business cycles and unemployment concerns.
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