NEW YORK (AP) — Stock indexes have wavered today, and the S&P 500 is on track to close out February with a loss. It would be just the second down month for the index in the last two years, when dividends are included. The 10-year yield gave up about half its increase from the prior day, when Treasury yields climbed on speculation that the Federal Reserve may get more aggressive about raising interest rates.
ATLANTA (AP) — Georgia’s lieutenant governor is defending his threat to block a proposed sales tax exemption on jet fuel unless Delta Air Lines restores the travel discount it had offered to members of the National Rifle Association. Appearing on “Fox & Friends” this morning Republican Lt. Gov. Casey Cagle said Delta had taken “punitive” action against defenders of the Second Amendment and was unfairly targeting “law-abiding gun owners.” But a Democratic candidate for governor says Cagle may have broken anti-corruption laws with his threat.
NEW YORK (AP) — Dick’s Sporting Goods is now out front in the falling out between parts of corporate America and the National Rifle Association. The major U.S. retailer is immediately stopping sales of assault-style rifles and high-capacity magazines at all of its stores. And it’s banning the sale of all guns to anyone under 21. The company’s CEO tells ABC’s “Good Morning America” that Dick’s is prepared for any potential backlash.
NEW YORK (AP) — So long Papa John’s, hello Pizza Hut. The NFL announced a multiyear marketing deal with Pizza Hut today, one day after the league and Papa John’s said that they mutually agreed to cut ties. The league’s relationship with Papa John’s frayed last year when the pizza maker’s founder John Schnatter criticized NFL leadership over national anthem protests by players.
CHICAGO (AP) — American Airlines says it’s opposed to the plan by Chicago Mayor Rahm Emanuel for an $8.5 billion expansion at O’Hare International Airport because of what American calls a “secret provision” to award more gates to United Airlines. Emanuel introduced the plan at today’s Chicago City Council meeting. His spokesman said the plan ensures every airline has the chance to grow and ensures that O’Hare and Chicago will grow.