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Big week for Wall Street...PayPal ditches Alex Jones...EEOC sues Party City

September 22, 2018

NEW YORK (AP) — Wall Street capped a milestone-setting week with a mixed finish on Friday, as losses for technology companies and retailers offset gains in energy and industrial stocks. The Dow Jones Industrial Average closed at its second all-time high in two days, up 86.52 points to 26,743.50. But an afternoon sell-off erased a potential record close for the S&P 500. It fell 1.08 points to 2,929.67, just under the all-time high it set a day earlier. The Nasdaq composite dropped 41.28 points to 7,986.96.

SAN FRANCISCO (AP) — PayPal is the latest platform to ditch right-wing conspiracy promulgator Alex Jones and his Infowars site. The digital payments company says it is cutting ties with Infowars after a review found that it promoted “hate and discriminatory intolerance against certain communities and religions.” Infowars said the move is a ploy aimed at sabotaging the site just weeks before the midterm elections. Earlier this month, Twitter banned Jones and Infowars. Facebook has also banned Infowars, while other tech companies, including YouTube, Apple and Spotify, have limited Jones.

CONCORD, N.H. (AP) — A federal agency has sued Party City over allegations that it failed to hire a New Hampshire woman after it learned she has autism. The Equal Employment Opportunity Commission filed the lawsuit Thursday in U.S. District Court in New Hampshire. The woman was allegedly denied a job at a Party City in Nashua. The complaint says Waxman has autism and severe anxiety. It says she went to Party City to apply for a sales job after being told the store needed workers. But when a manager learned Waxman had a disability and would need a job coach, she said employees like her were not good workers.

LOUISVILLE, Ky. (AP) — Striking employees at Four Roses will return to work next week after the Kentucky bourbon maker and union officials reached a tentative agreement Friday to end a two-week walkout, a union leader said. More than 50 hourly employees walked off their jobs Sept. 7 over a dispute dealing mainly with sick leave policy. In a bargaining session Friday, negotiators agreed to language giving workers the option to keep current sick leave policy or sign up for a short-term disability plan.

MOSCOW (AP) — Thousands have rallied across Russia today to protest the government’s plan to raise the eligibility age for retirement pensions by five years. Several thousand attended a Moscow rally organized by the Communist Party and other leftist groups. Protests were also held in many other cities. The government’s plan to lift retirement age to 65 for men and 60 for women has irked both older Russians and younger generations worried that keeping people in the workforce longer will limit their own employment opportunities.