The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Qatar Airways has bought a 9.99 percent stake in worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Iberia in the one world alliance.
Qatar's national airline said it would look to strengthen commercial ties with the European carrier and may consider increasing its stake over time, although it was not currently intending to exceed 9.99 percent.
"IAG represents an excellent opportunity to further develop our Westwards strategy," Qatar Airways Chief Executive Akbar Al Baker said on Friday, referring to its aim of expanding in western markets.
Non-European shareholders of IAG including Qatar Airways are subject to an overall cap on ownership as a result of the requirement for EU airlines to be majority owned by EU shareholders.
Shares in IAG, which have risen by 44 percent in the last three months, were trading up 0.3 percent at 565.5 pence. They earlier reached 590 pence, the highest level since the group was formed four years ago.
Analyst Mark Irvine-Fortescue at brokerage Jefferies said Qatar's investment was a strong endorsement of IAG and the tie-up would create opportunities in southeast Asia, India and the Middle East, where Qatar has an extensive network.
He said huge capacity growth from Middle East carriers such as Qatar, Etihad Airways and Emirates was putting pressure on the hubs of Europe's carriers.
"This strategy could be seen as a defensive 'if you can't beat them, join them' move and should in time improve IAG's structural and competitive positioning, possibly at the expense of Air France and Lufthansa, " he said.
IAG Chief Executive Willie Walsh said in a statement: "We will talk to them about what opportunities exist to work more closely together and further IAG's ambitions".
IAG, a leading transatlantic carrier, is trying to buy Irish airline Aer Lingus for $1.5 billion, a deal that will increase its take-off and landing slots at its full-to-capacity London Heathrow hub.
Qatar Airways, owned by the country's sovereign wealth fund, has competed with regional rivals Emirates and Etihad Airways to become major global carriers. Its visibility in Europe has been strengthened by a sponsorship deal with Spanish soccer club Barcelona.
It joined one world in 2013, becoming the first Gulf airline in enter into a global alliance, which allows airlines to team up via code-sharing agreements to boost the number of flights they offer.