NEED TO KNOW

Another Record

Stocks logged new records last week, soaring Friday after China’s central bank cut interest rates. The Dow Jones Industrial Average rose 0.99%, closing Friday at 17810.06. The S&P 500 was also in uncharted territory, rising 1.16% for the week. 1

Singing the JetBlues: JetBlue Airways is adding baggage fees and cutting passenger legroom, concessions by one of the last holdouts against industry tactics that have frustrated fliers but boosted airline earnings. 2

Gross Inflow: Bond tycoon Bill Gross is getting a boost from

George Soros, whose Soros Fund Management has invested $500 million in a strategy run by Mr. Gross at Janus Capital Group. The money will be managed through a private vehicle named Quantum Partners.

3

Sold Out: Investors snapped up Chinese Internet giant Alibaba Group Holding’s $8 billion bond sale, one of the largest corporate issues of the year. Buyers placed more than $55 billion in orders for the bonds, say people familiar with the matter. 4

Wall Street’s Raise: Total compensation for traders, investment bankers and wealth managers will rise 4% in 2014, matching last year’s gain, according to a study by Options Group. But big legal penalties should temper some payouts and put the final figures closer to flat.

5

Sales Surprise: Best Buy joined a list of big-box retailers reporting higher-than-expected sales growth, suggesting that constraints on consumer spending are easing

Big Deals: Global M&A volume surpassed $3 trillion for the year, a sign that the corporate buying spree is alive and well.