Investors’ buying mood helps indexes set records

The stock market closed its fifth straight week of gains with another record Friday.

The Dow Jones industrial average and Standard & Poor’s 500 index carved out all-time highs, extending the market’s gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.

The latest records extended a comeback in the S&P 500, which has increased 11 percent since plunging in mid-October. A strong third-quarter earnings season, on top of a recent string of positive U.S. economic data on housing, jobs and manufacturing, have helped put investors in a buying mood.

The S&P 500 index rose 10.75 points, or 0.5 percent, to 2,063.50. That’s just above the index’s previous high close a day before at 2,052.75.

The Dow gained 91.06 points, or 0.5 percent, to 17,810.06. That’s up from its last record close of 17,719 on Thursday.

The Nasdaq composite added 11.10 points, or 0.2 percent, to 4,712.97. The index is up 12.8 percent for the year.

Turner Broadcasting, Dish agree to restore channels

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider’s lineup during contract talks.

Dish stopped carrying some of the Turner Broadcasting channels in October. The two companies said Friday that they mutually decided on a short-term extension to restore the service.

They also agreed to extend carrying TBS and TNT.

Shares of Englewood, Colorado-based Dish rose $1.48, or 2.1 percent, to $73.70 on Friday while shares of Turner Broadcasting parent Time Warner Inc. fell 54 cents to $80.05.

Former McDonald’s employee wins $437,000 settlement

A former McDonald’s worker acquitted of charges he placed shards of glass into a police officer’s Big Mac nearly a decade ago has won a $437,000 settlement from the city after arguing the officer fabricated the story to win money by suing the fast food restaurant.

Albert Garcia was 18 in January 2005 when Officer John Florio accused him of spiking his burger with broken glass. He initially confessed after being questioned by four detectives for hours in a small, windowless room in the Bronx restaurant.

But Garcia, who has an IQ of 81, soon recanted, and his lawyer’s investigation revealed enough inconsistencies in the officers’ testimonies that the state’s highest court unexpectedly decided to hear the assault case this year. The case had been dismissed in 2012, a decision upheld by a lower state appeals court.

Toyota recalling Lexuses to repair leaking fuel lines

Toyota is recalling nearly 423,000 Lexus luxury brand cars in the U.S. to fix fuel leaks that can cause fires.

The recalls affect the 2006-11 GS, 2007 to 2010 LS and the 2006 to 2011 IS models.

Toyota says that the fuel lines have nickel phosphate plating to protect against corrosion. Some lines could have been built with particles coming in contact with a gasket. That can cause the sealing property to deteriorate and trigger fuel leaks.

– From news service reports