Good morning from the business news desk of the Star Tribune.
The Santa Claus Rally often comes to a rough end on Jan. 2 and this year looks no different. U.S. stock futures are down at the moment. Shares in Asia were mixed overnight and Europe markets are mostly lower at the moment.
Jobless claims fell a bit last week, though they may have been impacted by the holiday.
Target is off to a strong start this morning. Its shares are up .75% in a down market after Piper Jaffray came out with a research note that said ts next-door neighbor on Nicollet Mall had better-than-expected comparable sales during the holidays. Leading the way: iPads and other electronics, Piper said. That echoes a story Tom Lee wrote early last month.
by Evan Ramstad, Digital...1/2/2014 2:50:55 PM
US Dec. ISM Manufacturing: 57.0 vs. expected 56.8, down from 57.3 in Nov. ^CT
Walt Mossberg, who just left the Wall Street Journal after creating the technology reviewer job there 20 years ago and building a franchise out of it, scratches an itch. In his first piece for his new technology web site, called Recode.net, Mossberg takes on the dogmatism that seems to grip many people about their smartphones and other gadgets.
by Evan Ramstad, Digital...1/2/2014 3:27:53 PM
ISM’s Holcomb: Strength is really broad based – Housing & autos have shown the most strength ^CT
The hiring spree is on for the subcontractors who will build the new ballpark for the St. Paul Saints. Janet Moore has details.
by Evan Ramstad, Digital...1/2/2014 4:14:56 PM
It's a sign of the compliance times: CliftonLarsonAllen, one of the Twin Cities' largest accounting firms, just said it has bought up Bankers Advisory Inc., a 35-person consulting firm in Belmont, Mass., to help mortgage institutions with regulatory compliance and quality control. More later.