It's been a seesaw week in stocks and today looks no different. U.S. futures indicate a negative opening on Wall Street in just a few minutes. Stocks were lower overnight in Asia and are mostly lower in Europe at the moment.The bulls at the Wall Street Journal money desk, in their wake-up note today, take on the axiom that as-goes-January-so-goes-the-year in stocks.
After a few busy days in Minnesota news, we're off to a slower start this morning. Keep an eye on Polaris Industries shares for reaction to the company's announcement last night that it was lifting its dividend higher than expected. Polaris increased its quarterly dividend to 48 cents from 42 cents. Investors were expecting a boost, but only to 47 cents.
Allete Clean Energy, a unit of the Duluth-based Allete Inc., said it acquired several wind energy projects in Iowa, Minnesota and Oregon from the AES Corporation for $27 million.
Techne announced a new distribution agreement with Fisher Scientific, a unit of Thermo Fisher.
by Evan Ramstad, Digital...1/31/2014 2:22:55 PM
Mixed grain. US stocks & Crude are lower. US dollar is higher. Investors still worried about emerging markets & slowing #China growth.
by ADM InvestorServicesvia twitter1/31/2014 2:26:12 PM
If you got an email from Yahoo to reset your password, it's not a hoax. Yahoo Mail was recently cyber-attacked. cnnmon.ie/1aLbtw2
by Todd Stone, Business Editor1/31/2014 3:03:33 PM
Top-read business story this hour at the Strib website: Once again, it's our story looking at how the hackers that stole consumer data from Target used a stolen vendor's credentials to gain access to the retailer's systems.
by Todd Stone, Business Editor1/31/2014 3:06:13 PM
Back in November, Best Buy's stock price reached $44 a share. After a disappointing holiday season, the price fell dramatically and is now hovering around $23. About 13 months ago, the company stock was below $12 a share.
That's quite a range -- so, which price is closest to real value/potential in the months and years ahead?
by Todd Stone, Business Editor1/31/2014 3:09:29 PM
U.S. markets are down about 1 percent this morning, but Best Buy stock is up 2.5%. investors must be impressed with the retailer's efforts to continue to reduce costs. On Thursday, Best Buy announced plans to cut 950 workers in Canada. Here's the story:
As Microsoft preps to promote EVP Sayta Nadella as its new CEO the folks at Equilar, an executive compensation and corporate governance data firm, gathered some compensation facts on Microsoft including: Last year's summary compensation table listed Nadella's pay at $7,668,952. The value of his equity holdings, including unvested stock, is $20.9 million. And: Steve Ballmer was Microsoft's second largest individual shareholder when he was promoted to CEO. During his tenure as CEO Ballmer never accepted equity compensation. That made Ballmer one of the lowest paid CEOs in the S&P 500.
by Patrick Kennedy1/31/2014 3:54:41 PM
It's my second shift at a high school job fair. You can learn a lot of Econ from talking to 17-year-olds about their lives and their hopes