Good morning from the business news desk of the Star Tribune.
U.S. stock futures turned lower in the last 40 minutes since the ADP jobs report came out. It said the U.S. added 175,000 jobs last month, below the expected figure of 189,000. Stocks in Asia and Europe were mixed overnight. Japan finally found a bottom. The Nikkei fell 2% Monday and 3% Tuesday but rose 1.2% today.
In Minnesota news, Fastenalsaid its January comparable sales rose 6.7%, just below its average of 7.25% growth over the last six months. Later today, Select Comfort and Digital River will announce fourth-quarter results.
Buffalo Wild Wings and 3M are indicating opening upticks of more than 1%.
by Evan Ramstad, Digital...2/5/2014 2:09:41 PM
Lower grains this am. US stocks are mixed/lower. US dollar is lower. #Crude & Metals are higher. Cattle are lower. Hogs are higher.
by ADM InvestorServicesvia twitter2/5/2014 2:16:40 PM
Greek yields drop, stocks rally on report EU is mulling extending loans cnb.cx/1na2zs2
Shares in Buffalo Wild Wings were indicating up more than 1% before the open, a sign that investors were prepared to shrug off the company's revenue miss in yesterday's earnings report and focus instead on the better-than-expected profit. The share price popped briefly, then fell ... and then plunged...
BWLD is now off about 9%...
by Evan Ramstad, Digital...2/5/2014 2:48:37 PM
For some perspective on Buffalo Wild Wings' volatility today, here's the 12 month chart, which shows the shares doubled from a year ago and investors over the past few weeks have essentially called a top...
Shares in Eden Prairie-based Stratasys are off more than 11% in the early going after its biggest rival, 3D Systems, yesterday gave weak guidance for 2014. 3D shares have plunged nearly 30% but its outlook is affecting sentiment on 3-D printing industry, which has been in the hockey-stick period of growth over the past year, though with plenty of vocal detractors...
Here's the five-day on Stratasys:
by Evan Ramstad, Digital...2/5/2014 3:17:58 PM
Secret Service says different kinds of malware at Target and Neiman-Marcus. Don't know if it is the same hackers.
Unemployment higher in Europe than US due to higher labor force participation – New York Fed CBO: Obamacare will reduce U.S. employment by 2 million – Businessweek Oil tank car leaks crude for 70 miles from Red Wing to Winona – StarTribune Energy storage firm in Baxter, Silent Power, goes out of business – Brainerd Dispatch Mayo Clinic, pro basketball to take over Block E – StarTribune Wisconsin’s sole oil refinery moving more by rail – Duluth News Tribune CVS stores to stop selling cigarettes – CNN This guy has grown weary of all the praise for Scandinavia – Guardian Schafer: Lying to get a job is a sign of the times – StarTribune Man loses it at theater, grabs woman’s phone and throws it – National Review
by Adam Belz2/5/2014 3:50:04 PM
Secret Service: We're talking about a network of transnational cyber criminals.