Good morning from the business news desk of the Star Tribune.
It's jobs day, the most important economic data moment of the week if not the month. The report is coming in about 10 minutes.
Imation Corp., the Oakdale-based maker of digital storage products, this morning reported a fourth quarter adjusted earnings per share of 25 cents. That's a reversal from a loss a year ago. Revenue was down 12.7% to $232.8 million. But that was better than analysts expected. They had forecast revenue of $224 million.
Stocks in Asia and Europe overnight were solidly higher coming off the strongest day on Wall Street yesterday since mid-December. All that could change at 7:30 when the jobs data comes out.
The number to watch for: 181,000 additions to non-farm payrolls. In headlines, that will be referred to as NFP.
So as radio's Paul Harvey used to say, stand by... for news!
Stock futures have all turned sharply lower