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November 06, 2013 05:12 PM

Wednesday Evening Business Brief

  • The Dow has finished trading at another record high. The bluechip index rose 128 points to 15,746.88, beating the record it set last Tuesday by 66 points. The S&P 500 index rose seven and a half points to 1,770, just one point below its own all-time high. The Nasdaq fell eight points to 3,932.
  • Whole Foods says its fourth-quarter profit rose 7 percent thanks to lower costs of the goods it sells. However, revenue fell short of expectations and the company trimmed its 2014 outlook, sending shares plunging in after-hours trading.
  • Oreo cookie maker Mondelez is reporting a jump in quarterly profit and raising its earnings outlook for the year, citing plans to improve productivity. But the company also has trimmed its revenue projection, in part because of disappointing cookie sales in China. Not including one-time items, Mondelez International says it earned 41 cents per share for the quarter, a penny more than Wall Street expected. The company also owns Ritz, Cadbury and Trident.
  • The U.S. Postal Service expects to deliver nearly 15 billion pieces of mail and 420 million packages during the holiday season. Those numbers represent a slight decline in letters but a 12 percent increase in package deliveries. Package deliveries have been rising with the increase in online shopping. Postmaster General Patrick Donahoe says the post office is adding 8,000 to 10,000 seasonal workers to handle the load.
  • Google is explaining what it's got planned for those mystery barges that have appeared in the San Francisco Bay and off Portland, Maine. The boxy, four-story structures on the barges have been the subject of speculation for weeks. Google says it's exploring using them as interactive technology learning centers. However, a company statement added "it's still early days and things may change."
  • Business
  • Economy/Stocks
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