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Monday Afternoon Business Brief

September 10, 2012, 1:11 PM

Monday Afternoon Business Brief

Stocks are little changed on Wall Street. Investors await the outcome of this week's Federal Reserve meeting. Some analysts think the lackluster jobs report released on Friday increased the chances the Fed will want to do more to help boost growth.

  • Word that China's imports were down 2.6 percent in August compared to a year ago is being taken as a sign its slump is getting worse. China's president promises new steps aimed at addressing the slowdown.
  • Ford will add 1,200 workers to a suburban Detroit factory to build the Fusion. A Ford executive says Fusion's market segment is growing two times faster than the rest of the U.S. auto industry. The new Fusion goes on sale this fall.
  • Labor unrest has spread in South Africa today. A wildcat strike by more than 10,000 workers has halted operations at a gold mine while few workers reported for duty in the fourth week of a violent stoppage over poor pay at the world's third-largest platinum mine.
  • Toys R Us says it will launch its own tablet computer for children. The device, called Tabeo, will be released Oct. 21.

You can find all your local business news on the Back To Business page of KELOLAND.com.

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