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Tuesday Morning Business Brief

September 25, 2012, 6:10 AM

Tuesday Morning Business Brief

Stocks slipped lower in Monday trading on Wall Street. The Dow was down nearly 21 points to 13,559. The S&P dropped 3 points, while the Nasdaq declined 19 points.

  • On today's economic calendar, the Conference Board releases monthly consumer confidence figures. Also due: the S&P/Case-Shiller home price index.
  • World stock markets fell Tuesday, weighed down by a host of concerns about the global economy. Stocks have risen in recent weeks as the U.S. Federal Reserve and monetary authorities in other major economies announced measures to support growth. The most recent indicators, however, suggest the global economy is still slowing down.
  • A Chinese factory owned by the manufacturer of Apple's iPhones is back in production. A brawl involving some 2,000 workers prompted a one-day shutdown. Foxconn Technology Group won't say whether the suspension would affect supplies of the new iPhone 5.
  • Toys R Us is hiring 45,000 seasonal workers to staff up its pop up stores and help fulfill its expanded shipping options this holiday. That's a nearly 13 percent jump from the 40,000 seasonal workers the company hired in 2011.

For the latest local business news, visit the Back to Business page of KELOLAND.com.

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