Friday Evening Business Brief
November 2, 2012, 5:16 PM
- Stock prices dropped today, as investors took a more sobering view of the potential impact of Superstorm Sandy on corporate earnings. The Dow fell 139 points to 13,093. The S&P was down 13 points, while the Nasdaq shed about 38 points.
- Issuing a mixed jobs report, the Labor Department says employers added 171,000 positions in October. The unemployment rate rose to 7.9 percent, in part because more people were looking for work and not all of them found jobs.
- Oil settled at its lowest point in almost four months as two Northeast refineries remained shut after Superstorm Sandy. Benchmark crude fell $2.23, or 2.2 percent, to close at $84.86 - its lowest level since July 10.
- Shares of Restoration Hardware jumped in its first day of trading, as investors decided to take a bet on a familiar retail name and the housing recovery. Trading under the ticker symbol "RH", Restoration Hardware shares rose 29 percent.
- A new report finds that Google's Android software for mobile devices was running on 75 percent of smartphones shipped in the third quarter. Research firm IDC says Google extended its lead over Apple, which was second with a market share of 15 percent.
© 2012 Associated Press. All rights reserved. Material may not be redistributed.
4/21/2015 5:18 AM
The longtime sprint car track near Brandon will be renamed Badlands Motor Speedway after the 2015 season.
4/20/2015 1:14 PM
The retailer released its Lilly Pulitzer for Target collection, and many stores were sold out within minutes.
4/21/2015 6:00 PM
Started back in the late 1950s, Huset's Speedway is almost as old as the dirt the cars race on. But that's about to change.
4/21/2015 5:03 PM
Plans are in the works for a 40,000 square foot athletic training center in southeast Sioux Falls. With the Pentagon and the new tennis facility...
4/22/2015 6:03 AM
The online retailer is asking the city of Shakopee for about $5 million in tax breaks to build the 820,000-square-foot center and warehouse.