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Monday Evening Business Brief

November 26, 2012, 5:08 PM

Monday Evening Business Brief
  • The stock market had a mixed showing to start the trading week. The Dow fell 42 points to finish at 12,967. The S&P fell nearly 3 points, while the Nasdaq bucked the trend and finished nearly 10 points higher.
  • If you were shopping, and buying, online today, you had plenty of company. Today, Cyber Monday, is expected to be the biggest online shopping day in history. Shoppers are expected to spend $1.5 billion online today.
  • The Food and Drug Administration has halted operations of the country's largest organic peanut butter processor. It is cracking down on salmonella poisoning for the first time with a new enforcement authority the agency gained in a 2011 food safety law. FDA officials found salmonella in Sunland's New Mexico processing plant after 41 people in 20 states were sickened by peanut butter manufactured at the plant and sold at Trader Joe's. The suspension will prevent the company from distributing any food.
  • Yahoo's shares touched $19 today,  the first time they have traded so high in more than two and half years. Yahoo has been buying back its own stock and investors are betting on CEO Marissa Mayer's efforts to turn around the long-struggling company.
  • Nintendo says it has sold more than 400,000 of its new video game console, the Wii U, in its first week on sale in the U.S. The Wii U launched Nov. 18 in the U.S. with a starting price of $300. Nintendo says the sales figure, based on internal estimates, is through Nov. 24.

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