Facebook like page thumb

The Markets:

Top Story :

 
 
« Pause »  

    Business

    Black Friday specials to lure 140 million U.S. shoppers

    An estimated 140 million U.S. shoppers will hit stores and the Web this weekend in search of post-Thanksgiving discounts, kicking off what retailers predict will be the best holiday season in three years.

    Nov 26, 2014 9:39 AM

    An estimated 140 million U.S. shoppers will hit stores and the Web this weekend in search of post-Thanksgiving discounts, kicking off what retailers predict will be the best holiday season in three years. While the number of customers chasing deals over the weekend is projected to be roughly the same as last year, they’re likely to spend more on gifts this time around.

    Business

    Stock indexes hold near record ahead of holiday

    Stocks rose, with benchmark indexes approaching all-time highs, amid optimism the economy is showing sufficient strength to weather a slowdown overseas.

    Nov 26, 2014 2:50 PM

    U.S. stocks were little changed on Wednesday, keeping the major indexes near record levels, as investors assessed the latest reports on the economy.

    Business

    Boston Market CEO on Thanksgiving, food courts

    CEO George Michel said Tuesday Boston Market is looking at expanding and sees potential for 1,500 locations, up from its current 460. One area the company is targeting is food courts, with Michel noting Boston Market can be an attractive alternative to pizza and Chinese fast-food.

    Nov 26, 2014 3:34 PM

    Thanksgiving is a big day for Boston Market, which every year sells turkeys, stuffing, mashed potatoes and other dishes for those who don’t want to cook. The rotisserie chicken chain says its sales of heat-and-serve meals for the holiday are up 20 percent from last year. Beyond Thanksgiving, the chain is also back in expansion mode following its bankruptcy filing in 1998 and acquisition by Sun Capital Partners in 2007.

    Business

    U.S. agency threatens to act against air bag maker

    U.S. safety regulators are threatening fines and legal action against Takata Corp. for failing to admit that its driver’s-side air bag inflators are defective and should be recalled nationwide.

    Nov 26, 2014 5:54 PM

    A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action unless the company admits that driver’s air bag inflators are defective and agrees to a nationwide recall.

    News

    Cuban couple opens ballet school in Wheaton

    Guillermo Leyva and Vilma Machin recently opened Alma Dance School at 246 E. Geneva Road in Wheaton. The couple went through vigorous ballet training in Cuba and performed throughout the world.

    Nov 26, 2014 10:50 AM

    Young suburban dancers who are serious about learning classical ballet — or who just want to try their hand at the fine art — need look no further than Wheaton, where a new classical ballet studio has opened. Owners Guillermo Leyva and Vilma Machin are encouraging students to stop in at their business, Alma Dance School, which opened earlier this fall at 246 E. Geneva Road. “There are many (dance) schools (in the area), but no one really focuses on training serious ballet,” Machin said. “We thought it was a good opportunity for us to have a school here and bring our Cuban heritage here and our strong training.”

    Business

    Three reasons holiday shoppers will spend cautiously

    All signs point to a successful holiday shopping season. Despite the economic tail winds, though, retailers are finding themselves having to work to get shoppers into stores.

    Nov 26, 2014 5:08 PM

    Falling gas prices. Soaring stock market. Unemployment at a six-year-low. All signs point to a successful holiday shopping season. Despite the economic tail winds, though, retailers are finding themselves having to work to get shoppers into stores.Why? Five years into the economic recovery, most Americans still are struggling.

    Deere misses profit estimates as tractor sales drop

    Updated Nov 26, 2014 8:12 AM

    Deere & Co., the world’s largest farm-equipment maker, forecast fiscal 2015 profit that trailed analysts’ estimates as farmers buy fewer high-horsepower tractors and combines after crop prices fell. Deere & Co., the world’s largest farm-equipment maker, forecast fiscal 2015 profit that trailed analysts’ estimates as farmers buy fewer high-horsepower tractors and combines after crop prices fell.Earnings will be about $1.9 billion in the year through Oct. 31, 2015, Moline-based Deere said today in a statement. That missed the $2.19 billion average of 20 estimates compiled by Bloomberg.Deere has already cut production and laid off hundreds of workers this year as plunging corn and soybean prices reduce North American farm incomes. Deere got 64 percent of its fiscal 2013 revenue from the U.S. and Canada.“When farm cash receipts are down, there will be lower spending, especially on farm equipment,” Matt Arnold, a St. Louis-based analyst for Edward Jones & Co. who recommends buying Deere shares, said in an interview last week. “Large, high- horsepower tractors and combines will be where the pressure will be.”Corn has dropped more than 50 percent and soybeans declined more than 40 percent from records in 2012. U.S. farm profit will fall an estimated 14 percent this year from last year’s record, the Department of Agriculture said in August.The number of combines industrywide in the U.S. sold this year through October tumbled 21 percent while tractors with at least 100 horsepower declined 11 percent, according to the Association of Equipment Manufacturers. Agco Corp., the world’s third-largest agricultural-equipment maker, cut its full-year profit forecast on Oct. 7 for the second time on lower sales in all regions and a stronger dollar.Net income for Deere’s fiscal fourth quarter through Oct. 31 fell to $649.2 million, or $1.83 a share, from $806.8 million, or $2.11, a year earlier, Deere said. The average analyst estimate was $1.57 a share. Sales dropped to $8.97 billion.(Deere scheduled a conference call at 10 a.m. New York time that can be accessed at http://bit.ly/1taTPVY.)To contact the reporter on this story: Shruti Date Singh in Chicago at ssingh28bloomberg.net To contact the editors responsible for this story: Simon Casey at scasey4bloomberg.net

    Bankrate.com mortgage and CD rates
    More Business

    MarketsReport

    Biz2Biz

    Sign up for our Newsletter

    The Daily Herald Business Edge is a free e-newsletter for the business-to-business industry. Sent out every Wednesday via e-mail to more than 15,000 subscribers, Business Edge features an array of news and features about companies around the Chicago suburbs.

    E-mail
    (required)
    Full Name

    Reader Poll

    Business Video
    Area Business Calendar

    BusinessDirectory

    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.

    MostViewed

    Today
    Yesterday
    Most Commented
    Top Jobs

      View all Top Jobs Place a job ad

      DHExtras

         
      • Daily Herald eEdition Cook of the Week Challenge
      • Report card checker - report card checker Dh innovation award 2 - Dh innovation award 2
      • Zillow /real estate page Discuss refer
      • On Guard series Newspaper archives -- Monday or anyday
      • Mike North National Newspaper Week - National Newspaper Week

      FacebookActivity