bnat110409
On the homepage
Scanners
Out There
Gas lines
Club Outdoors
Factory orders rise above expectations
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
Factory orders rise above expectations
Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft. It was the fifth increase in six months. The Commerce Department said Tuesday that orders rose 0.9 percent in September; economists had expected a 0.8 percent gain.
General Motors decides to keep OpelGeneral Motors Co. said Tuesday it will keep its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank. GM's board of directors made the decision after determining that a $4.43 billion restructuring plan was significantly lower than what GM would've had to contribute to other bidders for the division.
Disney wins Chinese OK for Shanghai parkAfter a decade-long courtship, the Walt Disney Co. said it won approval from the central government of China to build a Disneyland-style theme park in Shanghai. Analysts estimate the initial Shanghai Disneyland -- not including hotels and resort infrastructure -- will cost $3.5 billion, one of the largest foreign investments in China. It is expected to open in five or six years.
Landry's Restaurants CEO to buy companyThe chairman and CEO of Landry's Restaurants Inc. won approval from the board for his $1.2 billion all-cash offer to buy the company. Tilman J. Fertitta will pay $14.75 per share in cash -- a 37 percent premium over Monday's closing price of $10.76. Shares of Landry's, which owns Rainforest Cafe and other restaurants, surged $2.93, or 27.2 percent, to close at $13.69.
U.K. banking giant to cut 1,700 jobsU.K.-based bank HSBC Holdings PLC said Tuesday it is cutting 1,700 jobs -- the second time this year it slashed its workforce -- as it streamlines its retail banking operations. The bank employs more than 50,000 employees in Britain.
ASSOCIATED PRESS
Recent Business stories
Job trends; More small firms expect sales to increase, but jobs outlook remains poor - November 3, 2009
Job trends; More small firms expect sales to increase, but jobs outlook remains poor - JOB TRENDS: In one good sign for the labor market, some companies are posting more ads seeking employees. More
- Recall erodes Toyota trust, resale prices
- HR and Facebook: It's complicated
- Software firm struggles to break into the big leagues
- Hacker attacks Ceridian; data from 27,000 at risk
- World's tallest tower closed a month after opening
- Obama says both sides have to give on health care
- Downtown Minneapolis: 'Pretty strong' as recession ebbs
Comment on this story | Be the first to comment | Hide reader comments