Beef business profits help drive jump in Tyson Foods stock price

October 1, 2017 at 2:29AM
In this Tuesday, Aug. 8, 2017, photo, shoppers walk out of a Nike store in Miami Beach, Fla. Nike Inc. reports earnings, Tuesday, Sept. 26, 2017. (AP Photo/Alan Diaz)
It was a difficult market week for Nike. Its shares declined 3.4 percent on Wednesday on weak sales. (The Minnesota Star Tribune)

Yummy: Tyson Foods jumped 7.6 percent to $70.45 Friday after the food company raised its annual guidance and said profits for its beef business were better than expected.

Sweet home: KB Home rose 8.6 percent to $24.12 Friday after its third-quarter profit and sales for homebuilder beat estimates. It said the company didn't see a big impact from Hurricane Harvey in its key Houston market because its homes were built in newer areas which have higher drainage system requirements.

Sailing along: Carnival rose 4.2 percent to $66 Tuesday after it reported earnings that surpassed Wall Street's expectations and raised forecasts. Bookings and prices for next year are higher than they were at this time a year ago. Carnival shares closed the week at $64.57.

Chip rally: Chipmaker Micron Technology's shares rose 8 percent to $36.88 Wednesday after it posted a better quarter than expected thanks in part to strong datacenter spending and new smartphone rollouts. Shares closed at $39.33.

Laces untied: Shoe and athletic gear maker Nike's shares declined 3.4 percent to $51.87 Wednesday after it said sales in the U.S. remained weak in its first fiscal quarter and steep discounts continued to affect its business. Shares closed at $51.85.

Blood simple: Abbott Laboratories rose 3 percent to $53.74 Thursday after winning regulatory approval for a blood glucose monitoring system more than a year earlier than Wall Street anticipated. Shares closed the week at $53.36.

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Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.
The Minnesota Star Tribune

Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.

The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
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