Goshen News, Goshen, IN

Business

June 10, 2014

S&P 500's record run ends

(Continued)

MetLife announced plans to buy its own shares, aiming to spend up to $1 billion. The news sent MetLife up 39 cents, or 0.7 percent, to $55.05.

More evidence of an improving economy came Tuesday when the government reported that wholesalers added to their stockpiles of goods in April, a move that suggests they anticipate stronger growth. A separate report showed that the number of job openings climbed to 4.5 million in April, the highest figure since September 2007. The increase could be a hint of stronger hiring in the months ahead.

"The labor market recovery looks for real," Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi, wrote in a note to clients. "The economy is better than you think."

In the market for U.S. government bonds, the yield on the 10-year Treasury inched up to 2.64 percent from 2.61 percent late Monday. Yields rise when bond prices fall. The price of oil fell 6 cents to settle at $104.35 a barrel.

Among other companies in the news:

• After rising to $165.48 in the morning, Allergan's stock went into reverse and lost $1.06 cents, or 0.6 percent, to $163.09. The company rejected a buyout offer from Valeant Pharmaceuticals and Bill Ackman's Pershing Square Capital Management, saying the $53 billion bid undervalues the maker of Botox.

• Best Buy's stock rose 69 cents, or 2 percent, to $29.49 after the retailer said it was going to raise its quarterly dividend by two cents to 19 cents a share. The move comes a month after Best Buy reported its highest quarterly profit in more than three years.

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Business
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  • News and South Bend Tribune reach delivery agreement GOSHEN — The Goshen News announced today it has reached an agreement with the South Bend Tribune to have its newspaper carriers deliver the Goshen News in Elkhart, LaGrange and Kosciusko counties. According to Publisher Ron Smith, the agreement will

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    July 27, 2014 1 Photo

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    July 27, 2014

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    July 25, 2014 1 Photo

  • Supreme Industries reports improved quarter GOSHEN — Supreme Industries Inc. reported Thursday its second quarter sales and income were up. The company, which makes specialized commercial vehicles, reported its consolidated net sales from continuing operations grew to $71.6 million in the seco

    July 24, 2014

  • Earns General Motors [Duplicate] Recalls cost GM $1.5 billion DETROIT — Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190 mil

    July 24, 2014 1 Photo

  • Amazon Kindle Service [Duplicate] Amazon unlimited e-book service is limited NEW YORK — Amazon’s new “unlimited” e-book service lets you read 600,000 books. That sounds like more than you’ll ever read, but I found myself struggling to find the books I wanted. It turns out that the library of 600,000 is bit like a small bookst

    July 21, 2014 1 Photo

  • BIZ GN140720 blue barn berry farm image 01 New berry farm also offers classes, treats SYRACUSE — A retirement hobby has grown into a new agriculture-based business for a local family.Don and Peggy Bucher and Shanda and Chris Sheeren are members of a farm family who operate Bucher Farms along N. 300 East. According to Shanda, her mothe

    July 20, 2014 2 Photos

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    July 20, 2014 1 Photo

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