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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    August 20, 2014 1 Photo

  • Three Wheeled Commuter Car [Duplicate] Three-wheeled car closer to going on sale ROYAL OAK, Mich. — Your next commuter car could have two seats, three wheels and get 84 miles to the gallon. Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight. With a starting

    August 15, 2014 6 Photos

  • White Collar Sentencing [Duplicate] Lighter sentences sought for some business crimes WASHINGTON — The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment for a different categor

    August 14, 2014 1 Photo

  • Amazon Mobile Payments [Duplicate] Amazon joins mobile payment market NEW YORK — Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones

    August 13, 2014 1 Photo

  • BIZ GN140809 gm recall image GM recalls three vehicles for fire hazard General Motors' troubles with safety recalls has surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire. The problem, revealed in documents posted by federal sa

    August 8, 2014 1 Photo

  • BIZ GN0808 Supershow 02 Annual RV show opens in Elkhart ELKHART— Carole and Ray Bronicki have owned four recreational vehicles during the past 25 years. Thursday they were looking for their fifth.“We sold the one we had in Texas, Ray said as he stood outside a fifth-wheel at the Midwest RV Super Show. “An

    August 7, 2014 2 Photos

  • Thor has good year ELKHART — Thor Industries Inc. has had a good year.The recreational vehicle manufacturer announced Monday its fiscal year ended in July with sales from continuing operations up 9 percent at $3.53 billion. Sales in the prior year were $3.24 billion.To

    August 6, 2014

  • Wealth Gap US Economy [Duplicate] S&P says wealth gap slows economic growth WASHINGTON — Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession. Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealth

    August 5, 2014 3 Photos

  • Briefly BRISTOLHiring event set for Wednesday in BristolWorkOne and auto-parts manufacturer Chassix are hosting a hiring event Wednesday.Employees are needed for more than 100 machine operator jobs and related positions.The hiring event will take place from

    August 3, 2014

  • BIZ GN140803 rv show preview image 03 RV Super Show begins Thursday Annual event displays newest recreational vehicles to customers from across the nation.

    August 3, 2014 2 Photos

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Poll

Three Goshen elementary schools — Chandler, Chamberlain and West Goshen — are providing free meals to all students during the school year as part of the U.S. Department of Agriculture’s Community Eligibility Provision of the Healthy Hunger-Free Kids Act of 2010. Nearly 80 percent of students at Chandler, 89 percent of students at Chamberlain and 78 percent of students at West Goshen already qualify for free or reduced-price lunches based on their family income. How do you feel about the new lunch program?

I think it’s a good idea to feed all the students free of charge
I think those who can afford it should pay for their school meals
I think all students should be required to pay for their school meals
     View Results