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Business

  • Zimmer's quarterly earnings up 16%
    Zimmer Holdings Inc. today reported second-quarter earnings of $176.5 million, or $1.03 per diluted common share, on net sales of $1.18 billion. That's a 16 percent increase from the $152.1 million, or 89 cents a share, on sales of $1.17 billion
  • GM quarterly profit falls 85% on recall costs
    DETROIT – Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
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U.S. stock futures tick higher on Black Friday

NEW YORK (AP) — U.S. stock futures are ticking higher on Black Friday, the unofficial start of the holiday shopping season.

Retail is a key chunk of the U.S. economy — consumer spending accounts for about 70 percent of it. Shopping trends on Black Friday may signal consumers' appetite for spending over the next few weeks. November and December, which can account for as much as 40 percent of a retailer's annual revenue, are crucial for stores.

Dow Jones industrial futures are up 22 points to 12,822. The broader S&P futures are rising 2.1 points to 1290.40, while Nasdaq futures are up 8 points to 2,604.

Wall Street closes early on the Friday after Thanksgiving, at 1 p.m. EST.

European futures are mixed, while Asian futures closed higher.

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