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Business News


Markets continue to be skittish on overseas news.  China reported their manufacturing sector slowed to a 6-month low in January, but was still showing expansion.  Later today we get lots of economic data. (CNBC)

Food giant Sysco posted a 4.1% increase in sales during the quarter but profits fell 5.3%. The company says business continues to be challenging in the casual dining sector of the economy. (Global Newswire)

The number two US mobile provider, AT&T, says they are cutting prices on large data plans in an attempt to regain ground on Verizon and T-Mobile. The company added 566,000 new net subscribers last quarter. (Reuters)

Jos. A Bank is reportedly in talks to buy retailer Eddie Bauer. In the meantime Men’s Warehouse has sweetened their offer to buy Banks, in a hostile takeover bid.  (Reuters)

The Chinese love luxury goods. BMW is introducing a limited Lunar Year of the Horse M-Class sedan.  The cars will sell for prices up to $458,000 per car.  Sales of BMW climbed 20% last year in China.  (Bloomberg)
 

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