KBND Morning News


KBND Morning News

6:00am - 9:00am

Business News

US stocks are little changed as we await the Fed’s updated policy statement and Fed Chairman Janet Yellen’s afternoon pres conference. (CNBC)

Once a tech icon, Sony, warned of a much-deeper-than-expected loss and said it would not pay a dividend this business year for the first time since 1958.  The company is now predicting a $2.15 billion net loss for the year. (Reuters)

Microsoft increased their dividend by 11% to 31 cents per share, which is in line with the software company's revenue growth last year and half of last year's 22% increase. Microsoft has a bulging shack of cash, which increased 11% over the past 12 months to $86 billion.   (Reuters)

General Mills the maker of Cheerios, GoGurt and Toaster Strudel, says quarterly profits fell 13% on sales of $4.27 billion. The company says North American manufacturing and distribution streamlining are expected to generate $100 million in cost savings by 2017. Plant shutdowns and worker firings are the most likely actions. (Yahoo Finance)

FedEx reported a 24% increase in quarterly profit as the world's No. 2 package delivery company benefited from higher volumes in both its express and ground businesses. Revenue increased to $11.7 billion from $11.02 billion a year ago. (CNBC)




  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • “Six Corners” (SW Canal Blvd/ Quarry Rd / 61st St) Intersection Improvement thru December
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)