Business News

Jobs Continue to Grow Nicely

The S&P 500 and Dow both hit new highs again yesterday.  The NASDAQ is just 400 points from its all-time closing high it hit almost 15 years ago during the dot com bubble. (Fox Business News)

The US economy added 209,000 new private sector jobs in October and the government added 5000 jobs. The unemployment rate in October fell to 5.8% the lowest since July of 2008. (Labor Department)

Apple continues its march to take over the world. Apple's Macs now enjoys its highest-ever market share in the United States. The Mac is the third-largest PC seller in the U.S., with a 13% share. Apple still trails domestic-market leader Hewlett-Packard, with a 28% share of the PC market in the U.S., and second-place Dell, with a 24% share.  (Recode)

Walt Disney increased profits 15% and sales 7% in the latest quarter, helped by growth in the media and studio units. Disney says a fourth “Toy Story” movie will be released in 2017, and principal photography has been completed on "Star Wars: The Force Awakens." (CNBC)

Many McRib fans are going to be out of luck this year. Only about three quarters of McDonald's U.S. locations are bringing back the McRib cult classic sandwich. Introduced in 1982, the boneless barbecue pork sandwich has been one of the rare limited-time offerings in the fast-food industry that returns annually to great fanfare. (Bloomberg)

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