Business News

Short Week of Trading

The S&P 500 is coming off its best week since October 2014, with a gain of 3.3%. The Nasdaq was up nearly 3.6% for its best week in four months. (CNBC)
Just 32 days till Christmas and as part of the growing trend to start holiday sales earlier, Wal-Mart is starting Cyber Monday sales the Sunday night of Thanksgiving weekend, with the first round of deals at 5 p.m. PT. (Fox Business News)
Tyson Foods, the biggest U.S. meat processor, reported profits rose 80% to $258 million, helped by strong demand for chicken products and as the Hillshire Brands acquisition boosted sales of prepared foods. The company bought Jimmy Dean sausage maker Hillshire Brands last year for $8.5 billion. Total sales rose 4% to $10.51 billion. (Reuters)
Procter & Gamble should be broken up to improve performance, according to Barron's, which projects P&G's businesses could be worth $90 per share if broken up, compared to Friday's close of $75.82. 
United Auto Workers leaders ratified a four-year contract with General Motors. Separately, Ford workers narrowly approved its four-year labor contract with the union. (CNBC)

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