Business News

Wholesale Inventories Fall

Earnings season officially kicks off today. Alcoa, often viewed as the start of earnings season, is out with its quarterly numbers after the closing bell this afternoon.  

U.S. wholesale inventories fell at their fastest pace in nearly three years in February, pointing to a sharper slowdown in first-quarter economic growth. Wholesale inventories dropped 0.5%, the sharpest decline since May 2013. (Commerce Department)

The Daily Mail is in talks with private equity firms about a possible bid for Yahoo. The U.K. conglomerate is one of 40 companies kicking the tires to buy the long struggling Internet firm. (WSJ)

As it continues to divest its financial holdings General Electric is planning an IPO for its Czech banking business. GE would retain a significant minority stake in the unit. (Financial Times)

As it pushes to expand into China McDonald's has put its Korean unit up for sale. The fast food giant also put its Japanese unit up for sale last year. (CNBC)

S&P 500 is up 7 and the NASDAQ is up 17.  MSCI International Index is up 0.04%.

Oil is down 19 cents at $39.53 a barrel. U.S. crude surged nearly 8% last week. Gasoline prices gained 8 cents to $2.10 per gallon in the past three weeks (Lundberg survey).

Gold is up $6 at $1250 a Troy ounce.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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