Business News

Manufacturing continues to expand

The September Markit Manufacturing PMI came in at 51.5, a three-month low. U.S. manufacturers signaled another moderate upturn in both production volumes and incoming new work during September, but the latest survey indicated a further loss of growth momentum from July's recent peak. (Reuters)

In the world of motor vehicles Nissans U.S. auto sales rose 4.9% percent in September. Ford reported sales fell of 8%. Toyota rose 1.5%. General Motors sales fell 0.6%. A real mixed bag.  (Yahoo Finance)

Darden Restaurants, owner of Olive Garden, reported a quarterly profit of $110.2 million. The company posted revenue of $1.71 billion, up 1.6%. Olive Garden continues to show strength in its turnaround, as same-restaurant sales rose 2% during the quarter.  Darden Restaurants shares have dropped about 4% since the beginning of 2016. (AP)

Netflix shares were up 4% yesterday on talk that Disney is looking to buy the streaming video company. (CNBC)

Want to take that trip to England? As Brexit impact fears renew the British pound has dropped to a 31-year low of $1.27 to the dollar. (Fox Bus. News)

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

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