Business News

AM Business Notebook

For: February 11, 2026

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Tuesday. At the closing bell, the Dow Jones Industrial Average rose 52 points to 50-188. The S&P 500 dropped 23 points to 69-41. The Nasdaq lost 136 points to 23-102.

 

>>Jobs Report Due

(Washington, DC) -- The January jobs report comes out today. Normally, it would have been released on Friday, but was delayed slightly because of the partial government shutdown that ended last week. Most analysts are expecting to see the addition of 55-thousand new jobs, versus the 50-thousand created the month prior.

 

>>Retail Sales Flat In December

(Washington, DC) -- Holiday shopping numbers are coming in below expectations. Consumer Department data released Tuesday showed retail sales were flat in December after seeing a bump in November. Analysts had expected a rise of four-tenths-of-a-percent. Year-over-year, sales jumped two-point-four-percent after jumping a little more than three-percent in November.

 

>>Salesforce Employees Call On CEO TO Stop Work With ICE

(San Francisco, CA) -- More than 14-hundred Salesforce employees are asking CEO Marc Benioff to stop the company from working with Immigration and Customs Enforcement. The letter, reported by CNBC, expresses concern over reports that Salesforce is pitching the use of artificial intelligence to help ICE hire ten-thousand new agents and vet tip-line reports. The letter also calls on Benioff to issue a public statement against using masked federal agents in U.S. cities.

 

>>WBD's Board To Review Paramount's Upgraded Offer

(New York, NY) -- Warner Bros. Discovery's board will review Paramount Skydance's latest offer in its hostile takeover attempt. Paramount Skydance said Tuesday it has sweetened its offer for Warner Bros. Discovery by adding a so-called ticking fee to signal regulatory confidence, but it stopped short of raising its 30-dollar-per-share offer. While there are plans to review the offer, for now, the WBD board "is not modifying its recommendation with respect to the Netflix Merger Agreement." An answer to Paramount's latest offer is due within ten business days.

 

>>Omaha Steaks Cutting Ties With Restaurants

(Omaha, NE) -- Omaha Steaks is cutting ties with restaurants. The company has announced that it is shutting down its food service fulfillment operation. Omaha Steaks, which was founded in 1917, is known for its mail-order operations, but many restaurants have also used the company's products for their meals.

 

>>Saks Fifth Avenue Closing Eight Stores

(New York, NY) -- Saks Fifth Avenue is closing more of its high-end department stores. Saks Global also owns Neiman Marcus and Bergdorf Goodman, and entered Chapter Eleven bankruptcy proceedings last month. On Tuesday, the retail empire said it was closing eight of its Saks Fifth Avenue locations and one Neiman Marcus. Starting this weekend, Saks is also closing 14 of its Fifth Avenue Club personal shopping services. The company adds that it's shutting down its Horchow home furnishings website next week and transitioning all of its home design products to neimanmarcus.com. 

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