Business and Money Morning Preview #Hounews

Comments: 0  | Leave A Comment
Behind the scenes in the News92 FM Newsroom/Photo credit: Brent Clanton

Behind the scenes in the News92 FM Newsroom/Photo credit: Brent Clanton

Investors are hoping the stock market reverses itself as the trading week begins to wind down. A four-day streak of record closes ended for the S&P 500 index yesterday, falling eight points to 1,746. The Dow Jones industrial average fell 54 points, to 15,413 and the Nasdaq dropped 22 points, to 3,907. Futures point to a rebound at this morning’s opening.

Nissan Motor Co. is recalling nearly 152,000 Nissan and Infiniti SUV’s to fix faulty brake control software that could increase the risk of a crash. The recall covers some Nissan Pathfinders from the 2013 and 2014 model years, as well as the 2013 Infiniti JX-35 and its successor model, the 2014 QX-60.

Samsung is making a smaller version of its flagship Galaxy S4 phone available next month. The screen is 4.3-inches diagonally, compared with 5 inches for the regular S4. The Mini version is still larger than the latest iPhones.

LinkedIn is introducing a mobile feature that will drive online traffic through emails that can be read on i-Phones. “We’ve started to build out linked in as a professional publishing platform, facilitating the way people can share professionally relevant knowledge. We’d like to have a profile for every company in the world, and who you know at these companies, up to three degrees,” says LinkedIn CEO Jeff Weiner. He says they’re unveiling a new tool called Intro, which is part of the company’s push to make its network indispensable on mobile devices.

The Internet Corporation for Assigned Names and Numbers, the oversight agency for Internet addresses, says it has added four domain name suffixes — all in foreign languages to reflect a growing international population that still has to enter Latin characters for many websites. They represent Chinese for “game,” Arabic for “network” and Cyrillic for “online” and “site.” People and businesses should be able to start registering names ending on those suffixes soon.

Watch what’s happening at Yahoo. Since hiring former Googler, Marissa Mayer, the company has snapped up more than 20 start-ups–the latest, a image-recognition company called LookFlow for its Flickr image-sharing service, including five engineers. Mayer has been particularly interesting in expertise in making applications for smartphones and tablets.

Just in time for the holiday shopping season, Target is rolling out a service that allows customers to order products online and then pick them up at its stores. Target says the service is now in about half of its 18-hundred stores and will be expanded to the rest of its U.S stores by November 1.

Average fares are rising on Southwest Airlines, and so is the airline’s profit. Southwest says third-quarter net income soared to $259 million from $16 million a year ago. The average fare is now $159.39, up 11.3 percent from a year ago.

Six Flags Entertainment Corp.’s net income tumbled 52% in the third quarter amid the death of a roller coaster rider. Attendance, revenue and profit were somewhat suppressed following the July 19 fatality at Six Flags Over Texas in Arlington. Results include $3-million set aside for litigation costs related to a wrongful death lawsuit filed by the family of Rosa Esparza.

The Urban Land Institute Houston is naming The Woodlands Development Company winner of is Vision Award for Exemplary Leadership for its Woodlands master plan. Eight local real estate developments have been named as finalists of the ULI’s annual Development of Distinction Awards, and will be announced in January.

Join the Conversation! Share and Discuss!

Comments

blog comments powered by Disqus