Wall Street opened Thursday knowing retailers saw a pickup in sales last month, as consumers put their economic stimulus payments to work. And the employment picture improved in May.
Stocks made a bounce back Thursday. The Dow ended the trading day up 213 points to close at 12,604. The Nasdaq also closed up 46 points at 2,549.
Brown Forman is making big profits. The Louisville based liquor producer saw profits go up 48% in last year's fourth quarter. Brown Forman points to strength of its Jack Daniel's Tennessee Whiskey brands and Finlandia vodka plus big international demand.
Brown Forman shares have climbed more than 7%.
The nation's number one wireless carrier is getting bigger. Verizon Wirless has agreed to acquire Alltel for nearly $6 billion. The deal will create the nation's largest cell phone company with more than 80 million customers.
U of L engineering students are getting an up close look at their future in business Thursday.
ABB Robotics, a company that develops robotics for Harley Davidson, Ford, Colgate, and the Postal Service and many others, has its robots on display.
Rick Jensen says one key thing robots do is they perform jobs that are dangerous, toxic, or simply a task people cannot do.