Dow, Nasdaq close up; restaurant owner finds "new" antique location - WDRB 41 Louisville News

Dow, Nasdaq close up; restaurant owner finds "new" antique location

Marvel Entertainment executives opened Wall Street's trading Thursday. Marvel is releasing the movie, The Incredible Hulk on Friday.

They released some buyers on Wall Street Thursday, at one point driving the Dow higher by more than 100 points.

The Dow was up 57.81 points to close at 12,141.

The Nasdaq also closed up 10.34 points to close at 2,404.

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The White House could be feeling pretty smug about its economic stimulus check plan.

Retail sales in May jumped by the largest amount in six months as 57 million economic stimulus payments were sent out to Americans.

The Commerce Department says retail sales soared 1% last month, the biggest increase since November.

A wide variety of retailers enjoyed a good month, including the biggest increase for department stores and other general merchandise stores in a year.  It was double what economists had been expecting.

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An offer to purchase Anheuser Busch by a Belgian brewer is causing a big fuss from Washington to Missouri.

The brewer is InBev, and the potential deal would involve an American icon, the Budweiser beer brand.  InBev delivered an all cash bid of $46 million.

Politicians and activists are already lining up against the deal, saying it could cost jobs in the United States and send ownership of an iconic American company overseas.

Anheuser Busch says its board of directors will evaluate the proposal carefully.

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When Travis Hall sold Eva Mae's restaurant on River Road, it was this weekend he had in mind.  The Louisville chef wanted a different venue, and he found it in the Goss Avenue Antique Mall. Olivia's Restaurant is in the mall and this weekend is the grand opening.

He says, "When I was first approached to come and look at the location, I loved the antiquity of the building and the direction they were taking the mall, and I just felt like it was a perfect fit for me."

Olivia's will feature brunch for its grand opening this weekend, while all of the antique mall vendors are offering 10% off for the opening.

Hall describes Olivia's as a traditional kind of bistro serving lunch and breakfast.  Evenings Hall will host banquets and special events.

Leading up to the grand opening, Olivia's has had a soft opening and business is already impressing Hall: "We're having our best week so far, each week we've progressed, the last two days we've had record-breaking days back-to-back, so the traffic is starting to come back."

The Goss Avenue Antique Mall building is an antique in itself.  The building was built in 1889 and served as the Louisville Cotton Mills. It was placed on the National Register of Historic Places in 1982.

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