Daily business briefing: Silver Dollar City owner buys Harlem Globetrotters

October 2, 2013 

Herschend Family Entertainment Corp., which owns Silver Dollar City and 25 other theme parks and tourist attractions, has purchased the Harlem Globetrotters.

The St. Louis Business Journal cites a Los Angeles Business Journal story reporting that the asking price for the basketball team was between $50 million and $100 million. Read more at http://www.bizjournals.com/stlouis. ...

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Sales of biotech seeds have fallen and increased forecasted losses at Monsanto. The St. Louis-based company recorded a loss of $249 million, or 47 cents per share, for the quarter ended Aug. 31. That compares with a loss of $264 million, or 42 cents per share, in during the same period last year. For more, read http://www.bnd.com/business. ...

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Stock futures fell Wednesday during the first day of the federal government shutdown. Dow Jones industrial futures fell 77 points to 15,043. S&P futures lost 10 points to 1,679.40. Nasdaq futures slid 17.5 points to 3,228. Find out more at http://www.bnd.com/business. ...

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David Stockton, a former research director at the Federal Reserve who is now at the Peterson Institute, estimates that for each week the government remains closed, the U.S. economy would lose 0.15 percent of annualized growth. Learn more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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