Daily business briefing: Cards franchise worth $805 million

October 23, 2013 

As the St. Louis Cardinals open the World Series Wednesday night in Boston, the valuations of this and other Major League Baseball teams are slowly catching up to that of the National Football League.

The St. Louis Business Journal reports that figures compiled by Bloomberg reveal the average value of an MLB team is $1 billion, up more than 35 percent than previous estimates.

The Cardinals are valued at about $805 million, ranking 15th out of the 30 Major League teams. They will play the American League champion Boston Red Sox, which rank second in baseball valued at more than $2 billion. Read more at http://www.bizjournals.com/stlouis. ...

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Dow Jones industrial futures are down 66 points Wednesday to 15,332. S&P futures have lost 8.7 points to 1,740.70. Nasdaq futures are down 19 points to 3,557.50. Find out more at http://www.bnd.com/business. ...

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Boeing Co.'s net income rose 12 percent in the third quarter as commercial plane deliveries continue to accelerate. The big U.S. plane maker also plans to boost production of the 787 amid strong demand. For more information, go to http://www.bnd.com/business. ...

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Third-quarter earnings reported at WellPoint Inc. fell 5 percent, but the nation's second-largest health insurer expects future gains from the health care overhaul. Shares of the Indianapolis company jumped in premarket trading Wednesday about three hours before the market opened. Learn more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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