Money Minute: Chocoholics Spend Big on Halloween; Facebook's Teenage Angst

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Halloween candy facts-and-figures, and possible trouble for Facebook with teenage users. Those and more top money stories you need to know Thursday.

Caucasian girls in Halloween costumes eating candy
Getty Images
This is the day we earn our reputations as chocoholics. A candy trade group says nearly $3 out of $4 spent on Halloween candy will involve chocolate. And for the full year Americans spend nearly $4 billion on chocolate bars. The five most popular candy bars are: M&M's, Snickers, Kit Kat, and Hershey Co.'s (HSY) Reese's and Hershey's confections.

American Airlines and US Airways (LCC) are preparing concessions to win government approval of their proposed merger. The Wall Street Journal says the companies may offer to give up some slots at Washington's Reagan National Airport. The Justice Department has blocked the merger on antitrust grounds, arguing that it would harm consumers. Combined, the two airlines control two thirds of the flights going in and out of Washington National.

The Dow Jones industrial average (^DJI) fell 61 points Wednesday and the Standard & Poor's 500 index (^GPSC) lost 8 -- both backing away from Tuesday's record highs. The Nasdaq composite index (^IXIC) dropped 21 points. Investors were a bit surprised by the Federal Reserve's optimistic assessment of the economy, reigniting concerns the Fed could start to cut back on its stimulus program sooner rather than later.

Two of the most high profile, trendy companies -- Facebook and Starbucks-- posted strong quarterly results. Facebook (FB) beat expectations on a number of key measures: a better-than-expected profit, a 60 percent revenue jump, and an 18 percent increase in the number of active users. The company also says mobile ads, considered the key to future growth, accounted for nearly half of its revenue. But, in a potential danger sign, Facebook says use by younger teens declined.

And Starbucks (SBUX) profit perked 34 percent higher as its new loyalty program helped boost traffic at its stores.

Speaking of coffee, McDonald's (MCD) is teaming up with Kraft Foods (KRFT) to test grocery store sales of McCafe branded packaged coffees. Kraft had a distribution deal with Starbucks that ended two years ago.

And Weight Watchers International's (WTW) stock is slimming down after the weight loss company suspended its quarterly dividend.

-Produced by Drew Trachtenberg.


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15 Comments

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jaysc219

There are a bunch of libs dressing up as obamma, reid, and pelosi in my area. They ring the bell and rob you of everything you have worked hard for.

October 31 2013 at 5:32 PM Report abuse -1 rate up rate down Reply
spotapony

They bring SUV loads of kids to our neighborhood and let them out to ring our door bells. Most of them are Mexicans.

October 31 2013 at 11:29 AM Report abuse +1 rate up rate down Reply
kimba6868

Just don't buy Hersey Chocolate as it is all made in Mexico. Bet the cheap labor was the factor but also, does any know if the FDA rules still apply outside of the US?

October 31 2013 at 11:15 AM Report abuse rate up rate down Reply
alextelcom

Kabang Energy Candy is ranked #1 in the world for kids and adults. Kabang contains NO CAFFIENE. Natural Energy from Vitamins B6,B12,C,& Ginseng...

October 31 2013 at 9:50 AM Report abuse -3 rate up rate down Reply
Jimmy

can't spell today, sorry, any left are all mine, yummy

October 31 2013 at 9:46 AM Report abuse rate up rate down Reply
Jimmy

get

October 31 2013 at 9:45 AM Report abuse rate up rate down Reply
Jimmy

always det what I like, any left over's, are all none, yummmmm

October 31 2013 at 9:45 AM Report abuse +1 rate up rate down Reply
myfriendindover

My all time favorite Halloween candy was a peanut butter type taffy with a red and yellow wrapper called Mary Jane. Brings back so many memories. I doubt they make them anymore. Haven't seen them in many years. I'm too old :-(

October 31 2013 at 9:44 AM Report abuse +1 rate up rate down Reply
3 replies to myfriendindover's comment
zorro205

im glad someone told me like people didn't know this already

October 31 2013 at 9:38 AM Report abuse +1 rate up rate down Reply
Sunny

This is news? That chocolate candy is the biggest seller. Who knew?

October 31 2013 at 9:26 AM Report abuse +1 rate up rate down Reply