Market Minute: Famed NYC Tower Goes Public; Home Depot Alters Health Plan

Here's your chance to own a piece of one of the most famous buildings in the world. That story and more are what's in Friday's Market Minute.

The Dow Jones industrial average (^DJI) lost 4 points Thursday and the Standard & Poor's 500 index (^GPSC) fell 3 -- both retreating from record highs set Wednesday. But the Nasdaq composite index (^IXIC) gained 5 points.

Empire State Building IPO
Mary Altaffer/APThe Empire State Building is shown at left in this 2013 photo.
The long anticipated initial public offering for the Empire State Building is about to come to market. The Empire State Realty Trust is expected to raise about $1 billion in the IPO. In addition to the iconic 102-story building in midtown Manhattan, the Trust operates 18 other properties in the New York area. The group that owns the Trust recently rejected several takeover bids for the Empire State Building.

Retail giant Home Depot (HD) is the latest company to alter its health care coverage. It plans to stop providing coverage to 20,000 part-time workers. It will instead steer those workers into new insurance exchanges.

Another retail giant, Target (TGT), says it will hire 20 percent fewer seasonal workers this holiday season.

Apple's two new iPhones are now on sale in the U.S. and in more than 100 other countries -- with reports of long lines in many places. One of them is China, which could help Apple top the opening weekend sales number from last year's launch. But Apple (AAPL) stock has been going downhill ever since it put the iPhone 5 on sale a year ago.

Texas Instruments (TXN) has raised its dividend for the second time this year. The 7 percent increase hikes the quarterly payout to 30 cents a share.

Yum Brands (YUM), which owns KFC, Pizza Hut and Taco Bell, increased its dividend by 10 percent, to 37 cents a share. Earlier this week, fellow fast-food giant McDonald's (MCD) raised its dividend by 5 percent.

And The New York Times Co. (NYT) will resume paying a dividend. It eliminated the payment more than four years ago.

Finally, watch shares of Cyclacel Pharmaceuticals (CYCC). They're set to soar after the company reported positive results for its treatment to fight ovarian cancer.

-Produced by Drew Trachtenberg.

Ways to Make Money on the Side
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Market Minute: Famed NYC Tower Goes Public; Home Depot Alters Health Plan
PA for a day gives users the opportunity to hire a temporary personal assistant to do office work, run errands, walk pets, or do dozens of other jobs. While the website is great for harried professionals, it may be even better for workers looking to bring home a paycheck on a flexible schedule. If you're looking for a good-paying, short-term job where you can set your own schedule, why not drop them a line?
Are you good at putting together IKEA furniture? Do you have time to pick up a Craigslist item? Are you willing to go grocery shopping for someone else? If you answered yes to any of these questions, maybe you should think about joining TaskRabbit, a website where you can submit bids to do odd jobs. Depending on the task -- and on the area where you live -- you can make more than $40 per job.
Can you do a good celebrity voice imitation? Are you willing to film yourself wearing a hot dog suit and singing "Happy Birthday"? Are you a good artist? On, "the world's largest marketplace for small services," you can transform your cool skills into cool cash. Basically, you create a listing with the skill that you are willing to offer, set a price (usually $5 and up), and work on finding clients.

At this point, Etsy is hardly a moneymaking secret, but most people don't realize how easy it is to turn the do-it-yourself marketplace into a thriving business. As our earlier article on Fifty Shades of Grey demonstrated, the site makes it easy for an enterprising DIY-er to piggyback onto the latest pop culture trend.

Photo: Etsy

If you've ever wanted the joy of hanging out with a dog, but didn't want to sign on for the long-term commitment, you might consider joining Dog Vacay. The website pairs dog owners with dog lovers who are willing to babysit them for a short term. Prices start at $15 per night, but "hosts" can set their own rates. You're also allowed to take care of up to three dogs at a time, which means that -- if you're looking for a way to make some money on the side and don't mind sharing your couch with a furry friend -- this might be a great way to get some extra bucks.
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