IKEA workers get wheels. (Assembly required)

ikea_bike.top.jpgIKEA employees based in the U.S. each got a new bicycle like the one pictured here for the holidays. By Charles Riley, staff reporter


NEW YORK (CNNMoney.com) -- Employees of the Swedish furniture retailer IKEA can now go to work in two-wheel style.

All 12,400 U.S. IKEA employees walked away from work this week with a silver mountain bike, a gift the company says is a big thank you to workers for a great year.

"This is our way of saying 'thanks IKEA co-workers for being strongly committed to working together,' " Mike Ward, IKEA U.S. president, said in a statement.

The company does not give a holiday gift every year, and last year employees received a $50 restaurant gift card, IKEA spokeswoman Mona Astra Liss said.

IKEA said it hopes the bikes will help employees by supporting a healthy lifestyle and providing "everyday sustainable transport."

The bicycles were received "with incredible enthusiasm," Astra Liss said, adding that IKEA customers have responded positively as well after hearing about the gift.

As those who have bought a bookshelf at IKEA might expect, some assembly is required. Employees have to add the seat, pedals and one wheel to complete the process.

Not every business is celebrating a successful year the same way.

Despite record profits, some Wall Street banks are even asking employees to pay to chip in for their own holiday parties.

Only 79% of businesses were expected to throw a holiday party this year, according to a survey released last month by research firm Amrop Battalia Winston. That's the worst turnout since at least the 1980s. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 16,614.81 215.14 1.31%
Nasdaq 4,419.48 103.41 2.40%
S&P 500 1,941.28 37.27 1.96%
Treasuries 2.21 0.03 1.24%
Data as of 9:00pm ET
Company Price Change % Change
Apple Inc 102.47 2.71 2.72%
Bank of America Corp... 16.60 0.34 2.09%
The Coca-Cola Co 40.68 -2.61 -6.03%
Regions Financial Co... 9.26 0.10 1.09%
Yahoo! Inc 40.18 0.90 2.29%
Data as of 4:02pm ET

Sections

Yahoo was in the spotlight Tuesday as it released its third-quarter results, its first earnings release since the Alibaba IPO. More

Startups focusing on "ag tech," or agricultural technology, are gaining the attention of farmers and investors More

Foreign workers, lured by false promises of good jobs and benefits in America, soon find themselves enslaved in plain sight as victims of labor trafficking, a report from the Urban Institute finds. Here's how it can happen. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.