Business

Roy's new mayor takes aim at business growth, trimming taxes, annexation

Roy Mayor Bob Dandoy

Bob Dandoy defeated Willard Cragun, the incumbent mayor, last year and took office in Roy in early...

Business

US stock indexes are mostly higher in morning trading

Financial Markets Wall Street

The major U.S. stock indexes were mostly higher in morning trading Friday as gains by retailers and consumer goods companies outweighed losses in other sectors. Technology stocks were among the biggest decliners. Energy companies fell along with the price of crude oil. Bond yields surged to the...


Business

Dem, GOP leaders already blame each other as shutdown looms

Budget Battle

WASHINGTON (AP) — A bitterly divided Congress hurtled toward a government shutdown this weekend in a partisan stare-down over demands by Democrats for a solution on politically fraught legislation to protect about 700,000 younger immigrants from being deported. Democrats in the Senate have served...


Business

Kushner's Deutsche Bank-backed property stung by tenant woes

(c) 2018, Bloomberg. In a six-floor retail space near Times Square, the Guy Fieri restaurant has closed and construction hasn’t begun on celebrity chef Todd English’s food hall. A tourist attraction featuring a 1/87th scale model of New York City was behind on rent for two months as of December,...


Business

Mnangagwa plans Zimbabwe's economic and democratic revival

(c) 2018, Bloomberg. Zimbabwe’s new president, Emmerson Mnangagwa, has a plan to revive one of the world’s worst-performing economies and end its isolation: pay compensation to white farmers whose land was confiscated, sell bonds to rebuild infrastructure and hold internationally acceptable...


Business

U.S. refiners are riding high with strong margins, tax boost

(c) 2018, Bloomberg. U.S. refiners are off to a strong start in 2018, even as competitors elsewhere are hitting harder times. Independent refiners are poised to cash in on President Donald Trump’s U.S. tax reform. Oil market fundamentals are also looking bright. Gulf Coast refiners ran at record-...


Business

The case for an M&A binge as companies blow through tax windfall

(c) 2018, Bloomberg. Buybacks are nice but the real winner in corporate America’s tax windfall will probably be takeovers, Bank of America says. Unlike the 2004 repatriation holiday when 80 percent of proceeds were used to repurchase stocks, this year will probably see considerably less sent to...


Business

Amazon hikes monthly Prime membership prices by 18 percent to $12.99

(c) 2018, Bloomberg. Amazon.com is looking to squeeze more money out of monthly subscribers to its free two-day shipping service, which could persuade many of them to sign up for annual subscriptions. Monthly subscribers to Amazon Prime now have to pay $12.99 each month, an 18 percent jump,...


Business

Review: Addicted to your smartphone? Now there's an app for that.

(c) 2018, The Washington Post. Did you text? Sorry, I can’t see messages right now. Arianna Huffington locked my phone. The media tycoon turned wellness entrepreneur wants to keep you out of your phone, too, with a new app called Thrive. Its goal is to make it cool for a generation hooked on...


Business

Speculation grows that OPEC will end cuts early as prices rise

(c) 2018, Bloomberg. As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year. As the producer group gears up for a meeting with its partners to review strategy in Muscat, Oman, this...


Business

The Latest: WH budget director addresses shutdown prospects

Trump

WASHINGTON (AP) — The Latest on the budget battle in Congress (all times local): 10:25 a.m. White House Budget Director Mick Mulvaney is putting the chances of a government shutdown at “between 50 and 60 percent.” Mulvaney spoke to reporters at the White House Friday as the prospect of a shutdown...


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