Business

By the time it's built out, BDO employee population will grow by 70 percent

BZ 031815 BDO 04-3

By the time the Business Depot Ogden is built out — a milestone officials say should occur...

Business

APNewsBreak: NY touts economy boom with South African photo

State Report Foreign Photo

ALBANY, N.Y. (AP) — New York’s economic development agency has issued a report illustrating the state’s growth with an 8-year-old photo of construction cranes in South Africa. The Associated Press discovered the photo in last month’s report from Empire State Development, showing seven towering...


Business

Walmart's plunge sinks retailers, breaking streak for stocks

Financial Markets Wall Street

The biggest drop in Walmart’s stock in 30 years and losses in other sectors pulled U.S. indexes lower Tuesday, snapping a six-day winning streak. The losses deepened in the last hour of trading into a broad sell-off that erased early gains led by technology companies. Walmart plunged 10 percent...


Business

Financial Markets Glance

Dow Jones Industrials High: 25,179.01 Low: 24,884.19 Close: 24,964.75 Change: —254.63 Other Indexes Standard&Poors 500 Index: 2716.26 —15.96 NYSE Index: 12,763.33 —111.04 Nasdaq Composite Index: 7234.31 —5.16 NYSE Amer Composite: 2509.73 —22.28 Russell 2000 Index: 1529.99 —13.56 Wilshire 5000...


Business

3M is said to settle Minnesota lawsuit for up to $1 billion

(c) 2018, Bloomberg. 3M Co. has settled a lawsuit with Minnesota’s Attorney General Lori Swanson for between $500 million and $1 billion, according to a person familiar with the matter. The state had sought $5 billion for natural resources damage and human health problems it said were linked to a...


Business

Walmart's bruising battle with Amazon saps its 4Q results

Earns Walmart

NEW YORK (AP) — Walmart is getting bruised in its battle with online leader Amazon. The world’s largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company’s...


Business

A passenger says she complained about period pains and was forced off her flight

(c) 2018, The Washington Post. A 24-year-old woman in the United Kingdom said she and her boyfriend were removed from an Emirates flight bound for Dubai after an attendant overheard her complaining about menstrual cramps. Beth Evans and her boyfriend, 26-year-old Joshua Moran, said a flight...


Business

US stocks fall with Treasuries, dollar climbs

(c) 2018, Bloomberg. U.S. stocks halted a six-day rally as disappointing results from Walmart weighed on major indexes as the dollar pushed higher. Treasuries fell amid a heavy slate of U.S. debt issuance, with short-end auctions drawing some of the highest yields in almost a decade. The S&P 500...


Business

Slowing online sales send Walmart's stock tumbling nearly 10 percent

(c) 2018, The Washington Post. For months now, Wall Street has rewarded Walmart for engineering the kind of e-commerce turnaround that has eluded so many traditional retailers. But when the merchandising giant reported Tuesday that online growth had slowed during the critical holiday season,...


Business

US floods market with $179 billion of debt in just one day

(c) 2018, Bloomberg. The U.S. Treasury on Tuesday sold $179 billion of securities as it works to rebuild its cash balance, with yields at its auctions of three-month and six-month debt rising to levels unseen since 2008. The government auctioned $51 billion of three-month bills at a yield of 1.64...


National

Investors are winners as companies lay out tax-saving plans

Tax Overhaul Corporate Spending

NEW YORK (AP) — It’s just what the GOP said we’d hear from a CEO after being handed a big tax break. But when Charles Scharf announced plans last month to spend his company’s tax savings on higher wages and technology, investors began selling. The Bank of New York Mellon CEO said he had a...


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