Business

Business

Utah restaurant owners rejoice: Puzzling signs may come down

SALT LAKE CITY (AP) — Restaurant owners may no longer have to post signs declaring they aren’t bars, but bar owners will still have to tell customers they are bars, if a revision to regulations enacted last year gets lawmaker approval. Welcome to Utah, known for its strict liquor laws and an...


World

Trump Jr. 'loves' Indian media covering his business visit

India Trump Jr-1

NEW DELHI (AP) — The U.S. president’s son heaped praise on the Indian media and complained of coverage at home, as he neared the end of a whirlwind trip across India promoting Trump-brand luxury real estate. Donald Trump Jr. said at an Indian business summit Friday that life since his father’s...


Business

More companies end ties with NRA as pressure mounts

NRA Reaction

NEW YORK (AP) — Three more companies said Friday they had ended discount programs with the National Rifle Association, as U.S. corporations take a closer look at investments, co-branding deals and other ties to the gun industry after the latest school massacre. Petitions are circulating online...


Government

Fed expects economic gains to prompt gradual rate hikes

Federal Reserve Powell

WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant gradual increases in interest rates this year, delivering the same steady-as-it-goes message under new leader Jerome Powell as it had provided under Janet Yellen. The Fed’s projection on...


Business

Texas adds 3 rigs as US rig count increases to 978

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 978. That exceeds the 754 rigs that were active this time a year ago. Houston oilfield services company Baker Hughes reported Friday that 799 rigs drilled for oil this week and 179 for...


Business

No delegation, no problem for thriving Russian Olympics business

(c) 2018, Bloomberg. When the Russian men’s hockey team scored two goals in 27 seconds to take the lead in an Olympic semifinal Friday, the arena rocked as if it were in Moscow. Russian fans sang and danced, cheering on the players with chants of “RO-SEE-YA,” and “Red Machine.” At the end of the 3-...


Business

General Mills gets pet-friendly again by buying Blue Buffalo

General Mills Acquisition

NEW YORK (AP) — The maker of Cheerios also wants to fill dog bowls: General Mills said Friday that it plans to buy high-end pet food maker Blue Buffalo for $8 billion. It’s a return to the pet business for the more than 150-year-old company, which used to sell food for cats, dogs and birds back in...


Business

Financial Markets Glance

Dow Jones Industrials High: 25,313.91 Low: 25,028.73 Close: 25,309.99 Change: +347.51 Other Indexes Standard&Poors 500 Index: 2747.30 +43.34 NYSE Index: 12,884.11 +172.36 Nasdaq Composite Index: 7337.39 +127.30 NYSE Amer Composite: 2504.58 +14.90 Russell 2000 Index: 1549.19 +19.20 Wilshire 5000...


Business

Walmart is launching online bedding, cosmetic brands in bid for upscale shoppers

(c) 2018, The Washington Post. Walmart is preparing to introduce two stand-alone online brands in an attempt to capture the upscale shoppers that have long eluded the retail giant. The merchandiser plans to launch two homegrown websites - one selling luxury mattresses and bedding, the other focused...


Business

Broad rally helps stocks end a choppy week slightly higher

Financial Markets Wall Street-1

Wall Street capped several days of choppy trading Friday with a broad rally that gave the stock market a modest gain for the week. Technology companies, banks and health care stocks accounted for much of the market’s gains. Energy companies also rose along with crude oil prices. The rally came as...


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