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

The Latest: GOP leader insists Democrats will 'own' shutdown

Trump

WASHINGTON (AP) — The Latest on the budget battle in Congress (all times local): 12 p.m. Senate Majority Leader Mitch McConnell says that Democrats will get the blame for a partial government shutdown that looks increasingly likely. The Kentucky Republican says Senate Democrats will “own” the...


Business

Trump trade talk helping convince China on aluminum, Alcoa says

(c) 2018, Bloomberg. The Trump administration’s condemnation of cheap Chinese aluminum is helping resolve overcapacity in China even before any measures are implemented, according to the top U.S. producer. The Commerce Department is preparing to deliver its Section 232 report on national-security...


Business

GE slides toward worst week since recession on capital fears

(c) 2018, Bloomberg. General Electric plummeted again as a report from Deutsche Bank questioned whether the manufacturing behemoth’s latest problems will force it to raise capital by selling shares or further cutting its dividend. The company is facing a “cash squeeze” and growing debt pressures,...


Business

Drivers may pay $11.52 to enter Manhattan's peak traffic crush

(c) 2018, Bloomberg. Commuters driving into Manhattan’s most congested areas would have to pay an $11.52 daily fee under a proposal from a panel created by Gov. Andrew Cuomo. The plan defines a geographic “pricing zone” and recommends the installation of technology to monitor traffic and charge...


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...


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