Business

Northrop Grumman to buy aerospace manufacturer Orbital ATK

BZ 062817 Erica Sandoval ATK 01

Northrop Grumman, one of the nation’s largest defense contractors, announced on Monday that...

Business

European trade mission explores Ogden as potential outdoor business 'base camp'

BZ 091917 EU4Sports Trade Mission 03-2

Members of the EU4Sports Clusters Alliance Trade Mission spent several days in Junction City, meeting with its business leaders, sampling local trails and exploring whether Ogden could be a good jumping-off point to plunge into a United States market.


Business

US stock indexes mixed ahead of Fed announcement; oil rises

Financial Markets Wall Street

U.S. stock indexes were drifting between small gains and losses in afternoon trading Wednesday ahead of the Federal Reserve’s latest economic and interest rate policy update. Industrial companies, including airlines, led the gainers. Energy stocks also rose as oil prices headed higher. Technology...


Business

Toys `R' Us lives on because Mattel, Hasbro can't let it die

(c) 2017, Bloomberg. Rest easy, kids. Toys “R” Us isn’t going anywhere, at least not if the makers of Barbie and Transformers have their way. The toy chain filed for bankruptcy-court protection Monday night, another in a string of specialty retailers felled by Wal-Mart Stores, Amazon.com and the...


Government

GOP senator defends health bill against Kimmel's attacks

Congress Health Overhaul

WASHINGTON (AP) — Sen. Bill Cassidy defended his health care bill Wednesday after late-night TV host Jimmy Kimmel accused the Louisiana Republican of lying to him about it, heightening the tension around the last-ditch GOP effort to make good on years of promises to repeal “Obamacare.” “I am sorry...


Business

Amazon is lifeline for retail workers - if they live in right city

(c) 2017, Bloomberg. Elijah Hahe spent years toiling in retail-supermarket cart boy, gas station attendant-with little to show for it but low pay, inconsistent hours and skimpy benefits. So when Hahe heard a radio ad for positions at a new Amazon.com warehouse near Columbus, Ohio, he applied...


Business

Airbus seeks China goodwill with first wide-body site abroad

(c) 2017, Bloomberg. Airbus is courting China with its first wide-body jet facility outside Europe, positioning the company to chase billions of dollars in potential orders from an aviation market that’s set to become the world’s biggest within a decade. On Wednesday, Chief Operating Officer...


Business

OPEC has success at last, but oil revival may be short-lived

(c) 2017, Bloomberg. When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived. Crude prices have rebounded to a three-month high and the world’s bloated fuel inventories are shrinking,...


Business

CEOs say corporate tax cut would spur job creation

(c) 2017, Bloomberg. A group of U.S. business executives called for Congress to cut the corporate tax rate as low as possible and end the current global approach in which companies’ profits are taxed no matter where they’re earned. “We see this as a big enabler,” said Dennis Muilenburg, chief...


Business

Vanguard warns of decade of muted returns despite strong growth

(c) 2017, Bloomberg. The world’s biggest mutual fund company says it’s surprised by the global economy’s strength this year, but that doesn’t mean it’s more optimistic about the investment outlook. Investors should brace for a decade of “muted returns,” said Nathan Zahm of Vanguard Group,...


Business

Rutte urges end to same job, different pay practices in EU

(c) 2017, Bloomberg. Dutch Prime Minister Mark Rutte backed calls for action to prevent workers in the European Union from earning different levels of pay for the same jobs, stressing the need to ensure citizens reap benefits from international trade rules. Rutte, who heads a caretaker government,...


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