Business

Maggots, mold and dirt reported in Weber jail food

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Health inspectors looked into reports of maggots, mold, and dirt in jail food, and labels...

Business

Amazon releases list of metro areas it's considering for second HQ

(c) 2018, The Washington Post. Amazon.com has released a list of 20 regions in the United States and Canada that the online retail giant is considering as possible sites for its second headquarters. The list, released Thursday, includes major metropolitan areas such as Los Angeles, Dallas and...


Business

Many companies pivot to bonuses, not raises, after new tax cuts

(c) 2018, The Washington Post. On Wednesday, yet another company -- this time Apple, which pledged to give $2,500 restricted stock awards for most of its employees, in addition to investing $350 billion in the U.S. economy -- joined the ranks of employers offering bonuses in the wake of the new U.S....


Business

US indexes are weighed down by industrials, energy stocks

Financial Markets Wall Street

Losses among Boeing, General Electric and other big industrial companies weighed on U.S. stocks Thursday, pulling the market below the record highs it set the day before. Energy stocks contributed to the modest decline following a slide in crude oil prices. Technology companies accounted for the...


Government

Congress nears showdown votes on averting federal shutdown

Budget Battle-4

WASHINGTON (AP) — A divided Congress barreled toward a possible election-year government shutdown Thursday, facing showdown votes in the House and Senate to keep federal offices open and hundreds of thousands of workers on the job. Weeks of argument over immigration, big spending and more remained...


Business

Financial Markets Glance

Dow Jones Industrials High: 26,153.42 Low: 25,947.32 Close: 26,017.81 Change: —97.84 Other Indexes Standard&Poors 500 Index: 2798.03 —4.53 NYSE Index: 13,315.91 —36.48 Nasdaq Composite Index: 7296.05 —2.23 NYSE Amer Composite: 2690.86 —24.07 Russell 2000 Index: 1576.73 —9.93 Wilshire 5000 TotalMkt:...


Business

KKR, Blackstone face demand to reveal secrets in black box suit

(c) 2018, Bloomberg. A group of lawyers in a Kentucky lawsuit is pressing to shed light on information that Wall Street managers have fought for years to keep under wraps. The move seems to be a warning that lawyers supported by former class-action kingpin William Lerach intend to use hardball...


Business

US stocks can't hold gains after hitting records

(c) 2018, Bloomberg. U.S. stocks dipped one day after racing to all-time highs. The yield on 10-year Treasuries climbed above 2.6 percent for the first time since March, while the dollar failed to hold the previous day’s gain. Most major equity gauges were lower, led by weakness in real estate,...


Business

HSBC to pay $100 million to end U.S. currency-rigging probe

(c) 2018, Bloomberg. HSBC Holdings has agreed to pay $100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of currency rates, according to a person familiar with the matter, part of a probe that has already led to the conviction of one of its former bankers...


Business

Amazon has a plan to become profitable: advertising

(c) 2018, Bloomberg. For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com was best served pouring money into the logistical nuts and bolts that have turned his company into the Wal-Mart of the web. More recently, investors have...


Business

Nestle debuts natural ruby chocolate in KitKat-crazed Japan

(c) 2018, Bloomberg. Nestle SA will sweeten Japan’s Valentine’s Day with ruby-chocolate KitKats, choosing one of the world’s most candy-obsessed markets for the debut of the first new type of natural chocolate in more than 80 years. Nestle struck a deal with Zurich-based Barry Callebaut, the...


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