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

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

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

Late-afternoon sell-off steers US stocks toward lower close

Financial Markets Wall Street

A steep drop in Walmart’s stock and losses in other sectors pulled U.S. indexes broadly lower Tuesday, placing the market on course to snap a six-day winning streak. A late-afternoon sell-off wiped out early gains by technology companies. Grocery store operators and other consumer-focused companies...


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...


World

Insiders: Russia troll farm even zanier than indictment says

Russia Trump Probe

MOSCOW (AP) — A Clinton-Obama sex tape using body doubles. A Facebook page promoting Texas independence riddled with grammatical mistakes. Islamic State anthems blasting out during the nightshift. The U.S. indictment centered on a Russian troll farm only scratches the surface of the St. Petersburg...


Business

Guess chairman cedes day-to-day duties after Upton accusation

(c) 2018, Bloomberg. Guess Inc. Chairman Paul Marciano is relinquishing his day-to-day duties at the company in the wake of sexual-harassment accusations by model Kate Upton and other women. The board and Marciano agreed that he should step away from the business -- without drawing a salary --...


Business

Preventive treatment for peanut allergies succeeds in study

Peanut Allergy Treatment

The first treatment to help prevent serious allergic reactions to peanuts may be on the way. A company said Tuesday that its daily capsules of peanut flour helped children tolerate nuts in a major study. Millions of children have peanut allergies, and some may have life-threatening reactions if...


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