Business

MacCool's Public House reaches closing time in Ogden with July 30 party

MacCool's closing sadz

Every new beginning comes from some other beginning's end. It’s one last call at...

Local

Layton bakery owner, veteran recalled as kind father figure after sudden death

tarbet

Bourke Tarbet: A pillar of his community. A mainstay. A stalwart business and family man. The bakery poppa. Those are just a few phrases family, friends and acquaintances use to describe the Syracuse resident and longtime owner of the Layton Great Harvest Bread Company who died July 23,...


Business

Hartford heads for biggest plunge since 2011 as profit falls

(c) 2016, Bloomberg. Hartford Financial Services Group Inc. posted the second-biggest decline in the S&P 500 Index after second-quarter profit plunged on losses from auto insurance. The insurer dropped $4.70, or 11 percent, to $39.23 at 10:20 a.m. in New York, headed for the company’s steepest one-...


Business

Disappointing economic growth in second quarter

(c) 2016, The Washington Post. The U.S. economy grew a sluggish 1.2 percent in the second quarter, according to government data released Friday morning, as businesses cut back on investments and dashed hopes for what economists had expected to be a major bounce-back. The latest data shows an...


Business

AB InBev-SABMiller deal advances on China, investor support

(c) 2016, Bloomberg. Anheuser-Busch InBev’s takeover of SABMiller moved closer to completion as China’s Ministry of Commerce approved the $103 billion deal and the target’s shareholders began lining up in favor of the transaction after the Budweiser maker raised its bid. Chinese antitrust...


Business

Rains bring relief for Ivory Coast cocoa farms after drought

(c) 2016, Bloomberg. A severe drought in West Africa that wrecked the Ivory Coast cocoa crop is giving way to some rainfall, bringing relief to farmers before the start of the next harvest. Showers are forecast for some growing regions of the top-producing nation this week and early next week,...


Business

Exxon misses profit, output estimates as oil glut spreads

(c) 2016, Bloomberg. Exxon Mobil posted the smallest profit since 1999 as Canadian wildfires shut some production and a global glut of oil spread to motor fuels, dragging down refinery margins. Exxon’s second-quarter per-share result of 41 cents was 23 cents lower than the average of 20 estimates...


Business

U.S. economy grew less than forecast in second quarter

(c) 2016, Bloomberg. The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand. Gross domestic product rose at a 1.2 percent annualized...


Business

Under Armour founder pitches $5.5 billion plan for Baltimore

underarmour Keywords: capbiztopnews, Under Armour, Kevin Plank, Baltimore, Elijah Cummings " teaserSize="large">


Business

Stocks fall after Bank of Japan's stimulus plans disappoint

Financial Markets Wall Street

NEW YORK (AP) — Stocks were off to another weak start Friday after the Bank of Japan disappointed investors with stimulus plans that didn’t go as far as many had hoped. Investors got another mixed batch of corporate earnings, this time from Google’s parent company Alphabet, Amazon, and oil giants...


Business

US GDP grows a weak 1.2 percent in second quarter

APTOPIX Economy-GDP

WASHINGTON (AP) — Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big slowdown in the pace that businesses restocked store shelves. The...


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