Business

Business

Financial Markets Glance

Dow Jones Industrials High: 18,539.15 Low: 18,448.27 Close: 18,481.48 Change: —65.82 Other Indexes Standard&Poors 500 Index: 2175.44 —11.46 NYSE Index: 10,791.00 —56.49 Nasdaq Composite Index: 5217.70 —42.38 NYSE MKT Composite: 2422.22 —21.45 Russell 2000 Index: 1237.25 —11.33 Wilshire 5000...


Business

Coal towns hit by layoffs to get job grants from US gov't

HUNTINGTON, W.Va. (AP) — Communities in nine U.S. states that have been hard-hit by coal layoffs are being promised more than 3,000 jobs in several industries through a multimillion-dollar federal grant. Officials for the Appalachian Regional Commission and other agencies announced the 29 projects...


Business

Multiagency grants to help communities hit by coal layoffs

HUNTINGTON, W.Va. (AP) — Communities in states hard-hit by coal layoffs are about to receive nearly $39 million in federal grants aimed at helping people get back to work. The Appalachian Regional Commission, the Economic Development Administration and the U.S. Department of Labor announced the...


Business

Stocks end lower as health-care companies decline

Financial Markets Wall Street

NEW YORK (AP) — Stocks closed lower on Wednesday, led by sharp declines in health-care companies as outrage over the steep price hikes for Mylan’s EpiPens escalates. Trading remains quiet overall with many investors still on vacation. It was another below-average day of trading volume on the New...


Business

Bankrupt businessman seizes Moscow bank, then surrenders

Russia Bank Seizure

MOSCOW (AP) — A man who claimed to have a bomb seized a bank in the center of Moscow and took four people hostage Wednesday evening, but he surrendered peacefully a few hours later, police said. Russian news organizations identified the man as a 55-year-old bankrupt businessman who in recent years...


Business

The hidden risk to the economy in corporate balance sheets

Corporate Debt-Too Much

NEW YORK (AP) — America has a debt problem, but it’s not what you think. Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off mortgages and student loans. But it’s the buildup in debt elsewhere that is most worrying...


Business

Appetite for short-dated US debt shows doubts on 2016 Fed move

(c) 2016, Bloomberg. Strong demand at Wednesday’s Treasury five-year note auction added to evidence that markets aren’t yet wholly convinced that the Federal Reserve is poised to tighten monetary policy this year. A class of investors that includes foreign central banks and mutual funds bought a...


State

BC-ID--Intermountain Grain & Livestock, ID

POCATELLO, Idaho (AP) — Idaho Farm Bureau Intermountain Grain and Livestock Report Wednesday, August 24. Bids subject to change. BLACKFOOT __ soft white 3.55, down 5; hard red winter 3.90, unchanged; DNS 4.90, down 10; hard white 4.10, unchanged; BURLEY __ soft white 3.75, unchanged; hard red...


Business

Uber is tackling one of the biggest challenges for workers in the gig economy

(c) 2016, The Washington Post. Few people would say that saving for retirement is easy. But the process is especially difficult for people who work part time or who freelance for a simple reason: they are much less likely to have access to a retirement account through their jobs. Now Uber is trying...


Business

Glencore's worst profit shows miners still reeling from rout

(c) 2016, Bloomberg. Glencore’s lowest profit in its five-year history as a public company shows that for all its success in soothing investor concerns about a debt-heavy balance sheet, it’s still a long road to recovery. Weak raw-material prices caused profit at the commodities giant to plunge 66...


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