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Economist: Utah has more jobs

Last updated Thursday, March 29, 2012 - 11:58pm

WEST POINT -- Jobs, consumer confidence and gas prices will have the greatest impact on the economic future, says Dr. Kelly Matthews, emeritus economist for Wells Fargo.

Business, Economic indicators, Economy, Global Economy, Unemployment, Utah Read more Comments

Bill would make gold, silver legal tender in Utah

Antone Clark Standard-Examiner

Last updated Wednesday, March 7, 2012 - 7:46pm

SALT LAKE CITY — A local lawmaker’s bill to allow gold and silver coins to be used as legal tender in Utah is gaining momentum.

The Senate voted 24-4 on Wednesday to adopt HB 317, sponsored by Rep. Brad Galvez, R-West Haven, to allow the precious metals to be used in retail transactions.

Currency, Economy, Global Economy, Gold, Inflation, Investment, Investments, Money, Retail, Shopping, Silver, Taxes, Utah, Utah Legislature Read more Comments

In this Sept. 27, 2000 file photo, an Iranian oil worker repairs a pipe at an oil refinery in Tehran. Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports. (AP Photo/Vahid Salemi, File)

Iran says it's cutting oil exports to France, Britain

Patrick J. McDonnell Los Angeles Times

Last updated Monday, February 20, 2012 - 12:01pm

BEIRUT -- Iran said Sunday that it was cutting off oil exports to France and Britain in a pre-emptive strike against European economic sanctions, while top U.S. and British officials warned against a military attack on Iran's disputed nuclear program.

Iran's retaliatory oil ban was the latest instance of high-stakes brinkmanship surrounding Tehran's nuclear ambitions. Iran says its program is solely for peaceful purposes, but the U.S. and many of its allies suspect the goal is to develop weapons.

Business, Britain, France, Global Economy, Iran, Oil exports, European Union Read more Comments

Jeffrey Steagall, dean of Weber State's John B. Goddard School of Business & Economics

WSU panelist: Greed a lot like sex

Nancy Van Valkenburg Standard-Examiner

Last updated Saturday, February 18, 2012 - 11:52pm

OGDEN -- Is greed still good? That's assuming it ever was good, as declared by a character named Gordon Gekko in the 1987 film "Wall Street."

Business, Banking, Corporate greed, Economy, Federal Government, Global Economy, Monopoly, Politics, Regulations, Sex, Taboo, Utah, Utilities, Voters, Weber State University Read more Comments

German Chancellor Angela Merkel and French President Nicolas Sarkozy leave the building after their meeting in Strasbourg, France. Sarkozy and Merkel meet in Paris on Monday, Dec. 5, 2011, to unveil a proposal for closer political and economic ties between the 17 countries that use the euro. While the leaders differ on some of the details, their cooperation has been so tight they have come to be known by a single name: "Merkozy." (AP Photo/Michael Probst, File)

Markets rise ahead of Merkel, Sarkozy talks

Contributed The Associated Press

Last updated Monday, December 5, 2011 - 9:04am

PARIS — Financial markets are signaling optimism that the leaders of Germany and France will deliver a cohesive plan that saves the euro through stricter oversight of government budgets.

Business, Euro, Global Economy, Nicolas Sarkozy, Stock Market, European Union, International Read more Comments

(ROBERTO MONALDO/The Associated Press) Italian Premier Silvio Berlusoni waves to journalists as he leaves the Quirinale, Presidential palace, after meeting with Italian President Giorgio Napolitano, in Rome, Tuesday, Nov. 8, 2011. Berlusconi says his decision to resign after parliament passed economic reforms is for the good of the country, and to settle financial markets that have lost confidence in Italy’s ability to rein in debt and spur growth.

Markets punish Italy to make sure Berlusconi goes

Colleen Barry, Nicole Winfield The Associated Press

Last updated Wednesday, November 9, 2011 - 9:01am

ROME — Financial markets pounded Italy on Wednesday, sending a clear message that they want Premier Silvio Berlusconi out immediately despite his plan to stick around a little longer.

Business, Economy, Global Economy, Italy, Resignation, Silvio Berlusconi, Stock Market, International Read more Comments

Obama traveling to Europe for economic summit

Contributed The Associated Press

Last updated Wednesday, November 2, 2011 - 7:30am

WASHINGTON — President Barack Obama heads to France on Wednesday evening for a summit of world leaders, but before he does he’ll make another push for passage of a piece of his jobs bill.

Economy, Finance, Global Economy, President Barack Obama, Summit, Europe, National Read more Comments

(STEFFEN SCHMIDT/The Associated Press) In this Tuesday Aug. 4, 2009 file photo Oswald Gruebel, CEO of Switzerland’s biggest bank UBS, is seen during a news conference in Zurich, Switzerland. UBS chief executive Oswald Gruebel has resigned over a $2.3 billion rogue trading loss, the bank said Saturday Sept. 24, 2011. The move ends days of speculation about whether Gruebel could retain his position following the latest scandal to hit Switzerland’s biggest bank.

UBS CEO Gruebel resigns over rogue trading loss

Frank Jordans The Associated Press

Last updated Saturday, September 24, 2011 - 5:24pm

GENEVA — UBS chief executive Oswald Gruebel has resigned over a $2.3 billion loss caused by rogue trading at its investment division, which is to be restructured now to prevent similar incidents in future, the Swiss bank said Saturday.

Business, Banks, Finance, Global Economy, Scandal, International Read more Comments

Stocks open mixed ahead of Fed statement

Francesca Levy The Associated Press

Last updated Wednesday, September 21, 2011 - 8:06am

NEW YORK — Stocks are opening mixed amid uncertainty about what steps the Federal Reserve might take to stimulate the U.S. economy.

Business, Federal Reserve, Finance, Global Economy, Greece, Stock Market, Wall Street, National Read more Comments

Burnt euro notes, burnt because they were unusable for various reasons, are displayed in the money museum of German Bundesbank in Frankfurt, Germany, Wednesday, Sept. 14, 2011, with the German word "Ungueltig" or invalid cut into them. A top lawmaker from German Chancellor Angela Merkel's junior coalition partner is defending comments by his party's leader that an "orderly insolvency" for Greece should be considered in the future if Athens cannot get its finances in order. The comments by Free Democrats leader Philipp Roesler roiled markets earlier this week. They prompted Merkel to say she saw no quick solutions to Greece's problems and caution that "everyone should very carefully weigh their words." (AP Photo/Michael Probst)

Continent weighs a Greek departure from the Eurozone

Henry Chu Los Angeles Times

Last updated Wednesday, September 14, 2011 - 12:15pm

LONDON — Unhappy Germans want them out. Plenty of Greeks themselves would be glad to oblige, relieved to quit a currency club that they feel is more curse than blessing.

Currency, Euro, Global Economy, Greece, European Union, International Read more Comments

Euro coins are photographed in Frankfurt, Germany, Monday, Sept. 12, 2011. Mounting fears over the possibility of a Greek debt default and signs of division within Europe's policymaking circles over how to deal with the crippling crisis combined Monday to send bank stocks sharply lower. Senior German politicians have suggested publicly in recent days that an orderly bankruptcy of Greece may be part of a solution to the country's problems. The notion, which has been a taboo so far in Europe's handling of the crisis, has spawned uncertainty in financial markets. (AP Photo/Michael Probst)

Greece, Europe struggle to contain debt crisis

Nicholas Paphitis The Associated Press

Last updated Tuesday, September 13, 2011 - 9:27am

ATHENS, Greece — German Chancellor Angela Merkel on Tuesday sought to calm market fears that Greece is heading for a chaotic default on its debts as Europe struggles to contain a crippling financial crisis.

Business, Currency, Debt, Finance, Germany, Global Economy, Greece, Stock Market, International Read more Comments

Head of Germany's high court, Andreas Vosskuhle, second left, pronounces tjhe judgment, while judges Udo di Fabio, left, Rudolf Mellinghoff, second right, and Michael Gerhardt, right,look on in the court room in Karlsruhe, Wednesday Sept. 7, 2011. Germany's high court on Wednesday upheld the country's participation in eurozone bailout funds, but ruled that parliament should be more involved in such decisions. The ruling means that while Germany's agreement to take part in the financial rescue of Greece will not be affected, participation in future bailouts might become more complicated. Presiding Judge Andreas Vosskuhle said even though the Federal Constitutional Court had rejected lawsuits arguing that Germany's participation had violated parliament's right to control spending of taxpayer money, it was not giving a rubber-stamp to the chancellor's office. (AP Photo/dapd/ Winfried Rothermel)

US futures follow European shares higher

David K. Randall The Associated Press

Last updated Wednesday, September 7, 2011 - 10:49am

NEW YORK — U.S. stock futures followed European shares higher Wednesday.

Dow Jones Industrial Average, Economy, Global Economy, S&P 500, Stock Market, Wall Street, Europe, International, National Read more Comments

A man watches an electronic stock indicator in Tokyo, Japan, Wednesday, Sept. 7, 2011. Asia-Pacific markets rebounded in early trading Wednesday, as traders looked past some bleak U.S. jobs data and Europe's debt crisis to scoop up bargains following a steep selloff of equities. (AP Photo/Shizuo Kambayashi)

Asian stocks up as gloom fades, bargains sought

Pamela Sampson The Associated Press

Last updated Wednesday, September 7, 2011 - 10:35am

BANGKOK — Asian stock markets rebounded Wednesday as traders looked past bleak U.S. jobs data and Europe's debt crisis to scoop up bargains following a steep sell-off.

Business, Economy, Finance, Global Economy, Stock Market, International Read more Comments

A currency trader watches monitors in a trading room in Paris, Monday, Sept. 5, 2011 after the French stock index CAC 40 went down to 2999; down 54 points at around noon. The movement in bond yields on Monday showed just how varied investors' confidence was in different eurozone countries. Borrowing rates jumped in countries considered high-risk, such as Greece, Italy and Spain and fell in Germany, widely considered a safe haven in times of financial turmoil.(AP Photo/Jacques Brinon)

Swiss franc slumps, European stocks recover poise

Pan Pylas The Associated Press

Last updated Tuesday, September 6, 2011 - 11:46am

LONDON — The Swiss franc dropped sharply Tuesday after the country's central bank pegged it against the euro, while European stocks recovered their poise following a drubbing the previous session, when investors fretted over the exposure of banks to the debt of countries like Greece and Italy.

Debt, Economy, Finance, Global Economy, Stock Market, International Read more Comments

Rebel fighters react after entering into Moammar Gadhafi's compound in Tripoli in this image taken from TV on Tuesday Aug. 23, 2011. The sprawling complex, heavily damaged by NATO airstrikes, is the most defining symbol of Gadhafi's nearly 42-year rule and its fall, a day after the rebels swept into the Libyan capital with stunning speed, comes as the opposition faced pockets of resistance and fighting rocked the capital. (AP Photo/APTN)

What's next in Libya key to US politics, economy

Jim Kuhnhenn The Associated Press

Last updated Tuesday, August 23, 2011 - 10:46am

WASHINGTON — The dramatic advance of Libyan rebels over the forces of longtime strongman Moammar Gadhafi offers vindication, at least for now, for President Barack Obama's decision to refrain from using U.S. troops on Libyan soil and to let NATO take the lead in degrading Gadhafi's military power. But there are still hazards for the White House.

Economy, Gadhafi, Global Economy, Libya, Libya unrest, NATO, President Barack Obama, International, National Read more Comments