Business

New loan program to help small businesses navigate 'funding desert'

Ogden residents sought answers Thursday

The city’s Community and Economic Development department hopes a new statewide loan program...

Business

Marvell to buy rival chipmaker Cavium for about $6 billion

(c) 2017, Bloomberg. Marvell Technology Group, a chipmaker looking to build itself a future outside of a declining area of the market, has agreed to buy Cavium Inc. for about $6 billion. The buyer will pay $40 in cash plus 2.1757 Marvell common shares for each Cavium share, according to a statement...


Business

Online retail navigates the cyber monday conundrum

(c) 2017, Bloomberg. Happy Cyber Monday! I know-it’s next week. But really, is it? These days, pretty much every day in November offers an extravaganza of online savings. As I write this on Friday afternoon, Walmart.com is shaving $549 off a 40-inch 4K HDTV, Amazon.com has a few pages of “Black...


Business

Retailers play loyalty card in holiday season

(c) 2017, Bloomberg. After years of watching shoppers flit from store to store in search of the biggest deals, U.S. retailers are hoping their attempts at building some loyalty will finally pay off this holiday season. Chains have aggressively rolled out rewards programs in recent years, and there...


Business

Glencore's copper head steps down from Congo unit amid probe

(c) 2017, Bloomberg. Glencore’s head of copper and two other executives stepped down as directors of the trader’s Congolese copper and cobalt unit, Katanga Mining Ltd., after an internal review found “material weaknesses” in financial reporting controls at the operation. Questions about the...


Business

Technology companies, retailers send US stock indexes higher

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are higher as technology and industrial companies and retailers make gains. Drugmakers and other health care companies are trading lower. Stocks have declined over the last two weeks. Trading is expected to be relatively quiet ahead of the Thanksgiving holiday later this...


Business

Too many turkeys means cheaper Thanksgiving as demand stalls

(c) 2017, Bloomberg. There’s plenty of turkey for second helpings this Thanksgiving. Supplies will be plentiful after a recent production boom. Add that to stagnant U.S. demand and you’ve got the recipe for cheaper birds. According to an annual survey from the American Farm Bureau Federation, a 16-...


Business

'Justice League' superheroes save world, miss forecasts

(c) 2017, Bloomberg. You can pretty much count on big-screen superheroes to save the planet. Beating box-office forecasts is another matter. Warner Bros.‘ new “Justice League” achieved its first objective, as expected, saving the world for future superhero movies. But the picture underperformed at...


Business

Tyson Foods: New facility in Tennessee to create 1,500 jobs

HUMBOLDT, Tenn. (AP) — Tyson Foods Inc. plans to build a new chicken production complex in Tennessee, a $300 million project that is expected to create more than 1,500 jobs when the facility begins operations in late 2019, the company said Monday. The new plant in Humboldt, about 85 miles northeast...


Business

Hurricane Maria may put 5,000 businesses out of business in Puerto Rico

Special To The Washington Post. It’s been 60 days since Hurricane Maria pummeled Puerto Rico and the unincorporated U.S. territory is still far from recovery. Estimates by one financial services firm that provides Small Business Administration-backed loans is estimating that more than 5,000...


Business

Tyson Foods plans to build new chicken plant in Tennessee, a $300M project expected to

HUMBOLT, Tenn. (AP) — Tyson Foods plans to build new chicken plant in Tennessee, a $300M project expected to create more than 1,500 jobs.


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