Business

These are the 5 best barbecue restaurants in Northern Utah, according to Yelp

BH 072015 Smokeys 006-5

Few things taste better on a warm summer day than some hot barbecue fresh off the grill. Try one of...

Business

Technology and defense companies lead US stocks higher

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are higher Monday as software and chip makers and other technology companies climb. Defense contractors are also rising as the market bounces back from a turbulent week. Ford is up after it replaced CEO Mark Fields. KEEPING SCORE: The Standard & Poor’s 500 index jumped...


Business

Fields out at Ford; new CEO Hackett known for turnarounds

Ford CEO

DEARBORN, Michigan (AP) — Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. The 114-year-old automaker said Fields is retiring at age 56 after 28...


Business

Ford shuffles executive ranks in its race to take on Silicon Valley

(c) 2017, The Washington Post. Ford Motor Company on Monday replaced its chief executive, Mark Fields, with former office furniture executive Jim Hackett. The 114-year-old auto giant seeks to become a transformative company capable of taking on Silicon Valley darling Tesla and the coming revolution...


Business

Corn fields turn into lakes as spring deluge floods Midwest

(c) 2017, Bloomberg. Nebraska’s corn fields are so flooded that farmers are posting videos of themselves wakeboarding. Spring downpours are pummeling U.S. grain farmers, causing soggy fields and threatening crop disease. In the past 30 days, about 40 percent of the Midwest got twice the amount of...


Business

Loneliest trade: A Wall Street dealmaker's all-in bet on retail

(c) 2017, Bloomberg. At a time when it’s almost impossible to find anyone willing to take a chance on America’s ailing retailers, Stefan Kaluzny is all in. Like many in the world of leveraged buyouts, he’s made a killing doing the kinds of deals that have left scores of retailers buckling under...


Business

Rupert Murdoch's grip on power put to the test in Fox upheaval

(c) 2017, Bloomberg. The eighth floor at 1211 Avenue of the Americas in Manhattan is where 21st Century Fox Inc.‘s top executives sit, which is why it’s all the more significant that Rupert Murdoch is spending so much time six floors below. The 86-year-old media mogul moved to the second floor and...


Business

Subprime auto giant checked income on just 8 percent of loans in asset-backed

(c) 2017, Bloomberg. Santander Consumer USA Holdings Inc., one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into bonds, according to Moody’s Investors Service. The low level of due diligence on applicants compares...


Business

GE said to face probe for misleading EU over $1.7 billion deal

(c) 2017, Bloomberg. General Electric is the latest U.S. company to be investigated by the European Union for possibly turning in misleading information during a merger review, according to two people familiar with the GE case. The European Commission is reviewing whether GE misled EU officials...


Business

Investors double down on rental properties

(c) 2017, Bloomberg. It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So good, in fact, that now, as the distressed pool dries up, some investors are refusing to let the rental-model fizzle....


Business

Buffett plan revealed - amid ads for co-op, strippers, old Honda

(c) 2017, Bloomberg. People obsess over Warren Buffett’s moves in the stock market, analyzing every word he says in the media and regulatory filings for clues about his investments. But even the most sharp-eyed observers could be excused for missing a disclosure he made Friday about American...


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