News

Ogden Marathon 2018: South Weber’s Cook wins again; Ogden’s Blackham wins the half

MH 051918 Ogden Marathon Overall First Place 05-4

For the second year in a row, a course record was set for the Ogden Marathon, only this time it was...

Business

JC Penney's CEO Ellison departs for Lowe's, shares plunge

MOORESVILLE, N.C. (AP) — J.C. Penney’s CEO is leaving the company to become the top executive at Lowe’s. The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low. Shares of Lowe’s Cos., which...


Business

Intel finds another chip exploit, says fix already in place

(c) 2018, Bloomberg. Intel Corp., the biggest maker of computer processors, said it found another way to attack computers related to the chip security flaws announced earlier this year. The means to protect against the vulnerability is already in place and there is no evidence of it having been...


Business

Trump retreats from China tariffs amid White House trade discord

(c) 2018, Bloomberg. President Donald Trump retreated from imposing tariffs on billions of dollars worth of Chinese goods because of White House discord over trade strategy and concern about harming negotiations with North Korea, according to people briefed on the administration’s deliberations....


Business

EU hunts for formula to avert deeper US trade conflict

(c) 2018, Bloomberg. The European Union scrambled to come up with a strategy to avoid U.S. tariffs on foreign steel and aluminum, signaling a readiness to accept American import quotas and to slash some EU duties in return for a permanent waiver. With an EU exemption from the metal levies due to...


Business

China's latest move on trade is a massive cut to car tariffs

(c) 2018, Bloomberg. China will cut the import duty on passenger cars to 15 percent, further opening up a market that’s been a chief target of the U.S. in its trade fight with the world’s second-largest economy. The Finance Ministry said Tuesday the levy will be lowered effective July 1 from the...


Government

Congressional leaders to review information on Russia probe

Trump

WASHINGTON (AP) — Ratcheting up pressure on the Russia investigation, the White House announced that top FBI and Justice Department officials have agreed to meet with congressional leaders and “review” highly classified information the lawmakers have been seeking on the handling of the probe. The...


Government

Trump the dealmaker facing challenges ahead of NKorea summit

Trump Dealmaking

WASHINGTON (AP) — Weeks before his planned North Korea summit, President Donald Trump is staring down a dealmaker’s worst nightmare: overpromising and under-delivering. As the Singapore meeting with North Korean leader Kim Jong Un draws near, the president and his allies are growing increasingly...


Business

Sears looks like the next company with head-scratching CDS trade

(c) 2018, Bloomberg. For the past two years, credit-derivatives traders have been betting almost certain odds that Sears Holdings Corp. will default on its debt. Now, those wagers are being turned upside down by a complex proposal from the retailer’s biggest shareholder. Eddie Lampert’s ESL...


Business

Sony buys most of EMI Music, to spend $9B on image sensors

Japan Sony

TOKYO (AP) — Electronics and entertainment company Sony Corp. said Tuesday it plans to spend $2.3 billion acquiring an additional 60 percent stake in EMI Music Publishing, home to the Motown catalog and contemporary artists like Kanye West, Alicia Keys and Pharrell Williams. Sony already owns 30...


Business

APNewsBreak: McDonald's workers file sex harassment claims

McDonalds Sexual Harassment

NEW YORK (AP) — Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald’s on behalf of 10 women who have worked at the fast food restaurant in nine cities. The workers — one of them a 15-year-old from St. Louis — alleged...


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