Business

Pence family’s failed gas stations cost taxpayers $20M+

GARDEN CITY, Ind. (AP) — Vice President Mike Pence turns nostalgic when he talks about growing up in small-town Columbus, Indiana, where his father helped build a Midwestern empire of more than 200 gas stations that provided an upbringing on the “front row of the American dream.” The ...

Federal Reserve projects further gradual hikes in key rate

WASHINGTON (AP) — The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for ...

Stocks shuffle toward another weekly gain as oil prices rise

NEW YORK (AP) — U.S. stock indexes are slightly higher Friday as energy companies rise with oil prices. Industrial companies and household goods makers are also higher. Banks are slipping as investors aren’t finding much to get excited about in second-quarter reports from JPMorgan Chase, ...

Business Briefs for July 9

Local business owner Mike Fox named to NSBA Leadership Council Mike Fox, with Ace Home & Hardware, was recently named to the National Small Business Association (NSBA) Leadership Council. NSBA is the nation’s oldest small-business advocacy organization and operates on a staunchly ...

US adds 213,000 jobs; unemployment up to 4 percent

WASHINGTON (AP) — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn't enough to keep the unemployment rate from rising from 3.8 percent to 4 ...

Stocks snap higher despite escalating US-China trade tiff

The trade dispute between the U.S. and China escalated Friday, but Wall Street focused on a solid jobs report instead. After a wobbly start, U.S. stocks mounted a broad rally, shaking off two consecutive weekly losses. Growing jitters in recent weeks over a stepped-up trading dispute ...

US-China trade war elevates the risks to the global economy

WASHINGTON (AP) — The trade war that erupted Friday between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy. The opening shots were fired just after midnight, when the Trump ...

California senators reach agreement on net neutrality bill

SACRAMENTO, Calif. (AP) — Key California lawmakers said Thursday they’ve reached an agreement on legislation to enshrine net neutrality provisions in state law after the Federal Communications Commission dumped rules requiring an equal playing field on the internet. California’s bill is ...

Tech, health care companies drive solid gains for stocks

The Associated Press Technology and health care companies led U.S. stocks broadly higher Thursday, setting the market on track to break a two-week losing streak. Some encouraging economic data helped put investors in a buying mood, though trading volume was relatively subdued as markets ...

Survey: Employers added 177,000 jobs in June

WASHINGTON (AP) — American businesses added 177,000 workers in June, a sign of health and resilience for the U.S. labor market and economy, according to a private survey. Payroll processor ADP said Thursday that hiring was led by employers with more than 50 workers, accounting for 84 ...

Service companies expanded at strong pace in June

WASHINGTON (AP) — U.S. service firms expanded at a surprisingly strong pace in June as companies saw gains in business activity and new orders. The Institute for Supply Management said Thursday that its services index rose to 59.1 last month, compared to 58.6 in May. Any reading above 50 ...

Business Briefs for July 2

Osgood joins Big Stone Therapies staff in Marshall Nic Doeling, PT, DPT, OCS and co-owner of Big Stone Therapies Marshall, LLC, announces the addition of Carol Osgood, certified athletic trainer, to the therapy staff in Marshall in partnership with Avera Marshall Regional Medical Center. ...

US stocks tick higher, but trade worries stop an early rally

NEW YORK (AP) — U.S. stocks finished mostly higher Friday, but they surrendered most of an early gain as worries about rising tariffs once again dampened investors’ enthusiasm as the second quarter came to an end. The Federal Reserve allowed most of the largest financial institutions in ...

Business Briefs for June 25

Kontz celebrates 30 years with Prudential Financial Prudential Financial, Inc. announces that Jim Kontz, a financial professional with The Prudential Insurance Company of America’s Twin Cities Financial Group, located at 214 W. College Drive, recently celebrated 30 years with the ...

From boat makers to farmers, US-led tariff war inflicts pain

WASHINGTON (AP) — A Florida boat builder absorbs $4 million in lost business and expects more pain. An Ohio pork producer is losing access to a vital export market and fears the damage will last years. A motorcycle shop near Cologne, Germany, wonders if it even has a future. A brawl that ...

OPEC agrees to pump more oil but crude prices jump anyway

VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations — Iran and Venezuela in particular ...

Stocks finish mostly higher as energy companies climb

NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week. U.S. crude futures jumped 4.6 ...

Business Briefs for June 18

Avera Telehealth resources expanding to combat substance abuse Avera received a Health Resources and Services Administration (HRSA) grant to expand behavior health services to fight substance abuse. The Office for the Advancement of Telehealth granted Avera funding for a three-year, $750,000 ...

Laid off when casinos closed, back to work with reopenings

ATLANTIC CITY, N.J. (AP) — When Revel, Atlantic City’s $2.4 billion casino shut down in 2014, Meg Timson wondered what would happen to a building that was only about two years old, and already out of business. Turns out she didn’t need to worry: She’s been rehired for her human ...

Watch out for malware

MARSHALL — Craig Holland at Netpoint in Marshall wants to alert the Marshall area to the latest round of malicious software. He refers the public to https://arstechnica.com/information-technology/2018/06/vpnfilter-malware-infecting-50000-devices-is-worse-than-we-thought/ “It was announced ...