Business

CEOs get $800,000 pay raise, leaving workers further behind

NEW YORK (AP) — Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock ...

Japan’s charm campaign ready to roll: Golf, sumo await Trump

WASHINGTON (AP) — Under the threat of potentially devastating U.S. tariffs on autos, Japan is ready to roll out the newest phase of its charm offensive targeting President Donald Trump as it welcomes him on a state visit tailor-made to his whims and ego. Offering high honors, golf and the ...

US stocks rebound, but S&P 500 ends with 3rd weekly loss

Stocks on Wall Street notched modest gains Friday, erasing some of the market's steep losses from a day earlier. The upbeat finish to a turbulent week still left the market with its third straight weekly loss. Stocks swung between gains and losses all week as investors weighed the prospect ...

Business Briefs for May 20

Avera ranked 1st in nation for long-term care resident experience Avera has ranked first out of the top 20 organizations that earned a 2019 Customer Approved Award from Lincoln, Nebraska–based healthcare-intelligence firm NRC Health. The award recognizes senior-care organizations across the ...

Wobbly week for US stocks; 2nd weekly drop for S&P 500

(AP) — Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world’s two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners. The sell-off gained strength in the last hour of ...

Business Briefs for May 13

J.D. Power ranks Edward Jones highest in investor satisfaction Edward Jones local financial advisers Neil M. Frost, Mike Leary, Brent Snodgrass, Ryan M. Snodgrass and Austin DeMuth announce the financial services firm Edward Jones ranks highest in investor satisfaction with full service ...

Area wind turbine foundation system wins award

PORTLAND, Ore. — An Oregon cleantech company that developed a new concrete-saving, CO2-reducing foundation system for wind turbine towers has been awarded the 2019 Merit Award from the Post-Tensioning Institute, based on the first installation of the foundation technology in southwest ...

House Democrat issues subpoenas for Trump tax returns

WASHINGTON (AP) — A top House Democrat on Friday issued subpoenas for six years of President Donald Trump’s tax returns, giving Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig a deadline of next Friday to deliver them. Ways and Means Committee Chairman Richard Neal, ...

Stocks rebound as hopes rise that trade tensions will ease

Wall Street capped a turbulent week with a late-day rally Friday after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China. The market fell sharply in the early going after the U.S. raised tariffs on $200 billion worth of Chinese goods ...

Risky politics? Trump wields his tariffs as a weapon at home

NEW YORK (AP) — His trade war already raging worldwide, President Donald Trump on Friday brandished his aggressive approach as a political weapon at home, too, casting himself as a fighter for American workers and scorning his chief Democratic rivals as weak. Trump’s actions have already ...

Business Briefs for May 6

Duininck, Inc. names Chris Duininck as president Duininck, Inc. of Prinsburg, named Chris Duininck as president of its Minnesota division, effective April 1. With the transition to the new role, Chris Duininck will focus on optimizing organizational structure and performance for the heavy ...

New plans for the Lodge

SLAYTON — The countdown has started for the 2019 opening of the renovated Lake Shetek Lodge on Valhalla Island. New owners Lance Rogers of Wilmont, his fiance Tami Brink, and distant relatives Chuck and Robin Cessna have a mid-May target date to open for the season. Plans include the ...

Hiring surge lifts economy — and Trump’s re-election chances

NEW YORK (AP) — The lowest unemployment rate in a half century. More than 260,000 new jobs. And higher hourly wages. “I’ll be running on the economy,” President Donald Trump declared on Friday. And why wouldn’t he? The day’s new round of sunny employment figures offered fresh ...

US stocks end broadly higher on solid jobs report, earnings

A solid jobs report and company earnings spurred U.S. stocks broadly higher Friday, driving the S&P 500 to its second straight weekly gain. The Nasdaq composite hit an all-time high for the second time this week. The benchmark S&P 500 index closed less than 0.1% below the record high ...

US economy grows at 3.2% rate in first quarter

WASHINGTON (AP) — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic ...

US stocks edge higher; S&P 500 is on track for record highs

Stocks edged higher on Wall Street in late-afternoon trading Friday, placing the market on track to finish with its second all-time high this week. A late-afternoon flurry of buying helped nudge the benchmark S&P 500 and other indexes higher after spending much of the day hovering near ...

Amazon to bring 1-day delivery to Prime members

NEW YORK (AP) — Two-day delivery is going out of style. Amazon, which hooked shoppers on getting just about anything shipped in two days, said this week that it will soon promise one-day delivery for its U.S. Prime members on most items. The company hopes that cutting delivery times in ...

Trump administration reevaluating offshore drilling plans

WASHINGTON (AP) — The Trump administration said Thursday it is reevaluating its controversial plan to sharply expand offshore drilling as it responds to a court ruling that blocked oil and gas development off Alaska and parts of the Atlantic. Governors and lawmakers from both Republican- ...

US stocks end mostly lower, weighed down by industrials

U.S. stock indexes finished mostly lower Thursday as disappointing earnings reports from several industrial sector companies weighed on the market, offsetting strong results from Facebook, Microsoft and others. 3M, which makes Post-it notes and many other products, plunged 12.9% in heavy ...

IRS data shows refunds down 2% under new tax law

IRS data released Thursday shows that while the average refund fell, the tax filing season was largely unchanged by the massive tax overhaul. The Tax Cut and Jobs Act, pushed by President Donald Trump, lowered the tax rate for most Americans. This year was the first time taxpayers filed under ...