Business

Business

Tennessee Tech withdraws industry-funded study used to back controversial EPA truck rule

(c) 2018, The Washington Post. The president of Tennessee Tech University has disavowed a study used to help justify the repeal of tighter federal emissions standards for a type of freight trucks, saying that experts now question “the methodology and accuracy” of the industry-funded test....


Business

Asian stocks lower after Fed report renews bond yield fears

Hong Kong Financial Markets-1

HONG KONG (AP) — Most Asian stock indexes fell Thursday, tracking Wall Street’s decline after the latest Fed report rekindled fears about inflation and rising bond yields. KEEPING SCORE: Japan’s benchmark Nikkei 225 index sank 1.2 percent to 21,713.20 and South Korea’s Kospi shed 0.5 percent to 2,...


Business

United Technologies weighs 3-way breakup with decision this year

(c) 2018, Bloomberg. United Technologies Corp. is weighing a breakup. The manufacturer is studying a plan to split up a portfolio that includes jet engines, elevators and air conditioners, Chief Executive Officer Greg Hayes said Wednesday at an investor conference. A decision will be announced by...


Business

As companies reveal gigantic CEO-to-worker pay ratios, some worry how low-paid workers

(c) 2018, The Washington Post. A potentially embarrassing math calculation employers have long hoped to escape - one that pay experts thought was dead following President Donald Trump’s election - can no longer be avoided. In recent weeks, a few public companies have begun disclosing a ratio,...


Government

Fed officials: Stronger economy boosts chance for rate hikes

Fed Minutes

WASHINGTON (AP) — Federal Reserve officials at their January meeting saw a brightening global economic picture and the effects of recently passed tax cuts raising the prospect for solid growth and continued interest rate increases. The minutes of the Fed’s Jan. 30-31 discussions showed that the...


Business

Financial Markets Glance

Dow Jones Industrials High: 25,267.99 Low: 24,792.99 Close: 24,797.78 Change: —166.97 Other Indexes Standard&Poors 500 Index: 2701.33 —14.93 NYSE Index: 12,695.53 —67.82 Nasdaq Composite Index: 7218.23 —16.08 NYSE Amer Composite: 2494.37 —15.36 Russell 2000 Index: 1531.84 +1.84 Wilshire 5000...


Business

Disney workers accuse company of withholding their Trump tax cut bonuses

(c) 2018, The Washington Post. The Disney World puppeteer had to miss his sister’s wedding in West Virginia. He had to skip his family reunion in the Dominican Republic. But after President Donald Trump signed a tax law last December slashing corporate rates, his employer announced it would offer...


Business

Stocks turn lower, dollar rises after Fed minutes

(c) 2018, Bloomberg. U.S. stocks erased gains to end lower for a second day, while the dollar jumped with Treasury yields on speculation that the pickup in inflation signaled by data since the Federal Reserve’s last meeting will force a faster tightening schedule. The catalyst for the late-day...


Business

Fed minutes show confidence improving on growth, price outlook

(c) 2018, Bloomberg. Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting. Fed officials “anticipated that...


Business

Tax-code changes may slow giving to colleges, Moody's says

(c) 2018, Bloomberg. Changes to the tax code may restrict growth in philanthropy to U.S. higher education to less than 6 percent this year, according to a report this week from Moody’s Investors Service. The anticipated slowdown in charitable giving highlights a change to the rating company’s...


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