Business

Business

FedEx profit rises on increase in volume, shipping rates

Higher rates, tax benefits and steady business fueled by economic growth helped FedEx Corp. boost its fourth-quarter profit 10 percent to $1.13 billion. Chairman and CEO Fred Smith said Tuesday that he is optimistic that the package-delivery company will increase its earnings and profit margins. On...


Government

Ogden company settles with feds over alleged discrimination law violations

Setpoint 004-5

Setpoint Systems, an engineering company located at 2835 Commerce Way, only hired U.S. citizens and refused to “consider otherwise qualified non-U.S. citizens.”


Business

California lawmakers move closer to regional electric grid

Western Electric Grid

SACRAMENTO, Calif. (AP) — A contentious proposal to link oversight of California’s electric grid with other states in the U.S. West narrowly cleared a legislative hurdle Tuesday, keeping alive a proposal that has divided environmentalists over the best way to expand renewable energy. The proposal,...


Business

Iran rebuffs Trump's call for OPEC to increase oil output

OPEC Meeting

VIENNA (AP) — Iran lashed out Tuesday against U.S. President Donald Trump’s call on OPEC to increase oil production and limit global energy prices, saying the cartel “is not an American organization.” The OPEC oil ministers began arriving in Vienna on Tuesday ahead of their official meeting Friday,...


World

Merkel says climate change is 'a fact,' laments US stance

Germany Poland Climate-1

BERLIN (AP) — German Chancellor Angela Merkel took aim Tuesday at U.S. President Donald Trump’s decision to withdraw from the Paris accord, calling the move “very regrettable” at a time when the overwhelming majority of countries worldwide are trying to limit global warming. “We know climate change...


Business

At least 3 withdraw from Business Council of Alabama

MONTGOMERY, Ala. (AP) — A day after Alabama’s largest electrical utility quit a business group that tries to influence policy and politics in Montgomery, two other companies confirmed they’ve also departed. Regions Bank and PowerSouth Energy Cooperative announced they’ve also exited the Business...


Business

As Tesla races to meet Model 3 deadline, factory pressures and suspicions grow

(c) 2018, The Washington Post. Tesla chief Elon Musk said last week that the company’s layoffs of 9 percent of its workforce wouldn’t affect production as the all-electric automaker races to build thousands of new Model 3 sedans a week. But documents the company filed days later with the state of...


Business

Montana court allows mining ballot initiative to proceed

HELENA, Mont. (AP) — The Montana Supreme Court said Tuesday that it won’t block a proposed ballot initiative meant to keep mines from polluting the state but which industry leaders say would threaten the future of mining. That means the sponsors who collected more than the 25,468 voter signatures...


Business

Holcomb headed to Washington for economic summit

INDIANAPOLIS (AP) — Indiana Gov. Eric Holcomb is headed to Washington for an economic development summit. The Republican’s office says Holcomb will participate in the 2018 SelectUSA Investment Summit, which brings together government officials and business leaders. SelectUSA is a federal Department...


Business

US housing starts jumped 5 pct. in May off Midwest building

Home Construction

WASHINGTON (AP) — A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May’s...


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