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Last Updated Apr 29, 2017 01:05AM

ExxonMobil and Chevron easily swept aside analyst estimates as the battered giants of the U.S. oil industry shook off two-and-a-half years of low oil prices and reported surging profits in the first q...

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  • Minimal paperwork? No problem in Lone Star mortgages
    A unit of private equity firm Lone Star Funds sold more than $375 million of bonds backed by mortgages requiring minimal documentation from borrowers,...
    Updated Apr 29 2017 01:05 am   |     |   Share
  • Briefs: Beattie, Tractor Supply, Bizwear
    Chamber president Beattie is the 38th ‘Giant in our City’ Lane Beattie is now the 38th “Giant in Our City.” The Salt Lake Chamber’s board of governor...
    Updated Apr 29 2017 01:05 am   |     |   Share
  • Guacamole costs to jump on avocado shortage
    That bowl of guacamole on Cinco de Mayo will be more expensive this year, as avocado prices rise to a record on surging demand and a smaller crop in M...
    Updated Apr 29 2017 01:05 am   |     |   Share
  • GoPro falls as doubts of turnaround persist
    GoPro Inc.’s shares fell after announcing higher-than-projected sales that failed to convince investors its plan to reverse the company’s declining fo...
    Updated Apr 29 2017 01:05 am   |     |   Share



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  • Trading slump worsens for European banks
    The gap between the biggest European banks and their U.S. rivals is widening even faster than expected. Total dollar revenue from trading stocks and b...
    Updated Apr 29 2017 01:05 am   |     |   Share
  • Airbnb sees a surge in business travel
    Since debuting in 2008, Airbnb Inc. has marketed itself to adventurous vacationers looking for unique and cheap accommodations. Next week, the San Fra...
    Updated Apr 29 2017 01:05 am   |     |   Share
  • In this Monday, April 24, 2017, photo, Ajay Kori, owner of UrbanStems, checks fresh flowers in containers that are being prepared for delivery, inside a climate-controlled room at the company’s warehouse in Washington. Small businesses are often more vulnerable than large corporations when they’re in a public relations crisis. But PR experts say small companies can have an advantage: They don’t have layers of executives who often use precious time discussing what to do rather than taking action. They may be able to react fast. (AP Photo/Manuel Balce Ceneta) Small businesses can feel big effects of PR disaster
    New York • Halfway through Valentine’s Day, florist Ajay Kori realized he was in the midst of a disaster. His company wasn’t going to be able to deliv...
    Updated Apr 28 2017 06:42 pm   |     |   Share
  • FILE - This Wednesday, Oct. 14, 2015, file photo shows a Mobileye camera system that can be installed in your car to monitor speed limits and warn drivers of potential collisions, mounted behind the rearview mirror during a demonstration of the system, in Ann Arbor, Mich. For a few hundred dollars, drivers can add new safety technology, like forward collision warning systems or backup cameras, to older cars. Cars are lasting longer than ever thanks to improving quality. The average U.S. vehicle is now 11.6 years old, according to the consulting firm IHS Markit. (AP Photo/Carlos Osorio, File) Old car, new tricks: Making vehicles safer
    Detroit • Old cars can learn new tricks. For a few hundred dollars, drivers can add new safety technology — like forward-collision warning systems or ...
    Updated Apr 28 2017 06:42 pm   |     |   Share
  • This image provided by Novartis shows Rydapt. The Food and Drug Administration on Friday approved Rydapt for treating adults newly diagnosed with acute myeloid leukemia who have a genetic mutation called FLT3. Patients would take it along with chemotherapy. The drug, known chemically as midostaurin, is the first new medicine for acute myeloid leukemia in 25 years, according to the company.  (Novartis via AP) FDA approves drug for certain leukemia patients
    U.S. regulators Friday approved the first targeted drug for certain patients with an aggressive form of leukemia. The Food and Drug Administration app...
    Updated Apr 28 2017 05:27 pm   |     |   Share
  • California seeks control of unruly medical pot industry
    Los Angeles • California is trying to get control of its unruly medical marijuana industry. State regulators released draft regulations Friday intende...
    Updated Apr 28 2017 05:24 pm   |     |   Share
  • Federal energy regulator won’t seek new term
    Washington • One of the two remaining members of the Federal Energy Regulatory Commission says she will not seek a second term, a move that could leav...
    Updated Apr 28 2017 05:24 pm   |     |   Share
  • In this April 18, 2017, photo, investigators stand by as debris is removed from a house that was destroyed in a deadly explosion in Firestone, Colo., on April 17. Anadarko Petroleum said Wednesday, April 26, that it operated a well about 200 feet (60 meters) from the house in the town of Firestone. The company didn’t say whether the well was believed to be a factor in the explosion or whether it produced oil, gas or both. (Matthew Jonas/The Daily Times Call via AP) Second firm shuts wells after fatal Colorado blast
    Denver • A second petroleum company said it would shut down and inspect wells after a fatal house explosion near a gas well in Colorado, although inve...
    Updated Apr 28 2017 05:21 pm   |     |   Share
  • Louisiana bank failure is costliest since recession
    Banking regulators are seizing New Orleans-based First NBC Bank in the costliest bank failure since the financial crisis. Louisiana regulators seized ...
    Updated Apr 28 2017 05:03 pm   |     |   Share
  • Court: NY county making fair housing excuses
    New York • An affluent county north of New York City is “engaging in total obstructionism” after promising to build affordable housing eight years ago...
    Updated Apr 28 2017 04:48 pm   |     |   Share
  • Treasuries fall as traders look to inflation data
    Treasuries declined, with benchmark yields on pace to climb for a second-straight week, as traders looked past weaker-than-forecast U.S. economic grow...
    Updated Apr 28 2017 04:09 pm   |     |   Share
  • FILE - In this Oct. 2, 2014 file photo, people pass a Wall Street subway stop, in New York’s Financial District.  The major U.S. stock indexes were mostly lower in early trading Friday, April 28, 2017,  as investors sized up the latest batch of company earnings.(AP Photo/Richard Drew, File) U.S. stocks close a bit lower, but end week up
    U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street. The Nasdaq composite index narrowly missed its fourt...
    Updated Apr 28 2017 04:03 pm   |     |   Share
  • Alphabet, Amazon surge; Time, Starbucks fall
    New York • Stocks that moved substantially or traded heavily Friday: • Time Inc., down $3.10 to $15.20 The magazine publisher, which owns Sports Ill...
    Updated Apr 28 2017 04:00 pm   |     |   Share
  • FILE - In this Oct. 3, 2014, file photo, a worker picks apples at Flat Top Ranch in Walla Walla County, Wash. Harvesting the vast fruit orchards of Eastern Washington each year requires thousands of farmworkers, many of them working illegally in the United States. That system could eventually come to an end as at least two companies are rushing to get robotic fruit picking machines to market. (Bob Brawdy/The Tri-City Herald via AP, File) As labor shortage worsens, orchard owners use robots
    Spokane, Wash. • Harvesting Washington state’s vast fruit orchards each year requires thousands of farmworkers, and many of them work illegally in the...
    Updated Apr 28 2017 01:51 pm   |     |   Share
  • FILE - In this Sept. 12, 2012 file photo, items on the breakfast menu, including the calories, are posted at a McDonald’s restaurant in New York. Facing a May 5, 2017 compliance deadline set by the Food and Drug Administration last year, some restaurants and other establishments are eyeing a massive spending bill that Congress will have to pass in the next week to keep the government open and hope to either delay the menu labeling rules again or include legislation in the larger bill that would revise the law and make it easier for some businesses to comply. (AP Photo/Mark Lennihan, File) Diners have to wait for restaurant calorie counts
    Washington • Consumers hoping to find out how many calories are in that burger and fries may have to wait — again. New government rules to help people...
    Updated Apr 28 2017 01:18 pm   |     |   Share
  • Briefs: Top innovators, Merit, Wadsworth
    Eight companies honored for a variety of innovative ideas Companies that found ways to put old drugs to good use and to better harvest turf were amon...
    Updated Apr 28 2017 01:06 pm   |     |   Share
  • Weekly recalls: Backpack carriers, infant booties
    More than 80,000 child carriers are being recalled because the leg openings may be too big, posing the risk of children slipping through and getting i...
    Updated Apr 28 2017 12:54 pm   |     |   Share
  • Puerto Rico faces bank closure, privatizations
    San Juan, Puerto Rico • Puerto Ricans will be facing a water rate increase, privatization of government operations and the closure of a bank that once...
    Updated Apr 28 2017 12:51 pm   |     |   Share
  • FILE - In this April 18, 2017 file photo, conference workers speak in front of a demo booth at Facebook’s annual F8 developer conference in San Jose, Calif.  In a paper posted online on Thursday, April 27, Facebook security researchers said the company will monitor the efforts of those who try to hurt “civic discourse” on its service. It is also looking to identify fake accounts, and says it will notify people if their accounts have been targeted by cyber-attackers.  (AP Photo/Noah Berger) Facebook gearing up to fight political propaganda
    New York • Facebook is acknowledging that governments or other malicious non-state actors are using its social network to influence political sentimen...
    Updated Apr 28 2017 12:33 pm   |     |   Share
  • File-In this Oct. 3, 2016, file photo, Kyle Palmer, left, of Idaho waits as his son Lance Palmer of San Francisco, takes a photograph of the scene looking south from Beetle Rock at Giant Forest in Sequoia National Park, Calif. President Donald Trump will sign executive orders this week aimed at expanding offshore oil drilling and reviewing national monument designations made by his predecessors, continuing the Republican’s assault on Democratic President Barack Obama’s environmental legacy. (Eric Paul Zamora/The Fresno Bee vi AP, File) Trump seeks to expand drilling in oceans
    Washington • Working to dismantle his predecessor’s environmental legacy, President Donald Trump signed an executive order on Friday aimed at expandin...
    Updated Apr 28 2017 01:06 pm   |     |   Share