BILLION - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/BILLION News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Budget office: Wage boost would cost firms $15B http://www.sltrib.com/sltrib/money/57832794-79/budget-office-wage-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57832794-79/budget-office-wage-billion.html.csp">Budget office: Wage boost would cost firms $15B</a></h4> <span class="author vcard"><span class="fn">By ALAN FRAM</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-17T13:14:02.223-06:00">Updated Apr 17, 2014 01:14PM MDT</span></h5> <div class ="entry-content">Washington • A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday. The nonpartisan budget office’s estimate could be used as ammunition by Republicans, who largely oppose the measure because they say it would drive up business costs. But it could also be beneficial to Democrats because the private sector sp...</div> <h5><a rel="item-license" href="#license-578327942014-04-17T13:14:02.223-06:00" id="#license-2014-04-17T13:14:02.223-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57832794@www.sltrib.com Thu, 17 Apr 2014 13:14:02 MDT Goldman’s income falls 11 percent, but still beats expectations http://www.sltrib.com/sltrib/money/57831761-79/billion-goldman-percent-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57831761-79/billion-goldman-percent-quarter.html.csp">Goldman’s income falls 11 percent, but still beats expectations</a></h4> <span class="author vcard"><span class="fn">By STEVE ROTHWELL</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-17T08:26:02.313-06:00">Updated Apr 17, 2014 08:26AM MDT</span></h5> <div class ="entry-content">New York • Goldman Sachs’ earnings fell in the first quarter as bond trading slumped, but the results still came in ahead of what investors expected as other parts of the bank performed well. EARNINGS AND REVENUE: The bank earned $1.95 billion in the quarter, down 11 percent from $2.19 billion in the same period a year earlier. The earnings were equivalent to $4.02 a share, compared with $4.29 in the first quarter of 2013. Revenue totaled $9.33 billion, down 8 percent from $10.09 billion a year ...</div> <h5><a rel="item-license" href="#license-578317612014-04-17T08:26:02.313-06:00" id="#license-2014-04-17T08:26:02.313-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57831761@www.sltrib.com Thu, 17 Apr 2014 08:26:02 MDT Union Pacific railroad’s 1Q profit up 14 percent http://www.sltrib.com/sltrib/money/57831748-79/pacific-union-percent-coal.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57831748-79/pacific-union-percent-coal.html.csp">Union Pacific railroad’s 1Q profit up 14 percent</a></h4> <span class="author vcard"><span class="fn">By Josh Funk</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-17T09:01:38.637-06:00">Updated Apr 17, 2014 09:01AM MDT</span></h5> <div class ="entry-content">Omaha, Neb. • The harsh winter didn’t keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments. The Omaha, Neb., based railroad said Thursday that it generated $1.09 billion in net income, or $2.38 per share, in the first quarter. That’s up from $957 million, or $2.03 per share, a year ago. Union Pacific’s revenue grew 7 percent to $5.64 billion. Analysts surveyed by FactSet expected Union Pacific to report earni...</div> <h5><a rel="item-license" href="#license-578317482014-04-17T09:01:38.637-06:00" id="#license-2014-04-17T09:01:38.637-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57831748@www.sltrib.com Thu, 17 Apr 2014 09:01:38 MDT Morgan Stanley’s income rose 18 percent http://www.sltrib.com/sltrib/money/57831744-79/morgan-stanley-billion-income.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57831744-79/morgan-stanley-billion-income.html.csp">Morgan Stanley’s income rose 18 percent</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-04-17T14:20:56.242-06:00">Updated Apr 17, 2014 02:20PM MDT</span></h5> <div class ="entry-content">New York • Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses. THE RESULTS: Morgan Stanley earned $1.39 billion, up from $1.18 billion in the same period a year ago. The figures exclude accounting adjustments related to the value of the bank’s debt. The earnings were equivalent to 68 cents per share. That easily beat the 61 cents per share analysts wer...</div> <h5><a rel="item-license" href="#license-578317442014-04-17T14:20:56.242-06:00" id="#license-2014-04-17T14:20:56.242-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57831744@www.sltrib.com Thu, 17 Apr 2014 14:20:56 MDT GE 1Q earnings fall, outlook strong http://www.sltrib.com/sltrib/money/57831612-79/billion-company-industrial-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57831612-79/billion-company-industrial-growth.html.csp">GE 1Q earnings fall, outlook strong</a></h4> <span class="author vcard"><span class="fn">By JONATHAN FAHEY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-17T07:54:28.409-06:00">Updated Apr 17, 2014 07:54AM MDT</span></h5> <div class ="entry-content">New York • General Electric posted lower first-quarter net income than a year ago because last year’s results included the sale of NBC Universal. But the company said its industrial divisions performed well and the economic environment was “positive.” GE said Thursday that it earned $3 billion on revenue of $34.18 billion in the year’s first three months, down from $3.5 billion on revenue of $34.94 billion during the same period last year. On a per share basis, GE earned 30 cents. Adjusted to re...</div> <h5><a rel="item-license" href="#license-578316122014-04-17T07:54:28.409-06:00" id="#license-2014-04-17T07:54:28.409-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57831612@www.sltrib.com Thu, 17 Apr 2014 07:54:28 MDT PepsiCo’s profit rises on snack sales, cost cuts http://www.sltrib.com/sltrib/money/57831574-79/pepsico-company-percent-volume.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57831574-79/pepsico-company-percent-volume.html.csp">PepsiCo’s profit rises on snack sales, cost cuts</a></h4> <span class="author vcard"><span class="fn">By CANDICE CHOI</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-17T07:37:02.185-06:00">Updated Apr 17, 2014 07:37AM MDT</span></h5> <div class ="entry-content">New York • PepsiCo reported a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world. The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, said global snack volume rose 2 percent in the period. Global beverage volume was even from a year ago, including in its closely watched North American drinks unit. Coca-Cola also reported flat volume in the North America market earlier this week. Both companies have been offsetting ...</div> <h5><a rel="item-license" href="#license-578315742014-04-17T07:37:02.185-06:00" id="#license-2014-04-17T07:37:02.185-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57831574@www.sltrib.com Thu, 17 Apr 2014 07:37:02 MDT Why high oil prices are good for airlines http://www.sltrib.com/sltrib/money/57826909-79/fuel-airlines-airline-prices.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57826909-79/fuel-airlines-airline-prices.html.csp">Why high oil prices are good for airlines</a></h4> <span class="author vcard"><span class="fn">By SCOTT MAYEROWITZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-16T22:18:21.969-06:00">Updated Apr 16, 2014 10:18PM MDT</span></h5> <div class ="entry-content">New York • Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business. In the past six years, airlines have overhauled the way they operate to adjust to this new reality. They’ve shown more discipline by offering fewer seats, which ensures airfares are high enough to cover costs. Unprofitable routes have been eliminated. And every expense has been scrutinized. These changes, along with high oil prices, have created an insurmountab...</div> <h5><a rel="item-license" href="#license-578269092014-04-16T22:18:21.969-06:00" id="#license-2014-04-16T22:18:21.969-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57826909@www.sltrib.com Wed, 16 Apr 2014 22:18:21 MDT Bank of America posts loss, hurt by legal expenses http://www.sltrib.com/sltrib/money/57826608-79/bank-loss-america-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57826608-79/bank-loss-america-billion.html.csp">Bank of America posts loss, hurt by legal expenses</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-04-16T22:17:57.573-06:00">Updated Apr 16, 2014 10:17PM MDT</span></h5> <div class ="entry-content">Charlotte, N.C. • Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses. The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million. That’s compares with earnings of $1.11 billion a year earlier. The loss amounted to 5 cents a share. A year earlier, the bank earned 10 cents a share. Revenue totaled $22.66 billion after stripping out an accounting change. That was down 3.8 percent from last year. The $6 b...</div> <h5><a rel="item-license" href="#license-578266082014-04-16T22:17:57.573-06:00" id="#license-2014-04-16T22:17:57.573-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57826608@www.sltrib.com Wed, 16 Apr 2014 22:17:57 MDT Court upholds pollution rules for power plants http://www.sltrib.com/sltrib/world/57824385-68/epa-costs-coal-mercury.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57824385-68/epa-costs-coal-mercury.html.csp">Court upholds pollution rules for power plants</a></h4> <span class="author vcard"><span class="fn">By PETE YOST</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-15T21:54:54.299-06:00">Updated Apr 15, 2014 09:54PM MDT</span></h5> <div class ="entry-content">Washington • A federal appeals court on Tuesday upheld the Environmental Protection Agency’s first emission standards for mercury and other hazardous air pollutants from coal- and oil-fired power plants. In its ruling, the court rejected state and industry challenges to rules designed to clean up chromium, arsenic, acid gases, nickel, cadmium as well as mercury and other dangerous toxins. The EPA’s determination in 2000 that regulating emission standards is appropriate and necessary, and the ag...</div> <h5><a rel="item-license" href="#license-578243852014-04-15T21:54:54.299-06:00" id="#license-2014-04-15T21:54:54.299-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57824385@www.sltrib.com Tue, 15 Apr 2014 21:54:54 MDT Coca-Cola sells more drinks but soda fizzles http://www.sltrib.com/sltrib/money/57822082-79/soda-coca-cola-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57822082-79/soda-coca-cola-company.html.csp">Coca-Cola sells more drinks but soda fizzles</a></h4> <span class="author vcard"><span class="fn">By CANDICE CHOI</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-15T12:56:59.187-06:00">Updated Apr 15, 2014 12:56PM MDT</span></h5> <div class ="entry-content">New York • Coca-Cola sold more drinks in the first quarter, but it wasn’t because of soda. The world’s biggest beverage maker said Tuesday that its global volume for soda fell for first time in at least a decade. The drop was offset by stronger sales of noncarbonated drinks such as juice, and overall volume rose 2 percent. A stronger dollar contributed to an 8 percent decline in profit for the quarter. Adjusted for such one-time factors, earnings per share were in line with Wall Street expectati...</div> <h5><a rel="item-license" href="#license-578220822014-04-15T12:56:59.187-06:00" id="#license-2014-04-15T12:56:59.187-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57822082@www.sltrib.com Tue, 15 Apr 2014 12:56:59 MDT Zebra to spend $3.45B on Motorola business http://www.sltrib.com/sltrib/money/57822020-79/motorola-zebra-business-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57822020-79/motorola-zebra-business-billion.html.csp">Zebra to spend $3.45B on Motorola business</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-04-15T09:07:02.329-06:00">Updated Apr 15, 2014 09:07AM MDT</span></h5> <div class ="entry-content">Lincolnshire, Ill. • Zebra Technologies will spend more than $3 billion to buy the enterprise business of Motorola Solutions in a considerable expansion that is both technological and geographical. The acquisition would broaden the bar-code company’s logistics capabilities and create or expand its footprint in more than 100 countries. Motorola’s enterprise business makes hand-held bar code scanners and mobile and tablet computers, among other products. Zebra Technologies Inc. also makes plastic ...</div> <h5><a rel="item-license" href="#license-578220202014-04-15T09:07:02.329-06:00" id="#license-2014-04-15T09:07:02.329-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57822020@www.sltrib.com Tue, 15 Apr 2014 09:07:02 MDT Report: ‘Obamacare’ subsidies to cost $104B less http://www.sltrib.com/sltrib/world/57819311-68/cbo-health-care-premiums.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57819311-68/cbo-health-care-premiums.html.csp">Report: ‘Obamacare’ subsidies to cost $104B less</a></h4> <span class="author vcard"><span class="fn">By ANDREW TAYLOR</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-14T20:55:22.872-06:00">Updated Apr 14, 2014 08:55PM MDT</span></h5> <div class ="entry-content">Washington • The health-care law’s expansion of insurance coverage will cost $104 billion less than projected over the next decade, according to revised estimates from nonpartisan budget analysts Monday. The lower-than-expected costs will come largely because premiums will be cheaper than previously thought. The Affordable Care Act’s coverage provisions in 2014 are expected to cost $5 billion less than the $41 billion the Congressional Budget Office and Joint Committee on Taxation projected ear...</div> <h5><a rel="item-license" href="#license-578193112014-04-14T20:55:22.872-06:00" id="#license-2014-04-14T20:55:22.872-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57819311@www.sltrib.com Mon, 14 Apr 2014 20:55:22 MDT Citigroup’s earnings edge higher in first quarter http://www.sltrib.com/sltrib/money/57817506-79/billion-bank-citi-earnings.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57817506-79/billion-bank-citi-earnings.html.csp">Citigroup’s earnings edge higher in first quarter</a></h4> <span class="author vcard"><span class="fn">By STEVE ROTHWELL</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-14T09:34:05.101-06:00">Updated Apr 14, 2014 09:34AM MDT</span></h5> <div class ="entry-content">New York • Citigroup says its first-quarter earnings rose, beating the expectations of Wall Street analysts. The bank made $4.1 billion in the first quarter, after stripping out the effects of an accounting change and a tax item. That was up 2.5 percent from the same period a year earlier, when it made $4 billion. On a per-share basis, that amounted to $1.30 compared with $1.29 a year ago. That was better than estimates of analysts polled by FactSet, who were expecting $1.14. Citi got a boost fr...</div> <h5><a rel="item-license" href="#license-578175062014-04-14T09:34:05.101-06:00" id="#license-2014-04-14T09:34:05.101-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57817506@www.sltrib.com Mon, 14 Apr 2014 09:34:05 MDT Letter: Cats kill songbirds, but mostly nuisance birds, rodents http://www.sltrib.com/sltrib/opinion/57798025-82/cats-mammals-billion-birds.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/57798025-82/cats-mammals-billion-birds.html.csp">Letter: Cats kill songbirds, but mostly nuisance birds, rodents</a></h4> <h5><span class="updated" title="2014-04-14T09:17:39.646-06:00">Updated Apr 14, 2014 09:17AM MDT</span></h5> <div class ="entry-content">Re the April 9 Public Forum article, “Cat kills in the billions”: The author put word spin in her letter that a master politician would be proud of. She wrote that the number of cat kills per year were “2.4 billion birds and 12.3 billion mammals.” In order to demonize cats, she failed to mention that the bird kill was not exclusively songbirds. The 2.4 billion number also includes starlings, pigeons, crows and more, considered by many to be nuisances. Of the 12.3 mammals, an overwhelming majo...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57798025@www.sltrib.com Mon, 14 Apr 2014 09:17:39 MDT JPMorgan’s first-quarter profit falls 20 percent http://www.sltrib.com/sltrib/money/57806501-79/bank-billion-percent-mortgage.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57806501-79/bank-billion-percent-mortgage.html.csp">JPMorgan’s first-quarter profit falls 20 percent</a></h4> <span class="author vcard"><span class="fn">By STEVE ROTHWELL</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-11T08:27:02.042-06:00">Updated Apr 11, 2014 08:27AM MDT</span></h5> <div class ="entry-content">New York • JPMorgan Chase, the nation’s biggest bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in investment banking and mortgage lending. EARNINGS: The bank reported net income of $4.9 billion for the first quarter, after stripping out payments to preferred stockholders. That was down from $6.1 billion in the same period a year earlier. MISSED EXPECTATIONS: On a per-share basis, the earnings amounted to $1.28. That was worse than estimates of analyst...</div> <h5><a rel="item-license" href="#license-578065012014-04-11T08:27:02.042-06:00" id="#license-2014-04-11T08:27:02.042-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57806501@www.sltrib.com Fri, 11 Apr 2014 08:27:02 MDT Wells Fargo’s earnings rise 14 percent http://www.sltrib.com/sltrib/money/57806454-79/billion-fargo-wells-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57806454-79/billion-fargo-wells-quarter.html.csp">Wells Fargo’s earnings rise 14 percent</a></h4> <span class="author vcard"><span class="fn">The Associated Press </span></span> <h5><span class="updated" title="2014-04-11T08:18:08.819-06:00">Updated Apr 11, 2014 08:18AM MDT</span></h5> <div class ="entry-content">First-quarter profit for Wells Fargo & Co., the biggest U.S. mortgage lender, surged 14 percent in the latest quarter as the bank continued to trim its losses on soured loans. EARNINGS: Net income after dividends on preferred stock rose to $5.6 billion in the January-March period from $4.9 billion a year earlier, the bank reported early Friday. On a per-share basis, earnings were $1.05, well above the 97 cents forecast by Wall Street analysts. Revenue in the first quarter fell to $20.6 billion f...</div> <h5><a rel="item-license" href="#license-578064542014-04-11T08:18:08.819-06:00" id="#license-2014-04-11T08:18:08.819-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57806454@www.sltrib.com Fri, 11 Apr 2014 08:18:08 MDT Putin: Ukraine’s enormous debt threatens Europe gas supplies http://www.sltrib.com/sltrib/world/57804066-68/ukraine-gas-russia-russian.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57804066-68/ukraine-gas-russia-russian.html.csp">Putin: Ukraine’s enormous debt threatens Europe gas supplies</a></h4> <span class="author vcard"><span class="fn">By VLADIMIR ISACHENKOV </span></span> <span class="author vcard"><span class="fn">and NATALIYA VASILYEVA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-10T19:50:27.672-06:00">Updated Apr 10, 2014 07:50PM MDT</span></h5> <div class ="entry-content">Moscow • Vladimir Putin warned Europe on Thursday that it may face a shutdown of Russian natural gas supplies if it fails to help Ukraine settle its enormous Russian gas bill — a debt that far exceeds a bailout package offered by the International Monetary Fund. The Russian president’s letter to 18 mostly Eastern European leaders, released Thursday by the Kremlin, aimed to divide the 28-nation European Union and siphon off to Russia the billions that the international community plans to lend to...</div> <h5><a rel="item-license" href="#license-578040662014-04-10T19:50:27.672-06:00" id="#license-2014-04-10T19:50:27.672-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57804066@www.sltrib.com Thu, 10 Apr 2014 19:50:27 MDT Average U.S. 30-year mortgage rate down to 4.34 pct. http://www.sltrib.com/sltrib/money/57801815-79/mortgage-average-percent-rates.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57801815-79/mortgage-average-percent-rates.html.csp">Average U.S. 30-year mortgage rate down to 4.34 pct.</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-04-10T10:07:37.482-06:00">Updated Apr 10, 2014 10:07AM MDT</span></h5> <div class ="entry-content">Washington • Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week. The average for the 15-year mortgage eased to 3.38 percent from 3.47 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. Going into the spring buying season...</div> <h5><a rel="item-license" href="#license-578018152014-04-10T10:07:37.482-06:00" id="#license-2014-04-10T10:07:37.482-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57801815@www.sltrib.com Thu, 10 Apr 2014 10:07:37 MDT U.S. says oil reserves highest since 1976 http://www.sltrib.com/sltrib/money/57801768-79/oil-reserves-1976-barrels.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57801768-79/oil-reserves-1976-barrels.html.csp">U.S. says oil reserves highest since 1976</a></h4> <span class="author vcard"><span class="fn">The Associated Press </span></span> <h5><span class="updated" title="2014-04-10T17:31:41.346-06:00">Updated Apr 10, 2014 05:31PM MDT</span></h5> <div class ="entry-content">Crude oil reserves in the U.S. grew for the fourth straight year, reaching the highest level since 1976, according to an Energy Department report released Thursday. The report says reserves grew 4.5 billion barrels, or 15 percent, to 33 billion barrels in 2012. It was the biggest one-year jump since 1970. The U.S. consumed 6.9 billion barrels of crude-based fuels last year. Drillers have learned how to unlock oil trapped in rock formations once thought too expensive to tap, using horizontal dril...</div> <h5><a rel="item-license" href="#license-578017682014-04-10T17:31:41.346-06:00" id="#license-2014-04-10T17:31:41.346-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57801768@www.sltrib.com Thu, 10 Apr 2014 17:31:41 MDT The Washington Post: Stronger regulations needed for tax preparers http://www.sltrib.com/sltrib/opinion/57796451-82/preparers-tax-eitc-regulations.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/57796451-82/preparers-tax-eitc-regulations.html.csp">The Washington Post: Stronger regulations needed for tax preparers</a></h4> <span class="author vcard"><span class="fn">The Washington Post</span></span> <h5><span class="updated" title="2014-04-10T10:40:17.837-06:00">Updated Apr 10, 2014 10:40AM MDT</span></h5> <div class ="entry-content">The earned-income tax credit is one of the government’s most effective poverty-fighting, work-encouraging tools. The program pays low-income employees a wage supplement, in the form of a tax credit, that can be worth more than $6,000 a year to a family with three or more children. The EITC has offset higher Social Security taxes and the minimum wage’s erosion by inflation in recent years. The tax credit’s Achilles’ heel, however, is implementation. As the program has expanded, it has become mor...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57796451@www.sltrib.com Thu, 10 Apr 2014 10:40:17 MDT