CAPITAL - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/CAPITAL News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Bank of Cyprus shores up base with $1.3 billion http://www.sltrib.com/sltrib/money/58234132-79/bank-cyprus-billion-base.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58234132-79/bank-cyprus-billion-base.html.csp">Bank of Cyprus shores up base with $1.3 billion</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-28T16:45:02.418-06:00">Updated Jul 28, 2014 04:45PM MDT</span></h5> <div class ="entry-content">NICOSIA, Cyprus • Cyprus’ largest bank says it has bolstered its capital base by raising $1.34 billion through a private placement of new shares. Bank of Cyprus said late Monday the new shares each valued at 32 cents went to institutional investors from Europe, North America and Russia. It said existing shareholders will get a chance to buy back up to 20 percent of those shares, but that the total capital raised would remain at $1.34 billion. The bank said this will speed up its restructuring pl...</div> <h5><a rel="item-license" href="#license-582341322014-07-28T16:45:02.418-06:00" id="#license-2014-07-28T16:45:02.418-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58234132@www.sltrib.com Mon, 28 Jul 2014 16:45:02 MDT Red Lobster goes vertical on plate to push quality http://www.sltrib.com/sltrib/money/58233069-79/lobster-red-fish-lopdrup.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58233069-79/lobster-red-fish-lopdrup.html.csp">Red Lobster goes vertical on plate to push quality</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="2014-07-28T13:35:18.679-06:00">Updated Jul 28, 2014 01:35PM MDT</span></h5> <div class ="entry-content">New York • Red Lobster wants to be seen as a purveyor of quality seafood, so it’s getting rid of some of its promotional discounts and stacking the food higher on plates, as is the style at fancier restaurants. The changes mark the latest attempt by the struggling seafood to stop a years-long sales decline as it embarks on a new era. On Monday, Darden Restaurants Inc. said it completed its sale of the chain to investment firm Golden Gate Capital, despite contentious protests from activist invest...</div> <h5><a rel="item-license" href="#license-582330692014-07-28T13:35:18.679-06:00" id="#license-2014-07-28T13:35:18.679-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58233069@www.sltrib.com Mon, 28 Jul 2014 13:35:18 MDT Puerto Rico utility’s finances spark concern http://www.sltrib.com/sltrib/money/58195951-79/debt-puerto-rico-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58195951-79/debt-puerto-rico-company.html.csp">Puerto Rico utility’s finances spark concern</a></h4> <span class="author vcard"><span class="fn">By DANICA COTO</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-17T18:07:01.694-06:00">Updated Jul 17, 2014 06:07PM MDT</span></h5> <div class ="entry-content">San Juan, Puerto Rico • U.S. investors on Thursday pressed Puerto Rico government officials about the financial health of the island’s power company amid fears it might soon seek to restructure millions of dollars in debt. The questions came after a nearly two-hour webcast in which officials sought to reassure investors and update them on steps being taken to stabilize the U.S. territory’s economy and generate additional revenue for its government. It was the first webcast held since Gov. Alejan...</div> <h5><a rel="item-license" href="#license-581959512014-07-17T18:07:01.694-06:00" id="#license-2014-07-17T18:07:01.694-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58195951@www.sltrib.com Thu, 17 Jul 2014 18:07:01 MDT Capital One posts higher second quarter profit http://www.sltrib.com/sltrib/money/58196010-79/percent-billion-capital-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58196010-79/percent-billion-capital-quarter.html.csp">Capital One posts higher second quarter profit</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="2014-07-17T17:39:01.944-06:00">Updated Jul 17, 2014 05:39PM MDT</span></h5> <div class ="entry-content">New York • Capital One Financial Corp. said Thursday that second-quarter profit rose 8 percent as it set aside less money for bad loans and its domestic card business returned to growth. McLean, Va.-based Capital One said net income after paying preferred dividends rose to $1.18 billion, or $2.04 per share, in the three months ended June 30. That compares with net income of $1.09 billion, or $1.85 per share, in the same period a year earlier. The results exceeded the average forecast of analysts...</div> <h5><a rel="item-license" href="#license-581960102014-07-17T17:39:01.944-06:00" id="#license-2014-07-17T17:39:01.944-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58196010@www.sltrib.com Thu, 17 Jul 2014 17:39:01 MDT Crook: Helping children is better way to fight inequality http://www.sltrib.com/sltrib/opinion/58194392-82/poor-programs-interventions-capital.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58194392-82/poor-programs-interventions-capital.html.csp">Crook: Helping children is better way to fight inequality</a></h4> <span class="author vcard"><span class="fn">By Clive Crook</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg View</span></span> <h5><span class="updated" title="2014-07-17T10:17:27.601-06:00">Updated Jul 17, 2014 10:17AM MDT</span></h5> <div class ="entry-content">Malefactors of great wealth get a lot of press these days. The poor, not so much. There might be a connection. Concentrating on the super-rich seems to divert attention from the more serious social injustice at the other end of the income scale. If you’re born into a poor family in the United States, you’ll find moving up is harder than it would be in many other rich countries. That’s a deeply troubling fact, or it would be if more Americans could bring themselves to believe it. Taxing the rich ...</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> 58194392@www.sltrib.com Thu, 17 Jul 2014 10:17:27 MDT Hundreds of thousands flee from Philippine typhoon http://www.sltrib.com/sltrib/world/58186672-68/typhoon-albay-manila-storm.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58186672-68/typhoon-albay-manila-storm.html.csp">Hundreds of thousands flee from Philippine typhoon</a></h4> <span class="author vcard"><span class="fn">By JIM GOMEZ</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-15T11:10:17.227-06:00">Updated Jul 15, 2014 11:10AM MDT</span></h5> <div class ="entry-content">Manila, Philippines • Haunted by last year’s devastating storm, hundreds of thousands of Filipinos fled from disaster-prone areas Tuesday in advance of another typhoon due to hit the northeast at nightfall before barreling across densely populated regions toward the capital. There were no immediate reports of casualties, but three fishermen were declared missing after they failed to return to shore as fast-moving Typhoon Rammasun, which was packing sustained winds of 130 kilometers (80 miles) pe...</div> <h5><a rel="item-license" href="#license-581866722014-07-15T11:10:17.227-06:00" id="#license-2014-07-15T11:10:17.227-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58186672@www.sltrib.com Tue, 15 Jul 2014 11:10:17 MDT Fed No. 2 Fischer says care needed to avert crisis http://www.sltrib.com/sltrib/money/58171270-79/banks-crisis-fed-fischer.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58171270-79/banks-crisis-fed-fischer.html.csp">Fed No. 2 Fischer says care needed to avert crisis</a></h4> <span class="author vcard"><span class="fn">By MARCY GORDON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-10T16:18:02.335-06:00">Updated Jul 10, 2014 04:18PM MDT</span></h5> <div class ="entry-content">Washington • The Federal Reserve’s new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. Stricter capital requirements, rather than breaking up the biggest banks, is the better remedy, he says. Stanley Fischer, who became vice chairman of the Fed last month, made the remarks Thursday in his first speech since joining the central bank. He appeared to align himself with recent comments by Fed Chair Janet Yellen that signaled ...</div> <h5><a rel="item-license" href="#license-581712702014-07-10T16:18:02.335-06:00" id="#license-2014-07-10T16:18:02.335-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58171270@www.sltrib.com Thu, 10 Jul 2014 16:18:02 MDT American Apparel confirms default notice http://www.sltrib.com/sltrib/money/58161162-79/american-apparel-lion-capital.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58161162-79/american-apparel-lion-capital.html.csp">American Apparel confirms default notice</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-08T10:57:01.772-06:00">Updated Jul 8, 2014 10:57AM MDT</span></h5> <div class ="entry-content">New York • American Apparel Inc. says it has received a notice from investment firm Lion Capital demanding payment of a $9.9 million loan, according to a regulatory filing Tuesday. Lion Capital is claiming that Los Angeles-based casual clothing chain defaulted under its credit agreement since it ousted its founder and CEO Dov Charney last month. American Apparel says in the documents that it is disputing the claim, contesting the validity of the acceleration and has advised Lion that a default c...</div> <h5><a rel="item-license" href="#license-581611622014-07-08T10:57:01.772-06:00" id="#license-2014-07-08T10:57:01.772-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58161162@www.sltrib.com Tue, 08 Jul 2014 10:57:01 MDT Only one IPO scheduled to debut next week http://www.sltrib.com/sltrib/money/58146594-79/week-capital-debut-ipo.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58146594-79/week-capital-debut-ipo.html.csp">Only one IPO scheduled to debut next week</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-03T11:27:01.594-06:00">Updated Jul 3, 2014 11:27AM MDT</span></h5> <div class ="entry-content">NEW YORK • The only initial public offerings planned for the coming week involves Medical Transcription Billing Corp. of Somerset, N.J., 3 million shares, priced $9 to $11, managed by Chardan Capital Markets, Aegis Capital, and Summer Street Research. Proposed Nasdaq symbol MTBC. Business: Provides a software as a service platform for ambulatory care facilities.</div> <h5><a rel="item-license" href="#license-581465942014-07-03T11:27:01.594-06:00" id="#license-2014-07-03T11:27:01.594-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58146594@www.sltrib.com Thu, 03 Jul 2014 11:27:01 MDT American Apparel facing large loan repayment http://www.sltrib.com/sltrib/money/58123473-79/loan-american-apparel-board.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58123473-79/loan-american-apparel-board.html.csp">American Apparel facing large loan repayment</a></h4> <span class="author vcard"><span class="fn">By ELIZABETH A. HARRIS and CHAD BRAY</span></span> <span class="source-org vcard"><span class="org fn"> New York Times News Service</span></span> <h5><span class="updated" title="2014-06-27T11:49:02.845-06:00">Updated Jun 27, 2014 11:49AM MDT</span></h5> <div class ="entry-content">The pressure is mounting at American Apparel, the retailer of U.S.-made clothing that fired its founder last week. One of the company’s longtime lenders, Lion Capital, asked Thursday that a loan of about $10 million be repaid, according to a person familiar with the situation. The terms of the loan - which came with a 20 percent interest rate - said that if the founder, Dov Charney, ceased to be chief executive, the loan could be declared in default. Two people familiar with the negotiations sai...</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> 58123473@www.sltrib.com Fri, 27 Jun 2014 11:49:02 MDT Explosion rocks mall in Nigerian capital http://www.sltrib.com/sltrib/world/58114468-68/abuja-attacks-killed-nigeria.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58114468-68/abuja-attacks-killed-nigeria.html.csp">Explosion rocks mall in Nigerian capital</a></h4> <span class="author vcard"><span class="fn">By BASHIR ADIGUN</span></span> <span class="source-org vcard"><span class="org fn"> Associated Press</span></span> <h5><span class="updated" title="2014-06-25T14:02:02.868-06:00">Updated Jun 25, 2014 02:02PM MDT</span></h5> <div class ="entry-content">Abuja, Nigeria • An explosion blamed on Islamic extremists rocked a shopping mall in Nigeria’s capital, Abuja, on Wednesday and police said at least 21 people have been killed. The blast came as Nigerians were preparing to watch their country’s Super Eagles play Argentina at the World Cup in Brazil. Many shops at the mall have TV screens but it was unclear if the explosion was timed to coincide with the match, which started an hour later. Witnesses said body parts were scattered around the exit ...</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> 58114468@www.sltrib.com Wed, 25 Jun 2014 14:02:02 MDT U.S. settles credit discrimination suit against bank http://www.sltrib.com/sltrib/money/58090256-79/bank-credit-million-169.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58090256-79/bank-credit-million-169.html.csp">U.S. settles credit discrimination suit against bank</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-06-19T14:27:01.855-06:00">Updated Jun 19, 2014 02:27PM MDT</span></h5> <div class ="entry-content">Washington • GE Capital Retail Bank has agreed to pay $169 million to settle a lawsuit accusing it of discriminating against Hispanic credit card customers, the Justice Department said Thursday. The Justice Department on Thursday called it the largest government credit-card discrimination settlement ever. The department joined the Consumer Financial Protection Bureau in announcing the agreement. In addition, GE Capital must refund $56 million to about 638,000 consumers who were subjected to dece...</div> <h5><a rel="item-license" href="#license-580902562014-06-19T14:27:01.855-06:00" id="#license-2014-06-19T14:27:01.855-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58090256@www.sltrib.com Thu, 19 Jun 2014 14:27:01 MDT Saletan: Why support for capital punishment is falling http://www.sltrib.com/sltrib/opinion/58088248-82/percent-death-penalty-support.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58088248-82/percent-death-penalty-support.html.csp">Saletan: Why support for capital punishment is falling</a></h4>