MARKET - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/MARKET News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Indian online retailer Flipkart raises $1 billion http://www.sltrib.com/sltrib/money/58241430-79/flipkart-indian-online-amazon.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58241430-79/flipkart-indian-online-amazon.html.csp">Indian online retailer Flipkart raises $1 billion</a></h4> <span class="author vcard"><span class="fn">By KAY JOHNSON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-30T10:33:01.453-06:00">Updated Jul 30, 2014 10:33AM MDT</span></h5> <div class ="entry-content">Mumbai, India • India’s largest online e-commerce company, Flipkart, raised $1 billion in new capital this week as the company gears up for competition with Amazon’s push into the Indian market. The company said the funds will be used to invest in expansion, especially in mobile technology. Flipkart is sometimes called the Amazon of India. It was founded by two Indian brothers, Sachin and Binny Bansal, who left Amazon and came home to found their own online retailer. Among the investors in the r...</div> <h5><a rel="item-license" href="#license-582414302014-07-30T10:33:01.453-06:00" id="#license-2014-07-30T10:33:01.453-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58241430@www.sltrib.com Wed, 30 Jul 2014 10:33:01 MDT Fed offers no clearer hint on first rate increase http://www.sltrib.com/sltrib/money/58241205-79/fed-rate-inflation-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58241205-79/fed-rate-inflation-market.html.csp">Fed offers no clearer hint on first rate increase</a></h4> <span class="author vcard"><span class="fn">By MARTIN CRUTSINGER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-30T12:47:15.367-06:00">Updated Jul 30, 2014 12:47PM MDT</span></h5> <div class ="entry-content">Washington • The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it’s offering no clearer hint of when it will start raising its benchmark short-term interest rate. The Fed on Wednesday reiterated its plan to keep short-term rates low “for a considerable time” after its bond purchases end. Most economists think a rate increase is about a year away despite a strengthening economy. The government estimated Wednesday...</div> <h5><a rel="item-license" href="#license-582412052014-07-30T12:47:15.367-06:00" id="#license-2014-07-30T12:47:15.367-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58241205@www.sltrib.com Wed, 30 Jul 2014 12:47:15 MDT Corning and Windstream are big market movers http://www.sltrib.com/sltrib/money/58238559-79/inc-profit-reported-quarterly.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58238559-79/inc-profit-reported-quarterly.html.csp">Corning and Windstream are big market movers</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T17:33:01.945-06:00">Updated Jul 29, 2014 05:33PM MDT</span></h5> <div class ="entry-content">New York • Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Corning Inc., down $2.05 to $20 The specialty glass maker reported quarterly profit matching Wall Street expectations, but its revenue fell short of forecasts. CenturyLink Inc., up $2.19 to $39.90 The telecommunications company expanded an advertising deal and the stock got a boost from a peer’s announced tax saving plan. HealthSouth Corp., $2.31 to $39.95 The r...</div> <h5><a rel="item-license" href="#license-582385592014-07-29T17:33:01.945-06:00" id="#license-2014-07-29T17:33:01.945-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58238559@www.sltrib.com Tue, 29 Jul 2014 17:33:01 MDT Nissan profit rises on strong sales, cheap yen http://www.sltrib.com/sltrib/money/58232815-79/nissan-sales-percent-profit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58232815-79/nissan-sales-percent-profit.html.csp">Nissan profit rises on strong sales, cheap yen</a></h4> <span class="author vcard"><span class="fn">By YURI KAGEYAMA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-28T10:15:02.283-06:00">Updated Jul 28, 2014 10:15AM MDT</span></h5> <div class ="entry-content">Tokyo • Nissan’s quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China. Nissan Motor Co. reported Monday a better-than-expected net profit of $1.1 billion for the April-June first fiscal quarter, up from $1 billion yen a year earlier. Analysts surveyed by FactSet had forecast a quarterly profit of $835 million. Quarterly sales jumped 10 percent to $24.2 billion) Nissan’s vehicle sales grew in the robust North American market, on...</div> <h5><a rel="item-license" href="#license-582328152014-07-28T10:15:02.283-06:00" id="#license-2014-07-28T10:15:02.283-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58232815@www.sltrib.com Mon, 28 Jul 2014 10:15:02 MDT Sluggish housing market sends U.S. stocks down http://www.sltrib.com/sltrib/money/58232613-79/percent-market-dollar-housing.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58232613-79/percent-market-dollar-housing.html.csp">Sluggish housing market sends U.S. stocks down</a></h4> <span class="author vcard"><span class="fn">By JOE McDONALD and MATTHEW CRAFT</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-28T11:22:29.216-06:00">Updated Jul 28, 2014 11:22AM MDT</span></h5> <div class ="entry-content">New York • Major U.S. stock market indexes nudged lower in midday trading on Monday, weighed down by a report of sluggish sales in the housing market. KEEPING SCORE: As of 12:24 p.m. Eastern time, the Standard & Poor’s 500 index was down four points, or 0.2 percent, to 1,973. The Dow Jones industrial average lost 30 points, 0.2 percent, to 16,930 while the Nasdaq composite dropped 17 points, or 0.4 percent, to 4,431. HOUSING: Fewer Americans signed contracts to buy homes in June, as the real es...</div> <h5><a rel="item-license" href="#license-582326132014-07-28T11:22:29.216-06:00" id="#license-2014-07-28T11:22:29.216-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58232613@www.sltrib.com Mon, 28 Jul 2014 11:22:29 MDT Alternative funds are drawing dollars, questions http://www.sltrib.com/sltrib/money/58224721-79/funds-alternative-mutual-fund.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224721-79/funds-alternative-mutual-fund.html.csp">Alternative funds are drawing dollars, questions</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T17:57:01.868-06:00">Updated Jul 25, 2014 05:57PM MDT</span></h5> <div class ="entry-content">New York • They’re hot, yet many investors have no idea what they do. These mutual funds go by a few names, and it doesn’t help that some are inscrutable like “liquid alts,” but they generally fall under an umbrella known as alternative mutual funds. Managers of alternative funds pitch that they can offer smoother returns than traditional stock and bond funds because they have access to more trading tools and markets. And their popularity is surging, though they come with their own risks and gen...</div> <h5><a rel="item-license" href="#license-582247212014-07-25T17:57:01.868-06:00" id="#license-2014-07-25T17:57:01.868-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224721@www.sltrib.com Fri, 25 Jul 2014 17:57:01 MDT Global tensions can’t dent enthusiasm for stocks http://www.sltrib.com/sltrib/money/58224149-79/investors-market-percent-stocks.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224149-79/investors-market-percent-stocks.html.csp">Global tensions can’t dent enthusiasm for stocks</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="2014-07-25T12:36:02.071-06:00">Updated Jul 25, 2014 12:36PM MDT</span></h5> <div class ="entry-content">A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank’s finances look shaky. And the U.S. stock market’s response? After dipping briefly on the bad news, it climbs higher. The market’s resilience this year — which has pushed it to a series of records and extended its five-year bull run — is driven by investors’ optimism about the growth of the U.S. economy and record corporate earnings. That helped the market overcome its latest dip, on July ...</div> <h5><a rel="item-license" href="#license-582241492014-07-25T12:36:02.071-06:00" id="#license-2014-07-25T12:36:02.071-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224149@www.sltrib.com Fri, 25 Jul 2014 12:36:02 MDT Family feud sparks revolt at grocery store chain http://www.sltrib.com/sltrib/money/58224179-79/arthur-workers-store-basket.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224179-79/arthur-workers-store-basket.html.csp">Family feud sparks revolt at grocery store chain</a></h4> <span class="author vcard"><span class="fn">By DENISE LAVOIE</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T12:05:02.422-06:00">Updated Jul 25, 2014 12:05PM MDT</span></h5> <div class ="entry-content">West Bridgewater, Mass. • It’s been called a David vs. Goliath story, a “Tale of Two Arthurs” and even the “ultimate Greek tragedy,” but the characters in this drama are not Biblical or literary figures. They’re grocery store owners. A workers’ revolt at the Market Basket supermarket chain has led to empty store shelves, angry customers and support for a boycott from more than 100 state legislators and mayors. Industry analysts say worker revolts at non-union companies are rare, but what’s happe...</div> <h5><a rel="item-license" href="#license-582241792014-07-25T12:05:02.422-06:00" id="#license-2014-07-25T12:05:02.422-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224179@www.sltrib.com Fri, 25 Jul 2014 12:05:02 MDT Worries about U.S. consumers drag stocks lower http://www.sltrib.com/sltrib/money/58224072-79/percent-visa-investors-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224072-79/percent-visa-investors-market.html.csp">Worries about U.S. consumers drag stocks lower</a></h4> <span class="author vcard"><span class="fn">By KEN SWEET</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T17:33:52.992-06:00">Updated Jul 25, 2014 05:33PM MDT</span></h5> <div class ="entry-content">New York • Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half of the year was looking more troubled than originally expected. The cautious outlook from two companies so heavily exposed to consumer spending spooked investors, causing the stock market to fall at the open and rem...</div> <h5><a rel="item-license" href="#license-582240722014-07-25T17:33:52.992-06:00" id="#license-2014-07-25T17:33:52.992-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224072@www.sltrib.com Fri, 25 Jul 2014 17:33:52 MDT More than 100K Utahns to get refunds from health insurers http://www.sltrib.com/sltrib/home3/58216485-200/refunds-health-average-care.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/home3/58216485-200/refunds-health-average-care.html.csp">More than 100K Utahns to get refunds from health insurers</a></h4> <span class="author vcard"><span class="fn">By Matt Canham</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-23T22:39:18.951-06:00">Updated Jul 23, 2014 10:39PM MDT</span></h5> <div class ="entry-content">Because their health insurer failed to spend enough money on patient care, more than 100,000 Utahns will soon get a check in the mail, a rebate to their bank account or a smaller-than-expected insurance bill. Under the Affordable Care Act, insurers must spend at least 80 percent of the money collected through premiums on patient care. Those who fail to hit the mark have to give refunds to their customers. A report released Thursday by the federal government shows that 104,576 Utahns will split $...</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> 58216485@www.sltrib.com Wed, 23 Jul 2014 22:39:18 MDT U.S. Steel invoking Carnegie legacy in revival plan http://www.sltrib.com/sltrib/money/58215209-79/steel-longhi-company-million.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58215209-79/steel-longhi-company-million.html.csp">U.S. Steel invoking Carnegie legacy in revival plan</a></h4> <span class="author vcard"><span class="fn">By Sonja Elmquist</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-23T16:43:02.118-06:00">Updated Jul 23, 2014 04:43PM MDT</span></h5> <div class ="entry-content">New York • In March 2013, Mario Longhi lobbed an unexpected question into a roomful of 150 U.S. Steel Corp. managers: Who here would buy the company’s stock, tomorrow? He gave them three seconds, and “only a few reacted in that time frame positively,” Longhi said. Since that meeting, Longhi has been promoted to chief executive, and nine months into his tenure he’s closed one plant permanently, two more are temporarily idled and he’s planning to overhaul another. It’s all part of his plan to tran...</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> 58215209@www.sltrib.com Wed, 23 Jul 2014 16:43:02 MDT Saudi stock market to allow foreign investment http://www.sltrib.com/sltrib/money/58210610-79/saudi-foreign-market-arabia.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210610-79/saudi-foreign-market-arabia.html.csp">Saudi stock market to allow foreign investment</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:21:01.821-06:00">Updated Jul 22, 2014 09:21AM MDT</span></h5> <div class ="entry-content">Riyadh, Saudi Arabia • The Saudi government has approved a measure that will open the country’s stock market to direct foreign investment next year, news that sent the exchange surging Tuesday to its highest level in nearly seven years. The Tadawul All Share Index closed up nearly 3 percent. The Cabinet’s decision Monday, reported by the official Saudi Press Agency, paves the way for foreign financial institutions to directly buy and sell stocks listed on Saudi Arabia’s $530 billion Tadawul All ...</div> <h5><a rel="item-license" href="#license-582106102014-07-22T09:21:01.821-06:00" id="#license-2014-07-22T09:21:01.821-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210610@www.sltrib.com Tue, 22 Jul 2014 09:21:01 MDT Atlantic City doomed by glut of casinos in region http://www.sltrib.com/sltrib/money/58203496-79/atlantic-casinos-casino-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58203496-79/atlantic-casinos-casino-market.html.csp">Atlantic City doomed by glut of casinos in region</a></h4> <span class="author vcard"><span class="fn">By WAYNE PARRY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-20T16:11:56.783-06:00">Updated Jul 20, 2014 04:11PM MDT</span></h5> <div class ="entry-content">Atlantic City, N.J. • The rapid disintegration of Atlantic City’s casino market might be an early indicator of what could happen in other parts of the country that have too many casinos and not enough gamblers. In the 36th year of casino gambling in New Jersey, which not too long ago had a monopoly on the East Coast, the casino industry is crashing with a suddenness and a fury that has caught many people here by surprise. It started the year with 12 casinos; by mid-September, it could have eight...</div> <h5><a rel="item-license" href="#license-582034962014-07-20T16:11:56.783-06:00" id="#license-2014-07-20T16:11:56.783-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58203496@www.sltrib.com Sun, 20 Jul 2014 16:11:56 MDT Gold and silver prices settle lower after jumping http://www.sltrib.com/sltrib/money/58198753-79/cents-gold-prices-fell.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58198753-79/cents-gold-prices-fell.html.csp">Gold and silver prices settle lower after jumping</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press </span></span> <h5><span class="updated" title="2014-07-18T14:23:02.38-06:00">Updated Jul 18, 2014 02:23PM MDT</span></h5> <div class ="entry-content">Gold prices settled lower to end the week, a day after concerns about a conflict between Russia and Ukraine shot prices up. Gold for August delivery fell $7.50, or 0.6 percent, to $1,309.40 an ounce. Silver for September sank 25 cents, or 1.2 percent, to $20.89. Markets were rattled on Thursday following news that a passenger plane was shot down over eastern Ukraine, a battleground where government troops have been fighting Russian-backed separatists. Speculation that tensions between Russia and...</div> <h5><a rel="item-license" href="#license-581987532014-07-18T14:23:02.38-06:00" id="#license-2014-07-18T14:23:02.38-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58198753@www.sltrib.com Fri, 18 Jul 2014 14:23:02 MDT New Toyota minivan makes it easier to yell at kids http://www.sltrib.com/sltrib/money/58198702-79/minivan-toyota-kids-feature.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58198702-79/minivan-toyota-kids-feature.html.csp">New Toyota minivan makes it easier to yell at kids</a></h4> <span class="author vcard"><span class="fn">By TOM KRISHER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-18T14:18:02.013-06:00">Updated Jul 18, 2014 02:18PM MDT</span></h5> <div class ="entry-content">Detroit • Toyota wants to help you scream at your unruly kids. The latest version of the company’s Sienna minivan has a feature called “Driver Easy Speak.” It uses a built-in microphone to amplify a parent’s voice through speakers in the back seats. Toyota says it added Easy Speak “so parents don’t have to shout to passengers in the back.” But chances are many parents will yell into the microphone anyway. And the feature only works one way, so the kids can’t talk back. At least not with amplifie...</div> <h5><a rel="item-license" href="#license-581987022014-07-18T14:18:02.013-06:00" id="#license-2014-07-18T14:18:02.013-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58198702@www.sltrib.com Fri, 18 Jul 2014 14:18:02 MDT U.S. stocks mount rebound on company earnings http://www.sltrib.com/sltrib/money/58197872-79/percent-earnings-investors-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58197872-79/percent-earnings-investors-market.html.csp">U.S. stocks mount rebound on company earnings</a></h4> <span class="author vcard"><span class="fn">By ALEX VEIGA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-18T17:07:25.3-06:00">Updated Jul 18, 2014 05:07PM MDT</span></h5> <div class ="entry-content">Investors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days. The gains wiped out much of the market’s losses from the day before, when the downing of a Malaysian Airlines passenger jet in eastern Ukraine stirred concerns that tensions between Russia and the West could escalate. Israel’s launch of a ground offensive into Gaza also stoked geopolitical uncertainty. Those worries appeared to ease Friday, as world leaders called fo...</div> <h5><a rel="item-license" href="#license-581978722014-07-18T17:07:25.3-06:00" id="#license-2014-07-18T17:07:25.3-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58197872@www.sltrib.com Fri, 18 Jul 2014 17:07:25 MDT Volvo sees quarterly profit up 21 percent, sales flat http://www.sltrib.com/sltrib/money/58197827-79/sales-million-profit-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58197827-79/sales-million-profit-market.html.csp">Volvo sees quarterly profit up 21 percent, sales flat</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-18T09:40:01.783-06:00">Updated Jul 18, 2014 09:40AM MDT</span></h5> <div class ="entry-content">Stockholm • Swedish truck maker AB Volvo says second-quarter profit jumped 21 percent on the back of cost savings, efficiency schemes and streamlined production. Net profit in the April to June period jumped to $365 million from $307 million a year earlier. Sales were marginally down at $61 million compared with $61.3 million during the same period last year. CEO Olof Persson said Friday that truck sales have developed particularly well in North America and Japan with increased market shares dur...</div> <h5><a rel="item-license" href="#license-581978272014-07-18T09:40:01.783-06:00" id="#license-2014-07-18T09:40:01.783-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58197827@www.sltrib.com Fri, 18 Jul 2014 09:40:01 MDT Arabtec shares suspended on Dubai market http://www.sltrib.com/sltrib/money/58194729-79/arabtec-shares-firm-dubai.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194729-79/arabtec-shares-firm-dubai.html.csp">Arabtec shares suspended on Dubai market</a></h4> <span class="author vcard"><span class="fn">By AYA BATRAWY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-17T11:43:02.33-06:00">Updated Jul 17, 2014 11:43AM MDT</span></h5> <div class ="entry-content">Dubai, United Arab Emirates • The Dubai Financial Market suspended trading shares Thursday of the emirate’s largest construction company, Arabtec Holding, after rumors swirled that the firm’s biggest shareholder was in talks to sell off a large portion of his stake. The decision was announced on the market’s website following instructions from the United Arab Emirates’ Securities and Commodities Authority. The statement said the trading of Arabtec shares had been suspended pending clarification ...</div> <h5><a rel="item-license" href="#license-581947292014-07-17T11:43:02.33-06:00" id="#license-2014-07-17T11:43:02.33-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194729@www.sltrib.com Thu, 17 Jul 2014 11:43:02 MDT Fiat denies merger talks with Volkswagen http://www.sltrib.com/sltrib/money/58194698-79/fiat-volkswagen-merger-talks.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194698-79/fiat-volkswagen-merger-talks.html.csp">Fiat denies merger talks with Volkswagen</a></h4> <span class="author vcard"><span class="fn">By COLLEEN BARRY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-17T11:38:02.076-06:00">Updated Jul 17, 2014 11:38AM MDT</span></h5> <div class ="entry-content">Milan • Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen. The German carmaker also said it had no plans for mergers or acquisitions. Shares in Fiat briefly rose 5 percent, before closing up 1 percent at 7.70 euros, after Manager Magazin in Germany reported that the main shareholders in Fiat SpA and Volkswagen AG have had a series of talks about Volkswagen taking over all or part of Fiat, which controls Chr...</div> <h5><a rel="item-license" href="#license-581946982014-07-17T11:38:02.076-06:00" id="#license-2014-07-17T11:38:02.076-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194698@www.sltrib.com Thu, 17 Jul 2014 11:38:02 MDT Global stocks down ahead of U.S. data, earnings http://www.sltrib.com/sltrib/money/58194119-79/percent-markets-stocks-data.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194119-79/percent-markets-stocks-data.html.csp">Global stocks down ahead of U.S. data, earnings</a></h4> <span class="author vcard"><span class="fn">By YOUKYUNG LEE</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-17T09:04:01.658-06:00">Updated Jul 17, 2014 09:04AM MDT</span></h5> <div class ="entry-content">Seoul • European stocks were lower after most Asian markets abandoned modest gains Thursday ahead of U.S. economic data and corporate earnings reports. Stock markets are at lofty heights, making investors nervous a corrective sell-off is looming, particularly as the U.S. Federal Reserve edges toward its first interest rate hike since the Great Recession. The Dow Jones industrial average hit yet another record on Wednesday. The strong performance of Wall Street indexes is at odds with the modest ...</div> <h5><a rel="item-license" href="#license-581941192014-07-17T09:04:01.658-06:00" id="#license-2014-07-17T09:04:01.658-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194119@www.sltrib.com Thu, 17 Jul 2014 09:04:01 MDT