PERCENT - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/PERCENT News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Home flipping wanes as buyers find fewer bargains http://www.sltrib.com/sltrib/money/58326767-79/percent-earlier-price-property.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58326767-79/percent-earlier-price-property.html.csp">Home flipping wanes as buyers find fewer bargains</a></h4> <span class="author vcard"><span class="fn">By Prashant Gopal</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-22T17:57:02.34-06:00">Updated Aug 22, 2014 05:57PM MDT</span></h5> <div class ="entry-content">Home flipping, in which a buyer resells a property quickly for a profit, is on the decline as U.S. residential price gains slow and foreclosures dwindle. Almost 31,000 single-family houses were flipped in the second quarter, representing 4.6 percent of U.S. home sales, RealtyTrac said in a report Friday. That’s down from 6.2 percent a year earlier and the smallest share since the first three months of 2012, when prices bottomed after the crash, according to the Irvine, Calif.-based data company,...</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 This material may not be published, broadcast, rewritten or redistributed.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> 58326767@www.sltrib.com Fri, 22 Aug 2014 17:57:02 MDT Letter: Time to rise against Kaysville council http://www.sltrib.com/sltrib/opinion/58309949-82/council-kaysville-citizens-increase.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58309949-82/council-kaysville-citizens-increase.html.csp">Letter: Time to rise against Kaysville council</a></h4> <h5><span class="updated" title="2014-08-22T17:47:01.497-06:00">Updated Aug 22, 2014 05:47PM MDT</span></h5> <div class ="entry-content">It came as no surprise that Kaysville City Council voted to approve the 99.6 percent property tax increase over the strenuous objections of the citizens. Kaysville citizens have filled council chambers on three separate occasions to voice their objections. In a sort of twisted logic, the council stated that though 75 percent were opposed to the increase, they were actually in the minority because the majority of the citizens at a council meeting in December voiced their approval of the police st...</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> 58309949@www.sltrib.com Fri, 22 Aug 2014 17:47:01 MDT Bank’s expectations help drive down eurozone rates http://www.sltrib.com/sltrib/money/58325782-79/ecb-rates-bonds-money.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58325782-79/ecb-rates-bonds-money.html.csp">Bank’s expectations help drive down eurozone rates</a></h4> <span class="author vcard"><span class="fn">By DAVID McHUGH</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-22T12:32:02.025-06:00">Updated Aug 22, 2014 12:32PM MDT</span></h5> <div class ="entry-content">Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone’s shaky recovery from stalling. That much is suggested by a startling fall in recent days in the borrowing rates for European governments. The drop appears to anticipate a possible program of purchases of financial assets such as bonds by the ECB. The bank has said it will wait until later this year to see if its current stimulus measures work before providin...</div> <h5><a rel="item-license" href="#license-583257822014-08-22T12:32:02.025-06:00" id="#license-2014-08-22T12:32:02.025-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58325782@www.sltrib.com Fri, 22 Aug 2014 12:32:02 MDT Canadian farmers to harvest less wheat in 2014 http://www.sltrib.com/sltrib/money/58325553-79/canola-million-wheat-canada.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58325553-79/canola-million-wheat-canada.html.csp">Canadian farmers to harvest less wheat in 2014</a></h4> <span class="author vcard"><span class="fn">By Jen Skerritt</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-22T11:16:02.141-06:00">Updated Aug 22, 2014 11:16AM MDT</span></h5> <div class ="entry-content">Winnipeg, Manitoba • Canadian wheat growers will probably reduce output by 26 percent this year and canola production will also fall, the government’s statistics agency said Thursday. Wheat production will drop to 27.7 million metric tons from a record 37.5 million in 2013, Statistics Canada said in a report from Ottawa. The average estimate of 10 analysts surveyed by Bloomberg News was 29.1 million. The canola harvest in Canada, the world’s largest grower, will fall 23 percent to 13.9 million t...</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> 58325553@www.sltrib.com Fri, 22 Aug 2014 11:16:02 MDT Stocks little changed on Ukraine, Yellen speech http://www.sltrib.com/sltrib/money/58325206-79/interest-rates-yellen-speech.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58325206-79/interest-rates-yellen-speech.html.csp">Stocks little changed on Ukraine, Yellen speech</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="2014-08-22T09:12:01.966-06:00">Updated Aug 22, 2014 09:12AM MDT</span></h5> <div class ="entry-content">New York • Stocks were little changed Friday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the nation’s most important financial voice feels about raising interest rates in the coming months. KEEPING SCORE: All three major U.S. indexes were moving between small gains and losses in the first hour of trading. The Dow Jones industrial average was down a point at 17,037 as of 8:26 a.m. Mountain. The Standard & Poor’s 500 index was down a point to 1,991 and the Nas...</div> <h5><a rel="item-license" href="#license-583252062014-08-22T09:12:01.966-06:00" id="#license-2014-08-22T09:12:01.966-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58325206@www.sltrib.com Fri, 22 Aug 2014 09:12:01 MDT Unexpected summer blockbuster: Chinese stocks http://www.sltrib.com/sltrib/money/58323256-79/chinese-china-stocks-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58323256-79/chinese-china-stocks-growth.html.csp">Unexpected summer blockbuster: Chinese stocks</a></h4> <span class="author vcard"><span class="fn">By STAN CHOE</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T17:46:01.913-06:00">Updated Aug 21, 2014 05:46PM MDT</span></h5> <div class ="entry-content">New York • Surprise: One of the summer’s hottest investments was also one of the most anxiety-inducing a few months earlier. Dollars are pouring into China again despite worries about the country’s slowing economic growth. Chinese stock mutual funds have returned an average of 12.5 percent over the last three months, making them the second-best fund category of the 105 that Morningstar tracks. Mutual fund managers say they still see opportunities in Chinese stocks, even though the recent gains m...</div> <h5><a rel="item-license" href="#license-583232562014-08-21T17:46:01.913-06:00" id="#license-2014-08-21T17:46:01.913-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58323256@www.sltrib.com Thu, 21 Aug 2014 17:46:01 MDT Gap reports higher profit, plans India expansion http://www.sltrib.com/sltrib/money/58323366-79/gap-cents-company-per.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58323366-79/gap-cents-company-per.html.csp">Gap reports higher profit, plans India expansion</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T17:35:03.056-06:00">Updated Aug 21, 2014 05:35PM MDT</span></h5> <div class ="entry-content">San Francisco • Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco-based company also said it plans to open Gap stores in India next year. The first locations will open in the country’s two largest cities, Mumbai and Delhi. Over time, the company expects about 40 franchise-operated locations in India. For the quarter, Gap said sales at established stores around the world were flat. The performance refl...</div> <h5><a rel="item-license" href="#license-583233662014-08-21T17:35:03.056-06:00" id="#license-2014-08-21T17:35:03.056-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58323366@www.sltrib.com Thu, 21 Aug 2014 17:35:03 MDT Study: Wealth gap widened in the last decade http://www.sltrib.com/sltrib/money/58323358-79/net-worth-median-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58323358-79/net-worth-median-percent.html.csp">Study: Wealth gap widened in the last decade</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T17:33:02.195-06:00">Updated Aug 21, 2014 05:33PM MDT</span></h5> <div class ="entry-content">New York • A Census Bureau report is the latest evidence that the rich are getting richer while the poor get poorer. The study released Thursday divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754. The next-wealthiest group’s net worth also rose. But because wealth dropped for the majority of Americans, the median household net worth for the country overall declined about 7 percent to $68...</div> <h5><a rel="item-license" href="#license-583233582014-08-21T17:33:02.195-06:00" id="#license-2014-08-21T17:33:02.195-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58323358@www.sltrib.com Thu, 21 Aug 2014 17:33:02 MDT Stocks move higher; S&P 500 at record high http://www.sltrib.com/sltrib/money/58322178-79/dollar-percent-fell-rose.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58322178-79/dollar-percent-fell-rose.html.csp">Stocks move higher; S&P 500 at record high</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="2014-08-21T16:57:36.76-06:00">Updated Aug 21, 2014 04:57PM MDT</span></h5> <div class ="entry-content">The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor’s 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago. The S&P 500 rose 5.86 points, or 0.3 percent, to 1,992.37, four points above the record close the index set on July 24. The Dow Jone...</div> <h5><a rel="item-license" href="#license-583221782014-08-21T16:57:36.76-06:00" id="#license-2014-08-21T16:57:36.76-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58322178@www.sltrib.com Thu, 21 Aug 2014 16:57:36 MDT Chavez propaganda tool for sale as crisis worsens http://www.sltrib.com/sltrib/money/58321991-79/citgo-venezuela-assets-according.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321991-79/citgo-venezuela-assets-according.html.csp">Chavez propaganda tool for sale as crisis worsens</a></h4> <span class="author vcard"><span class="fn">By Pietro D. Pitts</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-21T11:47:02.935-06:00">Updated Aug 21, 2014 11:47AM MDT</span></h5> <div class ="entry-content">Caracas, Venezuela • A decade ago, Hugo Chavez started using Venezuela’s Citgo Petroleum Corp. to provide heating oil to the poor in the United States to spread his socialist message. His successor is now seeking to sell the company to stem the South American country’s deepening economic crisis. State-owned producer Petroleos de Venezuela wants at least $10 billion for Citgo, its U.S. refining and distribution arm, company president and Oil Minister Rafael Ramirez said Aug. 5. Since energy news ...</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> 58321991@www.sltrib.com Thu, 21 Aug 2014 11:47:02 MDT Beluga still looking to be a superpremium vodka http://www.sltrib.com/sltrib/money/58321975-79/beluga-vodka-russian-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321975-79/beluga-vodka-russian-percent.html.csp">Beluga still looking to be a superpremium vodka</a></h4> <span class="author vcard"><span class="fn">By Ilya Khrennikov</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-21T11:43:02.619-06:00">Updated Aug 21, 2014 11:43AM MDT</span></h5> <div class ="entry-content">Moscow • About a decade after the first bottle of Beluga vodka was produced in a small Russian town, its owners are seeking global leadership in the superpremium vodka segment. The flare-up in relations between Russia and the West is doing little to dissuade them. “We are playing long-term, and a year or two years don’t make a difference for us,” Synergy Chief Executive Alexander Mechetin said in an interview at the company’s Moscow headquarters. “The current political tensions will be solved so...</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> 58321975@www.sltrib.com Thu, 21 Aug 2014 11:43:02 MDT Average U.S .30-year mortgage rate at 4.10 percent http://www.sltrib.com/sltrib/money/58321927-79/percent-mortgage-average-rate.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321927-79/percent-mortgage-average-rate.html.csp">Average U.S .30-year mortgage rate at 4.10 percent</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T11:21:02.762-06:00">Updated Aug 21, 2014 11:21AM MDT</span></h5> <div class ="entry-content">Washington • Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.23 percent from 3.24 percent. Mortgage rates have fallen in recent weeks after climbing last summer when the Federal Reserve began talking about...</div> <h5><a rel="item-license" href="#license-583219272014-08-21T11:21:02.762-06:00" id="#license-2014-08-21T11:21:02.762-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321927@www.sltrib.com Thu, 21 Aug 2014 11:21:02 MDT Mongolia hosts China’s leader, seeks port access http://www.sltrib.com/sltrib/money/58321878-79/mongolia-china-chinese-president.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321878-79/mongolia-china-chinese-president.html.csp">Mongolia hosts China’s leader, seeks port access</a></h4> <span class="author vcard"><span class="fn">By GANBAT NAMJILSANGARAV</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T11:08:02.23-06:00">Updated Aug 21, 2014 11:08AM MDT</span></h5> <div class ="entry-content">Ulan Bator, Mongolia • Landlocked Mongolia is hoping to secure better access to Chinese ports as President Xi Jinping becomes the first Chinese head of state in more than a decade to visit this sprawling resource-rich nation sandwiched between China and Russia. Xi arrived in the Mongolian capital on Thursday and was to meet with Mongolian President Elbegdorj Tsakhia later in the day. He also plans to meet on Friday with Prime Minister Altankhuyag Norov, who is chairman of Elbegdorj’s ruling Demo...</div> <h5><a rel="item-license" href="#license-583218782014-08-21T11:08:02.23-06:00" id="#license-2014-08-21T11:08:02.23-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321878@www.sltrib.com Thu, 21 Aug 2014 11:08:02 MDT Sears’ quarterly loss widens on sluggish sales http://www.sltrib.com/sltrib/money/58321851-79/sears-sales-stores-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321851-79/sears-sales-stores-percent.html.csp">Sears’ quarterly loss widens on sluggish sales</a></h4> <span class="author vcard"><span class="fn">By ANNE D’INNOCENZIO and MICHELLE CHAPMAN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T12:49:47.634-06:00">Updated Aug 21, 2014 12:49PM MDT</span></h5> <div class ="entry-content">Hoffman Estates, Ill. • Sears Holdings Inc. recorded a hefty second-quarter loss — $573 million — on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. The company, which operates Sears and Kmart, said it plans to do more cost-cutting to right the ship. That includes closing more stores beyond the 130 that it had announced earlier this year. But investors weren’t encouraged. They sent shares down 4 percent in premarket trading. S...</div> <h5><a rel="item-license" href="#license-583218512014-08-21T12:49:47.634-06:00" id="#license-2014-08-21T12:49:47.634-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321851@www.sltrib.com Thu, 21 Aug 2014 12:49:47 MDT U.S. existing home sales rise for 4th straight month http://www.sltrib.com/sltrib/money/58321819-79/sales-percent-homes-housing.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321819-79/sales-percent-homes-housing.html.csp">U.S. existing home sales rise for 4th straight month</a></h4> <span class="author vcard"><span class="fn">By CHRISTOPHER S. RUGABER</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T13:42:20.76-06:00">Updated Aug 21, 2014 01:42PM MDT</span></h5> <div class ="entry-content">Washington • A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales. But Americans are stepping up purchases as more homes have been put up for sale. Low mortgage rates and moderating price gains have made homes more affordable. “The momentum is in the right direction...</div> <h5><a rel="item-license" href="#license-583218192014-08-21T13:42:20.76-06:00" id="#license-2014-08-21T13:42:20.76-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321819@www.sltrib.com Thu, 21 Aug 2014 13:42:20 MDT Gauge of U.S. economy rises 0.9 percent in July http://www.sltrib.com/sltrib/money/58321759-79/july-percent-economy-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321759-79/july-percent-economy-growth.html.csp">Gauge of U.S. economy rises 0.9 percent in July</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="2014-08-21T10:26:02.482-06:00">Updated Aug 21, 2014 10:26AM MDT</span></h5> <div class ="entry-content">Washington • A gauge designed to predict the economy’s future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year. The Conference Board said Thursday that its index of leading indicators rose 0.9 percent last month, the sixth straight increase and the best showing since a 1 percent rise in March. The index, composed of 10 forward-pointing indicators, had risen 0.6 percent in June. Financial market conditions,...</div> <h5><a rel="item-license" href="#license-583217592014-08-21T10:26:02.482-06:00" id="#license-2014-08-21T10:26:02.482-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321759@www.sltrib.com Thu, 21 Aug 2014 10:26:02 MDT China data drags on Asian stocks, but Europe gains http://www.sltrib.com/sltrib/money/58321723-79/percent-fed-china-manufacturing.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321723-79/percent-fed-china-manufacturing.html.csp">China data drags on Asian stocks, but Europe gains</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="2014-08-21T10:18:02.345-06:00">Updated Aug 21, 2014 10:18AM MDT</span></h5> <div class ="entry-content">Seoul, South Korea • Asian stocks were dampened by a weak China manufacturing survey on Thursday, but European markets rose and Wall Street was expected to open higher. KEEPING SCORE: Britain’s FTSE 100 added 0.2 percent to 6,771.21 and Germany’s DAX gained 0.5 percent to 9,357.45. France’s CAC 40 was up 0.7 percent to 4,269.64. Futures markets augured more gains on Wall Street — S&P 500 futures rose 0.1 percent and Dow Jones futures added 0.2 percent. SOFT SURVEYS: A survey showed China’s vast ...</div> <h5><a rel="item-license" href="#license-583217232014-08-21T10:18:02.345-06:00" id="#license-2014-08-21T10:18:02.345-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321723@www.sltrib.com Thu, 21 Aug 2014 10:18:02 MDT Staples to shut 140 stores as online rivals take sales http://www.sltrib.com/sltrib/money/58317753-79/staples-cents-online-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58317753-79/staples-cents-online-percent.html.csp">Staples to shut 140 stores as online rivals take sales</a></h4> <span class="author vcard"><span class="fn">By Matt Townsend</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-20T12:27:01.744-06:00">Updated Aug 20, 2014 12:27PM MDT</span></h5> <div class ="entry-content">New York • Staples Inc. will shut about 140 locations this year, part of a store-closing plan announced earlier, as the world’s largest office-supply chain responds to online competition. Staples shut 80 outlets in North America in the fiscal second quarter. Net income in the three months ended Aug. 2 dropped 20 percent to $82 million, or 13 cents a share, as $101 million was spent on closing locations, the Framingham, Mass.-based company said Wednesday. The retailer has four stores in Utah — in...</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> 58317753@www.sltrib.com Wed, 20 Aug 2014 12:27:01 MDT Sprouts beating Whole Foods in food-price battle http://www.sltrib.com/sltrib/money/58317783-79/foods-sprouts-percent-bloomberg.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58317783-79/foods-sprouts-percent-bloomberg.html.csp">Sprouts beating Whole Foods in food-price battle</a></h4> <span class="author vcard"><span class="fn">By Leslie Patton</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-20T12:30:01.829-06:00">Updated Aug 20, 2014 12:30PM MDT</span></h5> <div class ="entry-content">Chicago • Sprouts Farmers Market Inc., one of Whole Foods Market Inc.’s fastest-growing competitors, is undercutting the prices of its larger rival by about 13 percent, according to analysis by Bloomberg Industries. A basket of 148 brand-name items, including Kashi cereal, Talenti gelato and Applegate deli turkey, is $691.92 at Sprouts and $780.64 at Whole Foods, according to a study led by Jennifer Bartashus, a Bloomberg Industries analyst in Skillman, New Jersey. The difference stems largely f...</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> 58317783@www.sltrib.com Wed, 20 Aug 2014 12:30:01 MDT Hewlett-Packard’s quarterly sales top estimates http://www.sltrib.com/sltrib/money/58318860-79/hewlett-packard-sales-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58318860-79/hewlett-packard-sales-company.html.csp">Hewlett-Packard’s quarterly sales top estimates</a></h4> <span class="author vcard"><span class="fn">By Jack Clark</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-20T16:34:01.976-06:00">Updated Aug 20, 2014 04:34PM MDT</span></h5> <div class ="entry-content">San Francisco • Hewlett-Packard Co. reported fiscal third-quarter sales that topped analysts’ estimates, fueled by improving personal-computer sales. Profit excluding certain items in the period ended July 31 was 89 cents a share, with revenue rising 1.3 percent to $27.6 billion, the Palo Alto, Calif.-based company said Wednesday. Analysts on average were estimating profit of 89 cents a share and sales of $27 billion, according to data compiled by Bloomberg. The results give Chief Executive Meg ...</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> 58318860@www.sltrib.com Wed, 20 Aug 2014 16:34:01 MDT