QUARTER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/QUARTER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Philippine economy grows 6.4 percent in quarter http://www.sltrib.com/sltrib/money/58347408-79/percent-growth-quarter-economy.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58347408-79/percent-growth-quarter-economy.html.csp">Philippine economy grows 6.4 percent in quarter</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-28T10:30:02.294-06:00">Updated Aug 28, 2014 10:30AM MDT</span></h5> <div class ="entry-content">Manila • The Philippine economy expanded by 6.4 percent in the second quarter and tied with Malaysia as the second fastest growing in Asia during the period, officials said Thursday. The April-June growth was higher than the 5.6 percent posted in the first quarter, driven by industry, which grew by 7.8 percent, followed by services, which posted 6.0 percent growth, the government statistics agency reported. “This higher growth rate, coming from a high base a year ago shows that the economy is ba...</div> <h5><a rel="item-license" href="#license-583474082014-08-28T10:30:02.294-06:00" id="#license-2014-08-28T10:30:02.294-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58347408@www.sltrib.com Thu, 28 Aug 2014 10:30:02 MDT U.S. bank earnings up 5.2 percent in quarter http://www.sltrib.com/sltrib/money/58347384-79/banks-percent-quarter-bank.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58347384-79/banks-percent-quarter-bank.html.csp">U.S. bank earnings up 5.2 percent in quarter</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-28T16:53:56.208-06:00">Updated Aug 28, 2014 04:53PM MDT</span></h5> <div class ="entry-content">Washington • U.S. banks’ earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007. The data issued Thursday by the Federal Deposit Insurance Corp. showed a robust picture as the banking industry continues to recover from the financial crisis that struck six years ago. The improving economy has brought greater demand for loans and stepped-up lending. The FDIC reported that U.S. banks earned $40.2 billio...</div> <h5><a rel="item-license" href="#license-583473842014-08-28T16:53:56.208-06:00" id="#license-2014-08-28T16:53:56.208-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58347384@www.sltrib.com Thu, 28 Aug 2014 16:53:56 MDT U.S. economy grew 4.2 percent in second quarter http://www.sltrib.com/sltrib/money/58347055-79/growth-percent-quarter-economy.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58347055-79/growth-percent-quarter-economy.html.csp">U.S. economy grew 4.2 percent in second quarter</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="2014-08-28T17:06:05.496-06:00">Updated Aug 28, 2014 05:06PM MDT</span></h5> <div class ="entry-content">Washington • After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated. The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half. The Commerce Department’s second estimate of growth for last quarter followed its initial estimate of 4 percent. The upward revision reflected stronger business investment tha...</div> <h5><a rel="item-license" href="#license-583470552014-08-28T17:06:05.496-06:00" id="#license-2014-08-28T17:06:05.496-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58347055@www.sltrib.com Thu, 28 Aug 2014 17:06:05 MDT Alibaba’s revenue growth surges in latest quarter http://www.sltrib.com/sltrib/money/58343779-79/alibaba-company-billion-ipo.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58343779-79/alibaba-company-billion-ipo.html.csp">Alibaba’s revenue growth surges in latest quarter</a></h4> <span class="author vcard"><span class="fn">By Michael Liedtke</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-27T14:33:25.968-06:00">Updated Aug 27, 2014 02:33PM MDT</span></h5> <div class ="entry-content">San Francisco • Alibaba’s quarterly revenue growth is surging again, a development that should help the Chinese e-commerce company sell its shares in what could become the technology industry’s most lucrative IPO. The latest evidence of Alibaba’s financial allure surfaced in a regulatory update filed Wednesday as the company prepares to complete its initial public offering of stock next month. Alibaba’s latest quarter ending June 30 was highlighted by revenue of $2.54 billion, a 46 percent incre...</div> <h5><a rel="item-license" href="#license-583437792014-08-27T14:33:25.968-06:00" id="#license-2014-08-27T14:33:25.968-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58343779@www.sltrib.com Wed, 27 Aug 2014 14:33:25 MDT U.S. credit card late payments down in quarter http://www.sltrib.com/sltrib/money/58338456-79/credit-percent-card-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58338456-79/credit-percent-card-quarter.html.csp">U.S. credit card late payments down in quarter</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="2014-08-26T09:20:02.029-06:00">Updated Aug 26, 2014 09:20AM MDT</span></h5> <div class ="entry-content">Los Angeles • Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter — the lowest level in at least seven years, credit reporting agency TransUnion said Tuesday. The second-quarter credit card delinquency rate is down from 1.27 percent in the same period last year and 1.37 perce...</div> <h5><a rel="item-license" href="#license-583384562014-08-26T09:20:02.029-06:00" id="#license-2014-08-26T09:20:02.029-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58338456@www.sltrib.com Tue, 26 Aug 2014 09:20:02 MDT NFL: Interception costly in Cardinals’ 19-13 loss http://www.sltrib.com/sltrib/sports/58334295-77/palmer-cincinnati-bengals-arizona.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/sports/58334295-77/palmer-cincinnati-bengals-arizona.html.csp">NFL: Interception costly in Cardinals’ 19-13 loss</a></h4> <span class="author vcard"><span class="fn">By BOB BAUM</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-26T18:11:27.67-06:00">Updated Aug 26, 2014 06:11PM MDT</span></h5> <div class ="entry-content">Glendale, Ariz. • Carson Palmer says the offense needs to be the “backbone” of the Arizona Cardinals. There wasn’t much evidence of that in their 19-13 preseason loss to the Cincinnati Bengals on Sunday night. Because it was a preseason game, though, there wasn’t much talk of confidence evaporating. “I have all the confidence in the world in our offense and our entire team,” Palmer said. “It’s unfortunate. We wanted to play better. ... We’ll take the good and beached on the bad and we’ll move on...</div> <h5><a rel="item-license" href="#license-583342952014-08-26T18:11:27.67-06:00" id="#license-2014-08-26T18:11:27.67-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58334295@www.sltrib.com Tue, 26 Aug 2014 18:11:27 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 Survey indicates eurozone is growing slowly http://www.sltrib.com/sltrib/money/58321956-79/growth-eurozone-economy-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58321956-79/growth-eurozone-economy-quarter.html.csp">Survey indicates eurozone is growing slowly</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-21T11:33:02.091-06:00">Updated Aug 21, 2014 11:33AM MDT</span></h5> <div class ="entry-content">Frankfurt, Germany • A survey of business activity shows the economy of the 18-country eurozone grew at only a slow pace in August, a sign it remains sluggish after a disappointing second quarter in which it did not expand at all. The purchasing managers’ index published by Markit Economics fell to 52.8 points from 53.8 in July. A reading over 50 indicates the economy is expanding. The signs of mild growth follow an official growth figure of zero for the second quarter, which ended June 30. The ...</div> <h5><a rel="item-license" href="#license-583219562014-08-21T11:33:02.091-06:00" id="#license-2014-08-21T11:33:02.091-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58321956@www.sltrib.com Thu, 21 Aug 2014 11:33:02 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 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 Data breach impact: Target earnings off 62 percent http://www.sltrib.com/sltrib/money/58317026-79/target-breach-percent-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58317026-79/target-breach-percent-quarter.html.csp">Data breach impact: Target earnings off 62 percent</a></h4> <span class="author vcard"><span class="fn">By ANNE D’INNOCENZIO</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-20T12:09:22.871-06:00">Updated Aug 20, 2014 12:09PM MDT</span></h5> <div class ="entry-content">New York • Target Corp. slashed its annual profit outlook for the second time in three months as the retailer continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S. The nation’s third-largest retailer also said Wednesday that its second-quarter earnings dropped 61.7 percent. Excluding expenses related to the data breach, the results were a penny short of Target’s reduced estimate issued earlier this month. The reduced forecast ...</div> <h5><a rel="item-license" href="#license-583170262014-08-20T12:09:22.871-06:00" id="#license-2014-08-20T12:09:22.871-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58317026@www.sltrib.com Wed, 20 Aug 2014 12:09:22 MDT PetSmart chain is considering selling itself http://www.sltrib.com/sltrib/money/58314535-79/petsmart-percent-pet-itself.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58314535-79/petsmart-percent-pet-itself.html.csp">PetSmart chain is considering selling itself</a></h4> <span class="author source-org vcard"><span class="org fn">By The Associated Press </span></span> <h5><span class="updated" title="2014-08-19T19:40:02.512-06:00">Updated Aug 19, 2014 07:40PM MDT</span></h5> <div class ="entry-content">Bowing to pressure from investors, PetSmart Inc. is considering putting itself up for sale. The pet supply chain, which has 14 stores in Utah, said Tuesday it will weigh “strategic alternatives” after a board review that included conversations with shareholders. Investment firm Longview Asset Management and hedge fund Jana Partners have both called on PetSmart to sell itself, a move they say would benefit shareholders. Longview has about a 9 percent stake in PetSmart, while Jana holds nearly 10 ...</div> <h5><a rel="item-license" href="#license-583145352014-08-19T19:40:02.512-06:00" id="#license-2014-08-19T19:40:02.512-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58314535@www.sltrib.com Tue, 19 Aug 2014 19:40:02 MDT Israel quarterly growth down as exports plunge http://www.sltrib.com/sltrib/money/58309444-79/percent-cut-rate-israel.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58309444-79/percent-cut-rate-israel.html.csp">Israel quarterly growth down as exports plunge</a></h4> <span class="author vcard"><span class="fn">By Amy Teibel</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-18T11:55:01.708-06:00">Updated Aug 18, 2014 11:55AM MDT</span></h5> <div class ="entry-content">Jerusalem • Israel’s economic expansion slowed in the second quarter as exports plunged almost 18 percent, fueling speculation that the central bank may cut interest rates again to spur growth. Gross domestic product grew 1.7 percent, compared with a revised rate of 2.8 percent in the first three months of the year, the Central Bureau of Statistics in Jerusalem said Sunday. The median estimate of five economists was for a growth rate of 2.7 percent, according to data compiled by Bloomberg. The d...</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> 58309444@www.sltrib.com Mon, 18 Aug 2014 11:55:01 MDT British economy maintains momentum in quarter http://www.sltrib.com/sltrib/money/58300527-79/percent-quarter-economy-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58300527-79/percent-quarter-economy-growth.html.csp">British economy maintains momentum in quarter</a></h4> <span class="author vcard"><span class="fn">By Emma Charlton</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-15T10:05:01.94-06:00">Updated Aug 15, 2014 10:05AM MDT</span></h5> <div class ="entry-content">London • The British economy maintained its momentum in the second quarter as output finally surpassed the level seen before the global financial crisis. Gross domestic product grew an unrevised 0.8 percent between April and June, the same as in the previous three months, the Office for National Statistics said in London Friday. That left output 0.2 percent above its previous peak in the first quarter of 2008. The economy expanded an upwardly revised 3.2 percent from a year earlier, the most sin...</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> 58300527@www.sltrib.com Fri, 15 Aug 2014 10:05:01 MDT NY Fed: U.S. auto loans soar to highest in 8 years http://www.sltrib.com/sltrib/money/58297996-79/loans-auto-credit-lending.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58297996-79/loans-auto-credit-lending.html.csp">NY Fed: U.S. auto loans soar to highest in 8 years</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="2014-08-14T15:21:02.66-06:00">Updated Aug 14, 2014 03:21PM MDT</span></h5> <div class ="entry-content">Washington • U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. Yet the New York Fed also said that loans to borrowers with shoddy credit, also known as subprime lending, still make up a smaller proportion of total auto loans than before the Great Recession. Federal banking regulators have raised concerns in recent months over the rapid increase in ...</div> <h5><a rel="item-license" href="#license-582979962014-08-14T15:21:02.66-06:00" id="#license-2014-08-14T15:21:02.66-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58297996@www.sltrib.com Thu, 14 Aug 2014 15:21:02 MDT French economy stagnates in second quarter http://www.sltrib.com/sltrib/money/58296802-79/economy-growth-percent-france.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58296802-79/economy-growth-percent-france.html.csp">French economy stagnates in second quarter</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-14T09:54:02.097-06:00">Updated Aug 14, 2014 09:54AM MDT</span></h5> <div class ="entry-content">Paris • France’s economy stagnated in the second quarter, leaving President Francois Hollande increasingly desperate to fulfill his two-year-old pledge to get the country growing again. National statistics agench INSEE reported Thursday that the eurozone’s second-largest economy posted zero growth for the second straight quarter. Finance Minister Michel Sapin immediately acknowledged that the goverment’s forecast of 1 percent growth this year was beyond reach. In an op-ed published on the websit...</div> <h5><a rel="item-license" href="#license-582968022014-08-14T09:54:02.097-06:00" id="#license-2014-08-14T09:54:02.097-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58296802@www.sltrib.com Thu, 14 Aug 2014 09:54:02 MDT Eurozone recovery grinds to halt amid Ukraine fear http://www.sltrib.com/sltrib/money/58296687-79/percent-quarter-economy-ukraine.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58296687-79/percent-quarter-economy-ukraine.html.csp">Eurozone recovery grinds to halt amid Ukraine fear</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="2014-08-14T09:14:01.633-06:00">Updated Aug 14, 2014 09:14AM MDT</span></h5> <div class ="entry-content">Frankfurt, Germany • Well, that didn’t last long. After four quarters of meager growth, the fragile economic recovery in the 18-country eurozone creaked to a halt in the second quarter. Growth was zero. After only 0.2 percent in the first quarter. Now who will get out and push? The European Central Bank, with a further monetary stimulus? Or governments in France and Italy, which have dragged their heels in making their economies more business-friendly? Either or both could help. Especially if th...</div> <h5><a rel="item-license" href="#license-582966872014-08-14T09:14:01.633-06:00" id="#license-2014-08-14T09:14:01.633-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58296687@www.sltrib.com Thu, 14 Aug 2014 09:14:01 MDT Cisco to lay off 6,000 workers around the world http://www.sltrib.com/sltrib/money/58293943-79/percent-company-workers-6000.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58293943-79/percent-company-workers-6000.html.csp">Cisco to lay off 6,000 workers around the world</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-13T16:21:02.35-06:00">Updated Aug 13, 2014 04:21PM MDT</span></h5> <div class ="entry-content">NEW YORK • Cisco said Wednesday it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring. The company, which makes routers, switches and software, said the layoffs will affect workers in operations around the world. The announcement was made during a conference call discussing its fiscal fourth-quarter earnings. The San Jose, Calif.-based company reported a 1 percent decline in profit, to $2.25 billion, as revenue dipped to $12.36 billion from $12.42 billion...</div> <h5><a rel="item-license" href="#license-582939432014-08-13T16:21:02.35-06:00" id="#license-2014-08-13T16:21:02.35-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58293943@www.sltrib.com Wed, 13 Aug 2014 16:21:02 MDT Macy’s quarterly profit falls short; sales outlook cut http://www.sltrib.com/sltrib/money/58292339-79/macy-percent-quarter-sales.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58292339-79/macy-percent-quarter-sales.html.csp">Macy’s quarterly profit falls short; sales outlook cut</a></h4> <span class="author vcard"><span class="fn">By ANNE D’INNOCENZIO</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-08-13T15:51:45.696-06:00">Updated Aug 13, 2014 03:51PM MDT</span></h5> <div class ="entry-content">New York • Macy’s Inc. reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year. But the department store chain cut its full-year outlook for a key sales measure, saying Wednesday it couldn’t make up the sales shortfall from the first quarter, when winter storms kept shoppers at home. Shares of Macy’s tumbled nearly 5 percent, or $2.83, to $56.93 in trading Wednesday. Macy’s, a standout among its peers throughout the economic rec...</div> <h5><a rel="item-license" href="#license-582923392014-08-13T15:51:45.696-06:00" id="#license-2014-08-13T15:51:45.696-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58292339@www.sltrib.com Wed, 13 Aug 2014 15:51:45 MDT Myriad’s profits slip but revenues gain ground http://www.sltrib.com/sltrib/money/58292768-79/revenues-million-myriad-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58292768-79/revenues-million-myriad-quarter.html.csp">Myriad’s profits slip but revenues gain ground</a></h4> <span class="author source-org vcard"><span class="org fn">The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-08-13T13:31:41.629-06:00">Updated Aug 13, 2014 01:31PM MDT</span></h5> <div class ="entry-content">Revenues increased but earnings decreased in the fourth quarter for Salt Lake City-based Myriad Genetics, Inc. The molecular-diagnostic company, which discovers and commercializes tests assessing a person’s risk of developing a disease, had a net quarterly income of $37.1 million in the quarter ending June 30, down from $44.1 million a year earlier. That equates to 48 cents per share. Earnings were based on an 8.4 percent increase in revenues, from $174 million to $189. “Myriad had an outstand...</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> 58292768@www.sltrib.com Wed, 13 Aug 2014 13:31:41 MDT