QUARTER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/QUARTER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) 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 This material may not be published, broadcast, rewritten or redistributed.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 Deere takes a hit as farm economy weakens http://www.sltrib.com/sltrib/money/58292686-79/percent-sales-equipment-deere.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58292686-79/percent-sales-equipment-deere.html.csp">Deere takes a hit as farm economy weakens</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-13T11:17:02.196-06:00">Updated Aug 13, 2014 11:17AM MDT</span></h5> <div class ="entry-content">Moline, Ill. • Deere’s profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production. Chairman and CEO Samuel Allen said Wednesday the production cuts will production “in line with demand for our agricultural products.” With commodity prices falling, the U.S. Department of Agriculture in February predicted that farm income in 2014 would sink to levels not seen in four years. That is cutting into the spending p...</div> <h5><a rel="item-license" href="#license-582926862014-08-13T11:17:02.196-06:00" id="#license-2014-08-13T11:17:02.196-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58292686@www.sltrib.com Wed, 13 Aug 2014 11:17:02 MDT Hong Kong’s economy slows as tourists spend less http://www.sltrib.com/sltrib/money/58284475-79/percent-hong-kong-economy.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58284475-79/percent-hong-kong-economy.html.csp">Hong Kong’s economy slows as tourists spend less</a></h4> <span class="author vcard"><span class="fn">By Jill Mao</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-11T10:48:02.523-06:00">Updated Aug 11, 2014 10:48AM MDT</span></h5> <div class ="entry-content">Hong Kong — Hong Kong’s economic growth slowed in the second quarter as tourist spending on jewelry and watches plunged, underlining the city’s reliance on Chinese visitors. Expansion from a year ago was weaker than in the first three months, with a bigger slowdown seen in growth from the previous quarter, Hong Kong Financial Secretary John Tsang wrote Sunday on his government blog. He didn’t provide numbers, which will be released Aug. 15. Retail sales in Hong Kong have fallen for five straight...</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> 58284475@www.sltrib.com Mon, 11 Aug 2014 10:48:02 MDT U.S. productivity recovers after steep 1Q fall http://www.sltrib.com/sltrib/money/58275907-79/percent-productivity-labor-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58275907-79/percent-productivity-labor-quarter.html.csp">U.S. productivity recovers after steep 1Q fall</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="2014-08-08T10:55:31.428-06:00">Updated Aug 8, 2014 10:55AM MDT</span></h5> <div class ="entry-content">U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures. The Labor Department said Friday that productivity increased 2.5 percent at a seasonally adjusted annual rate, after plummeting 4.5 percent in the first quarter. That was the steepest drop in 31 years, and reflected a sharp 2.1 percent contraction in the economy. Economists blamed most of that shrinkage on temporary factors, such as harsh weather and a cu...</div> <h5><a rel="item-license" href="#license-582759072014-08-08T10:55:31.428-06:00" id="#license-2014-08-08T10:55:31.428-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58275907@www.sltrib.com Fri, 08 Aug 2014 10:55:31 MDT Fannie, Freddie post profits in 2Q; pay dividends http://www.sltrib.com/sltrib/money/58271551-79/freddie-billion-fannie-government.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58271551-79/freddie-billion-fannie-government.html.csp">Fannie, Freddie post profits in 2Q; pay dividends</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="2014-08-07T10:02:06.987-06:00">Updated Aug 7, 2014 10:02AM MDT</span></h5> <div class ="entry-content">Washington • Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008. Fannie Mae reported Thursday that it earned $3.7 billion in the second quarter. Washington-based Fannie will pay a dividend of $3.7 billion to the U.S. Treasury next month. With its previous payme...</div> <h5><a rel="item-license" href="#license-582715512014-08-07T10:02:06.987-06:00" id="#license-2014-08-07T10:02:06.987-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58271551@www.sltrib.com Thu, 07 Aug 2014 10:02:06 MDT Chrysler 2Q profit up 22 pct. on rising U.S. sales http://www.sltrib.com/sltrib/money/58267558-79/chrysler-percent-fiat-sales.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58267558-79/chrysler-percent-fiat-sales.html.csp">Chrysler 2Q profit up 22 pct. on rising U.S. sales</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-08-06T11:12:02.258-06:00">Updated Aug 6, 2014 11:12AM MDT</span></h5> <div class ="entry-content">Detroit • Chrysler Group’s second-quarter net profit rose 22 percent, fueled by rising sales in the U.S. The company on Wednesday reported that it made $619 million in the April-through-June quarter, compared with $507 million a year ago. Revenue rose 14 percent to $20.5 billion. Chrysler says its worldwide sales grew 12 percent in the quarter to 723,000 vehicles, with most of the increase in the U.S. Retail sales in the U.S. rose 16 percent, largely because of gains by the Jeep Grand Cherokee a...</div> <h5><a rel="item-license" href="#license-582675582014-08-06T11:12:02.258-06:00" id="#license-2014-08-06T11:12:02.258-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58267558@www.sltrib.com Wed, 06 Aug 2014 11:12:02 MDT U.S. trade gap narrows to lowest level in 5 months http://www.sltrib.com/sltrib/money/58267379-79/trade-billion-deficit-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58267379-79/trade-billion-deficit-percent.html.csp">U.S. trade gap narrows to lowest level in 5 months</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="2014-08-06T10:23:01.71-06:00">Updated Aug 6, 2014 10:23AM MDT</span></h5> <div class ="entry-content">Washington • The U.S. trade deficit fell in June to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars. The trade deficit fell 7 percent in June to a seasonally adjusted $41.5 billion, from $44.7 billion in May, the Commerce Department said Wednesday. Exports rose 0.1 percent to $195.9 billion, a record high. Imports fell 1.2 percent, the most in a year, to $237.4 billion. Imports of petroleum products fell, cutting the trade defi...</div> <h5><a rel="item-license" href="#license-582673792014-08-06T10:23:01.71-06:00" id="#license-2014-08-06T10:23:01.71-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58267379@www.sltrib.com Wed, 06 Aug 2014 10:23:01 MDT