Business news briefs
U.S. Bank opens
U.S. Bank is operating a branch inside the Walmart at 1200 S. Commerce Way in Brigham City. The opening will be marked with various activities from 9 a.m. to 7 p.m. on Friday. Hours of operation are from 9 a.m. to 7 p.m. Monday through Friday, and 9 a.m. to 5 p.m. Saturdays.
Yahoo ushered in Marissa Mayer as its new CEO with a tepid third-quarter earnings report that still managed to top analyst estimates. Yahoo hired Mayer away from rival Google in mid-July to orchestrate its latest turnaround attempt. Investors applauded the early progress Monday, as Yahoo shares gained 48 cents, or 3 percent, to $16.25 in extended trading.
Younger Americans in their late 30s are now the group most likely to doubt they will be financially secure after retirement, a major shift from three years ago when baby boomers nearing retirement expressed the greatest worry. The Pew Research Center survey reflects the weak economic recovery that began in 2009.
ahead for 2013
Caterpillar Inc., the world's largest maker of construction and mining equipment, forecast sales growth for 2013 that will be the slowest in four years, citing a slowdown in the global economy. It reported its third-quarter net income increased to $1.7 billion, or $2.54 a share, from $1.14 billion, or $1.71, a year earlier. Sales increased to $16.4 billion from $15.7 billion.