Business

By the time it's built out, BDO employee population will grow by 70 percent

BZ 031815 BDO 04-3

By the time the Business Depot Ogden is built out — a milestone officials say should occur...

Business

U.S. 10-year poised to cross market's red line this week

(c) 2018, Bloomberg. Enter the danger zone. Bond markets are signaling the 10-year U.S. Treasury yield may reach 3 percent as early as this week -- a potential watershed for risk appetite across asset classes. A deluge of debt supply and the strengthening momentum of bears feeding off inflation...


Business

Uber CEO's Asia trip underscores its persistent global ambitions

(c) 2018, Bloomberg. Uber Technologies isn’t ready to give up the world. Dara Khosrowshahi, in his first trip to Asia since becoming chief executive officer, made it clear that the ride-hailing company isn’t about to scale back its business to just countries where it already has a strong market...


Business

Sony forms alliance with cabs as Uber steps up Japan presence

(c) 2018, Bloomberg. Sony is jumping into the ride-hailing fray. The Japanese electronics maker plans to form a joint venture with six taxi operators in Japan this spring, according to a statement on Tuesday. The alliance comes as Uber Technologies, the world’s biggest ride-hailing startup, is in...


Business

Preventive treatment for peanut allergies succeeds in study

Peanut Allergy Treatment

The first treatment to help prevent serious allergic reactions to peanuts may be on the way. A company said Tuesday that its daily capsules of peanut flour helped children tolerate nuts in a major study. Millions of children have peanut allergies, and some may have life-threatening reactions if...


Business

Guess chairman cedes day-to-day duties after Upton accusation

(c) 2018, Bloomberg. Guess Inc. Chairman Paul Marciano is relinquishing his day-to-day duties at the company in the wake of sexual-harassment accusations by model Kate Upton and other women. The board and Marciano agreed that he should step away from the business -- without drawing a salary --...


Business

Fed's haste seen making Canada debt a better bet than treasuries

(c) 2018, Bloomberg. Canadian government bonds are outperforming their U.S. counterparts by the most in seven months, an advantage that’s unlikely to disappear soon with the northern central bank in less of a rush to raise interest rates. “There’s way too much optimism priced into the Canadian...


Business

Stored less and shipped more, U.S. oil becomes costly again

(c) 2018, Bloomberg. Dwindling volumes at the biggest U.S. oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again. The price of U.S. benchmark oil has gone above the Middle East marker for the first time in more than a year, data...


Business

Indonesia forgoing billions of dollars in investment, U.S. says

(c) 2018, Bloomberg. Indonesia is forgoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, U.S. Ambassador to Indonesia Joseph Donovan said. As the U.S. tries to arrest a deteriorating trade balance with Indonesia, which last year found...


Business

Airline boom times stoke push by pilots for lost retirement pay

(c) 2018, Bloomberg. Airline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits. Unions at American Airlines and Delta Air Lines are studying ways to reconstitute or replace retirement...


Business

Home Depot gets lift from housing boom, hurricane spending

(c) 2018, Bloomberg. Home Depot sales got another shot in the arm from the U.S. housing boom last quarter, with an extra boost from hurricane-recovery efforts in Puerto Rico and Southern states. A push by Americans to fix up their properties -- using money generated by rising home values -- helped...


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