Stocks rally for second day in a row

U.S. stocks posted their second consecutive day of gains Wednesday, turning the market around after a week’s worth of losses.
After starting out the day lower, the Dow Jones industrial average (INDU) rose 10 points, or 0.1%, to 10,416 the S&P 500 (SPX) inched up 2 points, or 0.2%, to 1,094 and the Nasdaq (COMP) […]

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ASU MBA students tackle state budget

About 40 executive MBA students from the W.P. Carey School of Business at Arizona State University learned from state lawmakers when they participated in a two-day mock budget exercise at the Arizona Capitol.
Students played the roles of legislators and lobbyists as they tried to pass their own mock budget on the Senate floor.
Gov. Jan Brewer, […]

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3M acquires U.K.-based Dailys, maker of protective clothing

3M Co. said Tuesday that it’s acquired Dailys, a British maker of disposable protective clothing used in the workplace.
Dailys, which employs 26 people at its location in Ellesmere Port, England, primarily makes chemical protective coveralls for industrial use.
Financial terms of the deal were not disclosed.
“This acquisition supports our strategic direction by broadening our protective apparel […]

Pending home sales ‘fell off a cliff’

The experts expected home sales to drop once the homebuyer tax credit lapsed at the end of April, but the depth of the decrease was shocking.
According to the National Association of Realtors (NAR), pending home sales fell a whopping 30% in May. Their index, which measures signed sales contracts but not closed sales, plunged […]

U.S. backs expanding broadband

The Obama administration is backing a plan to nearly double the space available on the airwaves for wireless high-speed Internet traffic to keep up with ever-growing demand for video and other cutting-edge applications on laptops and mobile devices.
President Barack Obama on Monday committed the federal government to freeing up an additional 500 megahertz […]

Problem bank list hits 775

The government’s list of troubled banks climbed to its highest level since 1992 in the first quarter, although the pace of growth moderated, according to a government report published Thursday.
The numbers, published as part of a broader survey on the nation’s banking system by the Federal Deposit Insurance Corporation, revealed that the number […]

State Department approves San Antonio as passport-processing center

The San Antonio City Clerk’s Office has been approved to serve as an official U.S. Department of State Passport Acceptance Facility, making it the only municipality in Bexar County to hold this designation.
Currently, the U.S. Postal Service processes Passports for the State Department at a number of San Antonio area post offices. City Clerk Leticia […]

Rocky trims 1Q loss on sales gain

Stronger sales and tighter expense controls helped footwear maker Rocky Brands Inc. halve its loss in the first quarter, the company told investors late Thursday.
The Nelsonville-based boot maker said it lost $560,744, or 10 cents a share, for the first three months of the year, compared with a loss of $1.1 million, or 20 cents […]

Factors influencing corporate location decisions

Top five and bottom five factors influencing corporate decisions on relocation — and where union-related factors fall on the list:
1. Labor costs
2. Highway access
3. Tax exemptions
4. Energy availability and costs
5. Corporate tax rate
11. Low union profile
14. Right to work state
22. Availability of unskilled labor
[…]

Social Security choice: Benefit cuts or tax increases

Social Security provides a majority of the income for about two-thirds of Americans over age 65, but if you’re in your mid-50s or younger, it might be time to make alternative arrangements.
Experts don’t expect Social Security to disappear in the coming decades. But they’re concerned about the benefits that will be available for […]