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Business

Fabulous Freddy's Will Employ 110

Fred Smith is returning to his Utah retail roots with the opening late this month of Fabulous Freddy's Car Wash in Sandy.

Iranian Upstream Oil Attracts $24.7 Billion

Iran's upstream oil sector attracted $24.7 billion in the year ended March 20, IRNA quoted National Iranian Oil Company managing director Ahmad Qalehbani as saying.

Hundreds of Fast-food Workers Protest for Higher Wages

A wave of protests and wildcat strikes rippled across the St. Louis region Thursday as fast-food workers took to the streets to demand better pay and working conditions.

Has California Lost Its Competitive Edge?

Is the current weakness in U.S. economic growth revealing an even slower recovery in the Golden State's future?

Minority Businesses Missing at Jobs Summit

Mich. Gov. Rick Snyder recently kicked off a two-day jobs summit at Cobo Center in Detroit. Minority businesses were noticeably absent.

CEO Leaves Portland High-tech Startup CashStar

CashStar co-founder and CEO David Douglas Stone has left the Portland-based high-tech firm, according to the company's website.

Panasonic Loses $6.8 Billion on Slumping Sales

Panasonic Corp. logged a net loss of $6.86 billion for the financial year that ended in March because of poor sales, the company said Friday.

Calif. Cherry Crop Is Light This Year

Growers in San Joaquin County, who are just beginning to pick their earliest-ripening varieties, report an unusually light crop -- perhaps half of what might be considered normal.

USDA: Final Call for 2012 Census of Agriculture

The window to respond to the 2012 Census of Agriculture is officially closing on May 31, the U.S. Department of Agriculture announced. The USDA has received about 2 million completed forms to date.

Orlando Developers to Lose Property Tax Break

Orange County has lost more in property taxes than any other Florida county because of a tax break meant for nonprofit-housing groups but which largely benefited companies that develop low-income apartment complexes.

Nissan Expects 22 Percent Rise in Net Profit for FY 2013

Nissan Motor Co predicted its net profit for the current financial year would rise 22.6 per cent to 420 billion yen (4.42 billion dollars) on strong sales and the depreciation of the Japanese currency, the carmaker said Friday.

Fannie Mae to Write Large Check to U.S. Government

Mortgage giant Fannie Mae saw record profits in the first quarter as home prices rose, allowing it to make a large repayment to the U.S. government for the 2008 bailout.

Revenue Stars Increasingly Rare as Companies Seek Profits

Wall Street is often criticized for paying too much attention to the bottom line, but that focus is hard to fault right now.

Boeing Ups Dreamliner Production Rate

Boeing rolled out the first 787 Dreamliner at its new production rate of seven airplanes per month.

United to Resume Boeing 787 Flights on May 20

The 787s had been grounded because of concerns about smoldering batteries. Ethiopian Airlines was the first to fly a 787 again, on April 27.