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  • Congress, President Barack Obama headed to the conservative heartland on Wednesday to promote his plans for bolstering the middle class. Obama left Washington for a two-day trip to Idaho and Kansas to push his message that everyone should stand to gain from an economy that has all but recovered from years in the doldrums. To a crowd of more than 6,000 in a stadium...

  • Congress, President Barack Obama hit the road on Wednesday to promote his plans for lifting up the middle class. Obama headed out for a two-day trip to Idaho and Kansas to push his message that the economy has effectively recovered from years in the doldrums. Republicans called for Obama to be more humble, given that they took control of both chambers of Congress...

  • But Republicans who control of both houses of Congress are in no mood to raise taxes on anyone and were quick to pan Obama's proposal. "This plan that we'll hear about tonight appears to be more about redistribution, with added complexity, and class warfare, directed at job-creating small businesses, than about tax reform," said Republican Senator Orrin Hatch, the...

  • WASHINGTON, Jan 20- President Barack Obama will challenge the Republican-led Congress to back his tax-raising ideas for helping middle-class Americans in a State of the Union speech on Tuesday that will set up a tough debate and may impact the 2016 campaign to replace him. Looking to burnish his legacy with two years left in office, Obama will appear before a...

  • Chobani plans to name a new chief executive in the first half of 2015 and among the candidates to replace company founder Hamdi Ulukaya as CEO is interim president and chief operating officer Kevin Burns, a senior partner at Texas- based TPG with a reputation as a turnaround expert with experience in manufacturing. Ulukaya will remain chairman, Chobani's Chief...

  • Jan 5- Greek yogurt maker Chobani is considering replacing Chief Executive Hamdi Ulukaya with its President and Chief Operating Officer Kevin Burns, the New York Post reported, citing people familiar with the matter. The recall was a result of bad design and layout incorporated during the construction of the company's $450 million Idaho factory and due to a...

  • Nov 12- Monsanto Co said on Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing without oversight in Oregon. Monsanto did not admit liability, but agreed to pay $250,000 to wheat growers' associations, including $100,000 to the...

  • The National Weather Service has issued winter storm warnings and watches for a wide swath of the northern U.S. from northern Idaho to northern Michigan with predictions of more than a foot of snow in many areas and temperatures dipping 20 to 30 degrees below normal. The storm is expected to hamper travel by closing roads with heavy snow and winds and causing...

  • Early snow falls on northern U.S., cold sweeping south Monday, 10 Nov 2014 | 12:07 PM ET

    The National Weather Service has issued winter storm warnings and watches for a wide swath of the northern U.S. from northern Idaho to northern Michigan with predictions of more than a foot of snow in many areas and temperatures dipping 20 to 30 degrees below normal. A cold front associated with the storm will dump rain on the lower Great Lakes, Ohio Valley and as...

  • SAFT ON WEALTH -In praise of the cockroach portfolio Thursday, 30 Oct 2014 | 3:53 PM ET

    Oct 30- Everyone wants to be an eagle in investing and most fail, but the important thing to remember is: everyone can be a cockroach. This is best exemplified, among large long-term investors, by the widespread adaption of the Endowment Model, sometimes called the Yale Model because it was pioneered there with great success by David Swensen. This approach, in...

  • The decision, from the 9th U.S. Circuit Court of Appeals in San Francisco, came one day after the U.S. Supreme Court let stand similar rulings from appeals courts in other parts of the country.

  • Oct 6- Wealthy Americans contributed less of their incomes to charity while low and middle-income residents gave more in the years surrounding the Great Recession, according to a newly released report by The Chronicle of Philanthropy. Idaho, Georgia, Connecticut and Florida also ranked high on the list of increased givers. Utah residents gave the biggest...

  • Ex-Googler leads Softbank invasion of Hollywood Friday, 3 Oct 2014 | 10:33 AM ET
    Nikesh Arora

    Softbank's investment in a Hollywood movie studio represents the coming out party for two new players in the US entertainment industry.

  • Ex-Googler leads Softbank invasion of Hollywood Thursday, 2 Oct 2014 | 7:35 PM ET

    Oct 2- Softbank Corp's investment in a Hollywood movie studio represents the coming out party for two new players in the U.S. entertainment industry-- the Japanese telecommunications company and Nikesh Arora, the former Google Inc executive running a new media and internet company. Two months after unexpectedly decamping from Google for SoftBank, Arora...

  • WASHINGTON, Oct 2- The U.S. Supreme Court is set to decide in a case coming from Idaho whether private medical providers can sue a state in order to raise Medicaid reimbursement rates to deal with rising medical costs. Medicaid is a federal health insurance program for lower-income people that is administered by the states. Idaho's lawyers say that in order to...

  • Phoning 'home': what your mobile may be giving away Sunday, 28 Sep 2014 | 12:50 AM ET

    SINGAPORE, Sept 28- When popular Chinese handset maker Xiaomi Inc admitted that its devices were sending users' personal information back to a server in China, it prompted howls of protest and an investigation by Taiwan's government. The affair has also drawn attention to just how little we know about what happens between our smartphone and the outside world.

  • The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.

  • New data will be key to gauging hog market bubble Monday, 17 Mar 2014 | 11:29 AM ET

    Fund managers and traders have chased hog prices to record highs on fear of a deadly pig virus. But a market reversal could be possible.

  • Micron profit boosted by Elpida buy, chip recovery Wednesday, 8 Jan 2014 | 8:17 AM ET

    Micron reported higher profit in the first quarter, helped by strong sales at its Elpida business and a recovery in chip prices.

  • Idaho to take over big, privately run state prison Friday, 3 Jan 2014 | 12:45 PM ET
    Idaho Gov. C.L. "Butch" Otter

    Idaho's governor says the corrections department will take over operation of the largest privately run prison in the state.