Business and Finance news

A day after storms left as many as 200,000 homes and businesses without power, Oncor said its crews and contractors are closing in on restoring power to most customers by late Saturday.
Roughly 25,000 customers in the Dallas-Fort Worth area were without power Friday afternoon, down from 50,000 Friday morning. At the height […]

Outer space is the future of business, according to a report released Tuesday by the Space Foundation, a nonprofit research and education association.
The report said the Space Economy, defined as the full range of economic activities in the course of exploring, understanding and utilizing space, has become the next great frontier for […]

Aqua Hotels & Resorts has opened its third spa, at the Aqua Aloha Surf & Spa in Waikiki.
The 900-square-foot facility, at 444 Kanekapolei St., has two treatment rooms, one for individual services and one for couples or friends.
The condo-hotel chain opened its first spa in 2005 at the Aqua Bamboo & […]

Collegeville, Pa., where Wyeth and GlaxoSmithKline maintain major operations, is seeing its office market expand a tad.
Nolen Group Inc. is constructing a two-story, 14,872-square-foot office building at 399 Arcola Road in the Providence Corporate Center. Rents run $19.50 a square foot for the building, which is slated to be completed during the second […]

U.S. banks hold enough reserve capital to weather financial-market turmoil, and the central bank's interest-rate cuts will promote economic growth, Federal Reserve Governor Randall Kroszner said.
“Although the U.S. banking system will continue to face a challenging environment, it remains in sound overall condition, having entered the period of recent financial turmoil with solid […]

The chief financial officer of Cato Corp. has resigned, effective April 18.
Tom Stoltz will become CFO at an online sports-apparel retailer. A Cato press release doesn't identify the company by name.
John Howe, senior vice president and controller at Cato, will be interim CFO until a replacement is found.
"Tom […]

European retail sales unexpectedly declined in February, led by a slump in Germany, the region's biggest economy.
Retail sales in the euro area dropped 0.5 percent, reversing the previous month's increase, the European Union's statistics office in Luxembourg said today. Economists expected a 0.2 percent gain in sales in February, according to the median […]

Robert Bohannon retired as chairman of Viad Corp Monday with President and CEO Paul B. Dykstra taking over the top board spot Tuesday.
The Phoenix marketing and recreation services firm (NYSE:VVI) had previously announced the succession plans.
Bohannon has headed Viad since 1997.
"Since becoming chairman of the board in 1997, […]