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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 07, 2017
Page
10
Home Depot, the world’s largest home improvement retailer, plans up to 120 billion dollars in annual sales and stock buybacks up to 15 billion. The Atlanta company will boost supply chain and customer experience investments as it expects 2020 sales to reach about 119.8 billion with 4.5 to 6 percent annual growth.
Iowa City restaurant Devotay will be sold to Mark Paterno on Jan 1, preserving the name and staff. The Frieses opened Devotay in 1996 and will keep its tapas and locally sourced ethos with chef Daniel Knowles, sous chef Morgan Weiss, and manager Raleigh Yoder remaining. Devon Friese now runs the bar program as the sale finalizes after more than two years of negotiation.
Airlines forecast 51 million passengers on U.S. airlines during a 21 day holiday period, up 3.5 percent from last year. North American carriers projected to earn about 16.4 billion in profit next year amid low fares and strong demand, with costs and regulatory hurdles seen as key risks.
Health Affairs reports U S health care spending reached 3.38 trillion in 2016 with out-of-pocket costs up 3.9 percent the fastest growth since 2007. Expansion of ACA coverage helped slow overall growth while prescription drug costs declined after hepatitis C treatment costs eased.
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