Business briefs

Chick-fil-A out of marriage debate


ATLANTA — A Georgia-based restaurant chain that drew national attention when its owner reaffirmed his opposition to same-sex marriage says it’s leaving the debate to politicians in the future.

Chick-fil-A issued a statement to that effect Wednesday when asked to comment on a claim earlier in the day that the company had stopped funding organizations that oppose same-sex marriage.

Chicago Alderman Joe Moreno announced the alleged policy change, which he said followed extended negotiations. He said as a result, he would no longer try to block a Chick-fil-A restaurant from opening in his district.

The company declined to comment beyond a statement saying it planned “to leave the policy debate over same-sex marriage to the government and political arena.”

Investors leaving stock mutual funds

WASHINGTON — Investors withdrew money from stock mutual funds for the eighth consecutive week during the period that ended Sept. 12, despite further gains in the stock market. Bond funds attracted the largest amount of new cash for a weeklong period since early April.

It’s more evidence of conservative investing trends dating to 2008, suggesting investors remain anxious about stock volatility and the economy four years after the financial crisis began.

Investors withdrew a net $2.8 billion from U.S. stock funds, the Investment Company Institute said Wednesday. Cash was pulled out in the latest period as the Standard & Poor’s 500 stock index rose 2.3 percent. Investors deposited a net $8.1 billion into bond funds, which have attracted new cash all but one week so far this year.

– Associated Press



Mon, 12/11/2017 - 22:42

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