Business Briefs - The Salt Lake Tribune

Business news briefs

Thu, 23 May 2013 18:51:03 MDT

Business news briefs

staff And News Services

Published May 23, 2013 06:51PM MDT

Gap’s 1st-quarter profits up 43% After years of struggling, Gap is back in style. Gap Inc., which owns the Gap, Old Navy and Banana Republic clothing chains, reported a 43 percent increase in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early last year. The Gap also reiterated its full-year earnings outlook. Japan gyrations show vulnerability Japan’s financial markets fluctuated wildly Thursday, underscoring the shakin...

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Business news briefs

Wed, 22 May 2013 18:16:03 MDT

Business news briefs

staff And News Services

Published May 22, 2013 06:16PM MDT

Walmart hires new chief image maker To continue burnishing its image, Walmart has replaced a former Clinton White House aide with a former Bush staff member. It said Dan Bartlett, an adviser to President George W. Bush, will be its new executive over corporate affairs. He succeeds Leslie Dach, who played a role in reinventing Walmart’s image in the face of attacks by labor groups and others during his seven-year tenure. HP 2Q earnings top expectations Hewlett-Packard’s recovery efforts got...

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Business news briefs

Tue, 21 May 2013 18:29:02 MDT

Business news briefs

staff And News Services

Published May 21, 2013 06:29PM MDT

Best Buy reports first-quarter loss Best Buy Co. reported a loss of $81 million, or 24 cents per share, for its fiscal first quarter as it sold its stake in Best Buy Europe and worked on a turnaround plan that included cutting costs and closing some stores. Revenue fell nearly 10 percent, to $9.38 billion. Best Buy has been working on a turnaround plan as it faces increased competition from online retailers and discount stores. Home Depot sees rise in 1Q profit Despite a chilly and wet spri...

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Business news briefs

Mon, 20 May 2013 18:03:02 MDT

Business news briefs

staff And News Services

Published May 20, 2013 06:03PM MDT

Food ordering startups to combine forces Online food ordering startup GrubHub is merging with rival Seamless, creating a combined network of 20,000 local takeout restaurants in 500 cities. The two connect diners to restaurants online that offer takeout and delivery, taking a cut of transactions. United restarts 787 flights after grounding United Airlines put its 787 back in the air on Monday, with the airline and Boeing hoping to put the plane’s four-month grounding behind them. The Hou...

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Business news briefs

Fri, 17 May 2013 18:20:02 MDT

Business news briefs

staff And News Services

Published May 17, 2013 06:20PM MDT

Gauge of economy shows some strength A measure of the U.S. economy’s future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. The Conference Board said its index of leading indicators increased 0.6 percent last month to a reading of 95. The index is intended to signal economic conditions three to six months out. Former Tuesday Morning CEO sues The former CEO of Tuesday Morning has filed a discrimination lawsuit against the discount...

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Business news briefs

Thu, 16 May 2013 18:21:02 MDT

Business news briefs

staff And News Services

Published May 16, 2013 06:21PM MDT

Young Automotive expands in Layton The Young Automotive Group has expanded its presence on Layton’s Main St. with the purchase of Pete Page Auto Sales and Car Wash at 500 N. Main. The office structure will remain, housing OZ Marketing — Young’s in-house marketing agency. The car wash will be bulldozed for parking and storage. The car lot will be used by Young Buick GMC, located north of the property. Canyons Resort gets tech award Canyons Resort received an award from the National Ski Are...

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Business news briefs

Wed, 15 May 2013 17:33:03 MDT

Business news briefs

staff And News Services

Published May 15, 2013 05:33PM MDT

U. of Phoenix sets leaders workshop The University of Phoenix will host a free “Transformational Leadership Workshop” Thursday evening, offering resources to strengthen an individual’s skills and information that can help organizations survive. The workshop, from 6 to 8:30 p.m., is at 5373 S. Green Street, Room 105, Salt Lake City. For information, go to www.phoenix.edu/startleading. Cisco’s 3Q profit takes big jump Cisco said its net income rose 14 percent in its third quarter, and report...

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Business news briefs

Wed, 15 May 2013 10:01:34 MDT

Business news briefs

staff And News Services

Published May 15, 2013 10:01AM MDT

Jolie’s news boosts Myriad Gentics Shares of Utah-based cancer test developer Myriad Genetics rose 4 percent in the wake of reports that actress Angelina Jolie had a double mastectomy after learning she was at high risk for breast cancer. Myriad offers a test aimed at determining a woman’s risk of getting hereditary breast or ovarian cancer by looking for defective genes. Boeing resumes 787 deliveries Boeing restarted deliveries of 787s on Tuesday after a four-month halt while it dealt wi...

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Business news briefs

Mon, 13 May 2013 23:33:26 MDT

Business news briefs

staff And News Services

Published May 13, 2013 11:33PM MDT

Retail sales rise in April on cars, clothing Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring. Spending rose despite higher Social Security taxes that have cut into paychecks this year. Breakthroughin mobile speeds for Samsung Samsung Electronics said it has ma...

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Business news briefs

Fri, 10 May 2013 21:39:21 MDT

Business news briefs

staff And News Services

Published May 10, 2013 09:39PM MDT

Two attorneys set up new firm Attorneys David York and Andrew Howell have formed the firm of York Howell LLC, with offices at 6405 S. 3000 East, Suite 150 in Cottonwood Heights. They also are licensed to practice in Texas, Arizona, Idaho, Wyoming, Alaska and New York, and will focus on tax and estate planning, among other areas. Both were previously with Callister Nebeker & McCullough. Burrito franchise coming to Utah Tavistock Restaurants has signed on a local franchisee for its fast-casua...

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Business news briefs

Thu, 09 May 2013 17:52:02 MDT

Business news briefs

staff And News Services

Published May 9, 2013 05:52PM MDT

Report: Microsoft interested in Nook Barnes & Noble shares skyrocketed after a report said Microsoft was offering $1 billion for the digital assets of the bookseller’s e-reader business. Investors cheered signs there might be a deal for the digital arm of Nook Media. The report appeared on the technology blog TechCrunch, which cited internal Microsoft documents. Record profit signals healthier Fannie Mae Fannie Mae said something Thursday that would have been unthinkable a few years ago: I...

Business news briefs

Wed, 08 May 2013 18:48:03 MDT

Business news briefs

staff And News Services

Published May 8, 2013 06:48PM MDT

Toyota profits bounce back A leaner Toyota Motor roared back to health in its fourth quarter as a weaker yen and brisk sales in North America tripled its net income from a year earlier. The results, Toyota’s strongest in five years, offered the latest evidence the automaker is shaking off the effects of some of the biggest crises of its 75-year history. Freddie Mac posts big 1Q profit Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing mar...

Business news briefs

Tue, 07 May 2013 17:58:02 MDT

Business news briefs

staff And News Services

Published May 7, 2013 05:58PM MDT

Appeals court kills union poster rule The U.S. Court of Appeals for the District of Columbia on Tuesday struck down a federal rule that would have required millions of businesses to put up posters informing workers of their right to form a union. The court said the National Labor Relations Board violated employers’ free speech rights in trying to force them to display the posters. Unions had hoped the posters would boost falling membership. U.S. job postings fell in March Employers posted f...

Business news briefs

Mon, 06 May 2013 17:24:02 MDT

Business news briefs

staff And News Services

Published May 6, 2013 05:24PM MDT

U.S. casino revenue up nearly 5 percent According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. It marked the second-highest total ever, second only to 2007 when casinos took in $37.5 billion. Adobe shifts to subscriptions for software Adobe Systems Inc. is moving to a subscription-based model for the software package it sells to designers, Web developers an...

Business news briefs

Fri, 03 May 2013 21:32:05 MDT

Business news briefs

staff And News Services

Published May 3, 2013 09:32PM MDT

Miller Group makes donations Larry H. Miller Charities contributed $7,500 to YWCA Salt Lake City for children’s intervention and advocacy programs; $3,500 to Art Access, Salt Lake City, for its Integrated Arts in Utah Schools program; $5,000 to Cause for Hope, South Jordan; $500 to the Murray Exchange Club; $7,500 to the Boys & Girls Clubs of Brigham City; $4,000 to Two Rivers High School, Ogden; $5,000 to Westmore Elementary, Orem; and $5,000 to Mountainlands Health Centers, Provo. New McDo...