Utah Companies - The Salt Lake Tribune

EnergySolutions: Acquisition by ECP completed

Fri, 24 May 2013 17:16:02 MDT

EnergySolutions: Acquisition by ECP completed

by Steven Oberbeck The Salt Lake Tribune

Published May 24, 2013 05:16PM MDT

EnergySolutions Inc., the Salt Lake City-based nuclear waste company, said its acquisition by the private equity firm Energy Capital Partners was completed Friday. As a result, EnergySolutions said it notified the New York Stock Exchange it was withdrawing its common stock from listing. In a letter to the company’s employees, CEO David Lockwood said EnergySolutions was fortunate to have found a strong financial partner to help grow its business in the years ahead. “In addition to purchasing all ...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Zions’ chairman defeats challenge to his leadership

Fri, 24 May 2013 17:10:03 MDT

Zions’ chairman defeats challenge to his leadership

by Paul Beebe The Salt Lake Tribune

Published May 24, 2013 05:10PM MDT

Zions Bancorp’s Harris Simmons on Friday easily beat another proposal to strip the role of chairman from him, when shareholders voted by a margin of two to one to reject the idea. Just 34 percent of the votes cast during the regional bank’s annual shareholder meeting favored activist shareholder Gerald Armstrong’s second proposal in three years to cleave the role from Simmons’ other duties of president and chief executive officer. Armstrong first proposed splitting the roles at Zions’ 2010 annua...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Television ratings: KUTV-Channel 2 wins big in late news — again

Fri, 24 May 2013 15:21:59 MDT

Television ratings: KUTV-Channel 2 wins big in late news — again

by Scott D. Pierce The Salt Lake Tribune

Published May 24, 2013 03:21PM MDT

The headline for the local TV news ratings is beginning to look familiar — KUTV scores a big victory in the late-news ratings during the May sweeps. That’s 10 undisputed victories in a row for Channel 2 — it’s 11 if you count November 2010, when KUTV and KSL finished in a virtual tie. And, again, it wasn’t close. KUTV scored an 11.3 rating/22 share; KSL a 6.9/14; KSTU-Channel 13 a 5.4/10; and KTVX-Channel 4 a 3.4/7. The scores are based on live numbers as well as same-day DVR viewing for the Mon...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

At quiet Salt Lake shareholder meeting, Goldman works on its image

Thu, 23 May 2013 22:22:49 MDT

At quiet Salt Lake shareholder meeting, Goldman works on its image

by Paul Beebe The Salt Lake Tribune

Published May 23, 2013 10:22PM MDT

In an otherwise routine shareholder meeting in Salt Lake City, Goldman Sachs on Thursday released a report detailing actions the Wall Street firm has taken to improve its business practices after a series of embarrassing missteps that stained its reputation in the aftermath of the financial crisis. CEO Lloyd Blankfein announced publication of the report, which makes 39 recommendations for change, covering client service, financial products it sells and employee incentives. The changes were impl...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

3 Utah companies named to Fortune Inner City 100 list

Thu, 23 May 2013 07:26:32 MDT

3 Utah companies named to Fortune Inner City 100 list

by Steven Oberbeck The Salt Lake Tribune

Published May 23, 2013 07:26AM MDT

Three Salt Lake City-area companies have been named to the 2013 Inner City 100, a list of the fastest-growing companies in the country that have operations in central business districts. The list, put together by Fortune magazine and the Initiative for a Competitive Inner City, recognizes successful companies and their CEOs as role models for entrepreneurship, innovative business practices and job creation in the nation’s urban communities. Salt Lake-based Neutron Interactive is No. 5 on the li...

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Goldman classes a big boost for Utah small business

Wed, 22 May 2013 18:23:02 MDT

Goldman classes a big boost for Utah small business

by Paul Beebe The Salt Lake Tribune

Published May 22, 2013 06:23PM MDT

It took just 11 sessions of intense education for Frank Dsouza to feel on top of the world. Dsouza was one of 33 Utah small-business owners in the first class to graduate Wednesday from Goldman Sachs’ 10,000 Small Businesses program, an educational initiative that aims to create jobs and spur growth in Utah and elsewhere in the U.S. The ceremony, attended by Lloyd Blankfein, CEO of the Wall Street banking giant, was held at the ornate Union Pacific Depot in The Gateway. “One of the things they m...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Utah’s SkyWest banks on 40 new jets, $40B deal

Wed, 22 May 2013 07:05:15 MDT

Utah’s SkyWest banks on 40 new jets, $40B deal

by Steven Oberbeck The Salt Lake Tribune

Published May 22, 2013 07:05AM MDT

SkyWest Inc., the parent company of St. George-based SkyWest Airlines, has taken a major step to secure its long-term future — agreeing to buy 40 new 76-passenger regional jets for upward of $4 billion. The jets will be flown under the United Express banner as part of a new partnership agreement that will run for the next 12 years, said Chip Childs, SkyWest Airlines’ president and COO. SkyWest flies 183 aircraft for United, which vary in size from the Brasilia 120 that seats 30 passengers to th...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Utah’s Solera Network accepts buyout from Silicon Valley firm

Tue, 21 May 2013 21:49:13 MDT

Utah’s Solera Network accepts buyout from Silicon Valley firm

by Paul Beebe The Salt Lake Tribune

Published May 21, 2013 09:49PM MDT

A Silicon Valley Web security firm will acquire South Jordan’s Solera Networks in a deal that will add jobs in the Salt Lake Valley. Blue Coat Systems of Sunnyvale, Calif., is buying Solera, a fast-growing company that makes security products for computer networks. Terms weren’t disclosed, but the deal is expected to close June 10, Solera CEO Steve Shillingford said Tuesday. Solera sells a software “camera” that records and analyzes attacks by malware and hackers intent on damaging computer netw...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

KUED GM is stepping down after 3 years

Tue, 21 May 2013 07:11:52 MDT

KUED GM is stepping down after 3 years

by Scott D. Pierce The Salt Lake Tribune

Published May 21, 2013 07:11AM MDT

KUED General Manager Michael Dunn has announced he’s stepping down and returning to the private sector. After three years at Channel 7, he’s accepted a position as chief marketing officer of ski boot and running shoe manufacturer Surefoot in Park City. Dunn will leave the station in mid-June. KUED plans a national search for his replacement.

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Goldman, Zions take Salt Lake City stage this week

Tue, 21 May 2013 07:11:33 MDT

Goldman, Zions take Salt Lake City stage this week

by Paul Beebe The Salt Lake Tribune

Published May 21, 2013 07:11AM MDT

When it comes to local news about banking, it’s not likely to get more rousing than what happens in Salt Lake City later this week. In a first on Thursday, Goldman Sachs, the giant New York investment bank, beginning at 9:30 a.m. will hold its annual shareholder meeting at its offices at 222 S. Main St. Leading the show will be Chairman and CEO Lloyd Blankfein, one of the most powerful — and highly paid — bankers on Wall Street. On Friday beginning at 1 p.m., Zions Bancorp will stage its annual...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

XanGo co-founder sues partners over alleged misuse of funds

Mon, 20 May 2013 23:51:47 MDT

XanGo co-founder sues partners over alleged misuse of funds

by Jennifer Dobner The Salt Lake Tribune

Published May 20, 2013 11:51PM MDT

A co-founder of Utah mangosteen juice marketer XanGo is suing his business partners, claiming they mismanaged company assets for their personal benefit, spending millions on vacations, luxury items and gifts for family and friends. They counter that the lawsuit is nothing more than a bid to direct attention away from his poor performance, which has prompted an effort to cut ties with him. The 38-page civil suit, filed May 16 by Bryan B. Davis in Salt Lake City’s U.S. District Court, also conten...

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At Utah’s CHG, big BBQ is just part of the fun

Mon, 20 May 2013 23:51:47 MDT

At Utah’s CHG, big BBQ is just part of the fun

the Salt Lake Tribune

Published May 20, 2013 11:51PM MDT

CHG Healthcare Services on Monday demonstrated again why it’s one of the best places in the U.S. to work. The Holladay-based physician staffing company staged a come-one-come-all outdoor barbecue for its 844 employees. (The company has more than 600 workers in offices outside Utah.) Earlier this year, Fortune magazine put CHG at No. 3 on its annual 100 Best Companies to Work For list. The company moved up six places from No. 9 last year because of the energy it expends to communicate with its ...

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Tradewinds — Companies on the go, people moving up

Fri, 17 May 2013 07:12:02 MDT

Tradewinds — Companies on the go, people moving up

the Salt Lake Tribune

Published May 17, 2013 07:12AM MDT

The Salt Lake City law firm of Jones Waldo has elected Adam T. Mow and Travis Marc Wilson as its newest shareholders. Mow, a graduate of the University of Utah’s S.J. Quinney College of Law, has been practicing construction law in the real estate department. Wilson has practiced business and real estate law at Jones Waldo since he graduated from Creighton University School of Law in 2003. The National Association of Credit Management, Intermountain Business Credit Services, announced that cred...

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

ATK to acquire ammunition maker Caliber Co. to complement munitions efforts

Mon, 13 May 2013 23:33:26 MDT

ATK to acquire ammunition maker Caliber Co. to complement munitions efforts

The Salt Lake Tribune

Published May 13, 2013 11:33PM MDT

ATK said it has entered into an agreement to acquire Caliber Co., the parent company of Savage Sports Corp., one of the world’s largest manufacturers of hunting rifles and shotguns. The purchase would expand ATK’s portfolio of munitions-related operations of commercial and security ammunition. The transaction is subject to regulatory approvals and conditions, with closing anticipated by the end of June. Under the terms of the transaction, ATK will pay $315 million in cash, which it will finance ...

On top for 20 years, Ivory builds more than homes

Mon, 13 May 2013 06:10:25 MDT

On top for 20 years, Ivory builds more than homes

by Paul Beebe The Salt Lake Tribune

Published May 13, 2013 06:10AM MDT

In 2005, when most builders were happily constructing homes and raking in revenue, Clark Ivory saw an unsustainable real estate bubble building along the Wasatch Front and in St. George. Ivory, CEO of a namesake company that has been Utah’s biggest homebuilder for a quarter-century, was so concerned that he drafted an internal memo outlining which builders would fail when the market cooled. Without naming names, he singled out those who behaved as if there was no end to the white-hot market, car...

Utah grocers in home stretch of March of Dimes campaign

Sat, 11 May 2013 23:51:24 MDT

Utah grocers in home stretch of March of Dimes campaign

the Salt Lake Tribune

Published May 11, 2013 11:51PM MDT

By the close of business Monday, Macey’s, Fresh Market, Dan’s, Lin’s and Dick’s Markets hope to raise $44,000 for the March of Dimes to help the one-in-nine babies born too soon each year in Utah. Store clerks have been selling cutouts at checkout stands, asking customers to sign their name or the name of a baby they love, which in turn will be used to create an in-store display. Cutouts may be purchased for $1 or more to help support March of Dimes’ prenatal wellness programs, newborn intensive...

Utah’s EnergySolutions posts big loss before going private

Fri, 10 May 2013 17:44:03 MDT

Utah’s EnergySolutions posts big loss before going private

by Paul Beebe The Salt Lake Tribune

Published May 10, 2013 05:44PM MDT

In what may be its final public disclosure before returning to private hands, EnergySolutions Inc. on Friday posted a first-quarter loss 12 times worse than the red ink it reported last year. The Salt Lake City-based nuclear services provider lost $8.2 million, or 9 cents per diluted share, in the quarter ending March 31. A year earlier, its loss was $665,000, or 1 cent per share. The bigger loss came on higher revenue from most of its operating groups. EnergySolutions pulled in $526.2 million i...

EnergySolutions takes another step toward private status

Thu, 09 May 2013 17:50:02 MDT

EnergySolutions takes another step toward private status

the Salt Lake Tribune

Published May 9, 2013 05:50PM MDT

EnergySolutions, Inc. expects to see its stock delisted from the New York Stock Exchange on or about May 24, now that the Salt Lake City company’s merger with Energy Capital Partners II LLC has been approved by the U.S. Nuclear Regulatory Commission. Listed since 2007 as ES, the nuclear waste company already has received shareholder approval for the move to private hands, as well as the blessing of authorities in Utah and the other states where it has operations. The company owns and operates a...

SkyWest 1Q profit meager but still exceeds predictions

Wed, 08 May 2013 09:46:49 MDT

SkyWest 1Q profit meager but still exceeds predictions

by Paul Beebe The Salt Lake Tribune

Published May 8, 2013 09:46AM MDT

SkyWest Inc. on Wednesday reported a small first-quarter profit that disappointed the Utah-based regional airline but still exceeded the expectations of securities analysts. SkyWest earned $3.2 million, or 6 cents per diluted share, in the three months ending Dec. 31. A year ago, it lost $700,000, or 1 cent per share. Analysts were looking for 2 cents per share this quarter. “We had planned to achieve improved financial results for the quarter just ended over the same period last year. However,...

Tradewinds — Companies on the go, people on the move

Tue, 07 May 2013 21:01:37 MDT

Tradewinds — Companies on the go, people on the move

the Salt Lake Tribune

Published May 7, 2013 09:01PM MDT

Valley Mental Health has added three members to its management team. Travis H. Jackson was hired as business development director, and Gwen Fonarow, a certified public accountant, as chief financial officer. Laura M. Wall is the new foundation director of the Valley Foundation, the fund-raising arm of Valley Mental Health, and will direct public relations and marketing. BHB Engineers, a Utah-based structural engineering firm, has announced the promotion of Brett Goodman to associate. He joine...