BUSINESS - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/BUSINESS News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Fair Trade brings big sales and a clear conscience http://www.sltrib.com/sltrib/money/58215636-79/trade-fair-says-products.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58215636-79/trade-fair-says-products.html.csp">Fair Trade brings big sales and a clear conscience</a></h4> <span class="author vcard"><span class="fn">By JOYCE M. ROSENBERG</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-23T11:23:02.282-06:00">Updated Jul 23, 2014 11:23AM MDT</span></h5> <div class ="entry-content">New York • Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away. Ninety percent of the coffee the New York-based company sells is Fair Trade — certified as produced by people who are treated and paid well. Being socially responsible pays off for Brooklyn Roasting, which sells to restaurants, food stores and the public through its website. Sales of its Fair Trade coffee, which comes from Mexico, Peru, Indonesia and Ethiopia, have soared from $900,000 in 201...</div> <h5><a rel="item-license" href="#license-582156362014-07-23T11:23:02.282-06:00" id="#license-2014-07-23T11:23:02.282-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58215636@www.sltrib.com Wed, 23 Jul 2014 11:23:02 MDT Report: Women business owners face gender gap http://www.sltrib.com/sltrib/money/58214993-79/women-business-owned-businesses.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58214993-79/women-business-owned-businesses.html.csp">Report: Women business owners face gender gap</a></h4> <span class="author vcard"><span class="fn">By JOYCE M. ROSENBERG</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-23T08:44:02.553-06:00">Updated Jul 23, 2014 08:44AM MDT</span></h5> <div class ="entry-content">New York • Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday. The report by Democratic staffers of the Senate Small Business & Entrepreneurship Committee found that while businesses owned by women account for 30 percent of small companies, they receive only 4.4 percent of the total dollars in conventional small-business loans. That amounts to $1 for every $23 loaned. In terms of...</div> <h5><a rel="item-license" href="#license-582149932014-07-23T08:44:02.553-06:00" id="#license-2014-07-23T08:44:02.553-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58214993@www.sltrib.com Wed, 23 Jul 2014 08:44:02 MDT Nearing retirement, Jeter eyes business prospects http://www.sltrib.com/sltrib/money/58210510-79/jeter-yankees-business-attention.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210510-79/jeter-yankees-business-attention.html.csp">Nearing retirement, Jeter eyes business prospects</a></h4> <span class="author vcard"><span class="fn">By RONALD BLUM</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T20:23:01.565-06:00">Updated Jul 22, 2014 08:23PM MDT</span></h5> <div class ="entry-content">New York • Pedestrians craned their necks as Derek Jeter stood in front of a food truck parked across the street from Central Park. As the New York Yankees captain winds down his baseball life, part of his attention already is turning to his future business career. He announced the launch of Jeter Publishing, a partnership with Simon & Schuster, last November and became a partner and brand development officer of Luvo, a food company encouraging healthy nutrition that also struck an agreement wit...</div> <h5><a rel="item-license" href="#license-582105102014-07-22T20:23:01.565-06:00" id="#license-2014-07-22T20:23:01.565-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210510@www.sltrib.com Tue, 22 Jul 2014 20:23:01 MDT Herbalife’s stock soars after attack by investor http://www.sltrib.com/sltrib/money/58212383-79/herbalife-ackman-company-stock.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58212383-79/herbalife-ackman-company-stock.html.csp">Herbalife’s stock soars after attack by investor</a></h4> <span class="author vcard"><span class="fn">By KEN SWEET</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T20:02:02.304-06:00">Updated Jul 22, 2014 08:02PM MDT</span></h5> <div class ="entry-content">New York • Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company’s stock soaring 25 percent Tuesday. In a three-hour presentation in New York, Ackman’s focused on Herbalife’s “nutrition clubs,” private settings where Herbalife distributors sell the company’s products — such as weight-loss shakes — and recruit new members. Ackman laid out a case that because ...</div> <h5><a rel="item-license" href="#license-582123832014-07-22T20:02:02.304-06:00" id="#license-2014-07-22T20:02:02.304-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58212383@www.sltrib.com Tue, 22 Jul 2014 20:02:02 MDT Judge sets hearing in clash over Tribune-Deseret News deal http://www.sltrib.com/sltrib/news/58207754-78/tribune-news-digital-joa.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58207754-78/tribune-news-digital-joa.html.csp">Judge sets hearing in clash over Tribune-Deseret News deal</a></h4> <span class="author vcard"><span class="fn">By TONY SEMERAD</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-21T20:15:32.226-06:00">Updated Jul 21, 2014 08:15PM MDT</span></h5> <div class ="entry-content">A federal judge will hear arguments in September on whether supporters of The Salt Lake Tribune have a legal basis for suing to halt a revised business arrangement between Utah’s two largest newspapers. On Monday, U.S. District Court Judge Clark Waddoups set a Sept. 8 hearing in the high-profile case to address, in part, whether a group of former Tribune employees has standing to challenge the amended operating agreement between The Tribune and its rival, the LDS Church-owned Deseret News. The ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58207754@www.sltrib.com Mon, 21 Jul 2014 20:15:32 MDT Ackman says he can prove Herbalife is a ‘fraud’ http://www.sltrib.com/sltrib/money/58207739-79/herbalife-ackman-company-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58207739-79/herbalife-ackman-company-percent.html.csp">Ackman says he can prove Herbalife is a ‘fraud’</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-21T17:56:01.87-06:00">Updated Jul 21, 2014 05:56PM MDT</span></h5> <div class ="entry-content">New York • Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a “fraud.” The announcement sent shares of Herbalife down more than 11 percent in trading Monday. Ackman, the head of Pershing Square Capital Management, has been battling Herbalife since 2012, saying that the company is a “pyramid scheme.” He alleges that the direct seller makes most of its money from recruiting new salespeople rather than selling its supplements and...</div> <h5><a rel="item-license" href="#license-582077392014-07-21T17:56:01.87-06:00" id="#license-2014-07-21T17:56:01.87-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58207739@www.sltrib.com Mon, 21 Jul 2014 17:56:01 MDT Migration spotlights Mexican ‘coyote’ smugglers http://www.sltrib.com/sltrib/world/58206230-68/border-business-mexican-smugglers.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58206230-68/border-business-mexican-smugglers.html.csp">Migration spotlights Mexican ‘coyote’ smugglers</a></h4> <span class="author vcard"><span class="fn">By E. EDUARDO CASTILLO and CHRISTOPHER SHERMAN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-21T08:55:02.024-06:00">Updated Jul 21, 2014 08:55AM MDT</span></h5> <div class ="entry-content">Tecun Uman, Guatemala • The man-in-the-know nursed a late-morning beer at a bar near the Suchiate River that separates Guatemala from Mexico, and answered a question about his human smuggling business with a question: “Do you think a coyote is going to say he’s a coyote?” Dressed as a migrant in shorts and sandals but speaking like an entrepreneur, he then described shipments of tens of thousands of dollars in human cargo from the slums of Honduras and highlands of Guatemala to cities across the...</div> <h5><a rel="item-license" href="#license-582062302014-07-21T08:55:02.024-06:00" id="#license-2014-07-21T08:55:02.024-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58206230@www.sltrib.com Mon, 21 Jul 2014 08:55:02 MDT Kentucky town opens filling station to the public http://www.sltrib.com/sltrib/world/58201223-68/gas-somerset-station-prices.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58201223-68/gas-somerset-station-prices.html.csp">Kentucky town opens filling station to the public</a></h4> <span class="author vcard"><span class="fn">By BRUCE SCHREINER</span></span> <span class="source-org vcard"><span class="org fn"> Associated Press</span></span> <h5><span class="updated" title="2014-07-19T11:22:01.817-06:00">Updated Jul 19, 2014 11:22AM MDT</span></h5> <div class ="entry-content">Somerset, Ky. • Somerset’s city hall ventured into the retail gas business Saturday, opening a municipal-run filling station that supporters call a benefit for motorists and critics denounce as a taxpayer-supported swipe at the free market. The Somerset Fuel Center opened to the public selling regular unleaded gas for $3.36 a gallon, a bit lower than some nearby competitors. In the first three hours, about 75 customers fueled up at the no-frills stations, where there are no snacks, no repairs an...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58201223@www.sltrib.com Sat, 19 Jul 2014 11:22:01 MDT Novartis cites momentum in 3 percent profit rise http://www.sltrib.com/sltrib/money/58194141-79/billion-company-novartis-business.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194141-79/billion-company-novartis-business.html.csp">Novartis cites momentum in 3 percent profit rise</a></h4> <span class="author vcard"><span class="fn">By JOHN HEILPRIN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-17T09:07:01.729-06:00">Updated Jul 17, 2014 09:07AM MDT</span></h5> <div class ="entry-content">Geneva • Swiss pharmaceutical company Novartis AG posted a 3 percent rise in second-quarter profits Thursday, reflecting what it described as solid growth and an increased focus on core products. Profits during the April-June quarter rose to $3.28 billion, up from $3.18 billion in the same quarter of 2013, helped by “strong innovation momentum” and rising sales in some of its household brands, the Basel-based company reported. Earlier this year, the company launched a major overhaul of its busin...</div> <h5><a rel="item-license" href="#license-581941412014-07-17T09:07:01.729-06:00" id="#license-2014-07-17T09:07:01.729-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194141@www.sltrib.com Thu, 17 Jul 2014 09:07:01 MDT Dionne: Democrats try to be pro-business populists http://www.sltrib.com/sltrib/opinion/58193681-82/business-democrats-government-party.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58193681-82/business-democrats-government-party.html.csp">Dionne: Democrats try to be pro-business populists</a></h4> <span class="author vcard"><span class="fn">By E.J. Dionne</span></span> <span class="source-org vcard"><span class="org fn"> The Washington Post</span></span> <h5><span class="updated" title="2014-07-17T07:07:55.664-06:00">Updated Jul 17, 2014 07:07AM MDT</span></h5> <div class ="entry-content">WASHINGTON • Here’s the thing to watch in this year’s campaign: Democrats are trying to be populists and pro-business moderates at the same time. The tea party’s success in transforming the Republican Party is making this two-step possible as conservatism’s increasingly ferocious opposition to government creates points of friction with both business and middle-class constituencies. On the one hand: Sen. Elizabeth Warren, D-Mass., traveled to West Virginia on Monday to lift her party’s underdog S...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58193681@www.sltrib.com Thu, 17 Jul 2014 07:07:55 MDT South Salt Lake approves limits on compost storage http://www.sltrib.com/sltrib/news/58191843-78/diamond-tree-business-compost.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58191843-78/diamond-tree-business-compost.html.csp">South Salt Lake approves limits on compost storage</a></h4> <span class="author vcard"><span class="fn">By pamela manson</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-16T22:45:00.939-06:00">Updated Jul 16, 2014 10:45PM MDT</span></h5> <div class ="entry-content">South Salt Lake • A week after firefighters battled two blazes at a mulch plant, the City Council on Wednesday unanimously approved an ordinance that limits the outdoor storage of wood chips and associated materials. The council voted 5-0 for the new requirements, which apply to all businesses in South Salt Lake that store more than 3,600 cubic feet of wood chips or compost at any one time. Under the ordinance, a business can store no more than 510,000 cubic feet of combustible waste material a...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58191843@www.sltrib.com Wed, 16 Jul 2014 22:45:00 MDT Car crashes into American Fork beauty shop http://www.sltrib.com/sltrib/news/58191040-78/american-business-car-crash.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/news/58191040-78/american-business-car-crash.html.csp">Car crashes into American Fork beauty shop</a></h4> <span class="author vcard"><span class="fn">By Bob Mims</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-16T16:41:22.347-06:00">Updated Jul 16, 2014 04:41PM MDT</span></h5> <div class ="entry-content">Public safety dispatchers confirmed that a car crashed through the front glass doors of an American Fork business early Wednesday afternoon. There was no immediate word of serious injuries to either the driver or staff and customers inside the Beautylicious Salon & Supply store at 648 East State Road from the crash, which was reported at 12:12 p.m. The cause of the crash, which left the sedan halfway into the business, was under investigation, but no further details were readily available. The ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58191040@www.sltrib.com Wed, 16 Jul 2014 16:41:22 MDT Dollars for Obama library roll in from NY, Chicago http://www.sltrib.com/sltrib/world/58186676-68/obama-library-chicago-foundation.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/58186676-68/obama-library-chicago-foundation.html.csp">Dollars for Obama library roll in from NY, Chicago</a></h4> <span class="author vcard"><span class="fn">By JOSH LEDERMAN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-15T11:12:01.865-06:00">Updated Jul 15, 2014 11:12AM MDT</span></h5> <div class ="entry-content">Washington • The first major donations to President Barack Obama’s presidential library are rolling in from New York and Chicago, two cities that are competing vigorously to host the future library. Since launching in February, the Barack Obama Foundation has raised at least $850,000 from four major donors, the group said Tuesday. The foundation is voluntarily disclosing donations of more than $200, but only in broad dollar ranges. The nonprofit declined to say how much it has raised in total. T...</div> <h5><a rel="item-license" href="#license-581866762014-07-15T11:12:01.865-06:00" id="#license-2014-07-15T11:12:01.865-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58186676@www.sltrib.com Tue, 15 Jul 2014 11:12:01 MDT Editorial: South Salt Lake must get serious about fire hazard http://www.sltrib.com/sltrib/opinion/58183443-82/business-diamond-lake-pile.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58183443-82/business-diamond-lake-pile.html.csp">Editorial: South Salt Lake must get serious about fire hazard</a></h4> <h5><span class="updated" title="2014-07-15T11:25:12.698-06:00">Updated Jul 15, 2014 11:25AM MDT</span></h5> <div class ="entry-content">What could be more natural, more environmentally friendly, than a compost pile? Little in the way of toxins. Nothing radioactive. An intelligent and sustainable path to reusing old trees, yard waste and the like by recycling them into useful mulch and fertilizer. Tell that to the exhausted firefighters from the South Salt Lake Fire Department. And the many colleagues from 10 other brigades who answered the call at the Diamond Tree Experts’ Green Waste Disposal site twice in the past two weeks. ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58183443@www.sltrib.com Tue, 15 Jul 2014 11:25:12 MDT U.S. companies look overseas for tax-bill relief http://www.sltrib.com/sltrib/money/58183921-79/tax-company-rate-business.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58183921-79/tax-company-rate-business.html.csp">U.S. companies look overseas for tax-bill relief</a></h4> <span class="author vcard"><span class="fn">By TOM MURPHY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-14T16:41:02.141-06:00">Updated Jul 14, 2014 04:41PM MDT</span></h5> <div class ="entry-content">A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue. Generic drugmaker Mylan Inc. said Monday it will become part of a new company organized in the Netherlands in a $5.3 billion deal to acquire some of Abbott Laboratories’ generic-drugs business. The deal is expected to lower Mylan’s tax rate to about 20 percent to 21 percent in the first fu...</div> <h5><a rel="item-license" href="#license-581839212014-07-14T16:41:02.141-06:00" id="#license-2014-07-14T16:41:02.141-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58183921@www.sltrib.com Mon, 14 Jul 2014 16:41:02 MDT Mylan to buy Abbott business line in $5.3B deal http://www.sltrib.com/sltrib/money/58182574-79/mylan-business-deal-abbott.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58182574-79/mylan-business-deal-abbott.html.csp">Mylan to buy Abbott business line in $5.3B deal</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-14T12:45:55.596-06:00">Updated Jul 14, 2014 12:45PM MDT</span></h5> <div class ="entry-content">Pittsburgh • Generic drugmaker Mylan is buying Abbott Laboratories’ generic-drugs business in developed markets for stock valued at about $5.3 billion. Mylan said Monday the deal will diversify and expand its business outside the U.S. The combined company will be organized in the Netherlands, which will help reduce its tax expenses. The company will keep its headquarters near Pittsburgh. The deal is expected to lower Mylan’s tax rate to approximately 20 percent to 21 percent in the first full ye...</div> <h5><a rel="item-license" href="#license-581825742014-07-14T12:45:55.596-06:00" id="#license-2014-07-14T12:45:55.596-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58182574@www.sltrib.com Mon, 14 Jul 2014 12:45:55 MDT Samsung suspends China supplier over child labor http://www.sltrib.com/sltrib/money/58182542-79/labor-samsung-child-chinese.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58182542-79/labor-samsung-child-chinese.html.csp">Samsung suspends China supplier over child labor</a></h4> <span class="author vcard"><span class="fn">By YOUKYUNG LEE</span></span> <span class="source-org vcard"><span class="org fn"> The Associated press</span></span> <h5><span class="updated" title="2014-07-14T09:32:01.889-06:00">Updated Jul 14, 2014 09:32AM MDT</span></h5> <div class ="entry-content">Seoul • Samsung Electronics Co. said it has suspended business ties with a Chinese supplier that allegedly hired children. The South Korean company, which is the world’s biggest smartphone maker, said in its blog Monday it had found possible evidence of child labor and illegal hiring at Dongguan Shinyang Electronics Co. Samsung said last week it would urgently look into the Chinese supplier following a New York-based watchdog’s report that it hired at least five children under the age of 16. Chi...</div> <h5><a rel="item-license" href="#license-581825422014-07-14T09:32:01.889-06:00" id="#license-2014-07-14T09:32:01.889-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58182542@www.sltrib.com Mon, 14 Jul 2014 09:32:01 MDT Stocks snap higher on Wall Street; Citigroup up http://www.sltrib.com/sltrib/money/58182451-79/percent-rose-street-wall.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58182451-79/percent-rose-street-wall.html.csp">Stocks snap higher on Wall Street; Citigroup up</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-14T14:20:49.256-06:00">Updated Jul 14, 2014 02:20PM MDT</span></h5> <div class ="entry-content">Stocks are closing sharply higher as the market shakes off its worst weekly performance in three months. Citigroup rose 3 percent after the bank turned in better results than Wall Street expected. The bank also said it had reached a settlement in an investigation into its mortgage securities business. The Dow Jones industrial average rose 111 points, or 0.7 percent, to 17,055 on Monday. The Standard & Poor’s 500 index rose nine points, or 0.5 percent, to 1,977. The Nasdaq composite rose 25 point...</div> <h5><a rel="item-license" href="#license-581824512014-07-14T14:20:49.256-06:00" id="#license-2014-07-14T14:20:49.256-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58182451@www.sltrib.com Mon, 14 Jul 2014 14:20:49 MDT Editorial: LDS commitment to downtown now bearing fruit http://www.sltrib.com/sltrib/opinion/58175045-82/downtown-center-church-commitment.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58175045-82/downtown-center-church-commitment.html.csp">Editorial: LDS commitment to downtown now bearing fruit</a></h4> <h5><span class="updated" title="2014-07-13T09:38:01.971-06:00">Updated Jul 13, 2014 09:38AM MDT</span></h5> <div class ="entry-content">Five years ago there wasn’t much to do on Salt Lake City’s Main Street unless you wanted to buy a kilt from Edinburgh Castle. From the giant craters next to Temple Square to the empty storefronts stretching south, the city’s historic central business district looked war-torn. But downtown never lost its support system, including its largest institutional resident, the Church of Jesus Christ of Latter-day Saints. In the middle of the Great Recession — when virtually no one in the country was w...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58175045@www.sltrib.com Sun, 13 Jul 2014 09:38:01 MDT Oreo maker selling cheese, grocery businesses http://www.sltrib.com/sltrib/money/58175345-79/cheese-mondelez-grocery-coffee.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58175345-79/cheese-mondelez-grocery-coffee.html.csp">Oreo maker selling cheese, grocery businesses</a></h4> <span class="author vcard"><span class="fn">Matthew Boyle</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-11T18:11:02.034-06:00">Updated Jul 11, 2014 06:11PM MDT</span></h5> <div class ="entry-content">London - The maker of Oreo cookies is separating its European cheese and grocery business in a move that may lead to a sale or spinoff, according to a person familiar with the matter. The creation by Mondelez International Inc. of a stand-alone unit with about $1.4 billion in sales comes as the company jettisons coffee and focuses on faster-growing snack brands amid pressure from activist investors Ralph Whitworth and Nelson Peltz. The strategy may pave the way for an exit from the cheese and gr...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58175345@www.sltrib.com Fri, 11 Jul 2014 18:11:02 MDT