MARKET - The Salt Lake Tribune

New Pars Market includes a restaurant

Mon, 20 May 2013 11:49:02 MDT

New Pars Market includes a restaurant

By Heather May The Salt Lake Tribune

Updated May 20, 2013 11:49AM MDT

Pars Market in Holladay has a new location, a new name and the owners have added a restaurant. Pars Market and Cuisine, now at 4233 S. Highland Drive, serves lunch and dinner. Entrees range from $10-$17 and include beef and chicken kabobs as well as basmati rice dishes served with beef, chicken or lamb. The business still includes a Middle Eastern and Mediterranean market full of items not easily found including avocado, almond and mustard oils, rose preserve, eggplant spreads, sweet lemons, P...

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Dow, S&P shine in 4th week of gains

Fri, 17 May 2013 18:27:02 MDT

Dow, S&P shine in 4th week of gains

REUTERS

Updated May 17, 2013 06:27PM MDT

Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial shares. The indexes have pushed to a series of never-before-seen levels as part of the rally that has lifted equities more than 16 percent for the year so far. In a sign of how far the market has come, the...

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 This material may not be published, broadcast, rewritten or redistributed.

Year after IPO, humbled Facebook still aims big

Fri, 17 May 2013 18:11:02 MDT

Year after IPO, humbled Facebook still aims big

By BARBARA ORTUTAY The Associated Press

Updated May 17, 2013 06:11PM MDT

New York • It was supposed to be our IPO, the people’s public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald’s, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family ties. Then came the IPO, and it flopped. Facebook’s stock finished its first day of trading just 23 cents higher than its $38 IPO price. It hasn’t been that high since. Even amid the h...

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Utah markets share ideas for packing a great picnic

Thu, 16 May 2013 14:07:26 MDT

Utah markets share ideas for packing a great picnic

By Heather May The Salt Lake Tribune

Updated May 16, 2013 02:07PM MDT

Warm weather and picnics go together like fried chicken and potato salad. Whether you’re headed to the park, on a hike or an outdoor concert, it’s important to fill your basket, backpack or cooler with enjoyable food. “Picking items that either need no preparation or can be easily prepped at home and packaged up … is what makes for a stress-free picnic,” said Andy Fitzgerrell, specialty buyer at the Whole Foods store in Sugar House, one of six businesses that have suggested some picnic-to-go me...

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

Big banks weaken rule on derivatives, alarming critics

Thu, 16 May 2013 18:32:02 MDT

Big banks weaken rule on derivatives, alarming critics

By MARCY GORDON The Associated Press

Updated May 16, 2013 06:32PM MDT

Washington • A rule intended to loosen the largest U.S. banks’ control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators. Critics say the changes will allow major Wall Street banks to continue to dominate the $700 trillion derivatives market. The Commodity Futures Trading Commission approved the rule on a 4-1 vote. Commissioner Jill Sommers cast the dissenting vote. Under the rule, investment firms would be required to request pri...

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Food briefs

Wed, 15 May 2013 15:04:46 MDT

Food briefs

By Heather May The Salt Lake Tribune

Updated May 15, 2013 03:04PM MDT

Logan-based Butcher’s Bunches Handcrafted Preserves took third-place in a Grow America competition among women-owned businesses. Finalists were chosen based on a public votes. Industry professionals then selected the winners. Liz Kennard Butcher created Butcher’s Bunches in 2009. She uses local fruits and other ingredients — including Amano Artisan Chocolate and whiskey blends from High West Distillery — and little to no sugar in her products. The preserves can be found in various locations, i...

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

On top for 20 years, Ivory builds more than homes

Mon, 13 May 2013 09:01:49 MDT

On top for 20 years, Ivory builds more than homes

By Paul Beebe The Salt Lake Tribune

Updated May 13, 2013 09:01AM 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...

From skeptic to oracle, 4 views on where stocks are headed next

Wed, 08 May 2013 18:18:03 MDT

From skeptic to oracle, 4 views on where stocks are headed next

the associated press

Updated May 8, 2013 06:18PM MDT

New York • The Dow Jones industrial average closed above 15,000 for the first time Tuesday and finished up nearly another 50 points on Wednesday. An improving outlook for the economy and record corporate earnings are persuading investors to buy stocks. Federal Reserve stimulus is also a big influence. The Dow has gained 15 percent this year. It has more than doubled since hitting a bottom at 6,547 on March 9, 2009 during the Great Recession. Broader indexes have gained, as well, here and abroad....

Dow closes above 15,000 for first time ever

Wed, 08 May 2013 08:42:43 MDT

Dow closes above 15,000 for first time ever

The Associated Press

Updated May 8, 2013 08:42AM MDT

New York • Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time. It was another milestone in the market’s epic ascent of 2013. Good economic reports, strong corporate earnings and fresh support from central banks have eased investors’ concerns about another economic slowdown. Many had been on the lookout for signs that a spring swoon would derail the rally, as happened ...