Business news briefs
down, profit up
Dynatronics Corp., a Utah company that makes equipment used by physical therapists and sports-medicine practitioners, has reported that net income for its fourth quarter ended June 30 increased to $115,954, or 1 cent per share, compared with net income of $68,776 for the same quarter in the prior fiscal year. Sales, however, declined 5.5 percent, to $7.4 million.
BSD Medical takes
steps on securities
BSD Medical, a Utah provider of medical systems that use heat therapy to treat cancer, filed a shelf registration statement with the Securities and Exchange Commission so it can have most of the paperwork in place to issue up to $50 million in mixed securities whenever it deems the time is right. BSD, however, said it has no immediate plans to do so.
Ski magazine names
Canyons top resort
Utah's Canyons Resort has been named a Top 10 North American ski resort in the latest SKI Magazine reader survey. The recognition the Canyons earned the 10th overall ranking marks the first time the resort made it into the Top 10 of the magazine's annual list. It was lauded for adding trails and making other improvements.
still going up
U.S. home prices jumped 4.6 percent in August, compared with a year ago, the largest year-over-year increase in more than six years, according to CoreLogic, a private real estate data provider. It said prices rose 0.3 percent in August from July, the sixth straight monthly gain. Other measures of home prices, such as Standard &Poor's Case Shiller index, have also show recent gains.
The National Retail Federation, the nation's largest retail trade group, said it expects sales during the winter holiday shopping period in November and December to rise 4.1 percent this year. That's more than a percentage point lower than the growth in each of the past two years, and the smallest increase since 2009, when sales rose 0.3 percent.
eyes smaller rival
The parent of cellphone company T-Mobile USA says it's in talks to buy smaller MetroPCS Communications Inc., a deal that could shore up the two struggling smaller players in the U.S. wireless industry. Deutsche Telekom AG, the German company that owns T-Mobile USA, says "significant issues have not yet been finalized" and that no decision has been made on a deal.
U.S. auto sales
up last month
Americans found plenty of reasons to buy new cars in September. Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Buyers needed to replace aging cars, banks offered cheap loans and auto companies rolled out new fuel-efficient models. Beneath that, buyers felt more confident about the jobs market, a key factor influencing sales.