Business news briefs
Martin Door gets
Martin Door Manufacturing has named Mark Stromberg president and CEO. Since 1998, Stromberg has run his own merger-and-acquisition firm. He also has served as chairman of the Salt Lake Chamber and sat on a number of corporate boards. Martin Door is based in Salt Lake City. It has been in the garage door business since its founding in 1936.
Dickey's sets grand
Dickey's Barbecue this week will mark the grand openings of two restaurants. On Thursday, Dickey's in South Jordan at 689 W. South Jordan Parkway will be offering specially priced pulled pork sandwiches from 11 a.m. to 1 p.m. The Draper location, at 163 E. 13800 South, will have a similar offer from noon to 2 p.m. Friday.
Data released Wednesday showing China's economy is slowing set off the biggest drop in oil prices in five months. The report, plus the ongoing financial crisis in Europe, called into question the strength of global demand. Benchmark oil fell $3.75, or 4.1 percent, to $88.14 per barrel in New York. That was the biggest decline since May 4, when oil fell $4.05 per barrel.
Web ads in protest
Coca-Cola and Samsung pulled advertising from Zing.vn, a popular Vietnamese website notorious for providing unlicensed downloads of Western and local songs. Zing's young users have made it among the most visited websites in the country. The moves by Coke and Samsung are a rare victory against online piracy.
Another AA jet
In yet another ding to its reputation over delays and malfunctions, an American Airlines jet returned to Dallas-Fort Worth International shortly after takeoff Wednesday. A cockpit indicator showed a problem with the landing gear. The airline said the pilot of the MD-80 jet declared an emergency, but passengers weren't told to brace for a crash. The plane landed safely.
Marriott International turned a bigger-than-expected profit in the third quarter on higher prices and strong occupancy rates. The company earned $143 million, or 44 cents per share, compared with a loss of $179 million, or 52 cents per share, a year ago. Revenue per available room an indicator of rates rose 7 percent in the quarter.
some Kraft trades
Nasdaq and other exchanges canceled some trades of Kraft Foods Group Inc. Wednesday following an unusual spike after the market opened. Shares opened at $45.55 before surging to $58.54 and closing at $44.57. The Nasdaq said it is looking into "potentially erroneous transactions" but gave no details. The issue comes only days after Kraft Foods and former Kraft snack business Mondelez International began trading as two separate companies.