New branch for
Bank of Utah
Bank of Utah will close the doors of its 3990 Washington Blvd. location at 5 p.m. Friday and open the doors to its new full-service branch at 4605 Harrison Blvd. in South Ogden on Monday. The bank has 13 full-service branches. The new facility has about 3,000-square feet of space.
FedEx sees slower
FedEx Corp. said slow global economic growth will crimp its earnings over the next 12 months. The package-delivery company is closely watched for signs about the health of the economy. In the latest quarter, FedEx earned $550 million, or $1.73 per share, compared with $558 million, or $1.75 per share, a year earlier.
Barnes & Noble
Q4 loss narrows
Bookseller Barnes & Noble said its fiscal fourth-quarter loss narrowed as it continued to invest in its Nook e-reader business. The company said loss in the three months ended April 28 totaled $57.6 million, smaller than its loss of $59.4 million a year ago. Revenue was nearly flat, at $1.38 billion.
Card use up
Discover Financial Services said sales volume on its namesake cards rose 5 percent during the March-to-May period, to $26.1 billion, reflecting more use by customers. It said credit card balances also grew nearly 4 percent, to $46.6 billion, while transactions processed by Discover-owned networks increased 5 percent.
Employers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead. The Labor Department said openings fell to a seasonally adjusted 3.4 million, down from 3.7 million in March. The March figure was the highest in nearly four years.
FDA safety bill
set to pass
A bill designed to beef up the safety of the nation's prescription drug supply is poised to pass Congress, but without a tracking system public health advocates say is critical to weeding out counterfeit pharmaceuticals. House and Senate lawmakers agreed on compromise legislation that helps supplement the Food and Drug Administration's budget and increases penalties against drug counterfeiters.
Rural air service
may get boost
Tea party lawmakers from rural areas fought hard last year to preserve taxpayer subsidies for airline flights after senior Republicans tried to eliminate the oft-criticized program. Now, the House Appropriations Committee is awarding the program an 11 percent budget hike. Next year, the subsidies will reach a record $214 million under a bill the GOP-run committee approved.