U.S. food prices
to rise this year
U.S. consumers will pay 2.5 percent to 3.5 percent more for food in 2012, the Department of Agriculture said, holding to a forecast made in July. The forecast was lowered for pork and remained unchanged in all other food categories, the USDA said in a monthly report on its website.
ups 2012 outlook
Encouraged by its third-quarter results, Utah's Franklin Covey projects it will report earnings before income taxes and other expenses of $26 million to $27 million for its 2012 fiscal year. The company previously forecast income of $24 million to $26 million.
SLC's Love gets
some pizza love
Love Communications, a Salt Lake City-based advertising agency, has been awarded first place in Papa Murphy's International 2012 Agency Challenge and presented the pizza company's "A Cut Above" honor. The challenge included a field of 14 ad agencies from across the country.
Pfizer sees drug
For a second time, regulators have delayed deciding whether to approve the experimental anticlotting drug Eliquis from Pfizer Inc. and Bristol-Myers Squibb. The companies are supplying additional data from a study that examined the drug's ability to prevent strokes. The delay means Eliquis probably won't be approved until next year, well behind two rival drugs already on the market.
Nissan to build
Nissan Motor Corp. said it will spend up to $800 million on a new factory in China as part of efforts to expand sales in the world's biggest auto market. The Japanese automaker said the factory will have a production capacity of 150,000 vehicles by 2014. It will be Nissan's fourth manufacturing center in China.
gets new offer
Quest Software Inc. said it received a higher buyout offer worth $2.32 billion from a bidder it did not identify. The offer of $27.50 per share follows a series of bids that began after Quest announced in March it was being acquired for $23 per share, or about $2 billion, by the investment firm Insight Venture Partners.
Sony, Panasonic ink
Long-time Japanese rivals Sony Corp. and Panasonic Corp. are working together to develop next-generation TV panels called OLEDs in a reversal of decades of rivalry as they try to catch up with South Korea's Samsung Electronics. The companies said in a statement they will share core technologies to develop OLED, or organic light-emitting diode, panels. They are aiming for low-cost mass production by 2013.