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First Published Jul 24 2012 05:40 pm • Last Updated Jul 24 2012 05:40 pm

Car wash chain

buys Utah location

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Mister Car Wash, a Tucson-based chain of car wash and quick lubrication centers, has acquired Star Wash, 1480 S. 300 West, Salt Lake City. The acquisition was finalized July 19. Mister Car Wash operates 82 washes and 30 lube centers nationwide. Five are in Utah.

Shoe Carnival

opens in Riverdale

Shoe Carnival has opened a store in Riverdale and has set a grand opening for Saturday. The store is in the Family Center at Riverdale, next to Pier One and Best Buy. Festivities Saturday will begin at 9 a.m., with the first 100 customers receiving a $10 reward card. The Riverdale store is the company’s seventh in Utah.

Walmart, others

reject fee accord

story continues below
story continues below

Walmart Stores and others are urging retailers to reject a proposed $6 billion settlement that Visa, MasterCard and banks are offering to settle allegations they conspired to fix merchant credit card fees. The deal had been considered a victory for retailers. Walmart, Target and others say the settlement falls short of solving the problem.

Moody’s may cut

Penn State rating

Moody’s Investors Service is reviewing Penn State University’s credit rating and may lower it. The agency said fallout from the Jerry Sandusky child abuse scandal could hurt the school’s fundraising and enrollment. Penn State has an ‘Aa1’ rating, Moody’s second-highest and nine notches above non-investment grade or "junk" status. A downgrade could make it more expensive for Penn State to borrow money.

UPS seeing

gloom ahead

The world’s largest package delivery company, viewed by many as an economic bellweather, is pessimistic about U.S. growth. It is making cuts in its business and reducing its earnings projections. For the quarter ended in June, UPS said net income rose 2 percent, to $1.12 billion, or $1.15 per share, compared with $1.09 billion, or $1.09 per share, a year earlier. Revenue rose 1.2 percent, to $13.35 billion.

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