Elle.com, the website for the well-known Elle fashion magazine, has named The Gateway shopping center's Bastille as Utah's top shopping destination. In "50 States of Shopping," the site selected what it believes are the best boutiques in each state. It said shoppers will love Bastille "because it's chic as chic can get. Design snobs will swoon."
Apple poised to
make $356M buy
Apple has agreed to buy fingerprint reader AuthenTec Inc. for $356 million as the maker of iPhones and iPads looks to strengthen its digital security capabilities. Apple's acquisition comes as consumers use their smartphones for more daily activities.
Brits miffed at
Britain's information watchdog said Friday that Google appears to have broken an agreement to delete data collected by its Street View vehicles. Google angered regulators in several countries in 2010 when it acknowledged that its mapping cars, which carried cameras to create three-dimensional maps of the world's streets, had also scooped up passwords and other data from unsecured wireless networks.
up its top brass
JPMorgan Chase, which is reeling from the fallout of a big trading loss at one of its divisions, announced a broad reshuffling of its top management. It was the second round of management reorganization at the nation's largest bank since it revealed a trading loss that has ballooned to up to $5.8 billion from an initial estimate of $2 billion.
A federal appeals court on Friday left intact a court judgment that ordered tobacco companies to do corrective advertising about the dangers of smoking. The companies sought to overturn a federal judge's order on grounds it had been superceded by a 2009 law. But in a 3-0 decision, the court said the 2009 Tobacco Control Act was not a replacement for the judge's ruling on corrective advertising.
Barclays faces a fresh investigation by financial services regulators in the United Kingdom and a new batch of class-action lawsuits related to a rate-rigging scandal. It also said profit dropped 76 percent, to $752 million, during the first six months of the year after it took an accounting charge for inappropriately selling complex financial products to businesses.
Merit's profit slips,
but revenue climbs
South Jordan-based Merit Medical Systems Inc. reported it achieved record revenue of $100.5 million for the quarter ended June 30, an increase of 10 percent from a year earlier. "Our growth was driven by sales gains in all divisions," said CEO Fred Lampropoulos. Net income was $6.1 million, or 14 cents per share, compared with $6.9 million, or 18 cents per share. During the quarter, Merit spent nearly $1.3 million more on its research and development than a year ago.