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Business news briefs

Published September 12, 2012 11:25 pm

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

U.S. wholesale

stockpiles rise

U.S. wholesalers increased their inventories in July from June, but sales fell for a third straight month. Declining sales could force companies to cut inventories in coming months, a troubling sign that economic growth could weaken. The Commerce Department said stockpiles grew 0.7 percent in July, the biggest increase in five months.

Holiday sales

may increase

After wrapping up a decent back-to-school shopping season, merchants should see healthy sales gains for the winter holidays, although the pace could be slightly below last year, Chicago-based research firm ShopperTrak said. It predicts revenue in November and December should be up 3.3 percent during what's traditionally the biggest shopping period of the year.

Hobby Lobby sues

over birth control

Christian-oriented Hobby Lobby Stores Inc., which operates outlets in Utah, filed a federal lawsuit Wednesday challenging a mandate in the nation's health care law that requires employers to provide coverage for the morning-after pill and similar drugs. The lawsuit claims the mandate is forcing company's owners "to violate their deeply held religious beliefs."

Chesapeake peddling

natural gas assets

Chesapeake Energy Corp. is selling the vast portion of its land and infrastructure in west Texas for nearly $7 billion as the company unloads debt and shifts more of its focus to drilling for oil, rather than natural gas. The assets in the oil-and gas-rich Permian Basin are being sold in a series of deals to Royal Dutch Shell, Chevron and affiliates of EnerVest Ltd.

Dish Network to

carry Glen Beck

Dish Network will begin offering TheBlaze, conservative radio talk show host Glenn Beck's online network. TheBlaze will be available to Dish subscribers as part of its America's Top 250 package or a la carte for $5 a month. It will be offered as a free preview for all Dish customers through Sept. 26.

German court

OKs bailout

Germany's highest court paved the way for the creation of Europe's $640 billion rescue fund for indebted governments after it rejected calls to block it. The decision allows Germany to sign off on ratification of the treaty that sets up the European Stability Mechanism bailout fund — a weapon that many hope will help calm the debt crisis that threatens the eurozone.

Farm pulls its

tainted melons

A southwestern Indiana farm linked to a cantaloupe salmonella outbreak that killed two people has pulled its watermelons from market after the food-borne illness was found on one of those fruits. Chamberlain Farm Produce of Owensville says it's cooperating with state and federal food safety officials and is unaware of anyone becoming ill from melons.