Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Business news briefs
This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated.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.

Park City Pizza

aids cancer fight

Park City Pizza Co. is helping raise funds for breast cancer research by donating 25 percent of its sales on Oct. 12 to the Karen Mullen Breast Cancer Foundation, a national charity based in Seattle. The eatery, which will feature a Princess Party from 5:30 p.m .to 7:30 p.m. as part of its efforts. is at 1612 Ute Blvd. at Kimball Junction.

Tempur-Pedic

buying Sealy

Mattress rivals Tempur-Pedic and Sealy are becoming bedfellows. Tempur-Pedic, the 20-year-old leader in foam mattresses, is buying century-old rival Sealy for $228.6 million in cash. The acquisition comes as competition has increased in the mattress industry, with makers stepping up their marketing to help lure cost-conscious consumers into making big purchases.

Boeing aid

sparks EU ire

The European Union is asking the World Trade Organization to impose up to $12 billion per year in sanctions on the U.S. as part of a long-running dispute over subsidies to Boeing and the French-based Airbus. The EU said the amount represented "damages suffered due to unfair and biased competition from the U.S. industry," which received government support.

Toyota revamps

its Lexus line

With a strong comeback under way in mainstream sedans, Toyota is hoping to rejuvenate its luxury Lexus brand by appealing to younger and more adventurous buyers. The automaker has recovered most of the U.S. market share it lost last year after the tsunami in Japan. Now it's counting on the Lexus brand to gain steam with sporty new versions of cars such as its flagship LS sedan.

Discover 3Q

profit slips

Discover Financial Services said credit card use increased and more customers paid off their card balances on time in its fiscal third quarter but that its earnings still declined. The company reported net income of $621 million, or $1.21 per share, for the quarter ended Aug. 31, down 3 percent from $642 million in last year's third quarter.

Goldman to pay

$12M in SEC deal

Goldman Sachs has agreed to pay nearly $12 million to settle civil charges that one of its executives provided campaign services to a Massachusetts official in return for bond business. The Securities and Exchange Commission also charged ex-Goldman vice president Neil M.M. Morrison with trying to influence the awarding of state contracts through campaign work for a former state treasurer.

Nike 1Q net

income falls

Nike said its first-quarter net income fell 12 percent as higher sales of its clothing and footwear brands was offset by higher costs and increased ad spending. Revenue rose 10 percent, to $6.67 billion. Like other consumer products makers, Nike is facing high costs for materials and labor, as well as an uncertain economy in Europe and a slowdown in China.

Article Tools

 Print Friendly
 
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.