Morgan Stanley
faces mortgage
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bias lawsuit
Morgan Stanley is accused in a proposed class-action lawsuit in New York of discriminating against black homeowners by providing strong incentives to a subprime lender to originate mortgages likely to go unrepaid. The lawsuit was filed by the American Civil Liberties Union.
Retailers saw
sales jump
in September
Americans stepped up their spending at retail businesses in September. The 1.1 percent increase, to $412.9 billion, was driven by another strong month of auto sales and the release of the iPhone5. Sales rose in most major categories, the Commerce Department said.
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Data shine light on Utah school funding, achievement
Published May 22, 2013 06:25:02PM -
Goldman classes a big boost for Utah small business
Published May 22, 2013 06:23:02PM -
EA Salt Lake to release new ‘Tetris’ for phones
Published May 22, 2013 06:17:02PM -
Business news briefs
Published May 22, 2013 06:16:03PM
Japan’s Softbank
to buy 70% of
Sprint for $20.1B
Tokyo-based Softbank deal to grab a 70 percent stake in Sprint for $20.1 billion gives the struggling U.S. company an infusion of cash and confidence. The deal positions Sprint Nextel as a stronger competitor to market leaders Verizon Wireless and AT&T.
Pizza Hut steps
away from
debate stunt
Pizza Hut is rethinking its contest daring people to ask "Sausage or Pepperoni?" of either President Obama or challenger Mitt Romney at their debate Tuesday. The proposed stunt, which offered a pie a week for 30 years or a $15,600 check, triggered a backlash. Pizza Hut now says it’s moving the promotion online. A contestant will be randomly selected to win free pizza for life.
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