Business news briefs
AAA tow truck
AAA Utah on Tuesday delivered 136 frozen turkeys to the Holy Trinity Greek Orthodox Church and Salvation Army in Salt Lake City. Volunteers will cook the turkeys and serve them to the hungry on Thanksgiving Day. AAA Utah has delivered turkeys to non-profit organizations in the state for 17 years.
gets new lodge
Hilton Grand Vacations said it will open Sunrise Lodge, a timeshare property within the Canyons Resort in Park City, on Nov. 21. Located at the base of the Sunrise lift, the lodge will be available to the company's timeshare owners and guests. The lodge has 83 units.
gets new capital
Remedy Informatics Inc., a Salt Lake City company that provides software for medical research, has received a $6 million capital investment from the Merck Global Health Innovation Fund. The investment will give Merck a seat on Remedy's board and paves the way for possible additional investments in the future, Gary Kennedy, Remedy's chief executive officer, said in a statement.
The latest version of Microsoft's Web browser is now available to consumers using personal computers that run on the Windows 7 operating system. The redesigned browser, Internet Explorer 10, was introduced Tuesday to Windows 7 users in a "preview," or test, mode.
Small business owners remained cautious in October as they awaited the outcome of the presidential election. The National Federation of Independent Business on Tuesday released the results of its monthly survey of members. It showed little change from previous months. The NFIB's index has fluctuated in a narrow range since the recession officially ended in June 2009.
3Q results up
Home Depot said its third-quarter net income edged up and revenue rose as the nation's housing market continued to show glimmers of recovery. For the period ended Oct. 28, the company reported net income of $947 million, or 63 cents per share, up from $934 billion, or 60 cents per share, a year earlier. Revenue rose more than 4 percent to $18.13 billion.
Cisco Systems said its earnings rose 18 percent in its first quarter as it gained more solid footing after warning earlier this year of an abrupt slowdown in technology spending. The company made $2.1 billion, or 39 cents per share, in its fiscal first quarter, up from $1.8 billion, or 33 cents per share, in the same period a year ago. Revenue rose 5.5 percent to $11.9 billion.