Business news briefs
The board of directors of Zions Bancorp, the Salt Lake City-based bank holding company and parent of Zions First National Bank, has declared a quarterly dividend of 1 cent per share. The dividend will be paid on Nov. 29 to company stockholders whose names are on Zion's list of shareholders as of Nov. 23.
Nu Skin offers
Nu Skin Enterprises, the Provo-based multilevel-marketing firm that sells nutritional products, is projecting that its revenue will reach $2.25 billion to $2.30 billion for its 2013 fiscal year, a 7 percent to 9 percent increase over fiscal 2012. Earnings are estimated to be $3.70 to $3.85 per share, a 10 percent to 15 percent increase.
C.R. England, a Salt Lake City-based trucking company, was named the FAC International Carrier of the Year. FAC is a food logistics company that serves customers in Canada, the U.S. and Mexico. The award honors a carrier based on service and other factors. During FAC's latest fiscal year, C.R. England moved more than 3,000 loads for the company, many into and out of Mexico.
in money move
Pinterest is separating business accounts from personal ones, a move that could help it start making money. The company burst onto the tech scene last year, appealing to designers, wedding planners and anyone else who likes to collect and share images on the Web. Other social media companies, including Facebook, differentiate between individual and institutional users.
strong 3Q results
Abercrombie & Fitch reported an unexpectedly strong 41 percent increase in third-quarter net income, and the teen retailer raised its full-year earnings guidance. Revenue rose 8 percent. The results suggest the company's efforts to fix its merchandise mix are gaining traction. But revenue at stores open at least a year, a key indicator of a retailer's health, fell 3 percent.
Wind tax credit
Governors from 28 states want Congress to renew a wind energy tax credit due to expire at year's end. A study by a wind energy group found 37,000 jobs would be lost if the credit expires. The governors contend uncertainty over the credit's fate already has led to thousands of job losses. Opponents argue it distorts the energy marketplace and leads to higher prices.
Investors pull cash
from stock funds
Mutual fund shareholders are sticking with their recently conservative approach to investing, despite this year's stock market gains. Industry consultant Strategic Insight reported that $15 billion was withdrawn from U.S. stock funds in October, the eighth month in row of such withdrawals. Bond funds attracted cash for the 14th consecutive month, taking in $30 billion in October.