Business news briefs
Credit union gets
Mountain America Credit Union has been named a "Gold Fit-Friendly Worksite" by the American Heart Association. The award reflects Mountain America's recognition of the importance of a healthy workplace and the steps the credit union has taken to create a culture of wellness.
U. of U. students
A team of students from the University of Utah's School of Computing Leif Andersen, Bruce Bolick, Ian King, Tom Robertson, Kathryn Rodgers and Tyler Sorenson won a competition to build and run a small supercomputer cluster. They competed against four national teams at SC12, the international supercomputing conference staged this year in Salt Lake City.
Smith's selling gas
at Kimball Junction
Smith's Food & Drug Stores has opened a fuel station in the parking lot of its supermarket at 1725 W. Uinta Way in the Village at Kimball Junction, just off State Route 224 near the Olympic Park. The station offers eight filling spots and includes diesel fuel as an option, a courtesy air hose, a convenience-item case for snacks and a kiosk for the fuel attendant.
X-ray firm sold
Aribex, an Orem-based company that developed and sold portable and hand-held X-ray machines, said it has been acquired by KaVo Group, an affiliation of global dental equipment brands. Terms of the deal were not disclosed.
The number of people seeking unemployment aid nationally remained elevated for a second straight week. The Labor Department said first-time applications for benefits fell by 41,000 last week to a seasonally adjusted 410,000. That offset only part of the previous week's surge brought on by Superstorm Sandy. The four-week average, a less-volatile measure, rose by 9,500, to 396,250. Before the storm, weekly applications fluctuated this year from 360,000 to 390,000 as employers added an average of nearly 157,000 jobs a month, barely enough to lower the unemployment rate.
up only slightly
A measure of the U.S. economy intended to signal future activity rose only a bit last month, suggesting growth could stay weak. The Conference Board says its index of leading indicators increased 0.2 percent in October after a 0.5 percent gain in September. The index is intended to anticipate economic conditions three to six months out.
big Q4 profit
Farm and construction gear maker Deere & Co. reported a bigger fourth-quarter profit as it sold more equipment at higher prices, but results still missed analyst expectations. Deere said its net income rose 2.7 percent, to $687.6 million, or $1.75 per share, for the quarter ended Oct. 31. Revenue rose 14 percent, to $9.79 billion.
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