Business news briefs
GOED offers tech
The Governor's Office of Economic Development is accepting applications for its Technology Commercialization and Innovation Program grant competition, which aims to aid the commercialization of technologies developed at Utah's colleges and universities. Faculty-led teams or companies that have licensed technology from a Utah college or university are eligible for the $40,000 grants. For information and instructions, go to http://business.utah.gov/programs/coe/. The deadline for applying is Jan. 3.
Utah's iSchool gets
Park City-based iSchool Campus has received $2 million in venture capital from Crocker Ventures, a privately held Utah-based investment firm that funds promising early stage companies. Using iPads and other technologies, iSchool has created a learning platform that delivers curriculum to students.
sales down a bit
U.S. sales of new homes fell slightly in October, and September sales were slower than initially thought, according to the Commerce Department. The October sales pace, which dipped 0.3 percent to a seasonally adjusted annual rate of 368,000, was dragged lower by steep declines on the East Coast, partly related to Superstorm Sandy.
Visit Salt Lake
Visit Salt Lake has been named the winner of Smart Meetings' 2012 Platinum Choice Award and Meeting and Conventions' Gold Service Award. The honors were presented by the publications after tallying votes by readers, who are mostly planners responsible for booking meetings and conventions nationwide.
Costco will spend $3 billion to pay a special $7-per-share dividend next month. Many companies are making special end-of-year dividend payments because next year investors will have to pay higher taxes on dividend income unless a compromise is reached on taxes and spending. Costco's special dividend will be paid Dec. 18 to shareholders of record Dec. 10.
Jobless rate down
in many U.S. cities
Unemployment rates declined last month in more than half of the 372 largest U.S. cities, further evidence of steady improvement in the job market. Of those cities, Logan had the 10th-lowest unemployment rates 3.8 percent. The Labor Department says rates fell in 201 metro areas. They rose in 116 and were unchanged in 55.
in SEC probe
The U.S. Securities and Exchange Commission told SAC Capital Advisors that it is considering suing the $14 billion hedge fund run by Steven Cohen for fraud involving alleged insider trading by a former portfolio manager Mathew Matoma, who was arrested last week.
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