Business news briefs
Popeyes Louisiana Kitchen is breaking ground for a new restaurant, located at 3699 N. Thanksgiving Way in Lehi. The restaurant is scheduled to open in March. Popeyes has 2,035 restaurants in the U.S. and 25 foreign countries, including a location at Hill Air Force Base that is open only to base personnel and a store at the Salt Lake City International Airport.
more jobs in Oct.
U.S. employers advertised more jobs in October than September, a hopeful sign that hiring could pick up in the coming months. The Labor Department says job openings rose by 128,000 to 3.68 million, the most since June. The number of available jobs is slowly climbing back to the roughly 4 million advertised each month before the recession began in December 2007.
The National Federation of Independent Business, which lobbies on behalf of small businesses, says a survey of its members showed they grew more pessimistic in November after the election and Superstorm Sandy. The number of owners who expect business conditions to be worse in six months rose 37 percent from October. The biggest problem owners now face: weak sales.
Liberty Interactive bought about $300 million in shares of TripAdvisor Inc., gaining voting control of the online travel-review company from billionaire Barry Diller, who stepped down as its chairman. Liberty purchased about 4.8 million shares at $62.50 apiece. The move passes control to another billionaire entrepreneur, John Malone, who controls Liberty Interactive.
Yahoo to unveil
Yahoo Mail users will see a redesigned interface for the service across all platforms within the next few days. The company said its email is being redesigned to reduce clutter, enhance navigation speed and offer a consistent look and feel. Yahoo also said user inboxes will become more intuitive and easier to navigate.
The U.S. trade deficit rose in October with exports falling by a larger margin than imports, a sign slower global growth could weigh on the economy. The Commerce Department said the trade deficit grew 4.8 percent from September to $42.2 billion. A wider trade deficit is viewed as a drag on growth. It typically means the U.S. is earning less on exports and spending more on imports.
Shares of Facebook have rebounded in recent months. Underwritten at $38 a share in May, the company subsequently saw its stock trading as low as $17.55 a share. Facebook is back in the high $20s again and closed Tuesday at $27.98, up 14 cents for the day. Investors appear to approve of Facebook's new initiatives and products aimed at increasing advertising revenue.
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