Business news briefs
Security National Financial Corp., Salt Lake City, said its board of directors has authorized a 5 percent stock dividend for stockholders of record on Jan. 11. The dividend will be paid on Feb. 1. Shares of the company, a conglomerate whose business includes life insurance and cemeteries, are listed on the Nasdaq system under the symbol SNFCA.
U. of U. program
The Masters of Healthcare Administration program at the David Eccles School of Business is the first in Utah and one of only 10 in the western U.S. to earn accreditation from the Commission on Accreditation of Healthcare Management Education. The MHA program prepares students for administrative positions in the health care industry.
Adobe 4Q sales,
Adobe Systems reported fiscal fourth-quarter sales and profit that topped analysts' estimates as customers embraced its flagship Creative Suite software. Profit for the period ended Nov. 30 was $222.3 million, or 44 cents a share, up from $173.7 million, or 35 cents, a year earlier. Sales were $1.15 billion.
New SBA site to
The U.S. Department of Labor and the Small Business Administration have launched a website, https://sea.workforce3one.org, to help states in their efforts to encourage unemployed workers to start businesses. A key component of the new website is an SBA toolkit, which contains free, online resources to support new entrepreneurs.
rose last month
U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. But after factoring out the impact from the storm, the broader trend in manufacturing remained weak. The Federal Reserve said factory output increased 1.1 percent in November from October. That offset a 1 percent decline in the previous period.
Discovery to buy
The parent company of the Discovery Channel said it is buying 12 TV networks in Norway, Sweden, Denmark and Finland in a deal worth $1.7 billion. Discovery Communications Inc. said the deal with German TV company ProSiebenSat.1 Group expands its presence in the Nordic markets. It also boosts its brand portfolio by adding general entertainment, scripted and sports programming.
Apple Inc. shares fell to their lowest price in a month after Steven Milunovich, an analyst at UBS AG, cut his price estimate to $700 from $780, citing concern that growth may slow for the iPhone and iPad. Shares of Apple closed Friday at $509.79, down $19.90 for the day, or nearly 4 percent. Apple shares are down 25 percent since they closed at a record high of $702.10 on Sept. 19.
See more about comments here.