Business news briefs
Judge halts contraception mandate
A federal judge ruled that a property management company owned by the founder of Domino's Pizza doesn't have to immediately implement mandatory contraception coverage in the health care law. Judge Lawrence Zatkoff ruled in favor of Tom Monaghan, a Roman Catholic who says contraception isn't health care but a "gravely immoral" practice. Similar lawsuits are pending nationwide.
Poland probes alleged bribery by U.S. business
Prosecutors are investigating allegations that a U.S. medical equipment company offered bribes to hospital officials to secure deals. Dozens of offices have been searched in recent months for evidence that, from 2003 to 2006, employees of the Polish branch of Stryker Corp. offered bribes to hospital execs to win contracts.
Stoel Rives names new SLC partners
The Portland-based law firm of Stoel Rives has elected its new partners for 2013 and they include Joshua G. Grigger in its Salt Lake office. Grigger specializes in technology and intellectual property law. In addition, one of its partners in Salt Lake City, Matthew S. Bethards, is becoming a capital partner. Bethards also specializes in technology and intellectual property law.
Herbalife sees sharp share price rebound
Herbalife Ltd., the stock shorted by hedge fund manager Bill Ackman, saw its shares advance 12 percent, to $32.94, at the close in New York. It was the biggest increase in more than seven months. The Cayman Islands-based maker of nutritional and weight-loss supplements sank 38 percent in the week ended Dec. 21. Ackman, head Pershing Square Capital Management, said earlier this month that a year of research convinced him Herbalife is a pyramid scheme.
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