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Business news briefs

Published March 14, 2013 7:42 pm

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Arch support firm

seeks franchisees

Good Feet, an arch support company, is looking for franchisees in the Salt Lake area to operate retail locations that sell pre-fabricated arch supports to slip inside shoes. The company will offer franchise opportunity webinars through the end of the month. To register, contact Alfonso Vilches at 760-579-4065 or by email at avilches@goodfeet.com.

'Little Debbie' to

buy Drake's cakes

Hostess plans to sell Drake's cakes to the maker of Little Debbie cakes. The bankrupt company says it picked McKee Foods as the buyer for the cakes, which include Devil Dogs, Funny Bones and Yodels, after nobody stepped forward to top its offer. Separately, Metropoulos & Co., which is joining Apollo Global Management to buy Twinkies, said it hopes to have those cakes back on shelves by this summer.

U.S. wholesale

prices increase

A measure of U.S. wholesale prices — the producer price index — rose 0.7 in February from the previous month, pushed higher by more expensive gas and pharmaceuticals. But outside energy prices, inflation was mild. Excluding the volatile food and gas categories, core prices rose 0.2 percent in February, the same as the previous month.

Anschutz pulls

AEG off market

Billionaire Philip Anschutz says he is pulling AEG off the market and that the company that owns the Los Angeles Kings and the Staples Center is no longer for sale. Anschutz said he had made it clear he wouldn't sell the company unless the right buyer came forward. The sports and entertainment company was expected to fetch billions of dollars.

MSNBC's Schultz

off weeknights

MSNBC anchor Chris Hayes is going from working weekends to working weeknights. Hayes, who had hosted a weekend morning show for the cable news channel, has been tapped to take over its 8-9 p.m. time slot starting April 1. Ed Schultz, who had hosted that hour, is moving to weekends. For MSNBC, the hope is that Hayes can attract younger viewers.

GM to offer

entry-level 'Vette

General Motors plans to build an entry-level Chevrolet Corvette that would cost less than $50,000 and widen the iconic sports car brand's appeal. The No. 1 U.S. automaker is looking to bring out the less-expensive model in mid- to late-2015.

FDA probes new

diabetes drugs

The Food and Drug Administration is looking into evidence a group of new diabetes drugs can increase the risk of pancreatitis and other problems. Tissue samples taken from a small number of patients showed inflammation of the pancreas and cell changes that often precede cancer. The unpublished results come from a group of academic researchers. The FDA is seeking more information.