Business news briefs
now in Provo
The Salt Lake City-based law firm Durham Jones & Pinegar has expanded into Utah County. The Provo office will be the firm's fourth Utah location. In another matter, five former directors of the law firm Hill Johnson & Schmutz have joined as shareholders. Six associate attorneys formerly with Hill Johnson have also joined Durham Jones.
Car wash to open
in Sandy, add jobs
Fabulous Freddy's, founded in 1998 in Las Vegas, will open a car wash in Sandy at the end of April. The store at 1065 E. 9400 South will have more than 110 employees. The company operates two car washes in St. George.
Ex-Securities and Exchange Commission chairman Mary Schapiro has joined Promontory Financial Group. The regulatory and compliance consulting firm said she will serve as a managing director and chairman of its governance and markets practice. Schapiro, who was named SEC chairman in the midst of the worst financial crisis since the Great Depression, stepped down late last year.
L.A. unveils app
Los Angeles has unveiled a smartphone app that will let residents report potholes, pay city utility bills and look up dog parks at the tap of a virtual button. The city rolled out MyLA311 for iPhone and Android phones. It's available in the Apple and Google app stores.
Michalis Sarris, the Cypriot finance minister who negotiated Cyprus' bailout agreement with international creditors, resigned Tuesday, citing the beginning of a government inquiry into the collapse of the country's banking industry. On the heels of Cyprus' $13 billion bailout announced last week, a political blame game has broken open in the halls of power.
up 3 percent
Orders to U.S. factories rose 3 percent in February from January, the biggest gain in five months, with much of the strength coming from a surge in demand for aircraft. A separate key category viewed as a proxy for business investment plans fell 3.2 percent. But the decline came after a 6.7 percent surge in January, the biggest gain in three years.
off preferred list
Goldman Sachs has taken Apple off its list of most highly recommended stocks, joining others in dialing back expectations for the company. In a note to clients, it said the iPhone 5, introduced last fall, hasn't sold as well as expected. Goldman says Apple needs big "hits" among the products it rolls out in the second half of the year.
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