Get breaking news alerts via email

Click here to manage your alerts
Business news briefs
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated.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.

CEO's exit roils

Scottish bank

Fresh questions are being raised about the future privatization of the nationalized Royal Bank of Scotland after CEO Stephen Hester said Wednesday that he was leaving the bank. The surprise departure could add extra uncertainty for the British lender, which received a multibillion-dollar bailout during the financial crisis.

Japan carrier's

787 has problem

A Japanese carrier's Dreamliner had engine trouble before takeoff Wednesday, a day after a rival airline had a problem on another 787 plane. Neither problem was with the lithium-ion batteries that were overheating and resulted in Boeing aircraft being grounded for four months.

Target increases

dividend by 19.4%

Target Corp. is increasing its quarterly dividend by 19.4 percent, to 43 cents per share, payable Sept. 10 to shareholders of record as of Aug. 21. The retailer says it is the 184th consecutive dividend paid since it went public in 1967. Target shares fell 57 cents, to $69.43, in trading.

CEOs optimistic

about more hiring

CEOs for the largest U.S. companies are more optimistic about sales over the next six months and plan to add more workers. The Business Roundtable said its April-June quarterly survey found 32 percent of members expect to expand payrolls, up from 29 percent in the January-March survey. And 78 percent expect more sales, up from 72 percent.

Gigamon shares

soar in first day

Gigamon, which makes equipment to monitor and control computer network traffic, went public Wednesday, pricing shares at $19, the midpoint of its expected range. They opened at $23.08 and rose as high as $26.42 in morning trading before closing at $28.47 and moving to $29.10 in after-hours trading.

8 charged in huge

hacking scheme

U.S. prosecutors announced fraud and other charges Wednesday against eight alleged members of an international cybercrime ring said to have hacked into the computers of more than a dozen leading financial institutions and the U.S. military's payroll service. Among those hacked were Citibank, E-Trade, JPMorgan Chase Bank, Nordstrom Bank, PayPal, TD Ameritrade, TIAA-CREF, USAA, and the payroll arm of the U.S. Department of Defense.

Pfizer settles for

$2.2B on Protonix

Two generic drugmakers will pay $2.15 billion to Pfizer and Takeda Pharmaceutical to settle a patent fight over the heartburn treatment Protonix. Teva Pharmaceutical will pay $1.6 billion, while India's Sun Pharmaceutical Industries Ltd. will pay $550 million for selling their versions of Protonix before the patent protecting the drug expired.

Article Tools

 Print Friendly
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.