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The Archive

Archive

More than 9,000 stories of Utah business reporting, 2011–2026. Search the full archive, or browse by date and section.

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36 results in Top Stories from January 2019Clear all ✕

SLBJ

Top Stories

Growth is slowing but recession not in view of summit speakers

By Brice Wallace Slower growth. That was the gist of economic forecasts presented recently at the Utah Economic Outlook & Public Policy Summit, but speakers focused on the “growth” component of the phrase. Juliette Tennert, director of economic and public policy research at the…

SLBJ

Top Stories

3% more jobs in 2018, jobless rate stays level

Job growth in Utah finished 2018 above 3 percent, according to figures released by the Utah Department of Workforce Services. The total number of Utahns holding jobs climbed to 1,542,600 at the end of the year, up 47,200 jobs since December 2017, a rise of 3.1…

Staff

Jan 27

SLBJ

Top Stories

Glacier acquires First National Bank of Layton

Glacier Bancorp Inc., headquartered in Kalispell, Montana, has acquired First National Bank of Layton (FNB) and its holding company, FNB Bancorp. The purchase of the Layton-based bank is Glacier’s 21st acquisition since 2000 and its 10th transaction in the past six years. FNB…

Hillcrest Bank expands into Utah, Samuelson named area president

Hillcrest Bank, a division of National Bank Holdings Corp. (NBH) of Greenwood Village, Colorado, has expanded into Utah with the intent of serving commercial and business banking clients along the Wasatch Front, the company has announced. Chet Samuelson, formerly of Wells Fargo…

CircusTrix adds to growing park portfolio

Provo-based CircusTrix, self-proclaimed to be the largest owner, operator and franchisor of trampoline parks in the world, has acquired Planet 3 Extreme Trampoline Parks of Flint, Michigan. CircusTrix also recently bought Rockin’ Jump and Sky Zone trampoline parks in California.…

DigiCert completes acquisition

Lehi’s DigiCert Inc. has completed its acquisition of the QuoVadis Group, a worldwide cybersecurity and connectivity company based in Switzerland. DigiCert is a leading transport layer security certificate (TLS) provider in the cybersecurity space and will add QuoVadis’ position…

Shutdown hits nonprofits

The ongoing federal government shutdown is affecting Utah charitable organizations on two separate fronts, according to a recent survey by the Utah Nonprofits Association. Foremost among the concerns expressed by UNA members is the stoppage in the flow of federal funds that keep…

Shopko bankruptcy closes 13 Utah stores, leaves just seven open

Utah seems to be taking the brunt of another round of Shopko store closures. The Wisconsin-based retailer filed for bankruptcy protection last week and announced the closing of 38 stores — 13 of which are in the Beehive State. The chain announced the closing of 40 stores last…

Record industrial property delivery leads strong commercial real estate year

Utah commercial real estate had another strong year in 2018 across all property types along the Wasatch Front, according to the 2018 Year-End Market Report from commercial real estate firm Newmark Grubb ACRES. The report breaks down how each property type performed in 2018 and…

CORPORATE FINANCIAL REPORTS 1-28-19

The following are recent financial reports as posted by selected Utah corporations: Zions Zions Bancorporation NA, based in Salt Lake City, reported net earnings applicable to common shareholders of $217 million, or $1.08 per share, for the 2018 fourth quarter. That compares…

Business Tech: Cost of cybersecurity keeps going up, but its importance isn't going down

By David Black You don’t need to be a Certified Information Systems Security Professional (CISSP) to see how debilitating a cyberattack is for small businesses and e-commerce sites. As the volume of attacks continue to increase, all businesses need to take every provision to…

Tech gathering receives capital infusion from state Legislature

By Brice Wallace A nascent gathering of tech junkies just got a financial boost. The annual Silicon Slopes Tech Summit, in just its third year but expecting perhaps 20,000-25,000 attendees later this month, has received a commitment from the Governor’s Office of Economic…

Shared office company will add 250 jobs as it expands in Utah

A company that provides shared office and meeting space and online meeting software is expanding in Utah, planning to add 250 jobs over the next five years. Salt Lake City-based Teem LLC, which was acquired last year by New York-based WeWork, made the announcement after being…

Housing prices drive CPI with another record

Housing price hikes along the Wasatch Front didn’t take the holidays off like they usually do. For the second consecutive month, home prices in December set a year-over-year record for growth, according to the Zions Bank Wasatch Front Consumer Price Index (CPI). The 0.4 percent…

Point of the Mountain Board Authority looking for director to oversee development

The Point of the Mountain Board Authority, the body charged with the disposition of land where the Utah State Prison now stands, is searching for an executive director to oversee the process of developing the site once the prison has been relocated. “This is one of the largest…

Ride Systems merges with Indianapolis firm

Morgan-based Ride Systems LLC and DoubleMap Inc. of Indianapolis, Indiana, have merged their vehicle-tracking software companies to form Journey Holding Corp. The new firm is now considered the largest public transit tracking system provider in North America, according to a…

Arizona fashion software company buys Salt Lake's Red Wire Group sewing operation

Salt Lake City-based Red Wire Group LLC, a contract sewing manufacturer, has been acquired by 12 ReTech Corp., a retail fashion shopping software company with U.S. headquarters in Scottsdale, Arizona, and operations in Europe and Asia. The stock-for-stock transaction is…

Lassonde launches Entrepreneur Challenge

The Lassonde Entrepreneur Institute of the David Eccles School of Business at the University of Utah has opened registration for the 2018-19 Utah Entrepreneur Challenge. The statewide business competition is open to university students in Utah. Teams compete for $100,000 in cash…

Parker new president at SCM

Rodney R. Parker, a shareholder at Snow Christensen & Martineau, has been appointed president of the firm. His appointment was effective Jan. 1. Parker replaces Andrew M. Morse, who has served as the firm’s president since 2011. Parker leads the firm’s appellate practice. His…

Children of wealthy want their parents’ values more than wealth, survey finds

More than nine in 10 Generation Z and millennial children of millionaires say the most important thing they will inherit is their parents’ values, not their wealth, according to a recent survey by Wells Fargo Private Bank. More than four out of five (84 percent) say they want to…

Legal Matters: Opportunity zones and opportunity funds in Utah

As part of the Tax Cuts and Jobs Act, a new tax incentive program was created to encourage economic development in distressed communities. Within these communities, specific “qualified opportunity zones” or “opportunity zones” were designated by the governors of all 50 states.…

Overstock axes 100 in return-to-profitability effort

John Rogers It hasn’t been a very good year for Midvale-based Overstock.com Inc. The online retailer lost big-time in the equities market in December, with its stock plunging 31 percent compared to a 9 percent slump in the S&P 500. The decline closed out a brutal year for…

Zion & Bryce still open; money running out

By Brice Wallace While state and partner money to keep basic services operating at Zion and Bryce Canyon national parks could last for a few weeks, if not months, state officials believe another funding authorization will be needed soon. In response to a partial federal…

White Mesa Mill back in vanadium production after five-year hiatus

By John Rogers Energy Fuels Inc. is refining the little-known metal vanadium at its White Mesa Mill south of Blanding for the first time since 2013. Best known as the only operating conventional uranium production facility in the United States, the White Mesa Mill discontinued…

JRJohn Rogers

Jan 14

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