Archive

Housing price increases drive CPI up in April

The housing shortage and resultant increases in average home prices have begun to take their toll on consumer prices. The Zions Bank Wasatch Front Consumer Price Index (CPI) ticked upward in April, rising 0.4 percent from the previous month and 2.8 percent from April last year,…

Staff

May 22

Report: Utah companies made $19B in 2016 deals

The amount of money moving among Utah corporations took a huge jump in 2016, according to the 22nd annual Deal Flow Report released recently by MountainWest Capital Network (MWCN). The report, which provides details of the health and number of deals within the state, showed…

Staff

May 22

Chamber group hosts discussion of tackling need for strong infrastructure

A company cannot succeed without a transportation system to get its raw materials and finished products to where they need to go. Transportation and transit systems need to be in place to get employees to and from the workplace. Some manufacturers need large amounts of water or…

Staff

May 22

Mity buys Florida company

Orem-based furniture manufacturer Mity Inc. has acquired Orlando, Florida-based ChairPort Products LLC, which operates under the trade name XpressPort. Mity produces highly durable products with brand names like MityLite and Holsag, which Mity acquired in January. The XpressPort…

Staff

May 22

Campaign thinks keeping Hayward is good for business

Garrett Jones thinks keeping Utah Jazz forward Gordon Hayward in Utah makes good business sense. Hayward becomes a free agent in a few weeks. That means he can sign with any team that will pay him enough. Although the local team has the inside track to resigning him thanks to…

Staff

May 22

Wells Fargo survey: Optimism holds steady in second quarter for small-business owners

Small-business optimism held on to recent gains in the second quarter, according to the latest findings from the Wells Fargo/Gallup Small Business Index, conducted April 3-7. In the quarterly survey, which measures the optimism of small-business owners, the overall index score…

Staff

May 22

Editorial Cartoon - Insatiable Greed

Staff

May 22

CORPORATE FINANCIAL REPORTS 5-22-17

The following are recent financial reports as posted by selected Utah corporations: Nature’s Sunshine Nature’s Sunshine Products Inc., based in Lehi, reported net income from continuing operations attributable to common shareholders of $2.2 million, or 11 cents per share, for…

Staff

May 22

Business Tech: Trump order reminds us of responsibility for cyber security at our businesses

By Mike Herrington Pres. Trump signed an executive order recently that called out the government’s poor cyber security measures and mandated one set of security standards across government agencies. The order also makes the heads of each organization responsible for security.…

Is the United States on the path to French-style economic sclerosis?

By Veronique de Rugy There is a lot of debate over Pres. Donald Trump’s record after his first 100-plus days in office. Defenders of the president point to his successful efforts on deregulation, the successful appointment to the Supreme Court of Neil Gorsuch and his steadfast…

Is Pres. Trump's firing of Comey a precursor to a bigger danger?

By Fareed Zakaria I have tried to evaluate Donald Trump’s presidency fairly. I’ve praised him when he has appointed competent people to high office and expressed support for his policies when they seemed serious and sensible (even though this has drawn criticism from some…

Financial literacy: Few Americans understand personal finance fundamentals

By Mark Lund If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are most people clueless about financial matters? That depends…

Protect your legacy from taxes: Taking responsibility & ownership of your future

By Doug Andrew Last month, the nation’s mind was on taxes. Millions of Americans were rushing to make the tax deadline, assessing how much they had already sent to the government (and hoping against hope they didn’t need to send more). Whether you’re getting a refund or writing…

Industry Briefs 5-22-17

Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice@slenterprise.com. The submission deadline is one week before publication. BANKING • Bank of American Fork has opened a new branch at 95 E. 500 S., Bountiful. The…

Staff

May 22

Newsletter - 5-15-17

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, May 15, 2017 Mixed reviews: Trump & Utah energy development By Brice WallaceWhile a few speakers at the recent Governor’s Utah Energy Development Summit were optimistic that a new presidential…

Mixed reviews: Trump & Utah energy development

By Brice Wallace While a few speakers at the recent Governor’s Utah Energy Development Summit were optimistic that a new presidential administration will result in a new day for energy development, others cast doubts about whether it can happen in four years, if at all. The…

Defense spending plays vital role in Utah's economic health

Defense spending in Utah creates a huge economic impact for the state, according to a new report from the Kem C. Gardner Policy Institute at the University of Utah. Huge — to the tune of $9 billion and 109,000 direct or indirect jobs, the research shows. The impact on the…

Staff

May 15

Incentives mean 600-plus jobs for 3 companies

Three companies have committed to expanding in Utah and are expecting to add a total of up to 624 jobs to the state during the next few years. Varo Money Inc. will bring 331 jobs to Salt Lake County over five years in a $2.8 million project. Litehouse Inc. will expand its…

Staff

May 15

UTC looking for new leader as well as a 'rebranding and refreshing'

The state’s largest industry association is undergoing some change. The Utah Technology Council (UTC), representing 6,000 technology companies in the state, is looking for a new chief executive officer and is undertaking a “rebranding and refreshing,” including honing its…

Staff

May 15

Varex acquires imaging firm

Salt Lake City-based Varex Imaging Corp. has acquired the medical imaging business of PerkinElmer Inc. of Santa Clara, California. PerkinElmer develops, manufactures and sells digital detectors that are components in medical and industrial X-ray systems. The sale price was…

Staff

May 15

Savage buys coal reclamation cos.

Savage, a privately owned supply-chain solutions and industrial services company based in Salt Lake City, has purchased Abingdon, Virginia-based Gobco LLC and Power Fuels LLC. Financial terms were not disclosed. The two acquired companies are active in coal reclamation in…

Staff

May 15

Lack of skilled workers still major concern for Utah companies, report says

Utah’s unemployment rate (3.1 percent) and job growth (3.2 percent) are among the best in the nation. Still, many businesses report difficulty finding as many qualified workers as they need to fill available positions, according to a new research report the non-partisan Utah…

Staff

May 15