Archive

California firm buys two Utah colleges

Unitek Learning, a Newport Beach, California-based owner of healthcare-oriented for-profit colleges, has acquired two Utah colleges. Eagle Gate College’s two locations and Provo College join seven Unitek campuses in California to form a two-state educational system. “This…

Staff

Sep 23

Overstock expands with KC warehouse

Salt Lake City-based online retailer Overstock.com Inc. has announced plans to open a warehouse in Kansas City, Kansas, with distribution from the facility expected to begin in October. The company said the new facility is located to allow it to offer two-day ground shipping to…

Staff

Sep 23

New York company buys Salt Lake-based Teem

Teem, a Salt Lake City-based provider of shared office and meeting space and online meeting software, has been acquired by WeWork of New York City. WeWork provides design services and technology for the office spaces of corporate clients. WeWork said in a release that it is…

Staff

Sep 23

Chicago insurance firm meeting Utah hiring goal

GoHealth, a 17-year-old Chicago-based health insurance marketplace, is expanding rapidly at its new location in Lindon. The company has hired more than 400 in the past six weeks and plans to fill another 200 positions by mid-October, fulfilling the company’s goal to fill 600 new…

Staff

Sep 23

Editorial Cartoon: Weather Channel

Staff

Sep 23

Industry Briefs 9-24-18

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. ASSOCIATIONS • Edward P. Schreiber has been elected chair of the Risk Management Association…

Staff

Sep 23

Universal savings accounts represent a silver lining in bad tax reform

By Veronique de Rugy Recently, House Republicans did what they do best: offer to cut taxes and add to the deficit. Their three-part reform plan is Round Two of their goal to dramatically slash taxes and reform the nation’s tax code. The move is likely a political one, because it…

Concerns about Trump aside, the left continues its assault on democracy

By Fareed Zakaria For several years now, scholars have argued that the world is experiencing a “democratic recession.” They have noted that the movement of countries toward democracy has slowed or stopped and even, in some places, reversed. They also note a general hollowing out…

Medicare-for-all discussion presents golden opportunity for small business

By Robert Pembroke “The most important event in recent history of ideas is the demise of the socialist dream,” said George Gilder in his 1981 book Wealth and Poverty. It sure looks like Bernie Sanders, Alexandria Ocasio-Cortez and Andrew Gillum did not read this book. I am an…

Newsletter 9-17-18

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, September 17, 2018 High prices & shortages targets of new nonprofit drug company By Brice WallaceSometimes, companies create buzz by getting a new name. Or a new CEO. Or more partners. Or expecting…

High prices & shortages targets of new nonprofit drug company

By Brice Wallace Sometimes, companies create buzz by getting a new name. Or a new CEO. Or more partners. Or expecting eventually to have hundreds of employees. Or by announcing their plans to shake up an industry. A not-for-profit company spearheaded by Intermountain Healthcare…

EDCU: 35 'wins' mean $1.7 billion invested in Utah

At its annual meeting last week in Salt Lake City, the Economic Development Corporation of Utah (EDCUtah) celebrated the economic successes it saw during its recently ended fiscal year. The group also honored a pair of community leaders for their roles in the economic growth…

Staff

Sep 16

More jobs for Silicon Slopes: Cal software company coming to Utah

A California-based software company will put operations in Utah over the next few years, creating 355 jobs in Utah’s Silicon Slopes area. Cornerstone OnDemand Inc., based in Santa Monica and with about 1,800 employees worldwide, made the expansion announcement last week after…

Staff

Sep 16

Zions no longer deemed 'too big to fail'

Zions Bancorporation has prevailed in its attempt to not be designated as a “systemically important financial institution,” or SIFI, thus relieving it from tighter federal regulation. Salt Lake City-based Zions and the Financial Stability Oversight Council (FSOC) both announced…

Staff

Sep 16

Fischer to head Maverick Trading

Maverick Trading of Salt Lake City has named Darren Fischer to replace Robb Reinhold, founder of the company, as CEO. Reinhold will remain with the firm and continue as chief investment officer and head of trader development. The change was prompted by Maverick’s growth over the…

Staff

Sep 16

MWCN announces 2018 Utah 100 fastest-growing and 'Emerging Elite'

MountainWest Capital Network (MWCN) has announced the Utah 100, its annual list of the fastest-growing Utah companies, and its 20-company “Emerging Elite” list. The companies’ rankings will be announced at the 24th annual Utah 100 awards program Oct. 30 at the Grand America…

Staff

Sep 16

CBRE: Multifamily activity should reach $1B

Driven by growing rental rates, low vacancies and aggressive pricing, the multifamily real estate industry continues its local steady growth of recent years, according to the Greater Salt Lake Area Multifamily Market Report release last week by commercial real estate firm CBRE.…

Staff

Sep 16

CORPORATE FINANCIAL REPORTS 9-17-18

The following are recent financial reports as posted by selected Utah corporations: Domo Domo Inc., based in American Fork, reported a net loss of $46.4 million, or $4.41 per share, for the fiscal second quarter ended July 31. That compares with a loss of $43.5 million, or…

Staff

Sep 16

Editorial Cartoon: Surviving Me Too

Staff

Sep 16

Get rid of those old, tired sales pitches and start thinking instead

By John Graham Sales pitches are shortcuts that save time and don’t require thinking. They’re the stock-in-trade of salespeople, rolling off the tongue easily and unconsciously. They once worked well with customers, but not so much today. Here are some of them: “How can I help…

With Reed confirmation, will the Export-Import Bank rise again?

By Veronique de Rugy At the end of August, the Senate Banking Committee voted Kimberly Reed out of the committee to become the new president of the U.S. Export-Import Bank. But before she can start her job, she must win a confirmation vote in the full Senate. This is the first…

Things are pretty good, so let's not peer too far behind the curtain

By Fareed Zakaria For those few people left who still believe Donald Trump is unconventional but canny, that there is a method to the madness, recent revelations should clarify. Bob Woodward’s new book and The New York Times op-ed written by an anonymous official make plain that…