Archive

Mortgage delinquencies down

The number of Utah homeowners who are delinquent on their mortgages continues to drop, according to a new report from property information and analytics firm CoreLogic. In the Salt Lake City market, 2.9 percent of mortgages were delinquent by at least 30 days in May, the Loan…

Staff

Aug 20

CORPORATE FINANCIAL REPORTS 8-21-17

The following are recent financial reports as posted by selected Utah corporations: Vista Outdoor Vista Outdoor Inc., based in Farmington, reported net income of $16.7 million, or 29 cents per share, for the fiscal first quarter ended July 2. That compares with $29.1 million, or…

Staff

Aug 20

eLearning Bros. buys art site

American Fork-based e-Learning Brothers, a developer of interactive assets for the e-learning industry, has acquired SolidStockArt.com, a stock photography company based in Sandy. eLearning Brothers will assume worldwide operation of the two companies, expanding what it says…

Staff

Aug 20

Lund takes helm of Utah Bar

John R. Lund, a shareholder in Parsons Behle & Latimer’s Salt Lake City office, was sworn in as president of the Utah State Bar on July 28 at the organization’s annual convention in Sun Valley, Idaho. He will serve a one-year term, replacing Robert O. Rice. Lund’s practice is…

Staff

Aug 20

Business Tech: Three network security questions you should ask your IT guy right now

By Mike Herrington There’s a lot to think about as a business owner or executive. If network security isn’t on your mind, it should be. The first half of 2017 saw a 223 percent increase in cyber-attacks over 2016, according to a recent report from F Secure Labs. Business leaders…

It’s plain logic: Spending caps are low-hanging fruit in fighting debt

By Veronique de Rugy Another debt ceiling fight is just around the corner. The government’s borrowing limit will need to be raised yet again by the end of September to avoid default. Indications suggest that there will be enough support between Democrats and moderate Republicans…

It's not North Korea's nukes that are new; it's the Trump administration rhetoric

By Fareed Zakaria How did we get here? Why does it appear that we’re on the brink of a war in Asia, one that could involve nuclear weapons? North Korea has had nuclear-weapons capacity for at least 10 years now. Have its recent advances been so dramatic and significant to force…

If you don’t have a conscience, invest in Big Hospital systems

By Robert Pembroke The king of investors, Warren Buffett, decreed that if you want to make a fortune, buy companies that have a competitive moat. A competitive moat, in the investment world, is a company surrounded by barriers to stop the enemy from entering its market. Big…

Editorial Cartoon: Delegating

Staff

Aug 20

Industry Briefs 8-21-17

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. ACCOUNTING • Grant Thornton LLP has admitted 39 new partners and principals and promoted 28…

Staff

Aug 20

Newsletter - 8-14-17

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, August 14, 2017 Financial services firm Earnest bringing up to 500 new jobs A private financial services company has selected Utah for an expansion project, bringing up to 500 jobs to the state over the…

Staff

Aug 14

Financial services firm Earnest bringing up to 500 new jobs

A private financial services company has selected Utah for an expansion project, bringing up to 500 jobs to the state over the next five years. Earnest, based in San Francisco, announced the project last week after being approved for a tax credit incentive of up to $2.8 million…

Staff

Aug 14

Envision Utah report cautions on Point of the Mountain's future

By Brice Wallace Without proper planning, the Point of the Mountain area is on a course that could prompt economic trouble for the state. That’s a conclusion of a recent report compiled by Envision Utah and released by the Point of the Mountain Development Commission that…

People's Bancorp buys seven Utah Banner locations

People’s Utah Bancorp (PUB) is growing, having recently announced plans to acquire seven Banner Bank branch locations in Utah. PUB announced that its banking subsidiary, People’s Intermountain Bank (PIB) has signed a purchase and assumption agreement to acquire roughly $260…

Staff

Aug 14

Newmark Grubb ACRES releases market report on commercial real estate

The Salt Lake City office of commercial real estate firm Newmark Grubb ACRES has released it mid-year report on the state of commercial real estate in the Salt Lake City area. In the “Market Report on the Utah and Mountain West,” Newmark professionals studied survey information…

Staff

Aug 14

PG home to new major office, retail center

Construction is continuing on a master-planned development called Valley Grove, and developers expect the Pleasant Grove site to someday host more than 7,000 workers. St. John Properties recently had the official groundbreaking on the $250 million Valley Grove project, which…

Staff

Aug 14

Robocall numbers surging

Do you feel like you’re getting more and more of those annoying robocalls — those telephone solicitations with a recorded voice that always seem to come at dinnertime? Don’t think you’re alone. Consumers took 2.59 billion of the calls in July, a 2.7 percent increase over June…

Staff

Aug 14

Small-business optimism at 10-year high

Small-business optimism continues to climb in the third quarter as business owners said they are the most optimistic in more than a decade, according to findings from the Wells Fargo/Gallup Small Business Index, conducted July 10–14 and released last week. In the quarterly…

Staff

Aug 14

CORPORATE FINANCIAL REPORTS - 8-14-17

The following are recent financial reports as posted by selected Utah corporations: Extra Space Storage Extra Space Storage Inc., based in Salt Lake City, reported funds from operations (FFO) attributable to common stockholders and unit holders of $146.1 million, or $1.08 per…

Staff

Aug 14

On the rebound: With a little help, manufacturing jobs can come back to Utah

By Bart Raeymaekers Utah’s manufacturing industry consists of approximately 3,500 companies that provide 125,000 jobs throughout the state. The output of the manufacturing industry represents more than 14 percent of the gross state product, whereas it accounts for only 9 percent…

Modern industry has a bright future... just a few things to tweak first

By Todd Bingham Today’s modern manufacturer is an incredible entity — innovative, advanced, creative and the ultimate entrepreneur. Manufacturers exist to make things from raw materials, creating value and new wealth by creating a quality of life for consumers. Being makers is…

Utah Manufacturers Association counting ‘Make Manufacturing Your Future’ as a huge success

Utah’s manufacturing community is committed to developing a skilled manufacturing workforce. As part of that commitment, Utah Manufacturers Association (UMA) employers have led efforts this past year to create, track and evaluate a targeted education and messaging campaign for…

Staff

Aug 14