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Newsletter - 6-5-17

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, June 5, 2017 OR to Denver? Still contracted for SLC through 2018 By John RogersEveryone in Denver seems to be gearing up for a huge semiannual outdoor industries trade show to makes its debut in the…

OR to Denver? Still contracted for SLC through 2018

By John Rogers Everyone in Denver seems to be gearing up for a huge semiannual outdoor industries trade show to makes its debut in the Colorado capital in January. The Denver Post ran a story on May 26 under the headline “It’s official: SIA Snow Show sells to Outdoor Retailer…

Plans announced for downtown Class A office tower on Main St.

A pair of Texas-based real estate development firms have announced plans to build a Class A office tower in downtown Salt Lake City. A joint venture consisting of Patrinely Group of Houston and San Antonio-based USAA Real Estate Co. said the complex, dubbed 650 Main, will be a…

Staff

Jun 5

Confidence in Utah economy remains strong

Utah consumers continue to be feel confident about the state’s economy. The Zions Bank Utah Consumer Attitude Index (CAI) remained statistically flat in May, dipping just 0.8 points from 112.6 in April to 111.9. Consumer confidence in Utah has registered above 110 since June of…

Staff

Jun 5

Hispanic Chamber meet focuses on 'business side of business'

By Brice Wallace For much of the recent Utah Hispanic Chamber of Commerce (UHCC) Convention & Expo, the emphasis was not on “Hispanic” as much as “business.” Alex Guzman, president of The Marketing Factory and chairman of the UHCC board, noted that the gathering included the…

Utah gets cash from Target data breach settlement

The Utah Attorney General’s Office and the Utah Division of Consumer Protection have announced that Utah has joined with 46 other states and the District of Columbia in an $18.5 million settlement with the Target Corp. to resolve the states’ investigation into the retail…

Staff

Jun 5

Ally No. 1 Internet bank, tops for millennials

Midvale-based Ally Bank, the banking subsidiary of Ally Financial Inc., scored dual wins for Best Internet Bank and Best Bank for Millennials on Kiplinger’s Personal Finance Magazine’s 2017 Best Banks list. An article highlighting Kiplinger’s top picks among banks and credit…

Staff

Jun 5

DATC audit: Accountancy errors, 'no money missing'

A state audit released last week revealed reporting problems involving millions of dollars at the Utah Department of Alcoholic Beverage Control. The problems apparently stem from the installation of a new computer system. The problems stem from untimely financial reporting but…

Staff

Jun 5

Roderick building North Pointe office/warehouse

Real estate development company Roderick Enterprises has started construction on a Class A office and warehouse building at the North Pointe Business Park in American Fork. The complex will contain 206,098 square feet of combined-use space. Roderick is based in Murray. The…

Staff

Jun 5

Capriotti's to open 12 locations

Las Vegas-based Capriotti’s Sandwich Shop has signed three franchise agreements to bring a total of 12 new locations to the Salt Lake City area over the next three years. The first new location is expected to open in October in Daybreak. Capriotti’s began slow-roasting turkeys…

Staff

Jun 5

Only the paranoid survive: Never take your success for granted

By Richard Tyson Have you noticed the number of major retailers closing their stores these days? According to Business Insider, as of April, nine major retailers, including Payless Shoe Source, the Limited, Radio Shack and Sports Authority, have filed for bankruptcy. My wife and…

Business Tech: New invisible malware uses your computer to make money for hackers

By Mike Herrington The newest malware threat doesn’t identify itself with a flashy box — and it doesn’t even ask for a ransom. It’s not noticeable, beyond making a computer run slower than usual. The new threat is called “Adylkuzz.” It uses the same vulnerability in old versions…

Long-awaited Trump budget is out – and it’s good news for the swamp

By Veronique de Rugy Pres. Donald Trump’s first budget proposal is finally out, and it boldly promises to deliver a “new foundation for American greatness.” I guess that grandiose language is supposed to resonate with those voters who don't understand how the budget process…

Why does Trump continue to give Saudis a free pass on Islamic terrorism?

By Fareed Zakaria The recent bombing in Manchester was another gruesome reminder that the threat from radical Islamic terrorism is ongoing. And Pres. Trump’s journey to the Middle East illustrated yet again how the country central to the spread of this terrorism, Saudi Arabia,…

Expect volatility, but avoid letting the headlines alter your investment plans

By Mark Lund Recent headlines have disturbed what was an unusually calm stock market. The political uproar in Washington may continue for weeks or months, and it could mean significant, ongoing turbulence for Wall Street. As an investor — a retirement saver — how much will this…

Entitlement at work: Abolishing the 'me-me' mentality among employees

By Doug Andrew As a business owner for over 40 years, I’ve pretty much seen it all. At times it’s been astounding to witness the impact of dedicated professionals — the kind of people who go above and beyond for clients, co-workers and the company. Other times, it’s been…

Editorial Cartoon - Impeach Deplorables

Staff

Jun 5

Industry Briefs 6-5-17

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 Utah , Ogden, has opened a new branch building at 5729 S. 1900 W., Roy.…

Staff

Jun 5

Newsletter 5-30-17

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Tuesday, May 30, 2017 Huntsman to merge with Swiss chemical firm in $14 billion deal By John RogersChemical manufacturing giant Huntman Corp., majority-owned by Utah's Huntsman family, has announced a merger…

Huntsman to merge with Swiss chemical firm in $14 billion deal

By John Rogers Chemical manufacturing giant Huntman Corp., majority-owned by Utah's Huntsman family, has announced a merger with Switzerland’s Clariant AG. The new entity will have a market value of more than $14 billion and when debt is included, the value climbs to around $20…

Point of the Mountain planning moves to Phase 2

By Brice Wallace The future development of the Point of the Mountain area, including the Utah State Prison site, has advanced to a new phase. The Point of the Mountain Development Commission recently released a report by Envision Utah summarizing the first phase of the process,…

Unemployed rate holds steady as new jobs created

Utah’s unemployment rate held steady in April at 3.1 percent with about 49,200 Utahns out looking for jobs. By comparison, the national rate decreased one-tenth of a percentage point to 4.4 percent. Utah’s nonfarm payroll employment for April 2017 grew by an estimated 3.3…

Staff

May 30