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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 21

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.…

Mike Herrington

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…

Veronique de Rugy

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…

Fareed Zakaria

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…

Mark Lund

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…

Doug Andrew

Industry Briefs

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…

Newsletters

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…

Brice WallaceWhile

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…

Brice Wallace

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…

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…

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…

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…

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…

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…

Quality 1 joins ERA Consolidated

St. George-based ERA Brokers Consolidated has acquired Quality 1 Realty in Mesquite, Nevada, according to a release from Quality 1 owner Angela Brooks-Reese. She said her company will become the Quality 1 Team at ERA Brokers Consolidated. The combination of the two companies…

Hamlet opens new community

Hamlet Homes, a Murray-based home builder, has opened a 74-unit residential development in Riverton. The opening of Cardon Square was marked by a recent realty agent-exclusive open house followed by a public ribbon-cutting. Riverton Mayor Bill Applegarth joined Hamlet officials…

Energy office to launch update to C-PACE clean energy financing program

This month, the Utah Governor’s Office of Energy Development (OED) will launch an updated version of Utah’s Commercial Property Assessed Clean Energy (C-PACE) financing program. With the help of a substantial stakeholder group, OED introduced a proposal in the 2017 legislative…

Eric Heiden opens sports science clinic in Park City

Five-time Olympic gold medalist and orthopedic surgeon Dr. Eric Heiden has opened the Heiden Institute of Sports Science and Human Performance in Park City. Heiden decided to establish the institute “after years of envisioning a comprehensive program encompassing sports…

CORPORATE FINANCIAL REPORTS 5-15-17

The following are recent financial reports as posted by selected Utah corporations: Varex Varex Imaging Corp., based in Salt Lake City, reported net income of $15 million, or 40 cents per share, for the second fiscal quarter ended March 31. That compares with $14.7 million, or…

The fear-based campaign to establish government control of the Internet

By Veronique de Rugy Public fear is an ally of big government. When fear sets in among the populace — often with encouragement from self-interested politicians — the result is usually an expansion of governmental power and a loss of individual rights. Politicians typically stoke…

Veronique de Rugy

The Trump effect: Impact of president on foreign policy of other countries

By Fareed Zakaria There has been much focus on Donald Trump’s erratic foreign policy — the outlandish positions, the many flip-flops, the mistakes. But far more damaging in the long run might be what some have termed "the Trump effect" — the impact of Trump on the domestic…

Fareed Zakaria

Social Security: When is the right time to apply for your benefits?

By Mark Lund Now or later? When it comes to the question of Social Security income, the choice looms large. Should you apply now to get earlier payments or wait for a few years to get larger checks? Consider what you know — and don’t know. You know how much retirement money you…

Mark Lund