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EMPLOYMENT NEWS FOR JULY 24, 2017
  • WebMD Health to be sold to a KKR company for $2.8 billion

    WebMD, the online information source on health topics, announced Monday it will be acquired by Internet Brands, a new media company controlled by global investment firm Kohlberg Kravis Roberts. The transaction is valued at around $2.8 billion. Accord...
    Published 50 minutes  
  • Future of Airbus A380 superjumbo said to hinge on Emirates order

    AIRBUS,0647 Future of Airbus A380 superjumbo said to hinge on Emirates order ATTN: Financial editors Benjamin Katz Bloomberg. Airbus is working on vital sales campaigns aimed at extending the life of its flagship A380 superjumbo, with outgoing market...
    Published 47 minutes  
  • Utah saw more job creation in June but also more unemployment

    Utah’s unemployment rate rose at a slightly higher rate in June, but state officials were not overly concerned as that increase ran parallel to solid growth in new job creation. The jobless rate climbed two-tenths of a percent to 3.4 percent in Jun...
    Published 41 minutes  
  • Amazon expansion includes West Valley site

    Amazon is growing in Utah and not just in Salt Lake City. The online retail giant will open at least one smaller fulfillment center in the state as the company prepares to build a much bigger warehouse in Salt Lake City. Earlier this year, Amazon.com...
    Published 2 days, 15 hours ago  
  • Ogden conman called ‘psychopath’ and ‘unrepentant liar’ before a judge gave him a two-year prison sentence

    One of the victims of convicted Ogden conman Ryan Paul Davies said the loss of more than $100,000 brought him to the precipice.  “Thoughts of suicide was an everyday occurrence for me,” Sean Hales told a federal judge at Davies’ sentencing he...
    Published 2 days, 17 hours ago  
  • Alexa, turn up my Kenmore AC; Sears cuts a deal with Amazon

    Hoffman Estates, Ill. • Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon’s voice assistant, Alexa. The announcement Thursday sent shares of Sears soaring almost 11 percent. The tie-u...
    Published 3 days, 14 hours ago  
  • Entertainment, not shopping, is what’s attracting people and businesses to downtown Salt Lake City

    In a word: experience. In another word: entertainment. And they cropped up in abundance Wednesday to explain the changing consumer tastes in the age of e-commerce and what that means for downtown Salt Lake City. Utahns are most interested in the co...
    Published 3 days, 15 hours ago  
  • Visa’s third-quarter profit beats expectations

    New York • Payment processing giant Visa said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe. The San Francisco-based company earned $2.06 billion in the period ending June 30, or 87 cents a ...
    Published 3 days, 18 hours ago  
  • U.S. stocks flat as earnings, central banks dominate

    New York • U.S. stock indexes essentially hit the snooze bar Thursday as investors were relieved the European Central Bank didn’t announce any changes to its stimulus policies. Europe’s central bank maintained its current policies and ECB Presi...
    Published 3 days, 18 hours ago  
  • West Valley City to spring for half a million dollars if Frito-Lay expands on its Utah plant

    West Valley City • The City Council is putting up some cheese for Cheetos. The city’s economic development agency will pay Frito-Lay Inc. up to $500,000 in tax incentives over three years to build a $35 million expansion that will manufacture Che...
    Published 4 days, 17 hours ago  
  • Federal trial postponed for politically connected developer Terry Diehl

    The federal court trial for prominent Salt Lake developer Terry Diehl has been postponed from September to Nov. 1 after prosecutors asked for more time. Diehl faces 12 charges of making false declarations or concealing his income as part of his 201...
    Published 5 days, 1 hour ago  
  • Wall Street’s Goldman Sachs moves quietly into Main Street

    New York • More homeowner, less hedge fund titan. Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank. The most Wall Street of Wall Street firms really wants peo...
    Published 5 days, 16 hours ago  
  • U.S. homebuilder sentiment declines in July

    U.S. homebuilders are feeling less optimistic about their sales prospects, although their overall outlook remains positive. The National Association of Home Builders/Wells Fargo builder sentiment index, released Tuesday, declined to 64 this month. Th...
    Published 5 days, 17 hours ago  
  • Netflix shares climb on millions of new subscribers

    The streaming powerhouse Netflix has cleared more than 100 million subscribers and now counts more of its customers abroad than in the US, the company announced Monday in a better-than-expected earnings report. Netflix added more than 5 million new s...
    Published 6 days, 14 hours ago  
  • Tiffany hires Diesel exec in bid to regain luster

    New York • Tiffany is taking another shot at reviving its luster, naming a long-time Bulgari executive and Diesel CEO as its top executive. The company had also hired Frederic Cumenal to revitalize the brand, but ran out of patience in February aft...
    Published 6 days, 18 hours ago  
  • Marijuana sales give Nevada a taste of the green rush, but high demand outstrips supply

    Reno, Nevada • Nevada’s fast-developing experiment with legal sales of recreational marijuana was an instant hit, and the Fourth of July weekend gave the Silver State a taste of the green rush. In the first few days of sales, dispensaries reporte...
    Published 6 days, 19 hours ago  
  • No Trump slump in tourism but there could be a Trump bump

    New York • Last winter, the U.S. tourism industry fretted that Trump administration policies might lead to a “Trump slump” in travel. But those fears may have been premature. International arrivals and travel-related spending are up in 2017 com...
    Published 6 days, 21 hours ago  
  • Retailers, brands see green for back-to-school shopping

    New York • For the back-to-school season, many parents and their kids are thinking green. Concerns about the environment have them looking for secondhand clothing or fashions made from reused material — but price still rules. Shoppers want qualit...
    Published 6 days, 21 hours ago  
  • Man blames Tesla Autopilot feature for Minnesota crash

    Detroit • A Tesla driver is blaming his car’s partially self-driving Autopilot system for a crash in Minnesota over the weekend. David Clark, 58, was driving his Tesla Model S sedan with four passengers Saturday evening in Hawick, Minnesota, abou...
    Published 6 days, 21 hours ago  
  • Oil giants make a play for millennial hires

    “This ain’t your daddy’s oil,” the commercial proclaims, cutting to shots of spray paint being made and a wall covered in fanciful graffiti. “Oil strikes a pose. Oil taps potential. Oil pumps life.” Oil, in short, is cool, the industry’...
    Published 6 days, 21 hours ago