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  • Skullcandy tops Street 4Q forecasts Thursday, 5 Mar 2015 | 4:54 PM ET

    PARK CITY, Utah _ Skullcandy Inc. on Thursday reported fourth-quarter earnings of $7.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Skullcandy shares have climbed 20 percent since the beginning of the year.

  • WASHINGTON— All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. "This week's tests are a more modest standard than what we will get next week," said Cayetano Carrasco-Gea, senior director at Moody's Analytics. The banks undergoing the stress tests...

  • MIAMI— Mixed signals from the Supreme Court have states on edge about the future of health insurance subsidies for millions of Americans. The case sets up an intriguing political backdrop for states like Florida and Texas, both led by Republican governors staunchly opposed to the law. Florida has more people on the health care plan than any other state and most...

  • Vivint Solar reports 4Q loss Wednesday, 4 Mar 2015 | 5:18 PM ET

    PROVO, Utah _ Vivint Solar Inc. on Wednesday reported a loss of $6.1 million in its fourth quarter. For the current quarter ending in March, Vivint Solar said it expects revenue in the range of $8 million to $8.5 million. Vivint Solar shares have dropped 7.5 percent since the beginning of the year.

  • Senator Marco Rubio, a likely Republican presidential candidate in 2016, on Wednesday unveiled a plan to reduce taxes for multinational corporations and parents, but it would widen federal budget deficits without cuts to popular health and retirement programs. The Florida senator's tax plan, introduced with Utah Republican Senator Mike Lee, would close...

  • Rubio-Lee tax plan rewards investors, parents, businesses Wednesday, 4 Mar 2015 | 12:39 PM ET

    WASHINGTON— With an eye toward a possible run for the White House, Republican Sen. To address the nation's finances, Rubio said, Congress should pair a "pro-growth" tax overhaul with significant changes to Social Security and Medicare, a stand that could draw criticism from advocates for older Americans. Mike Lee of Utah to unveil the package Wednesday.

  • WASHINGTON, March 4- Republican Senators Marco Rubio and Mike Lee proposed a tax reform plan on Wednesday they said would help drive long-term growth by reducing the top corporate rate and simplifying rates for other taxpayers. Writing in the Wall Street Journal, the two conservative lawmakers said their plan would lower the maximum tax rate for companies to...

  • Man who pleaded guilty to arson gets 4 years in prison Wednesday, 4 Mar 2015 | 5:01 AM ET

    SALT LAKE CITY— A Utah electrician who acknowledged starting a fire last year that caused $6 million in damage to an unfinished Salt Lake City apartment building was sentenced Wednesday to four years in prison and ordered to pay restitution. At a federal court hearing, 35- year-old Dustin Bowman of Bountiful apologized for his actions. He must pay at least $15 a...

  • SALT LAKE CITY— Several hundred people gathered Monday at rallies in Utah and Nevada to demonstrate their opposition to efforts by some Western states to seize control of federal lands. Inside the Utah state Capitol in Salt Lake City, more than 200 people held signs that read, "Protect Wild Utah" or "No Utah land grab." They listened to speeches from leaders of...

  • IOWA CITY, Iowa— Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions. Taser is planning to send two of them to speak at luxury hotels in Australia and the United Arab...

  • WASHINGTON— Congressional Republicans sent a message Monday that they hope the Supreme Court and voters will hear: They have ideas to keep the country's health care system from crumbling if the justices obliterate a bedrock feature of President Barack Obama's heath care law. They were released in the run-up to Wednesday's oral arguments before the Supreme...

  • ORLANDO, Fla.— As Florida's housing market tanked seven years ago, construction worker David Rager saw jobs dry up. In a recent survey of more than 900 contractors by Associated General Contractors of America, 83 percent said they were having trouble filling craft positions. Given the amount of building going on, "it's going to be interesting because we're going to...

  • WASHINGTON— Congress' dysfunction isn't limited to the struggle to keep a Cabinet department running without interruption. The to-do list includes forestalling a 21 percent cut in Medicare payments to physicians, preventing a cutoff of highway and transit dollars in the middle of peak construction season this summer and renewing critical parts of the...

  • Under the proposed settlement, Basic Research will pay a refund of $25 per box after being sued by law firms on behalf of consumers who purchased the product called Akavar beginning in 2007.. A Basic Research representative didn't respond to requests for comment. In 2007, a proposed class-action lawsuit was filed in U.S. District Court in Utah against Basic...

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • NEW YORK, Feb 27- Billionaire Ira Rennert and his investment firm were ordered on Friday to pay $118.2 million after being found liable for looting a magnesium company to build one of the most expensive mansions in America. A Manhattan federal jury found Rennert and Renco Group Inc liable for breach of fiduciary duty and other claims following a three-week...

  • NEW YORK, Feb 27- Billionaire Ira Rennert and his investment firm were ordered on Friday to pay more than $118 million after being found liable for looting a magnesium company to build one of the most expensive mansions in America. A Manhattan federal jury found Rennert and his Renco Group Inc liable for breach of fiduciary duty and other claims following a...

  • A Manhattan federal jury levied $118 million in damages against Rennert and his Renco Group Inc.. The lawsuit stemmed from the 2001 bankruptcy of the Magnesium Corp. of America, or MagCorp, a Salt Lake City- based producer of magnesium. Rennert's company, Renco Group Inc., said that aspects of the complicated verdict were contradictory and that the company would...

  • US rig count decreases 43 to 1,267 Friday, 27 Feb 2015 | 2:49 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices. Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, Colorado three and Wyoming two.

  • PHOENIX— Former Arizona Congressman Rick Renzi reported to a federal prison in West Virginia on Friday to begin serving a three-year sentence for corruption, money laundering and other convictions. But the 9th U.S. Circuit Court of Appeals ruled Monday that he must report to the minimum security Federal Correctional Institution by Friday.