Ira Rennert and his investment firm were ordered to pay $118.2 million after being found liable for looting a magnesium company.» Read More
Oct 31- Nu Skin Enterprises Inc raised its full-year forecast for the sixth time this year, encouraged by strong demand for its new anti-ageing and body spa products under the ageLOC brand. Nu Skin shares rose 11 percent to $46.70 on the New York Stock Exchange on Wednesday morning.
Oct 31- Nu Skin Enterprises Inc's quarterly results handily beat Wall Street expectations on strong performance of its anti-ageing and nutritional supplement businesses in China, prompting the company to raise its full-year forecast for the sixth time.
Oct 29- Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning on the month's final trading day on Wednesday. NYSE Euronext and Nasdaq OMX Group, the largest two U.S. exchange operators, said they intend to reopen Wednesday, conditions permitting.
*Equity markets execs, regulators agree to close on Tuesday. Oct 29- Hurricane Sandy will close U.S. stock markets for a second straight day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning on the month's final trading day.
Oct 29- Hurricane Sandy brought wind and rain to the streets of New York City on Monday, but on Wall Street, it also brought a day of eerie, almost unsettling calm. Steve Gerbel, who runs hedge fund Chicago Capital Management, said that, when he called a Goldman trading desk on Monday, he got to talk to employees from its Salt Lake City office for the first time.
Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.
RAPID CITY, S.D.-- A Texas- based pipe maker has started construction on a manufacturing plant in Rapid City, South Dakota. WL Plastics Director Mike Dahl says the South Dakota plant will help supply North Dakota's oil industry. WL Plastics also has facilities in Texas, Kentucky, Utah, Wyoming and the Canadian province of Alberta, Canada.
MIDVALE, Utah-- Ally Bank, wanting to focus on auto lending and consumer deposits, is trying to take another step away from the mortgage industry.
SALT LAKE CITY-- A sentencing hearing for a scientist who has pleaded guilty in Utah's first industrial espionage case turned on testimony Thursday about the damage to a chemical company. Federal investigators say the 42- year-old chemist emailed a secret drug recipe from a Utah company to a brother-in-law in India.
NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.
SALT LAKE CITY-- Shares of Fusion-io Inc., a provider of data center technology, tumbled in after-hours trading Wednesday after it said earnings fell 45 percent in its fiscal first quarter, and it offered a weak outlook for the current quarter.
SALT LAKE CITY-- Utah gave its final approval Wednesday for the first commercial tar sands project in the U.S., handing a victory to a Canadian company that aims to start producing 2,000 barrels of oil next year in the start of what could grow into a larger operation.
SALT LAKE CITY-- A report comparing the current housing market to the situation four years ago says the picture is noticeably bleaker in Utah's largest counties. "We are certainly not trying to indict anybody in elected office for causing this," Daren Blomquist, vice president of marketing for RealtyTrac, told the Deseret News. "
SALT LAKE CITY-- A report comparing the current housing market to the situation four years ago says the picture is noticeably bleaker in Utah's Salt Lake County. An analysis by foreclosure tracking firm RealtyTrac notes that Salt Lake County's home prices are down 36 percent and unemployment has doubled since 2008..
COLUMBUS, Ohio-- A report says conditions are improving at an Ohio prison that was transferred from state to private operation last year. The report says the North Central Correctional Complex in Marion has seen reductions in cases where force was used on inmates and inmate-on-inmate assaults.
RENO, Nev.-- Two federal agencies violated the Endangered Species Act and now must reconsider additional protection for the Lahontan cutthroat trout and other rare fish adversely affected by the 700- mile Ruby pipeline that carries natural gas from Wyoming, through Utah and Nevada into southern Oregon, a federal appeals court ruled Monday.
WASHINGTON-- Mitt Romney's transition team is quietly talking with government officials and Capitol Hill to develop a plan, if he's elected, to prevent massive cuts to the defense budget and extend tax cuts first passed under President George W. Bush. The economic policy planning is a major element of what's dubbed " The Readiness Project" inside the campaign.
SALT LAKE CITY-- Utah officials say the state's unemployment rate dropped to 5.4 percent for the month of September. The data released Thursday by the state Department of Workforce Services shows that 73,100 Utah residents were out of work in September. The data shows that Utah has added about 24,400 jobs over the past 12 months.
MONTGOMERY, Ala.-- Amendment 7 on Alabama's ballot looks like a simple measure to preserve the right to a secret ballot. Kurt Wallace of Maplesville, said he wants to stop union organizers from harassing employees who won't sign a card. Al Henley, president of the Alabama AFL-CIO, says there is harassment, but it's from the other side.