deseretnews.com - Business News http://deseretnews.com/business The latest business news from the Deseret Morning News en-us Copyright 2007, Deseret News Publishing Company Thu, 15 May 2008 00:00:01 MST Thu, 15 May 2008 13:53:58 MST Newspapers http://blogs.law.harvard.edu/tech/rss Icahn Threatens Yahoo Board Fight After Failed Bid http://deseretnews.com/dn/view/0,5143,700226145,00.html Billionaire investor Carl Icahn threatened to seek control of Yahoo! Inc.'s board if the Internet company doesn't revive takeover talks with Microsoft Corp. over its failed $47.5 billion bid. Thu, 15 May 2008 08:44:10 MST Wall Street is mixed after jobless claims report http://deseretnews.com/dn/view/0,5143,700226147,00.html Wall Street traded mixed Thursday as investors struggled to discern a direction for the economy after reports showing a modest increase in jobless claims and weakness in the manufacturing sector. Thu, 15 May 2008 08:47:20 MST CBS in $1.8B deal for online news, info site CNet http://deseretnews.com/dn/view/0,5143,700226143,00.html Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet, the companies announced Thursday. Thu, 15 May 2008 08:42:51 MST Utah outperforming the national economy http://deseretnews.com/dn/view/0,5143,700226151,00.html Not only is Utah outperforming the national economy, there's about to be an announcement that more new jobs are coming to the state. Thu, 15 May 2008 10:03:01 MST Utah drivers cut gasoline use by 20#x25 in a decade http://deseretnews.com/dn/view/0,5143,700225955,00.html Are you eating 20 percent less than a decade ago? How about using 20 percent less water? Are you buying 20 percent fewer clothes? Are you living in a home that is 20 percent smaller? Thu, 15 May 2008 00:00:00 MST Home construction takes a dive http://deseretnews.com/dn/view/0,5143,700225950,00.html Utah is in the midst of its worst home-building constriction in nearly 30 years, according to the University of Utah's Bureau of Business and Research. Thu, 15 May 2008 00:00:00 MST Industrial output plunges, second big drop in 2 months http://deseretnews.com/dn/view/0,5143,700226142,00.html The nation's industrial output plunged in April, reflecting big cutbacks in autos and other manufacturing industries. Thu, 15 May 2008 08:41:38 MST Bernanke: Banks need to bolster risk-management http://deseretnews.com/dn/view/0,5143,700226141,00.html Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday. Thu, 15 May 2008 08:40:18 MST The cost of living http://deseretnews.com/dn/view/0,5143,700225951,00.html If you think you're paying more at the grocery store, you're right: Food prices along the Wasatch Front have gone up 5 percent over the past two months. Thu, 15 May 2008 00:00:00 MST Delta pilots approve changes to contract http://deseretnews.com/dn/view/0,5143,700225949,00.html Delta Air Lines Inc. pilots voted overwhelmingly in favor of changes to their contract that will give them pay raises, an equity stake and other benefits, but also will give management more leeway as part of a proposed combination with Northwest Airlines Corp. Thu, 15 May 2008 00:00:00 MST Apple Valley is location for a new movie studio http://deseretnews.com/dn/view/0,5143,700225953,00.html Southern Utah's Apple Valley has appealed to folks looking for some solitude. Now it will be the home of a multimillion-dollar enterprise that its developers say could become a movie and TV production mecca. Thu, 15 May 2008 00:00:00 MST Ream's shuts down Plum Tree location http://deseretnews.com/dn/view/0,5143,700226018,00.html Although Ream's Family Foods at 2250 N. University Parkway closed late last month, customers still pull up to an unexpected surprise at the store entrance. Thu, 15 May 2008 00:00:00 MST Tourism industry pumps $6B into Utah economy http://deseretnews.com/dn/view/0,5143,700225957,00.html Roger Dow didn't wear a red tie and didn't tug on his shirt collar on Wednesday, but the leader of the Travel Industry Association described travel and tourism as the "Rodney Dangerfield of industries." Thu, 15 May 2008 00:00:00 MST Actor Quaid testifies for the right to sue drug companies http://deseretnews.com/dn/view/0,5143,700225954,00.html Actor Dennis Quaid told Congress on Wednesday that taking away the right to sue pharmaceutical companies would turn consumers into "uninformed and uncompensated lab rats." Thu, 15 May 2008 00:00:00 MST Mesa Air to close Air Midwest http://deseretnews.com/dn/view/0,5143,700225956,00.html Mesa Air will shut down subsidiary carrier Air Midwest, cutting off service to 16 small cities in 10 states because of soaring fuel prices, the company said Wednesday. Thu, 15 May 2008 00:00:00 MST Mini Universal Studio coming to Fairpark? http://deseretnews.com/dn/view/0,5143,700225952,00.html Perhaps JT Martin is a closet fan of the "High School Musical" movies. Thu, 15 May 2008 00:00:00 MST Toy sellers set safety limits http://deseretnews.com/dn/view/0,5143,700225958,00.html The nation's biggest toy sellers are requiring their suppliers to meet new standards that limit the amount of lead and other metals and compounds in toys and children's products, getting ahead of federal legislation. Thu, 15 May 2008 00:00:00 MST Broadcaster Clear Channel OKs $17.9 billion buyout http://deseretnews.com/dn/view/0,5143,700226003,00.html Clear Channel Communications Inc., the largest U.S. radio broadcaster, has agreed to a $17.9 billion buyout, less than the original accord, after private-equity firms and banks financing the deal reached a legal settlement. Thu, 15 May 2008 00:00:00 MST Whole Foods Market says profit dropped 13#x25 http://deseretnews.com/dn/view/0,5143,700225959,00.html Whole Foods Market Inc., the largest U.S. natural-foods grocer, said profit fell 13 percent in the second quarter on expenses related to its acquisition of Wild Oats Markets Inc. Thu, 15 May 2008 00:00:00 MST Macy's Inc. reports $59M first-quarter loss http://deseretnews.com/dn/view/0,5143,700225972,00.html Macy's Inc. reported a $59 million first-quarter loss Wednesday because of lower sales and the costs of consolidation, which the company said should start paying off next year. Thu, 15 May 2008 00:00:00 MST Texas court overturns award in Vioxx case http://deseretnews.com/dn/view/0,5143,700226040,00.html A Texas appeals court on Wednesday overturned a multimillion-dollar verdict against Merck & Co. in one of the few trials it lost over its withdrawn painkiller Vioxx. Thu, 15 May 2008 00:00:00 MST American Fork-based Hybrid Dynamics acquires Delaware American http://deseretnews.com/dn/view/0,5143,700226002,00.html Hybrid Dynamics Corp. said it has acquired Delaware American Motors Inc. in an all-stock transaction. Thu, 15 May 2008 00:00:00 MST