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Rising joblessness fuel foreclosures, delinquencies in Utah
A growing number of Utahns who purchased expensive homes with prime adjustable rate home loans are slipping into foreclosure as unemployment continues to rise, the Mortgage Bankers Association said in a new report Thursday.
Nov 20, 2009 | 12:35 am | Loading…
Wells Fargo to return $123M to Utah investors
Lanny Smith of Alpine wanted security and liquidity when he invested several million dollars of his hard-earned money in tax-free municipal bonds with Wells Fargo in August 2007.
Nov 20, 2009 | 12:05 am | Loading…
Chamber Report: Five birds on a wire
Recently I presented a speech to a great group of young, talented college students. By the questions they asked, it was obvious that collectively they had some major concerns about what to do in life. They expressed a great fear that the work world was changing so fast, that it was virtua…
Nov 19, 2009 | 12:05 am | Loading…
Lindon Ponzi suspect faces new charges of attempted murder
Jeffrey Mowen of Lindon, accused of scamming investors out of more than $18 million in a Ponzi scheme, faces new federal charges including attempting to kill four witnesses to prevent them from giving their testimony at his trial.
Nov 18, 2009 | 6:45 pm | Loading…
Chamber Report: The core benefits of chamber membership
Each year the Chamber of Commerce board of directors meets to determine what direction the chamber should take in helping members succeed. The board members spend time in drafting a Program of Work that is responsible and fulfils the needs of the broadly based group of chamber members. Th…
Nov 12, 2009 | 12:05 am | Loading…
New criminal charges filed against alleged Alpine Ponzi scammer
Nineteen new criminal charges have been filed against Rick Koerber, an Alpine businessman accused of duping hundreds of Utah investors into pumping millions of dollars into real estate investments he claimed were making profits from 2005 through 2007, when in fact they were losing money.
Nov 11, 2009 | 12:35 am | Loading…
Settlement reached over bankrupt Joaquin Village in Provo
A settlement was reached Tuesday between a partner and the developer of Joaquin Village, a proposed student housing project in northeast Provo that's been stalled for more than a year because of the recession and tighter lending standards.
Nov 11, 2009 | 12:20 am | Loading…
Nature’s Sunshine settles securities fraud charges for $6M
A three-year-long class action lawsuit alleging insider trading and securities fraud by several top executives of Nature's Sunshine Products Inc. was settled for $6 million, company officials announced Friday.
Nov 07, 2009 | 12:20 am | Loading…
Laid-off Lindon workers get federal help
LINDON -- Federal assistance will be available to 30 laid-off workers of ModusLink Corp.'s operations in Lindon and Raleigh, N.C., after federal government officials on Thursday said the company shifted its electronic packaging production to Singapore and Mexico.
Nov 06, 2009 | 12:00 am | Loading…
25 Utah student entrepreneurs honored
Paul Dickson, founder of Meter Solutions Pros LLC, made his first million dollars in the midst of the worst recession since the Great Depression, and he is planning to break ground next summer on a school for entrepreneurs in West Africa where he served his LDS mission.
Nov 06, 2009 | 12:00 am | Loading…
Chamber Report: Eat here or we both go hungry
I returned from a business trip recently and saw two great ads on signs while on the trip. One was on a car dealer's pole sign. It read, "We're not Number One, You Are." I liked that attitude and thought to myself that this dealer really gets it when it comes to a customer's value. The se…
Nov 05, 2009 | 12:10 am | Loading…
Ancestry.com hopes to raise $100 million in IPO
NEW YORK -- Genealogy Web site Ancestry.com hopes to raise about $100 million when it goes public this week. With more than a million paying subscribers, little competition, a small debt load and a record of increasing revenues, it may fare better than other IPOs that have recently priced…
Nov 05, 2009 | 12:10 am | Loading…
Associated Food's Fresh Market stores debut in Utah
Shoppers will get a free 5-pound bag of sugar if they trade in their defunct Albertsons loyalty cards to celebrate the official takeover Monday of 34 Albertsons stores in Utah by Associated Food Stores and their conversion to Fresh Market.
Nov 03, 2009 | 12:00 am | Loading…
Orem man sentenced to 30 months prison for tax evasion
An Orem man who was accused by the U.S. Justice Department of promoting bogus tax scams that cost the U.S. Treasury more than $135 million and siphoning $20 million from investors nationwide, was sentenced to 30 months prison for tax evasion, federal regulators announced Friday.
Oct 31, 2009 | 12:20 am | Loading…
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