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Utah Business Opportunities and Website Updates - Real-time news, listings, and website updates of interest to buyers of Utah businesses for sale from the leading Utah business broker.
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| Southern Utah Fun Center - Price Reduction 01/09/12
In place manager, $68,000 in cash flow, asking just 75k
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| Childrens Athletic Center - New Listing 01/06/12
Established Center, generating $75,000.00 in cash flow.
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| Resort Area Childcare - New Listing 01/04/12
Caters to local and visiting families, solid year roung business, asking $82,000.00
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| Home Based Group Tour Travel Agency - Price Reduction 01/02/12
Home based, relocatable, over 1 million in revenue adking $60,000.00
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| Online Scrapbook Manufacturer - New Listing 11/15/11
$473,000 in cash flows, exceptional growth continues.
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| South Eastern Utah Assisted Living Facilities - New Listing 11/15/11
$384,000 in cash flow, includes Real Estate
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| Salt Lake County Tutoring - New Listing 11/15/11
$50,000 in cash flows asking just $24,900.00
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| Utah Property Management - New Listing 11/15/11
2.8 million in Revenues, long history, well known
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| Retail Craft Business - Price Change 11/15/11
Price changed to $235,000 with excellent cash flows.
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| Regional Newspaper - Advertising Company - Price Change 11/01/11
$64,000 in cash flow, great upside, asking 99k.
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| Davis County Assisted Living - Price Reduction 11/01/11
Asking just $110,000
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| Southern California Sports Performance Center- New Listing 11/01/11
Absentee sports training center, $232,000 in cash flow
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| Online Surf Shop- New Listing 10/11/11
Relocatable - Part time, internet Surf Shop, $54,000 in cash flow
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| Golf Business - Price Change 10/11/11
Part time, unique business, home based, relocatable, $113,000 in cash flow
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| Park City Family Restaurant - Price Change 10/03/11
Established Turnkey Family Dining - Price changed to $209,000.00
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| Purse and Clothing Botique - Price Reduction 09/15/11
one-of-a-kind purse and clothing quaint boutique shop, asking $109,000, with just 89k down
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| Online Payday Loan - New Listing 09/13/11
$140,000 annual cash flow, substantial online market.
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| Central Utah Auto - Price Reduction 08/22/11
$183,000 in cash flow, solid performance.
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| South Eastern Utah Assisted Living Center - Updated Financials 08/16/11
Sales $438,232 with $159,986 in cash flow.
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Small Business Headline News - Real-time news of interest to the small business owner or others looking to own or operate a small business.
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Tax deal seen passing despite cost concerns
WASHINGTON (Reuters) - President Barack Obama's bipartisan tax plan headed toward its first test in Congress on Monday as a major Wall Street firm warned that the damage to America's strained finances would outweigh any short-term economic boost.
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Tax-cut plan eases pressure on Bernanke and Fed
Tax-cut plan eases pressure on Bernanke and Fed
By JEANNINE AVERSA
The Associated Press
Updated Dec 13, 2010 12:54PM MDT
Washington ? The Federal Reserve last month absorbed a wave of criticism for announcing it will buy $600 billion in Treasury bonds to try to revitalize the economy. It won?t help, critics said.
So when Fed officials meet Tuesday, they?re likely to feel a weight has been lifted: The White House and key Republicans have agreed on a tax-cut deal that?s expected to do just what critics said the Fed?s bond purchases wouldn?t: Boost spending, spur hiring and speed economic growth.
Economists say they ...
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Fed billions propped up lenders in Utah
Fed billions propped up lenders in Utah
By paul Beebe
The Salt Lake Tribune
Updated Dec 11, 2010 12:00AM MDT
Cast your thoughts back to fall 2008, when the financial crisis was at its peak.
At the time, authorities from then-Treasury Secretary Henry Paulson on down to community bankers across Utah believed the nation?s financial sector was perilously near a meltdown after the collapse of investment bank Lehman Brothers.
Two years later, the Federal Reserve has revealed just how deeply it was involved in the crisis by releasing details of the $3.3 trillion in near-zero-percent-interest emergency loans ...
Copyright 2010 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Food production a bright spot in gloomy economy
Food production a bright spot in gloomy economy
staff and news services
Updated Dec 11, 2010 05:20PM MDT
Although the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few years: food production.
In Utah and across the nation, food producers are seeing enough growth that many are expanding and investing in new equipment.
For cheesemakers, dairy farmers and vegetable growers, the slow economy has brought opportunities to expand while construction costs are low. Foodmakers have also benefited from having products that consume...
Copyright 2010 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Bank complaints soar, even after law changes
Bank complaints soar, even after law changes
By PALLAVI GOGOI
The Associated Press
Updated Dec 11, 2010 05:21PM MDT
Complaints against banks are soaring, suggesting that new laws and regulations put in place since the financial crisis two years ago aren?t dampening Americans? anger over overdraft fees and foreclosure practices they view as unfair.
If the trend continues, experts say, it will set banks on a collision course with their customers and lead to tougher rules that will hurt their earnings.
The Office of the Comptroller of the Currency (OCC) estimates that complaints from customers of the 1,500 banks...
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Older, long-term jobless face label of ?downwardly mobile?
Older, long-term jobless face label of ?downwardly mobile?
By HUGH R. MORLEY
McClatchy Newspapers
Updated Dec 11, 2010 01:01AM MDT
For months after she lost her job as a customer-service representative at a paper tube manufacturer in New Jersey, Kathy Canova was convinced she would soon find another.
Lately, the 61-year-old Totowa, N.J., resident is not so sure.
?I have kind of lost hope about ever finding a job,? said Canova, who had planned to retire from the $42,000-a-year job at the age of 66.
?I could take early Social Security at 62? and accept a payment smaller than at full retirement, she added. ?But I couldn?t liv...
Copyright 2010 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Amid wreckage of financial crisis, bargains galore
Amid wreckage of financial crisis, bargains galore
By JULIE CRESWELL
The New York Times
Updated Dec 11, 2010 01:01AM MDT
It is the biggest rummage sale in Wall Street history ? what one investment company calls ?the Great Liquidation.?
Two years after Washington rescued Wall Street, hundreds of billions of dollars of bad investments ? in many cases, the same ones that poisoned banks and then the economy ? are going up for sale.
Entire financial businesses are being put on the block, too, as the giants of finance try to slim down.
The question is what this stuff is worth. Sensing opportunity, hedge funds and privat...
Copyright 2010 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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The Week Ahead
The Week Ahead
Updated Dec 12, 2010 11:49PM MDT
Convention Calendar
Tuesday
U.S. Figure Skating Association U.S. Junior Figure Skating Championships
Salt Lake County venues
Planned attendance ? 5,500
Runs through ? Saturday
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Economic Calendar
New economic numbers to be released this week:
Tuesday
Commerce Department ? Retail sales for November
Labor Department ? Producer Price Index for November
Commerce Department ? Business inventories for October
Federal Reserve ? Decision on interest rates
Wednesday
Labor Department ? Consumer...
Copyright 2010 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Few women in the corner office
Life Inc.: Women make up about half the work force and have a lower unemployment rate than men, but they still lag far behind the opposite sex when it comes to the top jobs.
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U.S. top-notch credit rating at risk?Moody's
Moody's says a tax and unemployment-benefit package agreed to by President Obama and Republican leaders will increase the likelihood of a negative outlook on the U.S. Aaa rating.
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Madoff's son suicide follows battle with trustee
For two years, the two sons of jailed financier Bernard Madoff portrayed themselves as honest whistleblowers of their father's historic fraud.
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Moody's may shift U.S. rating outlook on tax package
(Reuters)
Reuters - Moody's warned on Monday that it could move a step closer to cutting the U.S. Aaa rating if President Barack Obama's tax and unemployment benefit package becomes law.
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Risk appetite, deficit worries send dollar lower
(Reuters)
Reuters - U.S. dollar losses deepened on Monday, with traders chalking up the currency's broad decline to a combination of firmer risk appetite, year-end positioning and some concerns about strained U.S. finances.
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European shares extend winning streak, miners lead
(Reuters)
Reuters - European shares rose for a sixth straight day on Monday, the longest winning streak in five months, on optimism for the economy and as China's decision not to raise interest rates boosted miners.
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Grocery chain A&P files for bankruptcy
(Reuters)
Reuters - Grocery store chain Great Atlantic & Pacific Tea Co filed for bankruptcy on Sunday, drained of cash by tough competition and a sluggish economic recovery.
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Berlusconi pleads with lawmakers ahead of key vote
(AP)
AP - Premier Silvio Berlusconi battled for political survival Monday, warning lawmakers they risked plunging the country into financial instability unless they support his government in a pair of confidence votes.
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Slovak speaker suggests abandoning the euro
(AP)
AP - Slovak Parliament speaker Richard Sulik said Monday his country needs to be ready to abandon the euro and switch to its former currency if the euro debt crisis hits further countries.
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Asia retail sales tipped to be double US by 2014
(AFP)
AFP - Incentives to kickstart spending by Asian governments after the global downturn will help the region post retail sales almost double those of North America within four years, a report said on Monday.
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Home Market's Misery May Be 'Buy' Sign
(BusinessWeek)
BusinessWeek - A pall has settled over the U.S. housing market. The first-time home buyer's credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve's Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillion -- 52 percent lower than four years ago.
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Fed remains in the hot seat
The Federal Reserve has been in the hot seat since its last meeting. But don't expect its embattled policymakers to signal any significant change of heart when they meet Tuesday.
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Stocks: Week ahead will test the bulls
There's a growing sense of optimism on Wall Street about the economy, but this week's busy calendar could test the bull's resolve.
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Chinese inflation spikes on food costs
Higher food prices continue to be the main driver of inflation in China, raising the likelihood of an imminent interest rate hike as the country tries to reel in its red-hot economy.
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