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Show THE PARK RECORD www.parkrecord.com Business. SAT/SUN/MON/TUESJUNE 11-14,2005 L""V"T" A-9 BU5INESS EDITOR: Anna Bloom 649-9014 ext 110 busine«@pftrkrecordLcom irjefc-ffj Deep Blue Seafood catches big fish . ' % . - * . . - . . • • >-•:. • Job growth strong, report says VT: )ir'r\\ (U »Much stronger regional and local ! job gains and tighter labor markets are challenging Utah's small business sector, according to Zions Bank. Zion9 Bank Small Business Index for Utah declined slightly to 114.5 in May, down from a revised 114.6 in ARril' . Utah's unemployment rate is at an estimated 4.9 percent in last month, up slightly from the prior month's 4.8 percent. However, total Utah employment is up an estimated 38,000 jobs during the past 12 months, one of the strongest annualized gains in eight ye^ars. This rise compares to a revised '•- gain of 40,400 jobs in the prior year;-.oyer:year period. jrr- ^The totals compare to gains aver{ aging 38,000 new jobs annually- dur1 InQ the 1994-2000 period and a net i loss of 1,300 jobs in 2001 through j 2003. Stronger job gains, leading to greater income creation and rising i retail spending, has a positive impact I on Utah's small businesses and therefore, the Index ? Additional information is available atwww.zionsbank.com. _ > , Seafood market orders fresh each day while keeping costs low By ANNA BLOOM Of the Record staff According to Deep Blue Seafood and Grocery co-owner Derrick Kinsey, when he received a fresh shipment from a fishing company in Hawaii the other day, the shrimp were still alive and flipping after their first-class flight. Perhaps it sounds like a fisherman's tall tale, but he had only called the Pacific Ocean supplier that" morning, and in the evening he and his partner, Chris Hall, were cutting fish meat. If Hall and Kinsey don't appear squeamish touching salmon gills or lobster tails, perhaps it's because both have held jobs as fishermen. Before opening Blind Dog Grill with his wife, Kinsey also part-owner of Deep Blue Seafood Derrick Kinsey and Hall were 'dock partners' or roommates on the East Coast for commercial and charter fishing companies. Until a month and a half ago, in fact. Hall still had his sea legs. "A couple months ago, I was in Nice, France, on a boat, and up 'til now I had been at sea for 14 years," Hall explains. *Tm actually sitting in a house right now with no furniture." The partners are using their experience to their advantage. Their relationships with various fishing companies GRAYSON WEST'I'PARKRECORD over the year has provided them with enough connections to sidestep the mid- Deep Blue Seafood has the capacity to store special orders for multiple restaurants according to co-owners dleman most Utah vendors and restaura- Derrick Kinsey, right, and Chris Hall. Klnsey's wife, Penny Kinsey, is also part-owner of the market. teurs deal with, according to Kinsey. up, we said 'that's it. Let's do this,'" he Park City Seafood. "I'm amazed at the way Penny and "That's what's driving these prices - recalls, referring to the previous tenant Deep Blue Seafood has the capacity Derrick come in and whip things togetheverything is straight from the fishing of the space. to store special orders for multiple er," he said. company. I've always thought that restaurants, Kinsey says. For the restaui In addition to seafood inventory, a what Utah lacked was the availabil- £ £ r and op cni g on 3u 2 D ee p corner of the store offers high-end ity of super-fresh seafood. A lot of Thafs whafs driving these prices -every-. | l c f " . ~ ™A ,t u f cheeses, meats and condiments. 3 r chefs are ordering shipments on ' Blue Seafood has invited the chefs The grand opening will feature samI., Shoppers Saturday, June 11 at their own, but I can actually comthing iS Straight from the fishing COmpa- and restaurant owners to a special ples of prepared dishes and fish, Kinsey 1 Redstone Town Center will benefit pete with their suppliers," he says. 1 said. ny.A lot of chefs are ordering shipments c e e -what'sets us apart is that we Summit County charities with their The shipments of Deep Blue In the future, the deli-style fish marcan d o custom o r d e r s w h i c h means \ purchases. During the Redstone Seafood's tuna, shellfish, salmon on their own, but I can actually compete we can actually cut - portions for ket will have tables and chairs, and. Hall \ Block Party from 1 p.m. to 5 p.m., a ; and lobsters come from all over the restaurants, and we can store large says, photos from when he and Kinsey with their suppliers." I percent of proceeds from sales will , world, Hall explains. amounts of fish and keep them worked together in the East. "Once we get a sample sent, we support a number of groups. - Derrick Kinsey fresh," he explains. "I think [the photos] will explain a know we can trust the company, 100 Uve music at Wild Oats, specials Deep Blue Seafood serves lot," percent," he says. Deep Blue Seafood co-owner lunches daily, with freshly prepared tell." he said. "We have lots of stories to for shoppers and a drawing at Vtda for ; Before the store opened May 27, ^ M ^ tuna salads, soups and other creLocated at 1792 Bonanza Drive near a pair of Donald Pliner boots and ! the idea of opening a market had The Kinseys had been ordering their ations in addition to Blind Dog favorites White Pine Touring, Deep Blue Seafood purse will be part of the event. Other \ been tossed between friends for someseafood since they opened Blind Dog, like sushi, crab cakes and 'Dream Loaf is open from 11 a.m. to 6p.m. Mondays businesses are donating a portion of •• time, according to Hall. and, according to Derrick Kinsey. had meatloaf Executive Chef Penny Kinsey through Saturdays and closed Sundays. 1 sales to local'eharjfjes: HapaGriH<will k : "When Park City Seafood went belly- even1 sold some to local vendors like cooks for the restaurant. Redstone Town Center hosts block party r^i be donating'ftjthe Deria Genh'Srrnan *"• Donation Fund!'Panda Express is ! benefiting Swaner Nature Preserve and Casa Bella will be giving a share of its earnings for the day to Rosie's. [ Car Seats for Kids. ''U<A p sSuinnier Adventure Camp begins . Monday . t ;?;d iDeer Valley's Summer Adventure ; Camp, for children ages one to 12 years old, will open Monday, June 13. Kids can participate by the day, week or season in the program, which combines a blend of interests and activities designed to ensure they are not only learning, but having fun. The tenweek program is filled with arts, crafts, swimming, mountain trail hiking, mountain biking, team-oriented sporting events and a weekly field trip. The camp will last through Aug. 19, from 9:30 a.m. to 4 p.m. daily. Center drop-off hours are from 8 a.m. to 5:30 p.m. '••/* For further information, visit the Snow Park Lodge at Deer Valley Resort or contact Erin Grady at (435) 645-651& ^ ^ . n, . .,..,:., s , , ^ : Stock prices increase following positive company news NEW YORK (AP) Positive company news gave stocks a moderate lift Wednesday, as Tracinda Corp. carried out a plan to substantially raise its stake in General Motors Corp. and Texas Instruments Inc. issued a brighter outlook, but higher oil prices muted the market's advance. At midday, the Dow Jones industrial average rose 42.49, or 0.4 percent, to 10.525.56. The broader gauges also advanced. The Standard & Poor's 500 index was up 3.82, or 0.32 percent, at 1,201.08. The Nasdaq composite index advanced 4.64, or 0.2 percent, to 2,071.80, after briefly sliding into negative range. STOCK 21.08 iaoa .2900 2.75 3.30 .1150 3.92 t.ee 35.34 5.25 9.52 CHANGE -.37 -.27 +.0100 +.10 -.0050 ••• -.14 -.13 +.68 +.30 +.09 NAME for clues about how long the current GM rose 5 percent, or $1.52, to $32.25, interest rate tightening cycle will go on. after billionaire investor Kirk Greenspan hinted in recent remarks Kerkorian's Tracinda boosted its stake in that the end is in sight; once it comes, the automaker to 7.2 percent, having purit's likely to provide a catalyst for chased 18.9 million shares as part of a stocks, said Susan L. Malley, chief tender offer. Kerkorian had been seeking investment officer for Malley Associates to purchase up to 28 million GM shares at Capital Management in New York. $31 apiece. "The two biggest weights on the marAlso on the Dow, Caterpillar Inc. ket have been rate increases and oil added 1.8 percent, or $1.74, to $96.27, as prices. Stock valuations now are good, analysts at Prudential raised the stock's profits are still good. ... We'd all love it if rating to "overweight." And Texas economic growth were a little more Instruments jumped 80 cents to $28.08 robust, but it's still above trend growth," after the chipmaker raised its secondMalley said. "We're still expecting a posi- quarter earnings forecast and narrowed tive year, and we arc optimistic that when its revenue outlook, citing higher demand it seems like the end to rate increases is for semiconductor products and seasonal coming, that will be a positive for stocks." growth for educational calculators. Data for companies of interest to Utah investors, June 9, 2005 PERFORMANCE LAST ALBERTSONS (A8S> ALTERS (ATRS) AWERSM (AESK) BSDMED (BSDM) CLEARONE (CLRO) COMTHERMAL (CfO) DELTAAIR (DAL) DYNATRONfCS (DYMT) WHITING PETRO (V/LL) EVANSSUT (ESCQ FXENERGY (FXEN) The U.S. dollar slipped against the euro as traders, concerned about the U.S. economy, awaited Federal Reserve Chairman Alan Greenspan's remarks to Congress on Thursday. Bonds were flat, with the yield on the 10-year note steady at 3.92 percent. Crude oil was up 54 cents at $54.30 per barrel on the New York Mercantile Exchange, as a weekly government report on fuel inventories showed an unexpected 3 million-barrel draw on crude; analysts had expected a build. Gasoline inventories were also down, though supplies of distillate fuels rose. Stocks appear stuck in a trading range ahead of the next Fed meeting, set for later this month, as investors look flic Uiah Slock Report is provided by Denell Ree\es ol Paulson Investment Co., Park City, l-lah LAST 7.65 FRANKCOV (FQ HEADWATERS (HDWfl) 31.67 HUNTSMAN CORP (HUN) 18.65 INTLAUTSYS (lAUS) .30»X) INTRAV^ST (tDR) 23.26 IOMED (1OX) 2.12 IOMEGA (IOM) 2.81 KJ-UGHTTRAr© (KT-JGT) 22.66 KROGER (KR) 16,71 K)MBERCLK{KMB) 64.90 MEfflTMD (T^MSn 1&.27 CHANGE NAME +•23 MIT>^[TE(t.1irV) MYBADG [WYGN) NATRSUN (NATR) NOVELL (NOVL) NP6PHARMA (NPSP> MJSK3N (NUS) I-WTRACEUT (NUTR) I-800CONT (CTAC) OVERSTK (OSTK) RC. GROUP <Pi ICY) QCOf^M INT {QMM) +-.10 -.0100 + 25 ..03 -.06 2.22 .01 -.,03 -.30 1BH - • - • • §• ••• LAST 15.25 15.20 16.67 C\29 10.66 23. OS 13.05 19.50 40.13 .0270 3.80 CHANGE -.01 -.11 +.24 -.02 -.20 +.05 .18 -.01 + .67 +.0020 NAME LAST QUESTAR (S7R) SCOGROUP (SCOXf SCOTTPWR (SPI) SENTOCP (SMTO) &KYWEST (SKY\V) SOWSTAIR (LUV) TENFOLD (TENF) USANAHLT (LSNA) UTAHMED(Lm,1D) VAILASSO (MTN) WEIDERNUTR (WN1) 63,05 4.09 33.51 2.50 tare 14,54 .3900 42.02 21.45 27.24 4.13 CHANGE NAME -.83 -.02 -.09 +.19 -.19 -.07 +.0200 •1.20 •25 WELLSFAR (WFC) ZEVEXtZVW) Z1ONSBKCP (2ION) -.3fi .01 LAST . . . . .. _ . . . .. ' 30 INDUS +.13 -.10 -.15 - DOW JO NES : CHANGE 61.50 4.15 71.80 *fc AVER>^"'S 10476.88 -6.21 7J Qrt on T D A M Q ZO THANS 15 UT1LS 3537.73 370.27 +.14 • • 1•II^H Hi - dim J4 uSSvfim Good Things Take time Marble • Traverj l ^ a l Natural Stone Flooring r; : Wholesale to the.Pi . It takes the average plant about three years to establish and start to 'Mo something." Be Patient! 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