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Show TTTW PAGE 6 2mttj$HmiU TUESDAY, FEBRUARY 12, 2008 JAM BUSINESS EDITOR I Grace Leong Local Industry News & Notes A A" Ml A Dow Jones Nasdaq S&P500 Gold Silver final Final. Final 12,240.01 57.88 2,320.06 2320.06 1,339.13 7.84 Per ounce $922.90 $4.50 Per ounce $17,433 $0,358 Retail Kohl's hiring 150 workers in Centerville Kohl's, a department store chain with one location in American Fork, is hiring 150 workers for its new store in Centerville. The Centerville store, scheduled to open in April, is part of a five-yeplan to operate more than 1,400 stores nationwide by 2012. A job fair will be held at Best Western Cottontree Inn, 1030 N. 400 East in North Salt Lake City between Feb. 17 and 2 1, The store is hiring associates for cash register operation, department service, customer service, early morning stocking, truck unloading, housekeeping and evening signagepricing updates. Kohl's associate benefits include medical insurance, 401(k) participation, employee stock ownership and merchandise discounts. Interested applicants should visit www.kohlscareers.com or call a to objob hotline tain further details, begin the application process and secure 12:30 an interview slot. Time: 11 a.m. - 6 p.m. on Feb. p.m. - 7:30 p.m. on Feb. 19, 9 a.m. - 4 p.m. on Feb. 20, and 12:30 p.m. - 7:30 p.m. on Feb. 21. EXCHANGING THE DOLLAR Yen Euro Pound Canadian dollar Mexican peso Grace Leong ; DAILY HERALD John Maciaszek, SCO's director to Epiq Bankruptcy Solutions of operating system product LLC, FDR Station, PO Box 5012, New York, NY 10150-501management. He received a Claims filed after that April severance payment of $486.91 deadline will not be honored. for 10 years of service with SCO. Janet Sullivan, manager SCO's fortunes began to of alliancecertification, return after a federal ruling in ceived a severance payment of August found that Novell, not SCO, owns the intellectual $3,246.93 for 10 years of service. Mike Almond, manager property rights to the Unix of vendor relations, received a code, derailing SCO's efforts to severance payment of $2,179.03 profit from Licensing the code. For the past four years, SCO for 16 years and seven months of service. had launched an expensive Krishna Aluri, a tech emlegal offensive against IBM, Novell and other advocates of ployee, got $693.07 in severd ance for 11 years of service, Linux opthe while Bruce Grant, SCO's erating system, claiming that it senior director on software owned the copyrights to Unix and therefore had the rights application research and develto sell Unix licenses: SCO also opment for mobile devices, received $2,118 in severance pay- claimed IBM stole code from ments for four years and eight Unix and put it into the Linux months of service, according operating system. to the court documents. Those claims were derailed after U.S. District Judge Dale Meanwhile, the company is Kimball in August ruled in faseeking court approval to set vor of Novell and ordered SCO April 10 as its final date for all creditors to file their claims to remit to Novell a portion of to the bankruptcy estate. All the fees it had collected from claims must be sent by April 10 selling Unix licenses to Sun 2. Bankrupt SCO Group laid off 30 workers, or about 26 percent of its total work force, citing an effort to reduce its operating expenses. The layoffs began on Jan. 31. 17-1- 8, Nutraceuticals The Lindon company, in court papers, said it had 123 workers at the time it filed for Chapter H bankruptcy protection last September. In a filing with the U.S. Securities Exchange, the beleaguered company said it is cutting its work force to "continue to focus on and serve its Unix customer base and to deliver on key opportunities with its mobile products and Nature's Sunshine to issue 5 cent quarterly cash dividend maker of Nature's Sunshine Products Inc., a Provo-basesupplements and personal care products, will issue a quarterly cash dividend of five cents per common share payable Feb. 29, to shareholders of record on Feb, 19. d the Move names new sales director for Utah and Idaho AT&T Inc. named Marty Clark its director of sales for wireless retail operations in Utah and Idaho at its office in Taylprsville. Clark will oversee sales and operations for 15 d retail stores in Idaho and Utah including company-ownetwo in American Fork and Orem. Clark, who began his career in the wireless industry in Utah in 1986, has more than 20 years of experience in the wireless industry. He has held leadership roles in regional sales and marketing in Utah, Texas and Louisiana. He currently serves on the executive board of the Hale Centre Theatre. Coldwell Banker names new agent for Spanish Fork-E- van Mickelsen has joined the Spanish Fork sales team of Coldwell Banker Residential Brokerage. Mickelsen is a graduate of the Utah Real Estate School, which is owned by Coldwell Banker Residential Brokerage. AT&T services." Company officials on Monday declined to comment on the layoffs. But in court papers filed last week, the company said it will pay severance to five workers it terminated on Jan, 31. Among the workers terminated were freely-distribute- Examining Monday Friday 106.93 $1.4518 $1.9502 1.0019 10.7613 107.38 $1.4506 $1.9455 1.0009 10.7609 1 workers Lindon company cuts 26 percent of total work force 24-ho- People On lays off CO ar gleongheraldextra.com 0 Microsystems and Microsoft. Novell has claimed those fees could potentially amount to $40 million. SCO is now awaiting the federal trial start of a four-da- y with Novell in April that will hopefully wrap up the remainder of the four-yelegal battle over intellectual property rights to Unix. The trial, which was initially stayed in September because of the bankruptcy filing, will examine whether SCO had the authority to collect Unix license fees and what portion of the fees it collected from Microsoft Corp., Sun Microsystems and other Linux customers should be returned to Novell. The bankruptcy filing put Novell's efforts to collect the money, and all other litigation with IBM, Red Hat , and others on hold. The outcome of the trial is critical because it could have repercussions on whether SCO can move forward with a proposed sale of the Unix business investment to New York-base- d firm York Capital Management LLC or to any other interested party. ar Alternatives National Briefing Bush to sign economic rescue package WASHINGTON President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch during a brief introduction to his annual economic report. Bush is expected later this week to sign the $ 168 billion economic rescue package passed by Congress, which includes rebates of $600 to $ 1,200 to most taxpayers and $300 checks to disabled veterans, the elderly and other 'A v. - V low-inco- people. St. George looks into bids for airport land P ST GEORGE St. George has received five offers to purchase the land under its airport and is actively pursuing two of them. Though city officials declined to name the property's suitors, they did say that one of the prominent offers came from a Utah firm and the other from Texas. They also didn't disclose dollar amounts, but have said in the past that offers would need to be at or near the land's $46 million appraised value to be viable. The city needs to sell the land to finance the construction of a new airport, estimated to cost about $177 million. That airport is scheduled to open in 2011. The city will continue to use the existing one until then. Chevy SUVs full-siz- Stocks of local interest performance of selected publicly traded companies Yesterday's SYM COMPANY AA LAST CHANGE ALCOA INC INC ABSY ABSOLUTESKY ABX BARRICKGOLDCP LAST CHANGE 6.83 TECHNOLOGY 0.30 MU MICRON 0.00 MYGN Myriad Genetics, 49.89 0.21 NATR NATURES 0.14 Inc. 38.65 SUNSHINE 8.26 025 0.10 1.01 0.27 NETM 5.94 N0VL NetManage, Inc Novell, Inc .4.58 44.74 6.54 0.00 6.28 0.06 NUS NU SKIN ENT INC 16.29 0.04 AMER ELECTRIC POW CO AMER AMD ADV MICRO DEVICES AMGN Amgenlnc BAC BK OF AMERICA BAM BROOKFIELD BLL BALL BMY BRISTOL MYERS SQIBB C CITIGROUP INC COMPANY 34.06 AEP INTL GROUP SYM 0.036 AIG 43.43 46.38 0.21 NWN NORTHWEST 46.78 0.72 CP 42.14 0.02 OMTR Omniture, Inc 25.46 0.52 ASSET 31.53 0.05 PCG PG&E CP 40.07 0.32 44.75 0.38 Q QWEST 22.95 0.12 RZ RASER TECHNOLOGIES SCOXQ SCO GRP INC (THE) SHLD Sears Holdings CP NAT GAS C0MM 5.13 0.00 9.55 0.30 0.07 0.005 101.07 2.4S INTL INC 25.81 0.22 CMCSK Comcast 16,84 0.0226 COST Costco Wholesale 64.00 0.74 Sll SMITH INTL INC 59.85 2.21 CVX CHEVRON 80.43 1.17 SKYW 24.63 0.77 18.00 0.19 SNT0 SkyWest, Inc SENT0C0RP 0.19 STR QUESTARCP 52.91 1.52 78.15 028 SY SYBASE INC 27.74 0.36 0.50 INC CORP DAL DELTA AIR LINES NEW DIS WALT DNEX Dionex Corporation ERIC LM ETR ENTERGY FC FRANKLIN COVEY CO C 31 Ericsson CP .93 0.1150.025 20.45 0.16 T AT&T INC 36.87 106.95 2.65 TGT TARGET CP 54.19 1.69 7.52 0.10 TRV THE TRAVELERS CO 45.91 0.65 UDRINC 2229 4822 002 32.09 0.25 3.90 Coip. Health Sciences 37.84 0.01 GE GEN ELECTRIC CO 34.01 0.17 UDR HR8 H R BLOCK INC 18.76 0.01 UNH UNITEDHEALTH HSIC Henry Schein. Inc IBM INTL BUSINESS INK 58.66 0.76 USB US BANCORP 105.14 1.87 USEG U.S. Energy 20.68 0.42 USNA USANA JBLU Intel Corporation JetBlue Airways 6.86 0.04 UTMD Utah JCP PENNEY J C CO 49.95 232 VZ JWN NORDSTROM 37.98 0.88 WB 11.61 0.30 WEN WENDYS MACH INC LEE LEE ENTERPRISES LUV SOUTHWEST MCK MCKESSON MER MER-- J MMSI MSFT GROUP 23.57 0.42 29.54 0.06 WAL MART STORES &C0 MLCOCMNSTK 51.92 WNI SCHIFF NUTRIT INTL MERRILL LYNCH 21.75 027 025 X UNITED STATES STEEL 0.49 XEL XCa ENERGY 035 ZION Sons Bancoiporation THE E. Schmid ASSOCIATED first-clas- INC PRESS ficials said. 022 INTL INC WELLS FARGO Randolph 0.52 34.38 49.60 0.84 6.10 0.16 Press seem inclined to raise the bid Monday, releasing a statement describing its current bid as "full and fair." Calling Yahoo's decision "unfortunate," Microsoft didn't back off from its quest either. "Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties," the Redmond, Wash.-base- d company commissions to thousands of Web sites last year. Without identifying its sources, the Times of London also reported Yahoo is exploring a merger with Time Warner Inc.'s AOL, another popular Internet property that has been struggling in recent years. A Yahoo spokesman declined to comment on the report. Investors appear convinced Microsoft's bid remains Yahoo's best bet, given the said. Sunnyvale-base- d company's While assessing its response profits have been steadily to Microsoft, Yahoo's board declining despite a managealso examined a wide range ment shake up eight months of alternatives that included ago and repeated promises of a turnaround extending back forging an ad partnership with Google, which paid to 2006. nearly $5 billion in marketing Mailing a letter will cost a penny more in May 5137 0.37 CP WMT PRESS 1.53 36.79 WACHOVIA WFC ASSOCIATED 0.00 VERIZON COMMUN 0.03 one of the Internet's prized franchises. The cash-an- d stock deal is now valued at SAN FRANCISCO Yahoo about $40 billion, or $28.91 per Inc.'s rejection of Microsoft share, because of a drop in Microsoft's market value. Corp.'s unsolicited takeover bid left investors guessing the But Yahoo didn't raise next move in a tense mating antitrust concerns about the dance that may hatch a more proposed deal and added lanimposing challenger to Google guage that seemed to invite a Inc. or disintegrate into a higher offer from Microsoft, the world's largest software bruising brawl. The rebuff, formally anmaker. "The board of directors is nounced early Monday, wasn't a surprise because continually evaluating all of Yahoo had leaked its intention its strategic options in the conover the weekend. text of the rapidly evolving As expected, Yahoo's board industry environment and we unanimously decided to spurn remain committed to pursuing initiatives that maximize value Microsoft after concluding the offer for all stockholders," Yahoo originally worth said in a statement. $44.6 billion or $31 per share Microsoft, though, didn't "substantially undervalues" THE 20.61 0.03 0.01 Michael Liedtke . 10027 0.36 29.99 Products Medical 12.81 Merit Medical Systems 16.56 Microsoft Corporation 2821 0.35 DOVARGANESAssociated Yahoo's rebuff of bid leaves investors guessing WASHINGTON It's time to stock up on Forever stamps. ' The cost of mailing a letter will go up a penny to 42 cents on May 12. But the Forever stamps will s still be valid for postage after that. And they can be bought for 41 cents until the new rates take place, postal of- ' 57.71 AIRLINES CORP DAMIAN Yahoo Inc. on Monday spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate, betting that it can elicit a higher offer from the world's largest software maker or find another way to deliver a comparable payoff to its shareholders. spark safety investigation WASHINGTON The government is investigating ree sport utility ports of engine fires in General Motors' ' vehicles. The National Highway Traffic Safety Administration said in a posting on its Web site that it has received two reports of fires on 2007 model year Chevrolet Tahoe SUVs. CENT' The post office has sold 5 billion Forever stamps since they were introduced last April and it plans to have an additional 5 billion in stock to meet the expected demand before the May price change, the agency said. The charge for other services, such as advertising mail, periodicals, packages special services will also change. Changes in the price for Priority Mail and Express Mail will be announced later, the agency said. Postage rates last went up s in May 2007, with a stamp jumping 2 cents to the first-clas- current rate. In the past raising postage rates was a long, complex process involving hearings before the independent Postal Regulatory Commission, a process that could take nearly a year. But under the new law regulating the post office that took effect in late 2006the agency can increase rates with notice as long as changes 45-da- are within the rate of inflation for the previous 12 months. The Postal Regulatory Commission calculated that rate at 2.9 percent through January, s rate to an increase of just over a limiting the first-clas- penny. Under the new law, postal prices will be adjusted each May, the Postal Service said. Officials said they plan to give 90 days notice of future changes, twice what is required by law. |