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Newspaper
Standard Examiner
Location
Ogden, Utah, United States of America
Date
Feb 01, 2013
Page
4
Utah will receive 1.39 million in a national settlement over improper home foreclosures tied to Lender Processing Services. The case targets robo-signing where banks signed off on documents without proper review, with about 40 000 documents involved.
NYMX quotes show gold and silver movements with slight declines and gains. Gold falls to $1,660.60 per troy ounce after $1,669.90 prior, while silver moves around $21.00 per troy ounce with minor shifts. Copper edges lower in the CME CBOT trading session on metal price activity.
Hostess Brands nears selecting two lead bidders for Twinkies and other snack cakes, C Dean Metropoulos and Apollo Global Management, forming a stalking horse bid to set the floor for an auction. A judge must approve final sale. The Irving Texas company seeks quick action after bankruptcy to capitalize on nostalgia while rivals could gain shelf share.
The Ninigret Group LC has acquired 185 acres in Syracuse to develop Ninigret Park North a mixed use project in the northeast corner near Freeport Center and State Route 193. Former Salt Lake County Mayor Peter Corroon joins to manage the project alongside plans for Ninigret Depot in Tooele County and a 140,000 square foot refrigerated facility by United States Cold Storage. Mayor Jamie Nagle supports the project saying it will create jobs and daytime population for Syracuse and Davis County.
Layton mayor Steve Curtis outlines the 60th Utah Legislature agenda with emphasis on municipal taxes. Gasoline tax hikes, food sales tax, and telecommunication levies are debated to avoid burdening taxpayers, while property tax changes remain uncertain. Curtis promotes solid, stable funding for local governments.
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