Savers to open
in South Jordan
Savers, a national chain of thrift stores, will open its seventh store in Utah next week. The new 28,000-square-foot location is at 10551 S. Redwood Road in South Jordan. The store operates in partnership with Big Brothers Big Sisters of Utah.
The number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors. The Labor Department said applications fell to 353,000, down from a revised 388,000 the previous week and the biggest drop since February 2010. In Utah, claims dropped by 137, to 1,625, the Department of Workforce Services said. The four-week average fell by one application, to 1,759.
Google revealed what it will charge for its long-awaited, ultra-fast Internet service in Kansas City, $70 per month. The service is intended as a test for the development of new ways to use the Internet. Bypassing the local cable and phone companies, Google has spent months and an unknown amount of money installing its own optical fiber in the Kansas City area.
Users around the world briefly experienced problems accessing Twitter on Thursday, a day before the official start of the 2012 Olympic Games, which are expected to cause a big spike in use of the micro-blogging site. About three hours after it first acknowledged the problem, Twitter said in a statement that the "site issue" had been resolved. The outage marked the second time in just over a month that the site has been hit by problems.
Nomura Holdings Ltd. CEO Kenichi Watanabe has resigned in the wake of an insider trading scandal that has tarnished the reputation of Japan's biggest investment bank as regulators worldwide clamp down on unethical practices in the banking industry. The chief operating officer also resigned.
Regulators are investigating Standard & Poor's over some of its ratings, according to a regulatory filing by S&P's parent company. The McGraw-Hill Cos. says the Department of Justice and the Securities and Exchange Commission are investigating whether S&P broke federal laws when rating certain investments. S&P says the accusations are unfounded.