Utah

With Uber in turmoil, Lyft’s ridership surpasses all of 2016

Detroit • Ride-hailing service Lyft carried more passengers through June this year than it did in all of last year as it capitalized on missteps by Uber. Ridership through June surpassed the record 162.5 million rides it gave in all of 2016, Lyft said Monday. A spokeswoman wouldn’t give an exact number. The company has made its gains as some people avoid Lyft’s much larger rival, Uber. Both companies are based in San Francisco. Uber has been without a CEO since June when company co-founder Travi...


By ‘virtualizing’ rent-to-own purchases, Utah’s Progressive Leasing is leading its field and makes more than $1 billion a year

While working at a consumer finance company, Curt Doman and Brent Wilson noticed that 30 to 40 percent of the customers who applied for credit at retailers would be turned down — and they figured those shoppers then turned to rent-to-own stores, like Aaron’s or Rent-a-Center. “We thought, why not just virtualize rent-to-own and let the furniture operator offer it right in their location?” Doman said. The lease-to-own company they launched in 1999 now has revenues of more than $1 billion a year.... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>


With Outdoor Retailer show gone, Utah will try to convince people there’s more to the state than redrock

Remember when a couple of Golden State Warriors players said earlier this year that they’d rather play the Los Angeles Clippers than the Utah Jazz in the second round of the NBA playoffs because there’s nothing to do in Salt Lake City between games? Visit Salt Lake responded with a playful video of people enjoying downtown bars and restaurants, wrote Golden State players and fans a snarky invitation to watch it, enjoyed media coverage of its comeback and reveled in the T-shirts the Jazz printed ...


Institute wants to create transplant organs for vets

Manchester, N.H. • A bio-research and manufacturing institute that hopes to develop transplant tissues and organs for injured American soldiers and other patients has opened in New Hampshire. The Advanced Regenerative Manufacturing Institute, which opened Friday in Manchester, will be led by Dean Kamen, who invented the Segway, an all-terrain electric wheelchair and several other devices. The University of New Hampshire and the Dartmouth-Hitchcock Medical Center will be part of the institute. Ka...


Real estate broker Redfin jumps in stock debut

Shares in Redfin Corp. soared in their stock market debut Friday as investors bet on the residential real estate brokerage’s growth prospects despite a U.S. housing market that’s been hampered by a worsening shortage of properties for sale. The stock climbed $6.70, or 44.7 percent, to close at $21.70. The gain came against a backdrop of mostly sluggish trading on Wall Street. The major U.S. stock indexes ended mostly lower. Seattle-based Redfin priced its initial public offering of about 9.2 mil...