Salt Lake-based BSD Medical Corp. on Thursday said it has received a quarterly payment of nearly $5.3 million as proceeds from the earnout from the sale of TherMatrx Inc. for the first quarter.
BSD uses microwave thermal therapy to treat diseases. It sold TherMatrx to American Medical Systems in July 2004.
While earnout payments are not guaranteed, the payment is in line with the company's initial expectation that the total sale payment would be $30 million to $40 million, it said. Payments so far have topped $15.5 million. Three more payments are projected through February.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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