Salt Lake-based online closeout retailer Overstock.com Inc. said Monday it raised $16.8 million through the issuance of 700,000 shares of its common stock at $24 per share.
The issuance was made under an existing shelf registration statement.
The company said it expects to use the net proceeds primarily for general corporate purposes and working capital requirements, including sales and marketing activities and inventory purchases.
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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