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| ImaRx to cut most staff after deal sours ImaRx Therapeutics Inc. will cut its workforce after a deal to sell its drug assets fell through. |
| Solar firm touts new panel material Global Solar Energy unveils a new product that simplifies solar-electric module manufacturing. |
| Raytheon awarded $59.5M contract Raytheon Missile Systems won a $59.5 million contract for the Block 1 Rolling Airframe Missile. |
| Housing permits plunge in Phoenix Single-family housing permits in the Phoenix metropolitan area are expected to decline more than 43 percent in 2008, to a level of about 17,600, according to the most recent Greater Phoenix Blue Chip Economic Forecast released by the JPMorgan Chase Economic Outlook Center at the W.P. Carey School of Business at Arizona State University. |
| Energy outlook bleak for Arizona and U.S., economist tells forum PHOENIX — Halting the rising cost of gasoline, now at a national average of $4.05 per gallon, has become a dominating theme of the 2008 election. |
| Use of gray water should be a choice, not a mandate Well-intentioned members of the Tucson City Council want to mandate a requirement for water harvesting and gray-water systems within the city limits. The city would dictate that each new house be pre-plumbed to process gray water from showers and bathroom and laundry sinks. |
| Top professor leaving UA for UC-Riverside; cites cuts in budget The University of Arizona has lost a premier biochemistry researcher, who cited a continued lack of state support as one of his main reasons for heading to California. |
| Pima Health loses AHCCCS appeal bid Pima Health System will lose 90 percent of its acute-care patients after the state's Medicaid program denied its request to keep most of those members. |
| Gas prices to stay high, U.S. predicts WASHINGTON — Gasoline prices should peak at $4.15 a gallon this summer, the government says — finally an encouraging word for motorists who might be thinking the cost of a fill-up will just keep climbing. |
| Testimony wraps up in Asarco's fraud suit BROWNSVILLE, Texas — Testimony concluded Wednesday in the fraud trial involving Tucson copper producer Asarco LLC and its former parent company. |
| Enterprising UA team a winner Mandy Berry, a student at the University of Arizona, wanted to help local youngsters get opportunities they might not otherwise have. |
| Marie McIntyre: Boss's boss is a tactless moron, so just concentrate on your work Q I am in a very strange situation. When I was recruited by this company, I was told I would be reporting to the vice president. But when I started work, the VP said that I would report to one of his directors instead. |
| Selection of lead Asarco bidder is being challenged CORPUS CHRISTI, Texas — Grupo Mexico SAB and Harbinger Capital Partners asked a bankruptcy judge to throw out the results of a competition to name the lead bidder in a $2.6 billion auction of bankrupt copper producer Asarco LLC. |
| Anheuser-Busch weighs Belgian buyout proposal ST. LOUIS — Anheuser-Busch Cos., the nation's biggest brewery, received a $46 billion buyout offer Wednesday from a Belgian brewer. |
| What to do Comedy |
| Personal, business bankruptcy filings in Valley up 77% Wed, 11 Jun 2008 17:01:43 MST A weak job market, housing woes and other financial stresses took a toll on residents. |
| Aggressive measures for US Airways Thu, 12 Jun 2008 00:00:00 MST Flight cuts, layoffs, new passenger fees expected. |
| State faces tough energy choices Thu, 12 Jun 2008 00:00:00 MST Experts meet to discuss power demands. |
| Asarco mining trial comes to close Thu, 12 Jun 2008 09:39:14 MST BROWNSVILLE, Texas - An Arizona mining company was broke and forced to cannibalize property and equipment after its Mexican parent company stripped away its most valuable asset, lawyers alleged in closing arguments of a month long trial Thursday. |
| Telescope built in Gilbert is launched into space Wed, 11 Jun 2008 16:30:25 MST Telescope built in Gilbert is launched into space |
| Westcor plans developments, improvements Wed, 11 Jun 2008 17:28:53 MST The company ponders ways to shape AZ retail. |
| US: Gas to peak at $4.15 a gallon Wed, 11 Jun 2008 09:36:36 MST Prices to stay around $4 most of next year. |
| Qwest chief Pat Quinn stepping down Wed, 11 Jun 2008 13:07:32 MST Known as one of state's most influential people. |
| FDA still hunting source of salmonella outbreak Wed, 11 Jun 2008 14:31:43 MST WASHINGTON - Federal health officials haven't yet traced the source of salmonella-tainted tomatoes but, amid an outcry from farmers, are clearing innocent crops as fast as possible. |
| Algae's bright future Wed, 11 Jun 2008 18:14:27 MST Phoenix-based startup XL Renewables Inc. plans to grow algae for animal feed and biodiesel on 40 acres in Casa Grande next to a dairy farm. |
| House refuses to extend unemployment benefits Wed, 11 Jun 2008 15:31:17 MST WASHINGTON - The House on Wednesday narrowly defeated a Democratic attempt to give unemployed Americans an extra three months of jobless benefits after the White House threatened to veto the bill. But Democratic leaders said they will immediately bring the bill back for a second vote on Thursday. |
| Stimulus payments result in record May deficit Wed, 11 Jun 2008 11:30:08 MST Stimulus payments result in record May deficit |
| US Airways: Fuel bill to rise by $2B Wed, 11 Jun 2008 14:46:35 MST Fuel costs per passenger doubled since 2007. |
| Sky Harbor fuel pipeline to get more security Wed, 11 Jun 2008 13:20:57 MST PHOENIX - A new state law could beef up security for Phoenix Sky Harbor International Airport's sole source of jet fuel, but it's unclear who will pay for any future safety upgrades. |
| Snowflake biomass power plant in full operation Wed, 11 Jun 2008 00:00:00 MST Plant sends electricity to Arizona Public Service Co. |
| Brazil giant may target Freeport Wed, 11 Jun 2008 00:00:00 MST Vale may be preparing to launch a takeover bid. |
| Heat, economy bring hard times for merchants Wed, 11 Jun 2008 00:00:00 MST Downtown Scottsdale retailers expect shoppers to be scarce each summer, but that seasonal slump is compounded this year by an ailing economy, increased competition and a decline in sales during the busy tourist season. |
| Mortgages Ltd. shores up firm's operations Wed, 11 Jun 2008 00:00:00 MST It will not make new loans to developers. |
| McCain says gas prices won't drop Wed, 11 Jun 2008 09:24:59 MST WASHINGTON - Record high prices for gasoline probably won't drop before the November election, Republican John McCain said Wednesday. |
| Honeywell sells Valley unit Wed, 11 Jun 2008 00:00:00 MST The $1.05 billion sale of Honeywell's Phoenix-based aircraft hardware distribution business could result in layoffs and closed facilities for both the buyer and seller. |
| Lehman Brothers removes finance, operating chiefs NEW YORK (AP) -- Lehman Brothers Holdings Inc. shook up its management Thursday, removing two top executives in a concession that attempts to quell Wall Street anger over recent losses have failed.... |
| Politics an obstacle for InBev's Anheuser-Busch bid ST. LOUIS (AP) -- Belgian brewer InBev is offering a big payday to shareholders of Anheuser-Busch Cos. Inc., but its bid to create the world's largest beer company is already facing a major obstacle - U.S. election-year politics.... |
| Caterpillar plans $1B plant capacity expansion CHAMPAIGN, Ill. (AP) -- Caterpillar Inc. said Thursday it will spend $1 billion over the next two years to expand capacity in five of its Illinois factories, and will shift production at some of its plants.... |
| United to charge $15 for first checked bag CHICAGO (AP) -- Baggage fees are fast becoming an unavoidable part of U.S. flying - the largest two carriers now charge $15 for a first checked bag.... |
| Citigroup to close Old Lane hedge fund NEW YORK (AP) -- The hedge fund Citigroup's CEO built is closing, the bank said Thursday.... |
| Invitrogen to buy Applied Biosystems for $6.4B CARLSBAD, Calif. (AP) -- Invitrogen Corp., which makes technologies for disease research and drug discovery, on Thursday agreed to pay $6.4 billion in cash and stock for scientific instruments maker Applera's Applied Biosystems Group.... |
| High fuel prices, sluggish economy ease trucker shortage ALBANY, N.Y. (AP) -- Bob Lingyak's job is a lot easier these days.... |
| Minority entrepreneurs get recognition Wed, 11 Jun 2008 15:37:22 -0700 How pervasive is racism in the business world today? A local entrepreneur and Mayor Phil Gordon offered their takes on the topic today at a minority business conference at the Phoenix Convention Center. Lam Bui, a Vietnamese immigrant who came to the United States in 1975, gave the keynote speech in which he talked about the challenges he encountered in starting his printing business. Racism, he said, was a common obstacle in landing new customers in the early years. However, he said, times have changed and today it's hardly an issue. "We don't see the color any more," said Bui, owner of Complete Print Shop, which celebrates 30 years of business this year. Gordon, who spoke after Bui, made a point during his speech to correct Bui, saying racism is still very alive in the business community with Hispanic businesses being "targeted" in the recent immigration debates. Gordon urged the audience to do what they can to prevent individuals from taking advantage of different minority groups. Local business owners: Have you been discriminated against because of your ethnicity? In addition to speeches by Bui, Gordon and several other community leaders, the Arizona Minority Enterprise Center honored several minority business owners today at the Phoenix Convention Center. The winners were recognized as part of the 15th Annual Minority Enterprise Development Week, which highlights the contribution of minority businesses. The Arizona Minority Enterprise Center is a federal agency that is run locally by the Arizona Hispanic Chamber of Commerce. It provides counseling and education for local business owners. The businesses and owners honored this year were: ' Andale Construction Inc., Minority Construction Firm of the Year ' STG Industrial Maintenance LLC., Minority Service Firm of the Year ' El Charro Cafe, Minority Retail Firm of the Year ' Johnnie Funderburg, Minority Business Advocate of the Year
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| Arizona regulator revokes Freedom Financial's mortgage license Wed, 11 Jun 2008 16:57:18 -0700 The Arizona Department of Financial Institutions has revoked Mesa-based Freedom Financial & Mortgages Services license. The company has also been ordered to pay a $25,000 fine. The regulatory move comes after the Superior Court dismissed Freedom Financial’s appeal of the Department of Financial Institution's original revocation of Freedom's license in October 2007. Department of Financial Institutions' Superintendent Felecia Rotellini said the court ruling “sends a clear message that a mortgage company is not excused from submitting misleading loan applications because the borrower cooperates in the deception. In The case started in 2006 with an investigation into Freedom Financial business after the Department of Financial Institutions received complaints about fraudulent loans. The regulator issued a Cease and Desist Order on At and administrative hearing over its license, Freedom Financial admitted it had used false advertising, failed to conduct proper investigations before hiring loan officers, employed people "whose business conduct it could not control," and allowed borrowers to sign documents containing blank spaces, according to the regulator. . |
| Parents who left tots in car won't be charged Thu, 12 Jun 2008 10:25:38 -0700 A story in this morning's East Valley Tribune says no charges will be forthcoming in two high-profile cases last year in which two kids died after their parents left them inside hot cars. Such cases have always left me conflicted in that there's no doubt that these children suffered terribly before they gave it up. But there is also this: the parents didn't mean for it to happen. Then again, I've always rejected the old "they've suffered enough" argument because they haven't suffered nearly as much as the children they've killed through their negligence or inattention or error or whatever you want to call it. But is that really want we want to do? Punish them? Then again, wouldn't we punish them if it was somebody's else's child they'd left to die? It's a tough call. So should such people be prosecuted or not? Now, not one but two juries of our peers has answered the question. The Maricopa County Attorney's Office put each case to a separate grand jury, asking that they be charged, not with manslaughter or negligent homicide but with the lesser charge of child abuse. In each case, the grand jury said no. |
| Phoenix, developer lose bid to make it tougher to challenge what they're doing Thu, 12 Jun 2008 10:07:40 -0700 Score one for the little guy. It's been a rough time for regular folk. You know what I mean. Nobody listens. (Think about the last time you reached an actual person who could do anything when calling a government office…I know. Me neither.) These days, you can't afford to buy gas, you dare not buy tomatoes and you're worried about whether you'll have a job next month. That's assuming you still have a job this month. Now in the midst of all that gloom and doom comes one small sliver of sunshine for the unheard, the unheralded, the uninitiated in the ways of the rich and powerful. Yes, we can challenge a $100 million government giveaway to a shopping mall developer without being punished for it. A judge on Monday declined to order a conservative think tank to pay close to $700,000 to the city of Maricopa County Superior Court Judge Robert Miles understood that this was about so much more than whether the Goldwater Institute – having taken the city to court and lost (so far) -- should have to reimburse Team Phoenix/Klutznick for their ridiculously expensive time in having to defend the giveaway. You know the story. How cities for years have been throwing obscene subsidies at developers to get them to build stores they would build anyway. How Phoenix Mayor Phil Gordon was against such giveaways until he was suddenly for them last year. Thus came forth the largest known retail subsidy in state history: It was enough of an outrage to spur the Legislature to outlaw the practice and the Goldwater Institute to round up some small business owners to challenge it in court, on grounds that when the framers of the state constitution wrote that our leaders can't give away our money, they meant even to powerful, well-connected developers. Goldwater lost, of course. Miles in April ruled that the $100 million isn't a gift but an opportunity to lease parking spaces, a chance to ace out The case is on appeal, in the hope that the Supreme Court will return us once more to the days when cities had to follow the constitution. Hey, it could happen A few years ago, the high court did just that when Meanwhile, within weeks of winning in Superior Court, Klutznick – who wasn't even a party to the lawsuit until asking to join in – wanted Goldwater to pay its fees, too, and for remarkable reasons. Among them: because Goldwater reps publicly mocked, demeaned and otherwise made fun of CityNorth, dubbing it the “Taj-Ma Mall” “A straight-up challenge to the continued validity (of case law) could have been brought without painting CityNorth as a ‘heinous villain' and without depicting this massive, multi-use project as just a ‘luxury shopping mall',” Klutznick's attorney, Lisa Hauser, wrote in her request that Goldwater hand over $381,000. “These gimmicks were used in a carefully scripted public opinion campaign to raise the center's public profile and fill its coffers.” Fortunately, the judge correctly understood the concept of the First Amendment and the inevitable effect of imposing huge financial penalties on people who legitimately question what our leaders are doing. Noted the judge: “If I have to … pay the other guy's fees if I lose, even though I think I've got a legitimate claim here I just can't do it. And so that government action goes unchallenged.” Actually, I think that's what the city and the developer had in mind. (Column published June 12, 2008, Scottsdale Republic.) |
| Arizona a swing state for McCain? Wed, 11 Jun 2008 17:01:13 -0700 Interesting story in the Washington Times, by longtime Phoenix New Times reporter, John Dougherty, who writes today that John McCain now expects to have to battle it out to win his home state. Dougherty reports that the McCain campaign has added Arizona to its list of “battleground states”. That's not terribly surprising, when you consider the rise of independents in this state coupled with the rise of conservative distrust of the senior senator since his immigration amnesty plan last year. I imagine he'll pull it out in the end, but it can't look too good elsewhere, having to acknowledge that you'll be forced to fight it out to win the state you've represented for a quarter century. |
| Hey, why not just sue Mother Nature? Wed, 11 Jun 2008 14:37:33 -0700 You knew it was just a matter of time…a Gilbert parent has filed a claim with the Gilbert school district, signaling his intent to sue. It seems it rained during his son’s graduation last month and now he wants the school district to give him $400 -- money to cover the air fare for his daughter to fly in for the festivities and to replace a jacket ruined by the downpour. "What's the old Boy Scout rule?" Kirk Gossett asked reporters. "Be prepared." This from the man who wants the school district to pay for a jacket ruined by the rain. |
| Silence in road rage case is stunning Tue, 10 Jun 2008 17:30:03 -0700 You go, because a 69-year-old woman ought to be able to make it to church and back on a Sunday morning. You go, because you can't understand how anyone could open fire on women and children. Because it's an outrage that it could happen here, in our city, on our streets. Because the silence, since then, has been a stunner. And so you go to It's an ordinary street, with a park and ball fields on one side and a neighborhood of modest homes on the other. The sort of place where a family should feel safe on a Sunday afternoon. “Nobody can believe what happened,” said a neighbor who, like everyone in this city, is struggling to make sense of it. “It's crazy. It just makes you wonder. It could have been my mother or my kids. I don't understand it.” That makes about four million of us. LeGarde, her daughter and three of her grandchildren had attended services Sunday morning at All Tribes Assembly of God on She never made it to It was 16 minutes past noon. LeGarde was shot in the back of head. She died at 5 p.m. at On Tuesday, the family was cleaning out LeGarde's Elvina LeGarde was a San Carlos Apache, a widow who worked as a mail clerk at Within hours of her death, her family hit the streets, posting fliers that plead for help in identifying the killer. The driver was a Hispanic woman, believed to be around 21 and pregnant. The shooter was a Hispanic man, in his mid to late 20s, who spoke English well. The car, a white Escort or similar car, had gray interior and a necklace hanging from the mirror. That's not much to go on but it should be enough for someone to call Silent Witness (480-WITNESS). Because it's an outrage that this could happen here, in our city, on our streets. Ziek Kemp works in the area where Elvina LeGarde was killed Sunday. On Tuesday, he stood on “It's shocking,” he said. “But I hear a lot of crazy (stuff) on the news every day that don't make sense. The sad thing is when you hear gunshots regularly and it don't even faze you and you don't even get up. There's always somebody being a fool. I mean, this is a city that has more than four million people in it. It only takes one to start a war.” Or, to make a call. |
| Finally, we have our first employer sanctions bust.... Tue, 10 Jun 2008 16:29:49 -0700 ...and it's Waterworld? After five months of waiting, I'm glad to see that we're finally cracking down on employers who hire illegal immigrants. That was the idea, right? To go after the resorts and the restaurants and the homebuilders and such who we all know are hiring illegal immigrants? Today's big bust, courtesy of the sheriff's office, netted six arrests of suspected illegal immigrants who work at Waterworld. They also served subpoenas there and at Golfland and Big Surf. Yet strangely not a single employer was hauled off in handcuffs. Hopefully, that will come if these places are indeed thumbing their nose at the law. Waterworld is a start, I suppose, but just barely. Me? I'm waiting for some of the power players in town to get a visit from our local sheriff. |
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