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| Wall Street ends turbulent week with sharp gains Fri, 13 Jun 2008 18:00:33 MST Govt. readings on inflation and a drop in oil prices eased worries about rising prices on consumers. |
| New fees lift US Airways stock Sat, 14 Jun 2008 00:00:00 MST Plans for fresh passenger charges wow Street. |
| Small tech companies highlighted Fri, 13 Jun 2008 17:35:52 MST Arizona hopes to raise the its biotech profile. |
| Firm angling to buy Asarco has own baggage Sun, 15 Jun 2008 00:00:00 MST The international company that is proposing to buy bankrupt polluter Asarco LLC comes with its own set of environmental and human rights baggage. |
| Some Facebook apps thrive, others flop Sat, 14 Jun 2008 00:00:00 MST Creating catchy applications is becoming more challenging as the number of applications vying for users' attention grows and their sophistication increases. |
| Pizzerias cut waste to weather slow economy Sat, 14 Jun 2008 00:00:00 MST Arizona pizzerias are trying to turn a profit on ever-tighter margins. |
| Nearing finish line, AZ energy bill draws fire Fri, 13 Jun 2008 15:15:23 MST PHOENIX - A wide-ranging bill to push energy efficiency and use of power from renewable sources is nearing its final legislative hurdles, with its champion saying it's needed to protect the state's future and a critic calling it an economic threat. |
| Low-cost airlines skip fancy terminals Sat, 14 Jun 2008 00:00:00 MST Fashion boutiques at airport terminals may be pleasant diversions for weary passengers, but low-cost airlines are heading in the less extravagant direction, says a new study. |
| New iPhone's model is tough on unlockers Sat, 14 Jun 2008 00:00:00 MST NEW YORK - The new iPhone and the way it will be sold look set to shut down a small industry that arose to make the first version of the iconic phone available around the world. |
| SRP will buy power from geothermal plant Fri, 13 Jun 2008 00:00:00 MST The deal is for 10 megawatts of clean energy. |
| Billions at stake as Asarco mining trial ends Thu, 12 Jun 2008 15:15:10 MST Judge to determine if Grupo Mexico looted Asarco. |
| Obama: Payroll tax on incomes above $250,000 Fri, 13 Jun 2008 10:28:29 MST COLUMBUS, Ohio - Democrat Barack Obama said Friday he would apply the Social Security payroll tax to all annual incomes above $250,000, which would affect the wealthiest 3 percent of Americans. |
| Govt. suspends property-flipping rule Fri, 13 Jun 2008 12:54:02 MST Effort aims to speed sale of foreclosed properties. |
| Goodbye, smoky casino rooms? Thu, 12 Jun 2008 16:56:46 MST Casinos may give smokers free rein, but they're investing in smoke-clearing equipment to keep non-smokers happy. |
| SRP wins energy award for conservation efforts Fri, 13 Jun 2008 12:18:53 MST The National Energy Resources Organization awarded Salt River Project with its 2008 Energy Efficiency Award for a prepayment plan that encourages customers to conserve energy. |
| High energy prices spur inflation jump Fri, 13 Jun 2008 08:31:09 MST Indicator shot up at the fastest pace in 6 months. |
| Survey sees 'ugly' '08 for construction Thu, 12 Jun 2008 17:51:17 MST The outlook for the construction industry is ''ugly'' this year, with permits for single-family homes expected to drop sharply and industrial, office and retail vacancies likely to rise in the Phoenix area. |
| Salmonella scare halts Mexican tomato exports Thu, 12 Jun 2008 18:23:08 MST MEXICO CITY - Export-quality tomatoes labeled ''Ready to Eat'' in English flooded Mexico City markets on Thursday after a salmonella scare in the U.S. trapped them south of the border. |
| 19 Ariz. cases confirmed in salmonella outbreak Thu, 12 Jun 2008 17:24:16 MST 19 Ariz. cases confirmed in salmonella outbreak |
| Ritz-Carlton developer's suit to block group Thu, 12 Jun 2008 17:58:54 MST The developer of the Ritz-Carlton, Paradise Valley Resort has filed a lawsuit in Maricopa County Superior Court to block a referendum brought by a citizens group over the project. |
| Ford tells union more cuts needed as market slumps DETROIT (AP) -- With the U.S. auto market worsening for Ford Motor Co. almost daily, managers told union officials Friday that the company will have to further reduce its factory work force in the coming months.... |
| The Weather Channel moves closer to deal with NBC NEW YORK (AP) -- An investor group led by NBC Universal moved closer to buying The Weather Channel Friday after Time Warner Inc. dropped out of the bidding.... |
| Waste collectors Republic, Allied in buyout talks NEW YORK (AP) -- Waste collection and disposal companies Republic Services Inc. and Allied Waste Industries Inc. said Friday the companies are discussing a possible buyout deal.... |
| Google grows stronger in Microsoft-Yahoo fallout SAN FRANCISCO (AP) -- Microsoft Corp.'s abandoned takeover bid for Yahoo Inc. appears to have culminated with a disheartening thud for those two companies but amounted to yet another coup for online search leader Google Inc.... |
| Bud fans weigh possible Belgian takeover ST. LOUIS (AP) -- More than any other beer, Budweiser is an American icon: Its Clydesdale horses are fixtures of Super Bowl ads, and even the label is red, white and blue, with an eagle swooping through the "A" for Anheuser-Busch.... |
| Chrysler raises prices 2 percent on 2008 inventory AUBURN HILLS, Mich. (AP) -- Chrysler LLC is raising prices by an average 2 percent on most of its remaining 2008 vehicles in response to rising costs of steel and other raw materials.... |
| Floods could reduce corn supplies, raise prices NEW YORK (AP) -- Floods that have inundated the Midwest could reduce world corn supplies and drive food prices higher at a time when Americans are already stretching their grocery budgets and people in poor countries have rioted over rising food costs.... |
| Mistaken identity? Z'Tejas sues Hotel Scottsdale Fri, 13 Jun 2008 18:18:45 -0700 No one disputes that protecting a company's brand recognition is a key part of building a successful business. That recognition can come from catchy advertising slogans, logos and other media content companies use to represent themselves. Businesses experts say protecting those images is important, especially if you run a small business operating in field crowded with several competitors. The owners of the Z'Tejas restaurant chain have taken that advice to heart by filing a lawsuit in U.S. District Court for the District of Arizona against Hotel Scottsdale. The southwestern-style chain, which has restaurants in Phoenix, Tempe, Chandler and Scottsdale, is accusing the hotel of violating a trademark the eatery has on its logo, which includes an oversized red letter "Z." The hotel, located Scottsdale and Chaparral Roads, operates a restaurant called CeZar's, which also uses a logo that includes an large red Z. Z'Tejas' civil complaint, which was filed June 6, argues that Hotel Scottsdale "has intended and intends to continue to trade upon the goodwill and consumer recognition associated with the Z'Tejas mark." The complaint also states Z'Tejas management has asked Hotel Scottsdale to change its logo, but the company has refused. The complaint seeks an injunction barring Hotel Scottsdale from using the red oversized Z in its logo, damages Z'Tejas says it has suffered because of the confusion caused by the logos and reimbursement for attorneys fees. Hotel Scottsdale has not filed a response to the suit yet. Business owners, how important is your logo and other brand marketing materials to the success of your business. Do you think Z'Tejas' case has merit? Do you think their logos are similar enough to cause confusion? |
| $1 million for retirement health care? Plan on it Thu, 12 Jun 2008 11:06:11 -0700 If you're not investing with future health-care costs in mind, you should be. So says the Employee Benefit Research Institute, which estimates a typical baby boomer couple in their mid 50s should aim to accumulate $1.06 million to meet health costs throughout retirement by the time they reach 65. Single men aged 55 should aim for $555,000 by 65, and single women of the same age should strive for $654,000. Those estimates seem eye-poppingly high, in part because they're designed to deliver a 90-percent probability that you won't run out of cash in retirement for health care. If you can live with lower odds, you don't need nearly as much. And if you're among the relatively lucky few who can expect to receive an employer health subsidy in retirement wouldn't need as much. On the other hand, the estimates don't include possible outlays for long-term care or basic living costs. Also, the estimates assume people are currently in reasonably good health. You can read more at the group's Web site, www.ebri.org. |
| Families' stories not always easy to tell Thu, 12 Jun 2008 17:15:30 -0700 Chandler reporter Megan Boehnke fills in for Mike Stephens with this blog. A year ago, Sgt. Caleb Christopher died by a roadside bomb in Iraq. |
| Good dads are with you always Fri, 13 Jun 2008 20:52:50 -0700 I had a little visit from my dad the other day. An early Father's Day gift, you might say, from him to me. There he was suddenly, dropping by to check in. It was unexpected but really, not surprising. Good dads are like that. They have a way of popping up at all sorts of times, in all sorts of places. I was looking through some computer discs at old family photos when I came upon a file that looked different from the rest. I clicked on it and there, suddenly, was Dad, looking straight at me across a restaurant table. I wasn't there, but I could tell from the bandage on his arm that it was in the final months of his life, before the cancer took him. Someone, probably my brother, was trying to take a picture and had accidentally hit the button on the camera that records video instead. Over and over I watched those precious few seconds, mistakenly recorded, as my dad talked to the waiter about bread sticks and pondered the merits of the Caesar salad and asked others at the table what they were having. It was ordinary lunchtime conversation, nothing special. Not then, anyway. Tomorrow will be my fifth Father's Day without my dad. He died four years ago last week. He, like all fathers, was a lot of things during his life. An only child who came late to his parents and thus was treasured all the more. A boy who grew up during the Depression and learned that the most valuable things – love, honor, faith – don't cost a dime. A teenager who went to fight the Nazis and came home a man. A husband, a father and grandfather, a respected journalist. (Yes, there have been a few.). But like a lot of dads, he was so much more than we realize when we are young. He was the guy who must have been dead tired every night when he came home from work yet couldn't wait to sit down on the floor after dinner and play games. He was the guy who drove through the night to rescue a daughter who caught the wrong bus home from college and wound up in another state. Instead of a complaining, he just smiled as if I had given him a gift, an unexpected opportunity for father-daughter adventure. Like most good dads, he knew the secret to fatherhood was just being there, and he was. For every rough moment in my life and for every joyous moment and for most of the moments in between. As it turns out, those were the best moments, those ordinary ones. The delight he took in the sight of a blue hibiscus – the one I somehow managed to keep alive in the Arizona heat when he never could. The sweetness of an after-dinner walk when, arm in arm, we would talk about anything or sometimes nothing at all. The chance to watch him with my own children and to see once again just how special it is to have a man such as this in a child's life, even when the child is now a woman. I've learned a lot in these past four Father's Days. Mostly, that the best dads aren't remembered so much for the big things they do. Instead, it's the lifetime's worth of little things they do that together become the biggest thing of all. And I've learned that good dads never die. They pop up, still, during the rough times and the joyous times and in so many times in between. They are with you always. All those years when you thought you were wrapping him around your little finger? Turns out he was busy wrapping himself around your heart. (Column published June 14, 2008, The Arizona Republic) |
| Do all parents deserve a second chance? Fri, 13 Jun 2008 12:27:20 -0700 I see that 28-year-old Carlton Anderson feels “sick to his stomach” about leaving his four children, all under the age of 5, alone overnight Wednesday in an unlocked apartment filled with garbage, broken beer bottles and little else. According to court records, Fortunately, his three-year-old twins went wandering and were about to wander right into traffic on I-17 when they were found and rescued. The tots led police back to what passes for their “home,” which had broken beer bottles covering the kitchen floor and trash piled up in the corner and oh yeah, no food. The father was arrested when he returned to the apartment at 8 a.m. Thursday. As of Friday morning, mommy hadn’t shown up yet. The four children, ages 1 to 4, were taken by CPS and put into foster care. This is likely the last we’ll hear of them but based on the cases I’ve studied, I have a pretty good idea of what will happen next. CPS will develop a plan to reunify the children with their parents (assuming mommy and daddy want them back, that is). They’ll offer parenting lessons and free bus tickets and they'll require urine tests to make sure they stay clean and they'll return the children to their loving parents. And when mommy and daddy blow off the urine tests, they'll be given another chance. And another. And yes, probably another. Eventually, CPS will pronounce this family fixed and walk away. And we'll just have to hope the that kids are smart enough to go wandering again... |
| Going green will be expensive Thu, 12 Jun 2008 18:20:22 -0700
Finally, a reality check about Arizona's energy future. Like their counterparts nationally, Arizona politicians have been proliferating green-fuel mandates and claiming that the transition will be painless. The Arizona Corporation Commission has required regulated electric utilities to steadily increase their use of renewable fuel, rising to at least 15 percent of their output by 2025. Governor Janet Napolitano has set a goal of reducing statewide greenhouse gas emissions to their 2000 level by 2020 and cut them from there by 50 percent by 2040. She has committed to join a regional cap-and-trade program to accomplish it. And an energy bill wending its way through the Legislature would extend the 15 percent renewable mandate to utilities not regulated by the commission. The bill includes the following noble sentiment: "It is the policy of this state to reduce greenhouse emissions by the conservation of energy and the development of sustainable and nongreenhouse gas emitting resources in conjunction with maintaining reliable and low-cost electric service to Arizona utility customers." (Emphasis added.) A preliminary report by the Thomas R. Brown Foundations, however, indicates that going green while maintaining low-cost electric service is trying to square a circle. The report, Powering Arizona, employs an econometric model to create alternative energy futures for Arizona. An econometric model is a series of computer-crunched highly sophisticated mathematical equations that highly intelligent economists use to make precise predictions that will be wrong, often grossly so. However, they can provide a sense for the order of magnitude of things. According to the report, Arizona will need to increase electricity output by about 25 percent by 2018 and by over 50 percent by 2030. As a practical matter, the only way to meet this increased demand is through natural-gas generation. There are too many environmental uncertainties about coal plants and too many financial and regulatory uncertainties about expanding nuclear. Natural gas is a clean fuel, but it is not renewable, so it only gets half-credit on the green scorecard. And it is very expensive. Right now, generating electricity from natural gas costs around 80 percent more than it costs to generate electricity from coal or nuclear. I'm not much for projections about the future cost of commodities, since no one seems to do it very accurately, but it's reasonable to assume that natural gas will remain much more expensive than coal and nuclear for the foreseeable future. According to the Brown study, electricity costs in Arizona are likely to go up 50 percent over the next two decades in real terms, or after adjusting for inflation. But Arizona is the budding Saudi Arabia of solar, right? Let's just do it with solar rather than natural gas. Well, unsubsidized solar generation is five times more expensive than conventional sources. The only way to make it even marginally thinkable at present is through heavy subsidization. The solar concentrating plant APS is considering is only feasible if federal taxpayers pick up 30 percent of its construction cost. ASU recently got a bunch of great publicity for committing to put solar panels on many of its rooftops. In reality, it's cost-effective for ASU only because of tax breaks and a subsidy from a surcharge the corporation commission has imposed on electricity to underwrite the renewable mandate. Last year, ratepayers paid over $12 million in such surcharges, and the renewable mandate was just 1.5 percent. Hold onto your wallet as it rises to 15 percent. So, the rest of us get to pay more in taxes and for electricity so ASU can preen about its environmental conscience. Not such a good deal. As a practical matter, the only way to reduce carbon emissions, as Napolitano wants to do, is to decommission existing coal-producing plants. And that just increases the amount of highly expensive alternative generation that needs to be produced. Now, technology breakthroughs can, of course, change the economics. But from what is known now, the technology breakthrough we should most hope for is in coal carbon sequestration, not solar efficiency. Although clean coal doesn't fit the renewable mandates that are the current rage. The reality check is this: going green, particularly in a growing state such as Arizona, is likely to be very expensive. Wishing it were otherwise, even wishing it very hard, and even legislative resolutions declaring it to be otherwise, won't make it so. (column for 6.13.08) |
| Business Briefs (6/13) Thu, 12 Jun 2008 14:22:08 -0700 Chamber hosts business builders leads group The Ahwatukee Foothills Chamber of Commerce will host its business builder's leads group June 17. |
| Monsanto completes $850M buy of De Ruiter Seeds [St. Louis Business News - Local St. Louis News | Th Fri, 13 Jun 2008 10:16:55 -0500 Monsanto Co. said Friday it completed its approximately $850 million acquisition of De Ruiter Seeds Group BV that is expected to transform Monsanto's vegetable-seed platform into a $1 billion revenue business by 2012. (MON) |
| Boeing moving forward with 787 Dreamliner [St. Louis Business News - Local St. Louis News | The St. Fri, 13 Jun 2008 10:13:44 -0500 After costly delays in the production of Boeing Co.'s 787 Dreamliner, the aviation company has begun the "power-on" phase -- testing the electrical systems of various sections of the aircraft -- in Everett, Wash. (BA) |
| US Airways to cut 1,700 jobs, reduce capacity, charge $15 for first checked bag [St. Louis Business Fri, 13 Jun 2008 10:12:48 -0500 US Airways Group Inc. will make additional reductions in the capacity of its domestic flights, cut 1,700 jobs and introduce a $15 fee for passengers' first checked bag as part of a plan to offset rising fuel prices. (LCC) |
| SHS garners agency of the year award [Wichita Business News - Local Wichita News | The Wichita Busin Fri, 13 Jun 2008 10:12:18 -0500 The Business Marketing Association this week named Wichita-based Sullivan Higdon & Sink its 2008 agency of the year. |
| Ameriprise arm lays off Minneapolis workers [Minneapolis Business News - Local Minneapolis News | Th Fri, 13 Jun 2008 09:15:46 -0500 Ameriprise Financial Inc. subsidiary RiverSource Investments has laid off some of its Minneapolis employees, according to a report in the Star Tribune. (AMP) |
| ResCap issues over $5B in new notes [Minneapolis Business News - Local Minneapolis News | The Minnea Fri, 13 Jun 2008 09:07:27 -0500 Battered mortgage lender Residential Capital issued $5.68 billion of new notes Thursday, in an effort to help it stay afloat amidst a sea of financial problems stemming from the housing mortgage market collapse. (GMA) |
| Fuel costs propel US Airways to cut capacity, 1,700 jobs [Kansas City Business News - Local Kansas C Fri, 13 Jun 2008 08:51:56 -0500 US Airways will reduce domestic capacity, cut about 1,700 jobs and start charging for checked baggage, beverages and ticket service fees, all in response to soaring fuel prices. (LCC) |
| TMNG buys back 2 million of its shares [Kansas City Business News - Local Kansas City News | Kansas Thu, 12 Jun 2008 17:29:27 -0500 TMNG Global bought back $3.2 million in shares of its common stock from two shareholders. |
| Pyramid's Metropolitan Building on the block [St. Louis Business News - Local St. Louis News | The S Thu, 12 Jun 2008 17:10:50 -0500 The century-old Metropolitan Building in Grand Center, formerly owned by Pyramid Cos., will be put up for sale at noon on Friday. |
| Boeing moving forward with 787 Dreamliner [Wichita Business News - Local Wichita News | The Wichita Thu, 12 Jun 2008 15:47:52 -0500 After costly delays in the production of Boeing Co.'s 787 Dreamliner, the aviation company has begun the "power-on" phase -- testing the electrical systems of various sections of the aircraft -- in Everett, Wash. (BA) |
| SimonDelivers lays off workers [Minneapolis Business News - Local Minneapolis News | The Minneapolis Thu, 12 Jun 2008 14:58:34 -0500 Online grocer SimonDelivers Inc. has laid off 17 employees. |
| International school to lease space in downtown St. Paul [Minneapolis Business News - Local Minneapo Thu, 12 Jun 2008 14:51:33 -0500 Nacel Open Door Inc. has signed a 10-year lease for space in a downtown St. Paul office building. |
| School Specialty reports narrower 4Q loss [Milwaukee Business News - Local Milwaukee News | The Busi Thu, 12 Jun 2008 14:49:09 -0500 School Specialty Inc. said Thursday that its fiscal fourth-quarter net loss narrowed because the company sold its money-losing video production unit. (SCHS) |
| InBev CEO Brito wants 'friendly agreement' with Anheuser-Busch [Wichita Business News - Local Wichit Thu, 12 Jun 2008 14:33:12 -0500 InBev CEO Carlos Brito said during a conference call Thursday that the Belgian brewer wants a "friendly agreement" with Anheuser-Busch Cos. Inc.'s board regarding a possible $46.3 billion takeover of the top U.S. brewer. (BUD) |
| KSHSAA to partner with TV stations statewide for title-game broadcasts [Wichita Business News - Loca Thu, 12 Jun 2008 14:18:26 -0500 For the first time ever, the Kansas State High School Activities Association will partner with television stations from four Kansas markets to broadcast championship games in football and boys and girls basketball in the upcoming school year. |
| Edward Jones gives $17,000 to Missouri College Fund [St. Louis Business News - Local St. Louis News Thu, 12 Jun 2008 14:15:20 -0500 The Missouri Colleges Fund said Thursday that Edward Jones contributed $17,000 to underwrite need-based scholarships at member schools. |
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