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| Title agency abruptly shut Up until this week, Arizona Title Agency's 22 workers felt secure about the financial health of their employer. |
| Economic outlook for AZ is even gloomier New reports Thursday painted a gloomier picture of Arizona's economy. |
| Flour costlier in '08, but it has dipped 10¢ in past quarter Baking your own bread is often touted as a money-saving move — not to mention that fresh-baked taste and aroma. |
| Hilton unveils plans for Last Territory The steakhouse will become a venue for events at the Northwest Side resort. |
| Asarco files bankruptcy reorganization plan After years of delays, Asarco filed a plan to emerge as part of Sterlite Industries. |
| NW hospital to open Foothills urgent-care unit The center will be Northwest Medical Center's fourth local urgent care center. |
| Wall St. cool to Exxon's record quarter Exxon Mobil Corp. reported record-breaking operating profits Thursday but took a beating from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more. |
| Chuck Jaffe: Market unnerving? Give your fund portfoilio a stress test The experts said: "Don't worry, even though we're a bit concerned with history." |
| Yaqui guitarist building a legacy Editor's note: This summer, we are taking a look at the people who make the arts a reality, from the audience to the artists behind the scenes. This week: classical guitarist Gabriel Ayala. |
| University VP candidate: Fundraising is key Fri, 01 Aug 2008 00:00:00 MST William Crist says two campuses can thrive as long as administrators raise enough money. |
| Wall Street slides on GDP, jobless data Thu, 31 Jul 2008 07:46:52 MST Stocks sank after weak readings on economic growth and the Dow fell more than 200 points. |
| Committee to represent Mortgages' investors Thu, 31 Jul 2008 17:22:40 MST Group holds some of the biggest investments. |
| Forecast for state economy gets worse Thu, 31 Jul 2008 17:30:49 MST Analysts: Unlikely the Arizona economy will improve. |
| Arizona gas prices dip 9 cents Thu, 31 Jul 2008 12:39:31 MST Prices may drop another 15 to 20 cents in Aug. |
| Grand Canyon Univ. names new president Thu, 31 Jul 2008 15:53:22 MST Grand Canyon University has promoted Dr. Kathy Player to president. |
| Taylor Morrison moves home base to Scottsdale Thu, 31 Jul 2008 17:11:04 MST Taylor Morrison moves home base to Scottsdale. |
| RSC Holdings reports higher revenue, profit Thu, 31 Jul 2008 17:36:11 MST RSC Holdings reports higher revenue, profit. |
| Phoenix-based Avnet buys Ontrack Solutions Thu, 31 Jul 2008 17:41:25 MST Phoenix-based Avnet buys Ontrack Solutions |
| Rockford Corp. profits decline for the quarter Thu, 31 Jul 2008 17:43:59 MST Rockford Corp. profits decline for the quarter. |
| Honeywell division gets polysilicon-plant work Thu, 31 Jul 2008 17:45:54 MST Honeywell division gets polysilicon-plant work |
| Rebates helped economy somewhat in 2Q Thu, 31 Jul 2008 16:08:29 MST WASHINGTON - The prospects for a quick economic recovery dimmed Thursday, with new data showing the economy grew at a slower-than-expected rate this spring despite some oomph from tax rebate checks - and actually shrank late last year. |
| States face tough choices as budgets shrink Thu, 31 Jul 2008 16:22:39 MST As of June, more than 30 states faced deficits totaling a projected $40 billion, or more than triple the gap of the previous year. |
| Motorola posts small 2Q profit Thu, 31 Jul 2008 07:45:27 MST Profit resulted from sales increase across all units. |
| APS continues rate increase push Thu, 31 Jul 2008 00:00:00 MST Utility says it must cut $500 million from budget. |
| Forecast for Arizona economy gets worse Thu, 31 Jul 2008 11:51:50 MST Forecast for state's economy gets worse |
| Glitch creates JFK baggage chaos Wed, 30 Jul 2008 20:19:37 MST Thousands of passengers forced to leave bags. |
| Treasury says housing remains biggest threat Thu, 31 Jul 2008 10:13:39 MST WASHINGTON - Treasury Secretary Henry Paulson says the $168 billon government stimulus effort has proven to be a timely support for the economy and will continue to assist growth in the second half of this year. |
| Exxon Mobil turns biggest US quarterly profit HOUSTON (AP) -- Exxon Mobil reported the fattest operating profit in U.S. corporate history Thursday but took a beating anyway - from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more.... |
| Bristol-Myers offering $4.5 billion for ImClone TRENTON, N.J. (AP) -- Bristol-Myers Squibb Co. on Thursday offered $4.5 billion in cash for its cancer drug partner, biotechnology company ImClone Systems Inc., saying the two are "a natural fit."... |
| Chavez to nationalize Spanish-owned bank CARACAS, Venezuela (AP) -- President Hugo Chavez said Thursday he intends to nationalize the Bank of Venezuela, which is owned by the Santander banking group of Spain.... |
| Mass. regulators accuse Merrill Lynch of fraud BOSTON (AP) -- Massachusetts security regulators accused Merrill Lynch of fraud Thursday for allegedly promoting the sale of auction-rate securities when they knew the investments were becoming increasingly unstable.... |
| GMAC posts $2.5 billion loss in 2nd quarter NEW YORK (AP) -- GMAC Financial Services said Thursday it swung to a $2.48 billion second-quarter loss, pulled down by a steep drop in the values of used trucks and sport utility vehicles.... |
| Kodak posts lower 2Q profit, revises outlook ROCHESTER, N.Y. (AP) -- Eastman Kodak Co. said Thursday its second-quarter profit fell 14 percent as digital inkjet-printer investments and higher costs for raw materials offset a hefty tax settlement gain. It also warned that full-year operating earnings will come in at the lower end of its previous forecast, sending its already depressed stock down more than 7 percent.... |
| Junking AIMS would be a mistake Thu, 31 Jul 2008 17:37:07 -0700 In the continuing controversy over AIMS, there's an unfortunate failure to distinguish between the test and the use of the test. In reality, there's nothing wrong with the test. Arizona's Instrument to Measure Standards results from a process involving local educators determining what Arizona students should know grade by grade. From every indication, the AIMS test provides a fair and accurate determination of whether students have learned what Arizona educators have determined they should know. The test is administered in grades 3 through 8. Such elementary school exams are now required by the federal No Child Left Behind law. There is also a high school test. The question arises, of course, as to whether the Arizona standards are appropriate and rigorous enough. Scholars Paul Peterson and Frederick Hess recently compared what each state determines to be a passing grade on its NCLB tests with the proficiency standard under the federally administered National Assessment of Educational Progress. Now, that's a tough, and probably unfair, measuring stick. Nationally, less than a third of students attain proficiency on the NAEP tests. The nations with the highest scores on international assessments only about double that. Nevertheless, among the states, the study found that Arizona ranked 32nd in the rigor of its standards compared to the NAEP proficiency measure. So, Arizona's test is easier than average, but not by much. Accountability through testing has proved to produce modest improvements in student learning. Since NCLB made such tests universal, national math and reading scores on the NAEP have gone up, except for 8th grade reading. In Arizona, below the high school level, there hasn't really been much fiddling with the passing score. Over the last five years, student AIMS scores through the 8th grade have gone up markedly in math and modestly in reading. So, there's nothing wrong with the test and accountability through testing is producing results, in the country and in Arizona. That makes the action of the Arizona Legislature to limit a renewal of the contract to administer the AIMS test to one year incredibly foolish. A one-year contract will obviously cost the state considerably more than a longer contract. And a switch to another test would make the state start over in measuring progress when there's no indication that is needed or warranted. Most of the controversy surrounds the use of AIMS as a high school graduation requirement. As have other states, Arizona flinched when it came to telling large numbers of high school students they weren't going to graduate. The passing grade has been diluted and other workarounds, based upon class work, have been granted. But again, this does not indicate a flaw in the test, which fairly and accurately determines whether students have learned what Arizona educators have determined that they should know, at least through 10th grade when the high school exam is first administered. There is a problem with the use of the test as a high school graduation requirement. Making it such puts irresistible political pressure on diluting it. The solution, which I've long advocated, is a two-diploma system – a certificate of achievement representing passage of AIMS and a certificate of completion indicating passage of all required courses but not AIMS. That would create the political space to upgrade the passing score to reflect what high school graduates should truly know. Colleges and employers would quickly establish a differential value for the two diplomas, creating the right incentives for students. Schools could be judged by the percentage of their students receiving the higher degree. It's not clear what Rep. Rich Crandall, the Mesa school board president who slipped the anti-AIMS provision into the budget along with a task force to study alternatives, wants to accomplish. The only specific charge to the task force is to study combining AIMS with a college entrance exam, which is a monumentally bad idea. College entrance exams already exist and college-bound students already take them. Arizona doesn't need its own test to determine whether students are prepared for college. It needs a test to determine whether its students know what it expects all high school graduates to know, irrespective of whether they are going on to college. More intelligent and productive use could be made of the AIMS test. However, there's nothing wrong with the test itself, and junking it would be a step backward. (column for 8.1.08) |
| Obama's economic blame game Thu, 31 Jul 2008 09:42:52 -0700 According to Barack Obama, the blame for the housing bubble and the ensuing credit crunch lies with the Bush administration and Wall Street. In Obama's world, there were no imprudent borrowers who overreached. Boy, that responsibility message didn't last very long. |
| Shades of 2005? Thu, 31 Jul 2008 18:12:02 -0700 The Cardinals' troubles at center deepened Thursday afternoon when backup Scott Peters went down with a left knee injury during an 11-on-11 session. There is no word on the severity of the injury. Coach Ken Whisenhunt wasn't available to the media after practice -- he talked to us during the lunch hour -- and injury information flows through him. Peters, an ASU product, yelled when he was hurt and left the field on a cart. Starter Al Johnson is out with left knee troubles. The Cardinals hope to know more about him today. Peters was backing up Lyle Sendlein. Now the backup, I guess, is rookie free agent Hercules Satele from Hawaii. I expect the Cardinals are searching for help, and Whisenhunt and GM Rod Graves talked for a long time on the field after Thursday's practice. The situation will remind some Cardinal fans of the 2005 training camp when starter Alex Stepanovich and backup Nick Leckey were hurt during camp. The team had to scramble to find players, including Shawn Lynch, who started a game, and guys like Bill Conaty and Chad Bandiera. I thought Peters was having a solid camp, too. He was working at both center and guard, and given the team's lack of experience at those spots, had a chance to make the roster. Maybe things will turn out OK for Peters and the injury won't be as severe as it looked.
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| DRC's numbers Thu, 31 Jul 2008 09:44:01 -0700
It took a while to track down specifics on the contract of cornerback Dominique Rodgers-Cromartie, the club's first round pick. But here's what I have so far. He signed a six-year deal worth around $16 million, according to NFL sources. The contract, in effect, is a five-year deal because Rodgers-Cromartie has an option to void the sixth year. Just under $9 million is guaranteed. Rodgers-Cromartie is due to receive salaries of $295,000, $385,000, $730,000, $950,000, $1.13 million and $650,000. |
| Thursday morning check in Thu, 31 Jul 2008 06:46:09 -0700 The live goal-line session at Wednesday night's practice, a highlight of camp last year, didn't create the same level of excitement. The first team offense scored from the 1 on fourth down, although everyone agreed that running back J.J. Arrington got into the end zone on third down. Coach Ken Whisenhunt, playing referee, ruled him down about an inch from the goal line. I try not to read a lot into individual plays at training camp. I've seen too many guys look good for a few days, then fade. And I've seen others who show far more in games than they do in practice. But......running back Tim Hightower has looked very good here. His TD last night was from only a yard out, but he made a nice hesitation move in order to let his blocks develop. Scouts like to say that he runs with his "feet under him", which is a little non-sensical when taken literally. What it means is that he doesn't take huge strides, and he has the ability to make quick cuts. Hightower seems to be getting more and more work with the second and third teams, even though he's No. 4 on the depth chart. Arrington, meanwhile, faces some challenges. But he had a couple of bursts last night that were impressive and he's noticeably faster than any other runner. It didn't look like either quarterback, Matt Leinart or Kurt Warner, was particularly sharp last night. Leinart was picked off once, while Warner didn't look as accurate as usual. In Warner's defense, at times it appeared that receivers weren't where they should haven been. He was playing with less experienced guys most of the evening. One inexperienced receiver, free agent rookie Lance Long, continues to make at least one impressive play a day. Everyone is anxious to see what he can do in games. I watched the one-on-one session between the defensive and offensive linemen last night. Right tackle Brandon Keith, the seventh-round pick out of Northern Iowa, did a nice job in a couple of battles against Chike Okeafor. Keith has some quick feet and his pass sets look good. He received as many reps as anybody as the Cardinals try to develop some depth at that spot.
We should have some word today on center Al Johnson's knee, but there were rumblings in camp last night that Johnson was going to miss more practice time. Johnson had the knee operated upon earlier this summer and had some swelling after a few days of practice in camp. He returned to the Valley for a checkup yesterday. Lyle Sendlein replaced him on the first team.
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| Exclusive Fitness uses creative marketing to battle economy Thu, 31 Jul 2008 15:12:00 -0700 Matthew and Cynthia Riggs, owners of Exclusive Fitness in Ahwatukee Foothills, needed a creative way to get customers' attention. |
| Business Briefs (8/1) Thu, 31 Jul 2008 11:24:00 -0700 Normal 0 false false false MicrosoftInternetExplorer4 st1:'{behavior:url(#ieooui) } /' Style Definitions '/ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Foreclosed home transactions, traditional sales almost equal last month Realty Studies at the Morrison School of Management and Agribusiness at Arizona State University's Polytechnic campus said the number of foreclosed and traditional sales were nearly split for June. |
| Machinists union negotiators recommend strike against Hawker Beechcraft [Wichita Business News - Loc Thu, 31 Jul 2008 11:19:27 -0500 Machinist union heads are recommending that its members strike Hawker Beechcraft Corp. after calling the aircraft maker's final contract offer "substandard." |
| Wesley parent company reports strong 2Q gains [Wichita Business News - Local Wichita News | The Wich Thu, 31 Jul 2008 11:16:05 -0500 The parent company for Wesley Medical Center on Thursday reported strong financial gains for the second quarter 2008, which ended June 30. |
| Miller Lite's sales decline [Milwaukee Business News - Local Milwaukee News | The Business Journal o Thu, 31 Jul 2008 11:12:10 -0500 Miller Brewing Co.'s sales to domestic retailers declined 2 percent for the fiscal first quarter, including a decline in sales for the flagship Miller Lite brand, parent company SABMiller plc said Thursday. |
| Deluxe shares take a hit on Q2 woes [Minneapolis Business News - Local Minneapolis News | The Minnea Thu, 31 Jul 2008 10:45:41 -0500 Shares of Deluxe Corp. took a beating Thursday, after the printer of checks said it would cut its full-year outlook and said third-quarter results may suffer due to a weak economy. (DLX) |
| Standard & Poor’s Ratings Services upgraded its credit ratings for H&R Block Inc. on Thursday. [Ka Thu, 31 Jul 2008 10:44:46 -0500 Garmin Ltd. bought its Austrian distributor for an undisclosed price, the company said Thursday. |
| Standard & Poor’s upgrades H&R Block [Kansas City Business News - Local Kansas City News | Kansas Thu, 31 Jul 2008 10:38:25 -0500 Standard & Poor’s Ratings Services upgraded its credit ratings for H&R Block Inc. on Thursday. (HRB) |
| Famous Dave’s Q2 up, but chain ponders price hikes, writedowns [Minneapolis Business News - Local Thu, 31 Jul 2008 10:37:21 -0500 Famous Dave’s of America Inc. posted a gain in its second-quarter earnings, but said it might write down the value of some restaurants and could also raise prices in an effort to offset a decline in discretionary spending by consumers. (DAVE) |
| Plummeting sales widen Huttig's loss [St. Louis Business News - Local St. Louis News | The St. Louis Thu, 31 Jul 2008 10:28:03 -0500 Plummeting sales and the downturn in the housing market continue to sting Huttig Building Products. (HBP) |
| Wisconsin Energy 2Q profits flat [Milwaukee Business News - Local Milwaukee News | The Business Jour Thu, 31 Jul 2008 10:11:47 -0500 Wisconsin Energy Corp. reported flat profits for the second quarter, with added earnings from the utility's new generating unit at its Port Washington power plant offsetting lower residential electricity use. (WEC) |
| Appleton completes $125M mill expansion [Milwaukee Business News - Local Milwaukee News | The Busine Thu, 31 Jul 2008 09:43:00 -0500 Appleton Papers said Wednesday that it has completed a $125 million expansion of a mill in West Carrollton, Ohio. |
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