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J.C. Penney Co. Inc., Sears, Roebuck and Co. and Shoe Carnival stores are among tenants announced for a new retail project in Chandler being developed by Opus West Corp.

J.C. Penney Co. Inc., Sears, Roebuck and Co. and Shoe Carnival stores are among tenants announced for a new retail project in Chandler being developed by Opus West Corp.
Arizona Gov. Janet Napolitano’s expected exit to serve as U.S. Homeland Security Secretary under Barack Obama will leave Arizona Secretary of State Jan Brewer as governor and put Republicans in control of the Legislature and governor’s office.

JP Morgan Chase is cutting the 3,000 investment banking positions companywide — about 10 percent of that financial unit — according to reports by Marketwatch and the Daily Telegraph (U.K) newspaper. (JPM)

The Dow Jones Industrial Average took a sharp dive in the final hour of trading Thursday to close at 7553, down 444 points, or 5.3 percent, from Wednesday. (FCX)

U.S. Sen. John McCain, R-Ariz., is backing president-elect Barack Obama’s apparent pick of Arizona Gov. Janet Napolitano as secretary of homeland security.

Unemployment in Arizona jumped to 6.1 percent from 5.9 percent in October. That still is lower than the national average of 6.5 percent, but well above the 3.9 percent reading in October 2007.

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Arizona Gov. Janet Napolitano could be in line to be president-elect Barack Obama’s choice as U.S. Homeland Security Secretary.

Stanley Security Solutions signed a five-year lease for 9,600 square feet of space at the Ash Business Center, 4670 Ash Ave., in Tempe. The company is a subsidiary of The Stanley Works, the huge Connecticut-based conglomerate that manufactures Stanley tools and security systems.

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