Arizona Business News

Newman wins commission seat he sought in ‘98

Syndication — Fri, 21 Nov 2008 07:00:00 +0000

Democrat Paul Newman sees his election to the Arizona Corporation Commission as good karma after losing a close race a decade ago to a Republican who was quickly kicked out of office for breaking the law.

Grand Canyon stock holds up in its IPO

Syndication — Fri, 21 Nov 2008 07:00:00 +0000

Shares of Arizona's newest public company tumbled early in their debut Thursday but finished the day down only slightly despite another plunge in the overall market.

Rebate-check company files for Chapter 11

Syndication — Fri, 21 Nov 2008 07:00:00 +0000

Clients included Costco, Home Depot and Toshiba.

Ariz. unemployment rate went up to 6.1%

Syndication — Fri, 21 Nov 2008 07:00:00 +0000

The October rate is the highest in five years.

Corporation Commission to tackle rate hikes, green energy

Syndication — Fri, 21 Nov 2008 07:00:00 +0000

Unofficial results from the Nov. 4 election show two Democrats and three Republicans will serve.

J.C. Penney, Sears, Shoe Carnival headed for Mill Crossing in Chandler

Phoenix Business Journal — Thu, 20 Nov 2008 22:48:14 +0000

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, Sears, Shoe Carnival headed for Mill Crossing in Chandler

Phoenix Business Journal — Thu, 20 Nov 2008 22:48:14 +0000

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.

Jan Brewer’s move to governor could shift climate, budget priorities

Phoenix Business Journal — Thu, 20 Nov 2008 22:05:22 +0000

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.

Fannie Mae, Freddie Mac halting foreclosures

Syndication — Thu, 20 Nov 2008 21:58:37 +0000

Mortgage giants suspend foreclosures for about 16,000 households during the holiday season.

Chase to cut 3,000 investment banking jobs

Phoenix Business Journal — Thu, 20 Nov 2008 21:42:45 +0000

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)