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Arizona Business News

National & World Business News

Knight-Swift Transportation beats analysts’ projections on earnings despite facing 'the most difficult' trucker shortage
04/25/18 18:00 - Phoenix Business News - L...
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) showed gains in revenue and income during first-quarter 2018, beating projections by analysts on income, but missing on revenue by $30 million. For the quarter, the Phoenix-based truc...

The Pederson Group to develop $40M mixed-use project in Peoria
04/25/18 16:36 - Phoenix Business News - L...
This high-end project will feature upscale restaurants and retail in the West Valley.

Phoenix marketing firm transitions to employee-owned benefit program
04/25/18 16:27 - Phoenix Business News - L...
Bill Lavidge is giving his employees a chance to actually take ownership over their work.

Orbital ATK breaks ground on new Chandler campus at Park Place multi-use development
04/25/18 16:27 - Phoenix Business News - L...
Phoenix-based Willmeng Construction broke ground today on the 617,000-square-foot campus for Orbital ATK, which will serve as its Launch Vehicles Division headquarters. The project is part of a mixed-use development along Chandler’s Pric...

EPA awards funding to clean up these two Arizona cities
04/25/18 15:47 - Phoenix Business News - L...
Two Arizona cities were awarded funds for cleanup projects from the U.S. Environmental Protection Agency as part of a $54.3 million funding package for 221 projects nationwide. Both Peoria and Tucson will receive funds for different proj...

Here are the best golf courses you can play in Arizona, according to Golfweek
04/25/18 15:43 - Phoenix Business News - L...
Golf is to Arizona as apple pie is to America, and there's no shortage of great courses to play around the Grand Canyon State. But Golfweek is out this week with its annual list of the best courses you can play in every state. The public...

Arizona's golf industry fueled by tourism as it grapples with challenges
04/25/18 15:42 - Phoenix Business News - L...
Arizona Golf Association Executive Director Ed Gowan sees opportunities even in the struggles of the industry.

Here's why Phoenix is one of the best places to live if you love Amazon
04/25/18 12:57 - Phoenix Business News - L...
If you live your life via Amazon, Phoenix is a great place to live. That's according to a new analysis from Shorr Packaging Corp. and Digital Third Coast, which dug into some interesting data points and metrics to find the 25 best places...

American Airlines will train new pilots at Phoenix flight school
04/25/18 12:54 - Phoenix Business News - L...
This comes as the airline industry looks to add 255,000 new airline pilots by 2027.

Nonprofit group works to get a handle on social impact of nonprofit sector
04/25/18 08:54 - Phoenix Business News - L...
Can social impact be measured?

How Grand Canyon University is quietly growing its STEM program
04/25/18 08:42 - Phoenix Business News - L...
This university is developing a STEM workforce

‘Property Wars’ star’s accomplice sentenced to prison for Furniture King fraud scheme
04/25/18 08:34 - Phoenix Business News - L...
Glendale resident Veronica Castro, 44, was sentenced to 20 months in prison on Monday for her part in fraud schemes led by her long-time boss and former Valley real-estate investor and “Property Wars” star Yomtov Scott Menaged. Castro pl...

CampusLogic lands $55 million investment to continue growth
04/25/18 02:01 - Phoenix Business News - L...
The Chandler company is looking to grow with more products and acquisitions, and hopes to quicken the pace through this latest round.

This giant apartment complex near Arrowhead mall in Glendale sold for $60M
04/25/18 02:00 - Phoenix Business News - L...
Apartment sales have been booming across the Valley.

Motor Mondays: Spiffed-up Hyundai Sonata belies value pricing
04/24/18 18:28 - Phoenix Business News - L...
Hyundai Sonata Midsize sedan Base price range: $22,935 MPG: 28/37 to 23/32 Manufactured: Montgomery, Ala. National Highway Traffic Safety Administration: 5 of 5 stars for frontal collision, 5 for side, 4 for rollover resistance; nhtsa.go...

Nonprofit group works to get a handle on social impact of nonprofit sector
04/24/18 17:35 - Phoenix Business News - L...
Can social impact be measured?

True North Cos. slapped with anti-SLAPP motion in ongoing legal battle over Phoenix Chinese Cultural Center
04/24/18 16:42 - Phoenix Business News - L...
The latest in the ongoing battle over the Phoenix Chinese Cultural Center.

Freeport-McMoRan’s stock price sees major drop after earnings
04/24/18 16:39 - Phoenix Business News - L...
Freeport-McMoRan Inc. (NYSE: FCX) released earnings Tuesday below market forecasts, causing the company’s stock to plunge 14.47 percent. The Phoenix-based mining company posted a first quarter net income of $692 million, or 47 cents a sh...

Arizona tourism industry saw strong 1Q despite no Final Four, Super Bowl of College Football Playoff
04/24/18 16:21 - Phoenix Business News - L...
Even though the state was not home to any mega event during the first quarter of 2018, Arizona’s hotel industry put up strong growth numbers this year.

MLB prices climb, but Diamondbacks deemed best value in sport
04/24/18 13:37 - Phoenix Business News - L...
Prices to attend a baseball games are on the rise, but the Arizona Diamondbacks rank as one of the best values in the sport, according to a report out this week. Team Marketing Report, which tracks sports business, found Major League Bas...

Overstock.com extends funding lifeline to Phoenix car startup with stock purchase
04/24/18 13:18 - Phoenix Business News - L...
An e-commerce retailer is injecting millions of dollars into a fledgling small-car startup in Phoenix. Overstock.com (Nasdaq: OSTK) is purchasing $2.5 million worth of common stock in Phoenix-based Elio Motors (OTC: ELIO) at $2.75 a shar...

How a group of Arizona entrepreneurs gave new hope to a San Juan rum boutique
04/24/18 12:14 - Phoenix Business News - L...
When a group of Arizona entrepreneurs arrived in Puerto Rico on March 20, they weren’t sure who they were going to help, but they knew they wanted to find a way to give back. “Being that we’re business owners, we really wanted to help on...

Sometimes it is not about the nail
04/24/18 11:55 - Phoenix Business News - L...
A few weeks back, my post in this guest blog was a bit of a rant about how frustrated I get when people just say, “it sucks” and they do not give details on what is wrong or offer a solution. The problem is, I was wrong.  The post made a...

Cybersecurity defense starts in your office
04/24/18 11:18 - Phoenix Business News - L...
While most might imagine data breaches and cyber threats as diabolical actions, performed in remote locations and encompassing large-scale criminal masterplans, the vast majority of breaches in the United States are caused internally. In...

American Airlines launching superhero-themed effort to aid cancer fight
04/24/18 08:42 - Phoenix Business News - L...
American Airlines is doing its own take on the hugely popular superheroes theme for a good cause. The world’s largest carrier Monday unveiled a custom-wrapped airplane that features bold graphics tied to a new Marvel Studios’ “Avengers: ...

Has someone offered to buy your company lately? If not, here's why it could happen soon
04/24/18 08:36 - Phoenix Business News - L...
Arizona CEOs see unprecedented number of purchase offers

This financial company hiring 1,000 employees in Tempe
04/24/18 02:00 - Phoenix Business News - L...
Financial firm to employ 3,000 by 2019 in Tempe

Arizona Biltmore sells for more than $400M
04/23/18 18:28 - Phoenix Business News - L...
The Arizona Biltmore Resort has sold for more than $400 million, according to The Arizona Republic. The historic property in Phoenix sold to a New York firm for $403 million. The deal closed April 20, reports the Republic. New York-based...

Carvana plans to sell another 6 million stock shares
04/23/18 18:01 - Phoenix Business News - L...
Local online auto seller Carvana Co. plans to offer up to 6 million additional shares of stock to raise additional capital. The decision came as the company also announced preliminary results that showed first-quarter revenues hit $360 m...

Perryville Correctional hosts first TEDx event held inside an Arizona prison
04/23/18 16:46 - Phoenix Business News - L...
The event challenged the idea that inmates are somehow different.

'Arizona Republic' names new executive editor
04/23/18 16:27 - Phoenix Business News - L...
The Arizona Republic and AZCentral.com named Greg Burton, the former executive editor of the Desert Sun in Palm Springs, as its new executive editor. With this new position, Burton will run one of the largest newsrooms in the state. Befo...

This university is taking space formerly occupied by University of Phoenix
04/23/18 15:54 - Phoenix Business News - L...
This new nursing program is taking over UOP space

Report: One-third of Phoenix jobs at risk of automation
04/23/18 15:37 - Phoenix Business News - L...
A new report finds that about a third of jobs in the Phoenix area are at risk of being replaced by automation in the coming years, according to The Arizona Republic. The report from Washington D.C.-based New America warns that 649,000, o...

The cousin of LoLo’s Chicken and Waffle’s founder is opening his own soul food restaurant in downtown Phoenix
04/23/18 15:15 - Phoenix Business News - L...
Christian Buze is following a long family tradition into the restaurant business. He is the cousin of Larry White, founder of LoLo’s Chicken and Waffles and the grandson of Elizabeth White of Mrs. White’s Golden Rule Cafe. Now Buze – who...

Southwest cotinues flight cancelations on Monday in Phoenix, U.S.
04/23/18 14:11 - Phoenix Business News - L...
Southwest Airlines continued cancelling flights into and out of Phoenix as well as around the country on Monday as the airline accelerated its inspection of engine fan blades. By noon, 30 flights into and out of Phoenix had been cancelle...

Southwest continues flight cancellations on Monday in Phoenix, U.S.
04/23/18 14:11 - Phoenix Business News - L...
Southwest Airlines continued cancelling flights into and out of Phoenix as well as around the country on Monday as the airline accelerated its inspection of engine fan blades. By noon, 30 flights into and out of Phoenix had been cancelle...

New apartment project landing in midtown Phoenix after $5M sale
04/23/18 12:54 - Phoenix Business News - L...
The project is between two Metro light rail stations along Central Avenue.

Arizona's richest person ever behind a lot of moves
04/23/18 08:52 - Phoenix Business News - L...
Arizona's richest person in state history is behind a lot of moves into and out of the state, all courtesy of U-Haul. Mark Shoen, one of the largest shareholders at U-Haul's parent Amerco, is listed as worth $3.14 billion by the website ...

One Valley CEO speaking out on importance of DACA workers to business
04/23/18 00:00 - Phoenix Business News - L...
The CEO of Wildflower Bread Co. is speaking out in support of workers in the country illegally but who have been deferred from deportation by a federal program. Louis Basile, the company's CEO, said many employees with Scottsdale-based W...

Arizona governor vetoes 10 bills to presure Legislature on #RedforEd raises
04/22/18 23:00 - Phoenix Business News - L...
Gov. Doug Ducey on Friday responded to plans for a teacher walkout by vetoing 10 bills and calling for legislators to craft a budget that includes his plan to increase teacher pay by 20 percent by 2020. Organizers with Arizona Educators ...

Canada sees progress on NAFTA auto rules; steel tariffs loom
04/25/18 20:28
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs ...


Steven Cohen's Point72 is sued over use of California money manager's name
04/25/18 20:08
(Reuters) - Billionaire Steven A. Cohen's hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project.


Canada sees progress on NAFTA auto rules; steel tariffs loom
04/25/18 20:04
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs ...


Asia stocks edge up as U.S. earnings prop up Wall St, dollar solid
04/25/18 19:43
TOKYO (Reuters) - Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies.


CBS and Viacom squabbling over leadership could end with Moonves on the outs
04/25/18 19:28
The weeks-long standoff between CBS CEO Les Moonves and CBS Vice Chairwoman Shari Redstone could end with a CBS-Viacom merger led by Moonves and his hand-picked team.


Asia stocks edge up as U.S. earnings prop up Wall St, dollar solid
04/25/18 19:27
TOKYO (Reuters) - Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies.


A Highly Liquid, High-Yield Bond ETF Option
04/25/18 19:19
This article was originally published on ETFTrends.com.


Paramount chair says 'A Quiet Place' sequel in the works
04/25/18 19:17
"A Quiet Place" is getting a sequel.


E. coli outbreak linked to romaine lettuce grows to 84 cases
04/25/18 19:13
U.S. health officials say the E. coli outbreak linked to tainted romaine lettuce has grown and sickened 84 people from 19 states.


Interface Keeps Growing Into 2018
04/25/18 19:04
The leading maker of modular carpet reports its second best quarter of top-line growth in more than six years.


Ford dropping all but 2 cars from its North American dealerships
04/25/18 19:01
Car buyers these days love SUVs. They don't, however, love actual cars like hatchbacks and sedans --as Ford has learned.


Facebook's rise in profits, users shows resilience after scandals
04/25/18 18:58
(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of person...


Qualcomm chip sales indicate some smartphone strength
04/25/18 18:55
(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from supp...


Ford dropping all but 2 cars from its North American dealerships
04/25/18 18:49
Car buyers these days love SUVs. They don't, however, love actual cars like hatchbacks and sedans --as Ford has learned.


Yandex N.V. Falls Despite a Great Quarter
04/25/18 18:42
Putting aside political tensions between the U.S. and Russia, this internet search leader kicked off 2018 on a strong note.


Ford promises more savings as 1Q earnings rise 9 percent
04/25/18 18:40
Ford's net income rose slightly in the first quarter due largely to a lower income tax rate.


Maryland reaches $33.5 million settlement with Volkswagen
04/25/18 18:30
Maryland has reached a multimillion-dollar settlement with Volkswagen AG and two of its affiliates for using devices in cars that violated the state's environmental laws.


Nissan Leaf is the mainstream electric car we've been waiting for
04/25/18 18:23
The Nissan Leaf is is the best-selling electric car in the world. If you're talking about mainstream electric vehicles, the Leaf has been it for years.


Barclays and Paypal announce tie-up as banks mull big tech threat
04/25/18 18:19
LONDON (Reuters) - British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday.


The Consumer Complaints Database That Could Disappear From View
04/25/18 18:18
Consumer Financial Protection Bureau chief Mick Mulvaney says he may shut down public access to more than a million complaints Americans have made about financial institutions.


Ford accelerates cost-cutting plan, will drop most U.S. sedans
04/25/18 18:17
DETROIT (Reuters) - Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasin...


'Student Loan Report' Admits Its Founder And Editor Is Fake
04/25/18 18:15
Reporters from The Chronicle of Higher Education discovered that "Drew Cloud" was made up from thin air. The "news" site was created by a student loan refinancing company.


Aflac Keeps Moving Forward
04/25/18 18:15
Find out the insurance company's latest move.


Lydon on CNBC: Long-Term Trend Lines Clearly in Place
04/25/18 18:13
This article was originally published on ETFTrends.com.


Episode 640: The Bottom Of The Well
04/25/18 18:09
Today on the show: the economics of drought, and why the rational thing to do in California right now is use more water.


Facebook's rise in profits, users shows resilience after scandals
04/25/18 18:07
(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.


Amazon.com's New Fire TV Set-Top Box Launch Appears Imminent
04/25/18 18:06
Hello, Fire TV Cube.


Steven Cohen's Point72 is sued over use of California money manager's name
04/25/18 17:54
(Reuters) - Billionaire Steven A. Cohen's hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project.


DeLorean widow sues for 'Back to the Future' payments
04/25/18 17:54
The widow of maverick automaker John DeLorean alleges a Texas company has illegally received money from the "Back to the Future" movies that used his iconic car.


An ETF Providing Quality at a Reasonable Price
04/25/18 17:49
This article was originally published on ETFTrends.com.


Here's How NVIDIA Corp.'s Tegra Processor Business Performed in Fiscal 2018
04/25/18 17:40
The segment saw a huge boost driven by the Nintendo Switch and automotive sales.


Caesars Entertainment plans to manage hotel in Baja, Mexico
04/25/18 17:39
The Caesars Entertainment Corp. casino company says it plans to build a beachfront non-casino hotel in the Mexican city of Puerto Los Cabos.


Trump tariffs lifted steel prices in 1Q: Ford CFO
04/25/18 17:37
Ford Chief Financial Officer Bob Shanks told FOX Business that the automaker held tight on cost, but rising metal prices resulted in higher commodity expenses for the quarter.


HUD wants low-income families on housing assistance to pay more rent
04/25/18 17:34
Housing and Urban Development Secretary Ben Carson announced Wednesday a proposal that would increase rent payments for more than two million of the nation's poorest.


E. coli outbreak linked to romaine lettuce grows to 84 cases
04/25/18 17:33
U.S. health officials say the E. coli outbreak linked to tainted romaine lettuce has grown and sickened 84 people from 19 states.


8 Ways Getting a Job Has Changed in the Last Decade
04/25/18 17:30
Technology plays a major role.


DeLorean widow sues for 'Back to the Future' payments
04/25/18 17:28
The widow of maverick automaker John DeLorean alleges a Texas company has illegally received money from the "Back to the Future" movies that used his iconic car.


Steel, sunset clause cloud NAFTA talks, as ministers press for deal
04/25/18 17:27
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounted to seal a quick deal on upda...


New Chipotle CEO plans menu 'tweaks,' and maybe drive-thrus
04/25/18 17:26
Chipotle, which has been working to revive its business after past food safety scares, says a key sales figure rose as it increased prices in most of its restaurants.


With Market Volatility, Markel Leans on Insurance Strength
04/25/18 17:24
Markel incurred a net loss this quarter, but this financial holding company isn't worried.


What data scandal? Facebook is growing
04/25/18 17:23
So much for the campaign to Delete Facebook.


Big data aids Sikorsky in improving helicopter maintenance
04/25/18 17:22
BERLIN (Reuters) - Big data analytics are helping Lockheed Martin Corp's helicopter unit improve the maintenance of its aircraft and cut costs by identifying patterns that might have otherwise gone unnoticed, Sikorsky President Dan Schul...


Ford promises more savings as 1Q earnings rise 9 percent
04/25/18 17:20
Ford's net income rose slightly in the first quarter due largely to a lower income tax rate.


DeLorean widow sues for 'Back to the Future' payments
04/25/18 17:13
The widow of maverick automaker John DeLorean alleges a Texas company has illegally received money from the "Back to the Future" movies that used his iconic car.


Qualcomm profit tops estimates on higher modem chip sales
04/25/18 17:11
(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from supp...


Georgia governor candidate Stacey Abrams is $200,000 in debt. She's not alone
04/25/18 17:03
Georgia gubernatorial candidate Stacey Abrams is more than $200,000 in debt.


Charles Schwab Platform Reveals Rising ETF Interest
04/25/18 16:52
This article was originally published on ETFTrends.com.


Regulators say LendingClub failed to properly disclose fees
04/25/18 16:50
Federal regulators say LendingClub failed to properly disclose fees on loans that it advertised as having "no hidden fees," but the company disputes that.


Chipotle stock up 10% thanks to price hikes and new stores
04/25/18 16:48
Chipotle hiked its prices and opened new restaurants, and it paid off.


Boeing stock soars on earnings, lifting Dow
04/25/18 16:40
A standout is its new 737 MAX family of single-isle, twin-jet aircraft.



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