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Arizona Business News

National & World Business News

Mesa’s Christmas tree destroyed by arson fire; Chamber to lead replacement effort, suspect arrested
12/13/17 15:46 - Phoenix Business News - L...
A Christmas tree in downtown Mesa that highlighted the city’s Merry Main Street Christmas festivities and is sponsored by the Mesa Chamber of Commerce was destroyed by a fire Wednesday morning. Mesa Police announced this afternoon they h...

Acronis planning $10 million investment in Scottsdale
12/13/17 15:40 - Phoenix Business News - L...
Acronis is pledging a $10 million investment in Scottsdale with its fourth research and development center and up to 40 high-tech workers to fill the facility within the next three years. Burlington, Massachusetts-based Acronis Internati...

Sam Fox concept opening at Desert Ridge
12/13/17 15:22 - Phoenix Business News - L...
Flower Child, Fox Restaurant Concept’s fast-casual health food restaurant, is set to open at the Desert Ridge Marketplace in the spring of 2018. The new location was announced Wednesday by Vestar, the mall’s owner. The addition of Flower...

What the Iron Mountain acquisition of IO Data Centers means for Phoenix
12/13/17 14:50 - Phoenix Business News - L...
Iron Mountain announced Monday it was buying IO Data Centers for $1.3 billion, including up to an additional $60 million based on future performance and subject to customary adjustments.

Oregon restaurant group opens new concept in Chandler
12/13/17 14:42 - Phoenix Business News - L...
An Oregon-based restaurant group is hoping to break into the Phoenix-area food scene with a new restaurant in Chandler.  Crossroads Restaurant Group, which was founded in 2009, opened Hop Social Tavern on Chandler Blvd., near Chandler Fa...

Push is on to rethink APS electricity rate hike
12/13/17 13:53 - Phoenix Business News - L...
APS is an arm of Pinnacle West Capital Corp.

Santa Monica group buys in Tempe for $34 million
12/13/17 12:36 - Phoenix Business News - L...
See where and what they bought.

Pedal Haus Brewery, State Forty Eight opening in downtown Phoenix
12/13/17 12:36 - Phoenix Business News - L...
Tempe’s Pedal Haus Brewery is opening a second location in downtown Phoenix at a new shipping container development in downtown Phoenix. Pedal Haus already has a location on Mill Avenue in downtown Tempe. It’s a concept of restaurateur J...

Like most NFL teams, Arizona Cardinals attendance is down this year
12/13/17 12:03 - Phoenix Business News - L...
With injured players, including David Johnson, on the bench for just about all of this season, the Arizona Cardinals have seen attendance slip this year, but only slightly. ESPN reported that the Cardinals, with a record of 6-7, have so ...

Billionaire sells prime Tempe real estate to developer buying up properties
12/13/17 12:00 - Phoenix Business News - L...
The deals are on or near Mill Avenue.

Carvana unveils (possibly) the world's largest ugly Christmas sweater on wheels
12/13/17 01:00 - Phoenix Business News - L...
Carvana Co. is getting into the “haulerday” spirit by creating what it calls the world’s largest ugly Christmas sweater on wheels. The Tempe-based online auto retailer hired Brooklyn street artist and yarn aficionado London Kaye to hand ...

Whatever happened to the Rawhide property in Scottsdale?
12/12/17 23:48 - Phoenix Business News - L...
See what it is now.

Phoenix City Council to decide apartment development fight
12/12/17 23:47 - Phoenix Business News - L...
Phoenix City Council to decide apartment development fight

Home builder slating 400 homes under $200K
12/12/17 20:00 - Phoenix Business News - L...
See where they are located.

ASU to sell 140-acre Glendale campus in effort to move Thunderbird downtown
12/12/17 18:21 - Phoenix Business News - L...
What will happen to Thunderbird's 140-acre Glendale campus now that it's moving downtown Phoenix?

Tuft and Needle asks judge to drop false advertising lawsuit by Mattress Firm, threaten countersuit
12/12/17 17:00 - Phoenix Business News - L...
Online mattress retailer Tuft and Needle is firing back at an industry giant, asking a Houston judge Monday to dismiss a lawsuit filed against it by Mattress Firm. Texas attorney Charles “Chip” Babcock filed a motion in the U.S District ...

Check out how much profit was made on the Marina Heights sale in Tempe
12/12/17 16:30 - Phoenix Business News - L...
State Farm has thousands of employees at the Tempe development which is on land owned by the Arizona Board of Regents.

My View: 1.5 cent referendum in 2020 is key to Arizona’s education future
12/12/17 15:44 - Phoenix Business News - L...
U.S. News & World Report ranks Arizona as home to four of the top five and seven of the top 20 public high schools in the country. Yet, less than half of our third-grade students are reading at grade level and nationally, Arizona sits in...

Appeals court upholds Grand Canyon uranium mining ban but Trump could still kill it
12/12/17 15:27 - Phoenix Business News - L...
A federal appeals court has turned down a push to get rid of a ban on uranium mining at the Grand Canyon. But President Donald Trump could still end up opening lands near the Grand Canyon for uranium mining. The Obama administration impo...

New website launches to address cybersecurity talent gap in Arizona
12/12/17 15:17 - Phoenix Business News - L...
The Greater Phoenix Chamber Foundation and the Arizona Technology Council partnered with Phoenix-based technology marketing firm Castelazo Content on the website.

Commercial real estate firms embrace futuristic offices (for themselves)
12/12/17 14:30 - Phoenix Business News - L...
The trend is happening in Phoenix.

ASU to move Thunderbird school to downtown Phoenix campus into new $40M-$50M building
12/12/17 14:12 - Phoenix Business News - L...
Arizona State University is moving its Thunderbird School of Global Management from Glendale to its downtown Phoenix campus. A new building housing the school, to cost between $40 million and $50 million, will be between First and Second...

Commercial real estate executive lands at new firm
12/12/17 12:14 - Phoenix Business News - L...
The broker / executive has three decades in the industry.

Arizona business leaders draft referendum to keep Prop 301 funding alive, improve education in the state
12/12/17 11:47 - Phoenix Business News - L...
Why a 1.5 cent sales tax is needed to fund education in Arizona

Goodyear approves incentives for Chewy center, 700 jobs
12/12/17 10:59 - Phoenix Business News - L...
The Goodyear City Council approved a $910,000 incentive package yesterday for a 700-job distribution center for Chewy Inc. Chewy is an online pet product retailer that is locating a 802,671-square-foot distribution center in Goodyear. Ch...

Exploring Easy: Software tools can deliver a huge productivity punch
12/12/17 10:27 - Phoenix Business News - L...
This article is the fifth of several posts looking at how to make things easier for customers, employees, and leadership of technology businesses. This post looks at how software may be your best productivity investment. Software is part...

Here's who leads early poll to fill Trent Franks' House seat
12/12/17 08:36 - Phoenix Business News - L...
A new poll shows a fairly wide open race to fill Trent Franks' U.S. House seat in a special election in two months. Franks resigned after reports he asked female staffers if they wanted to become surrogate mothers.  OH Predictive Insight...

How to avoid catching the flu in the office
12/12/17 01:00 - Phoenix Business News - L...
How to keep your office out of aggressive flu season's path

Watch Arizona's top business leaders and educators discuss the future of education
12/12/17 01:00 - Phoenix Business News - L...
Arizona State University President Michael Crow, along with other education advocates, will be featured this morning as part of a panel discussion looking at the state's education priorities. Catch the live video stream of the discussion...

See who is doubling down on support from Trent Franks, Joe Arpaio
12/11/17 23:23 - Phoenix Business News - L...
Former U.S. Rep. Trent Franks — an Arizona Republican who resigned suddenly last week when it was reported he was asking female staffers about being surrogate mothers — is backing an aide to fill his seat. Arizona State Sen. Steve Monten...

Manufacturers expect more economic growth in 2018
12/11/17 17:15 - Phoenix Business News - L...
The manufacturing sector expects to more growth, capital spending and hiring in 2018. That is according to the latest industry survey by the Tempe-based Institute for Supply Chain Management. ISM surveys manufacturing and other executive...

IO Data Centers being acquired for $1.3 billion
12/11/17 17:08 - Phoenix Business News - L...
Iron Mountain Inc. announced it is buying the U.S. operations of Phoenix-based IO Data Centers LLC for $1.3 billion. Iron Mountain (NYSE: IRM), the Boston-based storage and information management firm, said the deal includes the land and...

GoDaddy gets win in lengthy patent case that affects tech industry
12/11/17 15:33 - Phoenix Business News - L...
Scottsdale-based GoDaddy Inc. received a final win today in a lengthy patent infringement case that sets a precedent for similar “patent troll” claims against other technology companies. The win came after the U.S. Supreme Court declined...

This Silverleaf home topping $5 million was highest November Valley home sale
12/11/17 15:17 - Phoenix Business News - L...
A $5.45 million home sale in Scottsdale's upscale Silverleaf subdivision to an oil executive was the top Valley home sale in November. The home, at 10244 E. Hualapai Drive, sold on Nov. 1 to John and Tracy Eddy. John Eddy is a vice presi...

Leadership Lesson: Scrambled? Seeing details, prioritizing everything, organizing work
12/08/17 15:02 - Phoenix Business News - L...
Disorganized? Blame the Internet, blame accelerating competitors, blame high-speed buyers, blame complexity. Oooops – blame yourself. Odds are that you and your team are not well organized. Why not?  Not knowing how to organize well. Not...

See the highlights from our Best Places to Work event
12/08/17 14:59 - Phoenix Business News - L...
The Valley's Best Places to Work were on display on Thursday, as the annual recognition of the region's top companies honored the best of those that put their employees at the center of their business. The Phoenix Business Journal partne...

Trent Franks quits immediately
12/08/17 14:57 - Phoenix Business News - L...
Yesterday, U.S. Rep. Trent Franks, R-Ariz., announced he was resigning in January after female staffers complained he asked them if they wanted to become surrogate mothers. Today, Franks said he was quitting immediately. Here is the West...

Global tech services firm opens first North American network operations center in Scottsdale
12/08/17 14:54 - Phoenix Business News - L...
This new facility allows Mindtree to meet specific compliance requirements where monitoring must be done within the U.S. and by U.S. citizens when security clearance is required.

Why it's time to review credit union tax status
12/08/17 12:26 - Phoenix Business News - L...
My View: Time to review credit union tax status

CBRE brings in different look, workplace ethic with new Phoenix office
12/08/17 11:52 - Phoenix Business News - L...
Behind the Scenes: CBRE brings in different look, workplace ethic with new office

EPA chemical safety nominee drops out amid strong opposition
12/13/17 21:08
President Donald Trump's pick to oversee chemical safety at the Environmental Protection Agency has withdrawn his nomination after bipartisan opposition made his Senate confirmation unlikely.


Tavis Smiley's show suspended by PBS amid misconduct allegations
12/13/17 21:02
PBS has suspended distribution of "Tavis Smiley" amid "troubling allegations" against the news show's namesake host.


EPA chemical safety nominee drops out amid strong opposition
12/13/17 20:59
President Donald Trump's pick to oversee chemical safety at the Environmental Protection Agency has withdrawn his nomination after bipartisan opposition made his Senate confirmation unlikely.


GOP says it's got a deal on taxes; cuts coming for next year
12/13/17 20:45
A Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.


Asian shares mixed as Fed hike gives investors few surprises
12/13/17 20:43
U.S. stocks edged higher in early trading Wednesday ahead of an expected interest rate hike from the Federal Reserve.


Boeing's Big Dividend Increase Delights Investors
12/13/17 20:40
Boeing will boost its quarterly dividend to $1.71 per share next year, an increase of a little more than 20% year over year.


The Latest: IRS says bill could benefit taxpayers by Feb.
12/13/17 20:39
The Latest on the Republican tax overhaul (all times local): 11:56 a.m.


Top Potash Stocks to Consider Buying Now -- and 1 to Avoid
12/13/17 20:30
Potash is a key agricultural fertilizer nutrient, which is why stabilizing demand and prices is good news for some potash stocks.


Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag
12/13/17 20:27
TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dol...


Director of Colorado pension fund dies snorkeling in Hawaii
12/13/17 19:51
The executive director of the board that oversees Colorado's public employee pension fund died while snorkeling in Hawaii.


After London tower fire, group develops risk assessment tool
12/13/17 19:50
Six months after flames enveloped a high-rise in London and prompted concerns about the safety of other buildings worldwide, a U.S.-based fire prevention group has developed a tool aimed at making buildings safer.


Will This Drug Kick-Start Regeneron Pharmaceuticals Shares?
12/13/17 19:45
An immuno-oncology drug that's in the works could generate significant revenue growth someday.


Fox's Star to bring Disney cash and cricket in India
12/13/17 19:24
(Reuters) - Walt Disney Co's expected deal with Twenty-First Century Fox Inc would give the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media m...


Is the Restaurant Industry on the Verge of Comps Growth Again?
12/13/17 19:16
A couple of green shoots provide some evidence that a sales recovery may be coming.


Facebook Messenger Usage Is Soaring
12/13/17 18:59
All the better to build a business with.


Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag
12/13/17 18:58
TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dol...


Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag
12/13/17 18:57
TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dol...


Tavis Smiley's show suspended by PBS amid misconduct allegations
12/13/17 18:45
PBS has suspended distribution of "Tavis Smiley" amid "troubling allegations" against the news show's namesake host.


Tavis Smiley's show suspended by PBS amid misconduct allegations
12/13/17 18:44
PBS has suspended distribution of "Tavis Smiley" amid "troubling allegations" against the news show's namesake host.


Republicans forge tax deal, final votes seen next week
12/13/17 18:38
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for w...


Up 60% Since Its IPO, Does Stitch Fix Stock Have Room to Run?
12/13/17 18:38
Shares are taking off, but there's more than meets the eye at this new-age retailer.


Why Toyota Just Signed a Deal with Tesla's Battery Maker
12/13/17 18:33
Toyota and Panasonic are studying the idea of a joint battery-making venture. Here's why it matters.


Hurricane state Republicans demand disaster aid by Christmas
12/13/17 18:31
Lawmakers from hard-hit states such as Florida are demanding tens of billions of dollars of hurricane relief and rebuilding funds as part of another temporary Washington spending bill to keep the government from shutting down over Christ...


Republicans forge tax deal, final votes seen next week
12/13/17 18:30
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for w...


3 Dividend Stocks You'll Wish You'd Bought 10 Years From Now
12/13/17 18:30
Three companies that do very different things have two things in common: We think investors who own them will do very well over the next decade and enjoy a nice dividend along the way.


The Latest: GOP leader offers huge budget boost for military
12/13/17 18:17
The Latest on legislation to prevent a government shutdown (all times local): 7:15 p.m.


Walmart to allow employees to get paid earlier, budget via new app
12/13/17 18:14
The retailer said Wednesday that it teamed up with financial technology startup Even and PayActiv to provide the app to 1.4 million Walmart workers.


Republicans forge tax deal, final votes seen next week
12/13/17 18:09
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for w...


Bumper crop of new drugs fails to lift big pharma R&D returns
12/13/17 18:07
LONDON (Reuters) - It is shaping up to be a bumper year for drug approvals, with U.S. officials clearing twice as many novel medicines as in 2016, yet returns on research investment at leading pharmaceutical companies are down.


Republicans craft tax deal, final votes seen next week
12/13/17 17:57
WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for w...


Janet Yellen: Tax plan's deficits could make it harder to fight a recession
12/13/17 17:53
Federal Reserve Chairwoman Janet Yellen raised concerns Wednesday that deficits, which are expected to be driven higher by the tax plan now in Congress, may give policy makers little room to respond to a future recession.


Fed raises interest rates, keeps 2018 policy outlook unchanged
12/13/17 17:51
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration...


Here's Where Things Went Wrong for Coeur Mining, Inc. in 2017
12/13/17 17:46
While the price of precious metals rose this year, this silver and gold mining stock seemed to lose its luster with investors.


Hurricane state Republicans demand disaster aid by Christmas
12/13/17 17:42
Lawmakers from hard-hit states such as Florida are demanding tens of billions of dollars of hurricane relief and rebuilding funds as part of another temporary Washington spending bill to keep the government from shutting down over Christ...


Walmart gives workers a way to get paid earlier
12/13/17 17:41
Walmart is providing workers with an app aimed at helping them budget their money and get paid before payday.


Better Buy: Palo Alto Networks vs. Fortinet
12/13/17 17:40
Both cybersecurity providers are growing revenues quickly, but rising sales aren't the only metric investors need to watch.


Episode 812: High Rise, Low Returns
12/13/17 17:37
As a businessman, President Trump is known for his towering buildings. Today we tell the story of one of those skyscrapers and what it says about how and with whom Trump does business.


Fed raises interest rates, keeps 2018 policy outlook unchanged
12/13/17 17:36
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration...


The 13 Best Resume Tips of 2017
12/13/17 17:33
Some brand new, some tried and true -- check out the best resume advice to jump start your 2018 job search.


PolyMet offers $544M in financial assurances for mine costs
12/13/17 17:32
PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a controversial copper-n...


GOP says it's got a deal on taxes; cuts coming for next year
12/13/17 17:22
A Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.


Disney deal set to value Fox at more than $75 billion: source
12/13/17 17:18
(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.


Fed raises interest rates, keeps 2018 policy outlook unchanged
12/13/17 17:18
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration...


The Latest: Breaks for college students back in tax bill
12/13/17 17:12
The Latest on the Republican tax overhaul (all times local): 11:56 a.m.


John McCain to Trump: Lay off the 'fake news' claims
12/13/17 17:07
Senator John McCain again called out President Trump for his anti-media rhetoric.


Fed lifts interest rates, keeps 2018 policy outlook unchanged
12/13/17 17:06
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration...


Walmart gives workers a way to get paid earlier
12/13/17 17:05
Walmart is providing workers with an app aimed at helping them budget their money and get paid before payday.


Disney deal set to value Fox at more than $75 billion: source
12/13/17 17:04
(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.


Federal Reserve, buoyed by stronger economy, lifts rates again
12/13/17 17:03
The Federal Reserve on Wednesday raised interest rates one notch higher as the U.S. economy continues to get healthier.


Fed rate increase is 3rd this year; foresees 3 more in 2018
12/13/17 17:02
The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession.



Arizona business news online and Arizona economic news including stock market quotes on the major stocket market indexes.

 
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