A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.Read More »
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Clifton is situated in a deep canyon formed by the San Francisco River. The town is synonymous in Arizona vocabulary with its twin neighbor Morenci and the rich copper deposits responsible for the existence of both.Read More »
Arizona, with its sunny, warm climate has been hailed as the ideal region for algae biomass production. Proponents hope that algae, which can contain up to 60 percent oil, can some day squeeze out a petroleum substitute that could be produced at a price low enough to compete with natural gas.Read More »
Mining drove this town’s economy when Lynn Heglie decided to open a restaurant here in the early 1990s.Read More »
The Phoenix area is facing the biggest drop in bus ridership in a decade due to service cutbacks, increased ridership on alternatives such as light rail and a lack of money for marketing services to attract new customers, according to public transportation officials across the Valley.Read More »
A state agency that in the minds of some elected and private sector officials was a comfortable place for political appointees to perform is on the way out.Read More »
Despite a fairly positive report on the stability of the Arizona State Retirement System (ASRS) earlier this year, a major business group with no direct involvement in the fund is expressing serious concern.
The Arizona Chamber of Commerce and Industry, none of whose member firms has employees enrolled in a public pension plan, is calling for a major overhaul of ASRS to radically change how benefits are calculated for future retirees.
Arizona’s market for new public companies showed signs of life earlier this year with two companies poised to offer stock for the first time.Read More »
Stimulating Arizona’s economy through the creation of construction jobs in the housing industry is one of the chief priorities of the Home Builders Association of Central Arizona, but an industry insider says fixed costs and layoffs are making recovery quite difficult.Read More »
Lauren Kingry was looking for a way to make some money while attending Friends University in Wichita, Kan., where he took a job working as a mail boy in a family-owned bank. He had no idea it would be the beginning of a four-decade career in banking, leading to a position overseeing the Arizona Department of Financial Institutions, the regulating agency for 3,800 businesses across the state.Read More »