Wednesday, September 30, 2009

10/1 Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

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Dennis Jones announces retirement at M&I Bank Arizona
September 30, 2009 at 8:28 pm

Dennis Jones, chairman and president of M&I Bank in Arizona, announced his retirement Wednesday, according to current and former employees.

Balsillie: Opportunity lost, no appeal planned
September 30, 2009 at 7:01 pm

Canadian billionaire Jim Balsillie said Wednesday he will not appeal a U.S. Bankruptcy Court's ruling Wednesday blocking his bid to buy the Phoenix Coyotes and move them to Canada.

Coyotes decision hinged on NHL ownership rules, country club case
September 30, 2009 at 6:45 pm

U.S. Bankruptcy Court Judge Redfield T. Baum's decision to nix Jim Balsillie's bid to buy the Phoenix Coyotes hinged on the National Hockey League's right to keep the Canadian billionaire out of its ownership circle and a 1992 ruling related to country club membership.

GM to shutter Saturn brand
September 30, 2009 at 6:32 pm

Penske Automotive Group Inc. said Wednesday that it has terminated discussions with General Motors Co. to acquire Saturn.

BofA's Lewis to retire by year end
September 30, 2009 at 6:21 pm

Bank of America Corp. Chief Executive Kenneth Lewis has informed the bank's board of his decision to retire, effective Dec. 31. (BAC)

Michael Bidwill to head GPEC board for second year
September 30, 2009 at 5:58 pm

Michael Bidwill will have a second year as president of the board for the Greater Phoenix Economic Council.

AT&T opens cell site in Queen Creek
September 30, 2009 at 5:46 pm

AT&T has opened a new 3G cell site in Queen Creek and upgraded existing sites to the faster network.

Trompeter Electronics closing Mesa plant
September 30, 2009 at 5:38 pm

Trompeter Electronics Inc., a manufacturer of connectors, adapters, components and jacks for the telecommunications, cable television and aerospace sectors, is closing its Mesa plant with 135 jobs being cut.

Judge nixes bid to move Phoenix Coyotes to Canada
September 30, 2009 at 5:24 pm

U.S. Bankruptcy Court shot down a bid Wednesday by Canadian billionaire Jim Balsillie to buy the Phoenix Coyotes and move them to Hamilton, Ontario.

Survey: Economy stalls retirement plans
September 30, 2009 at 4:29 pm

More workers and their employees are holding off on retirement plans and programs, a new survey finds.

Judge puts abortion changes on hold
September 30, 2009 at 1:32 pm

New state laws restricting abortions have been put on hold by a Maricopa County Superior Court following a challenge by Planned Parenthood Arizona Inc.

First Solar makes top 50 in Newsweek Green Rankings
September 30, 2009 at 1:26 pm

First Solar Inc. made the top 50 in Newsweek magazine's first environmental ranking of the nation's 500 largest companies. (PCU) (AVT) (PNW) (FCX) (RSG)

Phoenix Coyotes have yet to seal TV deal
September 30, 2009 at 1:09 pm

The Phoenix Coyotes could start the National Hockey League season without a television deal.

Phoenix Coyotes fate could be decided by Friday
September 30, 2009 at 1:02 pm

Lawyers and officials involved in the Phoenix Coyotes' five-month-old Chapter 11 bankruptcy saga expect to see a ruling before the start of the new National Hockey League season this weekend.

Arizona orders first H1N1 flu doses
September 30, 2009 at 12:50 pm

Arizona health officials requested their first 60,000 doses of the 2009 H1N1 influenza vaccine Wednesday from the Centers for Disease Control and Prevention.

BofA to sell part of Columbia Management
September 30, 2009 at 12:30 pm

Bank of America Corp. is selling the stock and bond mutual fund business of Columbia Management for roughly $1 billion to Ameriprise Financial Inc. (BAC) (AMP)

Report: Nearly 1M bank foreclosures in process
September 30, 2009 at 12:16 pm

Nearly 1 million homes nationwide are in the process of foreclosure, according to a U.S. Department of the Treasury report covering banks and loan servicers that make up 64 percent of all outstanding mortgages.

Private sector job cuts decline; GDP decline slows
September 30, 2009 at 12:11 pm

Employers cut back on their job cutting last month with private payrolls recording a loss of 254,000 positions in September, according to a report by payroll firm ADP released Wednesday. The loss of 254,000 jobs was the sixth straight month of declining job losses reported by ADP.

99 of top 100 metros suffer job losses
September 30, 2009 at 12:06 pm

Ninety-nine of the nation's 100 biggest labor markets had fewer jobs in August 2009 than a year earlier, and Phoenix was one of the hardest-hit cities, according to a report released Wednesday by the U.S. Bureau of Labor Statistics.

Sheriff, county attorney excluded from smuggling task force
September 30, 2009 at 7:39 am

A new federal, state and local effort will be launched Wednesday aimed at drug trafficking, money laundering and organized crime rings in Arizona.

Total TGen impact could hit $321M by 2015
September 29, 2009 at 7:50 pm

The Translational Genomics Research Institute — known as a catalyst for the growth of Arizona's bioindustry — provides an overall economic impact of $77.4 million annually, according to an independent study released today.

Franks: Obama an 'enemy of humanity'
September 29, 2009 at 7:34 pm

U.S. Rep. Trent Franks, R-Ariz., called President Barack Obama an "enemy of humanity" this weekend, but amended that statement Tuesday.

UPS tests coupon boxes in Phoenix
September 29, 2009 at 7:28 pm

Residents who are receiving UPS packages across Phoenix will get coupons as part of a test program being conducted in five cities.
 

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