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Top News & Analysis Arizona

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  • SAN FRANCISCO, Aug 28- Uber Technologies Inc has hired two top vehicle security researchers, the company said on Friday, additions to its staff that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter Inc, and Chris Valasek, who worked at security firm IOActive, left their jobs on...

  • The EPA says the rule, which took effect Friday in more than three dozen states, will safeguard drinking water for millions of Americans. The House has ignored a White House veto threat and passed a bill to block it, and a Senate committee has passed a measure that would force the EPA to withdraw and rewrite it. The senators— two Democrats and two Republicans— said in an...

  • NEW YORK— Shares of Freeport-McMoRan jumped Friday, a day after it announced cost-cutting plans and activist investor Carl Icahn disclosed that he bought a stake in the mining company. Freeport-McMoRan said Thursday that it would cut costs and reduce spending due to falling copper prices and soft economic conditions around the world. Shares of...

  • But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mine staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. This marks the latest in a string of cuts from the Arizona- based company, which earlier this month reduced...

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mining staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. Shares of Freeport-McMoran, which will also suspend operations and lower production at some U.S. mines,...

  • Company shut down for running pyramid scheme: FTC Thursday, 27 Aug 2015 | 10:29 AM ET
    Nutritional beverage Vemma.

    The FTC said Wednesday that Vemma Nutrition has been temporarily shut down for operating a pyramid scheme that targeted college students.

  • Aug 27- Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would cut 10 percent of its U.S. mining workforce and lowered the amount it plans to spend on mining in 2016 by 25 percent to $2 billion as commodity prices continue to fall. The company, which operates seven open-pit copper mines in North America, plans to suspend mining at its Miami...

  • PHOENIX— Activist investor Carl Icahn said late Thursday that he has taken an 8.5- percent stake in Freeport-McMoRan, just hours after the mining company announced cost cuts and lower spending in response to declining copper prices and soft economic conditions worldwide. According to FactSet, Icahn is now Freeport-McMoRan's largest shareholder.

  • Arizona severs ties with prison operator over July riots Wednesday, 26 Aug 2015 | 6:17 PM ET

    Doug Ducey announced the action against Centerville, Utah- based Management and Training Corp. after the state released a scathing report about numerous issues at the Kingman prison, including a "culture of casual indifference toward staff and training" that contributed to the riots. "What happened at Kingman was frightening, disturbing and completely...

  • PHOENIX— Arizona is severing ties with private prison operator over violent July riots.

  • PHOENIX— A judge ruled Wednesday that a hospital assessment that pays for the expansion of the state's Medicaid program did not require a supermajority vote of the Legislature to be enacted and is therefore constitutional. The ruling from Maricopa County Superior Court Judge Douglas Gerlach comes more than 18 months after the expansion went into effect and...

  • FTC: Vemma has been shut down for running pyramid scheme Wednesday, 26 Aug 2015 | 12:49 PM ET

    NEW YORK— The Federal Trade Commission said Wednesday that Vemma Nutrition has been temporarily shut down for operating a pyramid scheme that promised college students riches if they sold its nutritional drinks, but most ended up losing money. An initial investment of $600 was paid for products and business tools and $150 in Vemma products had to be bought...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • Uber to work with UofA on mapping, self-driving cars Tuesday, 25 Aug 2015 | 1:50 PM ET

    TUCSON, Ariz.— Uber is partnering with the University of Arizona to develop mapping technology as the ride-hailing company expands its research of driverless car technology. The partnership announced Tuesday between the San Francisco- based company and the university includes a $25,000 grant to UofA's College of Optical Sciences. "I think the College of...

  • Navajo farmers reject use of water after mine spill Tuesday, 25 Aug 2015 | 8:47 AM ET

    FLAGSTAFF, Ariz.— One of the largest communities of Navajo farmers along the San Juan River has voted to keep irrigation canals closed for at least a year following a spill of toxic sludge at a Colorado gold mine. The unanimous vote by more than 100 farmers in Shiprock, New Mexico, was heart-wrenching and guarantees the loss of many crops, Shiprock Chapter President...

  • US home rents rose in July as ownership market cooled Tuesday, 25 Aug 2015 | 8:30 AM ET

    On a month-to-month basis, rents increased in Baltimore, Boston, Minneapolis, Phoenix and Washington, D.C. By contrast, home values in those markets declined. The trend is most pronounced around Washington, where home values slipped on an annual as well as on a monthly basis. Over the past 12 months, the median home price in Washington fell 0.7 percent to $356,500.

  • Documents released by U.S. officials have revealed that the Environmental Protection Agency knew of the potential for a blowout of toxic wastewater from a Colorado mine more than a year before a government cleanup team accidentally triggered such a release earlier this month. About 3 million gallons of water from the mine flowed into Colorado's Animas...

  • LAS VEGAS— President Barack Obama brought presidential star power to tout the benefits of solar electricity in Western states during an annual green power conference Monday in Las Vegas hosted by U.S. Obama headlined an event that Reid has nurtured as Democratic leader of the Senate to seek support for new executive actions and other efforts aimed at making...

  • EPA knew of 'blowout' risk for tainted water at gold mine Saturday, 22 Aug 2015 | 12:42 AM ET

    The EPA released the documents late Friday following weeks of prodding from The Associated Press and other media organizations. The plan was produced by Environmental Restoration LLC, a private contractor working for the EPA. EPA spokeswoman Melissa Harrison said Saturday she could not immediately answer questions about the matter.