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Top News & Analysis Arizona

  • NEW YORK, Feb 22- U.S. long-dated Treasury debt yields edged lower on Wednesday in choppy trading, after minutes of the latest Federal Reserve monetary policy meeting struck a cautious tone on raising interest rates, reducing expectations of a hike next month. "The minutes are fairly dovish," said Jeff Kravetz, regional investment director at U.S.

  • Feb 21- U.S. solar company First Solar Inc raised its 2017 sales forecast due to the timing of the sale of a major project, but said a large facility in Arizona had been canceled due to opposition to its location on tribal lands. First Solar raised its 2017 net sales forecast to $2.8 billion to $2.9 billion from $2.5 billion to $2.6 billion. First Solar said the more...

  • The scandal led to the departure of former Chairman and Chief Executive Officer John Stumpf last October, who along with another executive forfeited tens of millions of dollars in compensation. The most recent firings include Claudia Russ Anderson, former chief risk officer for the Wells Fargo branch banking unit where the sales problems occurred.

  • Claudia Russ Anderson, former chief risk officer for the Wells Fargo branch banking unit where the sales problems occurred, was among those fired. She chose to take a personal leave from the bank in September, bank spokeswoman Mary Eshet said. The others fired by the bank were Pamela Conboy, Arizona lead regional president; Shelley Freeman, former Los Angeles...

  • JAKARTA, Feb 18- Chappy Hakim, chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb. 10...

  • JAKARTA, Feb 18- Chappy Hakim, the chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb....

  • DETROIT, Feb 17- General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automakers plans said this week. It is expected to be the largest such test of fully autonomous vehicles by any major automaker before 2020, when several...

  • TORONTO, Feb 17- Freeport-McMoRan Inc has declared force majeure on "nearby deliveries" of copper concentrate from its suspended Grasberg mine in Indonesia, Metal Bulletin reported on Friday, citing unnamed sources. A more than month-long export suspension brought production at the giant Grasberg mine in Papua, Indonesia, to a standstill last week.

  • Feb 16- The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks. Signs of an improving economy and promises by President Donald Trump to cut corporate taxes and reduce financial regulations have been behind much of the recent gains. "Some of the excitement and...

  • MSCI's All-Country World index hit an intraday record of 444.94, although stocks on Wall Street dipped as the financial sector, down 0.1 percent, snapped a five-session winning streak and energy stocks slumped 1.4 percent. Other data showed improvements in exports from Indonesia and Taiwan, and falling unemployment in Sweden and the Netherlands.

  • Feb 16- Wall Street dipped on Thursday, weighed down by energy stocks as oil prices dropped and banks fell broadly for the first time in six days. Wells Fargo, Bank of America, JPMorgan and Citigroup weighed more than any other stocks on the S&P 500, which has hit a string of record high in recent sessions on signs of an improving economy and promises by President...

  • CABINET AND ADMINISTRATION Trump announces his new choice to lead the Department of Labor, former National Labor Relations Board member Alexander Acosta, after his original pick withdrew under congressional pressure. Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia-...

  • The Senate confirms Trump's picks to run the Environmental Protection Agency and to serve as White House budget director. Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia- a blow to Moscow's hopes for repairing ties with the United States following Trump's election.

  • Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia- a blow to Moscow's hopes for repairing ties with the United States following Trump's election. The confirmation hearing for Trump's U.S. Supreme Court nominee, conservative federal appeals court judge Neil Gorsuch, will...

  • Defense Secretary Jim Mattis, at NATO headquarters in Brussels, says he does not see the conditions for military collaboration with Russia- a blow to Moscow's hopes for repairing ties with the United States following Trump's election. The European Union in Brussels is preparing a summit to promote free trade and international cooperation with China in April...

  • *All work at Grasberg stopped except maintenance- union. JAKARTA, Feb 16- All work has stopped at Freeport-McMoRan Inc's giant copper mine in Indonesia and its workers are planning a demonstration against the government's move last month that halted exports of copper concentrate to boost domestic industries, a union said. Thousands of workers plan to stage a...

  • *All work at Grasberg stopped except maintenance- union chief. JAKARTA, Feb 16- All work has stopped at Freeport-McMoRan Inc's giant copper mine in Indonesia, a worker union said on Thursday, just over a month after the country halted exports of copper concentrate to boost domestic industries. Thousands of workers planned to stage a demonstration on Friday in...

  • NOGALES, Arizona, Feb 16- For up to 16 hours a day, tomatoes, peppers, cucumbers and mangoes grown in Mexico flow north through a border checkpoint into Nogales, Arizona, helping to ensure a year-round supply of fresh produce across the United States. Now in office, Trump is considering a 20 percent tax on imports from Mexico, one of several ideas under review in...

  • With Republican Senator John McCain announcing on the Senate floor that he would oppose Mulvaney, Cochran was seen as the potential 51st vote needed in the 100- member chamber for confirmation. McCain, who chairs the Senate Armed Services Committee that oversees defense programs, blasted Mulvaney in a Senate floor speech, saying the nominee had pursued "...

  • A Senate vote on Mulvaney, a leading member of the conservative House Freedom Caucus who represents South Carolina, was expected on Thursday at 7 a.m.. A Senate panel only narrowly backed the nominee earlier this month in a party-line vote. Republicans have 52 of the 100 Senate seats and are able to approve Trump's nominees if they can hold together a majority.