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  • PHOENIX— Republican leaders in the Legislature and Gov. House Speaker David Gowan and Senate President Andy Biggs negotiated the changes to Ducey's budget proposal for the fiscal year that starts July 1. The governor's initial plan slashed $75 million from state university funding, but pressure was mounting from some in the Legislature for cuts larger than...

  • PetSmart beats Street 4Q forecasts Wednesday, 4 Mar 2015 | 9:18 AM ET

    PHOENIX _ PetSmart Inc. on Wednesday reported fiscal fourth-quarter profit of $132.1 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. PetSmart shares have risen 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 2 percent.

  • March 3- SolarCity Corp on Monday sued Arizona utility Salt River Project over new electricity rates that the U.S. solar installer said penalizes residential customers who choose to put up solar panels. Applications for rooftop solar have fallen 96 percent in SRP's service territory since Dec. 8, the date SRP's new plan went into effect, SolarCity said.

  • San Mateo, California- based SolarCity Corp. said in a lawsuit filed in U.S. District Court in Phoenix that SRP's average $50 per month fee on new solar installations would essentially eliminate the incentive to put solar panels on a home. "SRP has a simple strategy to destroy the competitive threat from SolarCity and other competitors: Under SRP's newly...

  • IOWA CITY, Iowa— Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions. Taser is planning to send two of them to speak at luxury hotels in Australia and the United Arab...

  • Judge sets date to hear Medicaid plan lawsuit Friday, 27 Feb 2015 | 6:04 PM ET

    PHOENIX— A judge will hear arguments July 10 on whether the main funding source for Arizona's Medicaid expansion was legally enacted. Jan Brewer's Medicaid plan a severe blow by allowing a lawsuit challenging the plan to proceed. Republicans who control the Legislature argue the assessment in the 2013 law expanding Medicaid to about 300,000 poor Arizonans...

  • PHOENIX— Former Arizona Congressman Rick Renzi reported to a federal prison in West Virginia on Friday to begin serving a three-year sentence for corruption, money laundering and other convictions. But the 9th U.S. Circuit Court of Appeals ruled Monday that he must report to the minimum security Federal Correctional Institution by Friday.

  • House gives initial OK to new loans from payday lenders Thursday, 26 Feb 2015 | 8:04 PM ET

    PHOENIX— The Arizona House gave initial approval Thursday to a bill allowing payday lenders to offer a new product after they were barred from operating in the state under a 2008 voter initiative. Debbie McCune Davis, D- Phoenix, said House Bill 2611 gives "predatory lenders" the green light to return to Arizona. "The community has been pretty clear in raising...

  • Inventure Foods posts 4Q profit Thursday, 26 Feb 2015 | 12:13 PM ET

    PHOENIX _ Inventure Foods Inc. on Thursday reported fourth-quarter earnings of $3.4 million. Inventure Foods shares have dropped 21 percent since the beginning of the year. Keywords: Inventure Foods, Earnings Report.

  • Vandalism in Arizona shows the Internet's vulnerability Thursday, 26 Feb 2015 | 4:29 AM ET

    Alex Juarez, a spokesman for Internet service provider CenturyLink, said the problem was first reported around noon Wednesday, with customer complaints pouring in from an area extending from the northern edges of Phoenix to cities like Flagstaff, Prescott, Page and Sedona. CenturyLink blamed vandalism, and police are investigating. The severed CenturyLink-...

  • Businesses couldn't process credit card transactions, ATMs didn't function, law enforcement databases were unavailable, and even weather reports were affected in an area stretching from north of Phoenix to Flagstaff, about 100 miles away. CenturyLink spokesman Alex Juarez said the problem was first reported around noon. Phoenix police said CenturyLink...

  • Sprouts Farmers beats Street 4Q forecasts Wednesday, 25 Feb 2015 | 4:39 PM ET

    PHOENIX _ Sprouts Farmers Market Inc. on Wednesday reported fourth-quarter net income of $17.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. Analysts expected $721.1 million, according to Zacks.

  • PHOENIX— Early risers across much of Arizona were treated to a colorful sight— a pink cloud from a NASA research rocket that was launched Wednesday from a U.S. Army installation in New Mexico. News outlets in Arizona reported that residents in Phoenix, Tucson, Lake Havasu City and Flagstaff reported seeing the cloud. The rocket was provided under a Department of...

  • OXNARD, Calif.— A commuter train bound for Los Angeles derailed before dawn Tuesday in a fiery collision with an abandoned commercial pickup after the truck's driver took a wrong turn and got stuck on the tracks. Everything was flying, "said passenger Joel Bingham. The train pushed the truck some 300 feet down the tracks, said Robert Sumwalt of the National...

  • PHOENIX— The Arizona Legislature wants to help Apple Inc. by extending renewable energy tax credits and exemptions to cover the 1.3- million-square-foot data center it plans to open in the Phoenix suburb of Mesa. The House approved a bill Tuesday that expands a $5 million sales tax credit passed last year to include international operations centers that...

  • BOSTON— All that snow in New England may make your property look as pretty as a calendar shot, but it won't do you any favors if you're trying to buy or sell a house. The storms that have dropped an epic 8 feet of snow are causing grief for the real estate industry. "Honestly, every day is a new issue," said Kate Lanagan MacGregor, a real estate agent in Mattapoisett, as she...

  • OXNARD, Calif.— A commuter train bound for Los Angeles derailed before dawn Tuesday in a fiery collision with an abandoned commercial pickup after the truck's driver took a wrong turn and got stuck on the tracks. Everything was flying, "said passenger Joel Bingham. Police found the disoriented driver of the demolished Ford F-450 pickup 1.6 miles from the crossing...

  • PHOENIX— Steve Dreiseszun says he cannot sit in his backyard or read a story to his son without a sense of dread. For the past several months, he and other residents in a Phoenix neighborhood of historic homes have been jolted— sometimes out of their sleep— by the sound of airplanes flying directly above them. The changes are part of a new program the FAA is rolling out...

  • Pinnacle West misses 4Q profit forecasts Friday, 20 Feb 2015 | 9:01 AM ET

    PHOENIX _ Pinnacle West Capital Corp. on Friday reported fourth-quarter earnings of $5.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...