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  • Airport spokesman Perry Cooper says a JetBlue flight from Long Beach, California, and a regional SkyWest jet from Phoenix were the planes involved. Additionally, a Delta Air Lines spokesman says a flight from Los Angeles to Orlando was diverted to Dallas Sunday afternoon due to "a security concern. Laura Eimiller, a spokeswoman for the FBI in Los Angeles, said...

  • Ante up: This year's weirdest Super Bowl bets Friday, 23 Jan 2015 | 1:47 PM ET

    Bettors will be trying to cash in on hundreds of weird bets tied to the Super Bowl. Did someone mention a Punxsutawney Phil?

  • Garden gnome fans fret: SkyMall files for bankruptcy Friday, 23 Jan 2015 | 1:35 PM ET

    NEW YORK— Apparently, airline passengers aren't buying enough garden gnomes, superhero pajamas and heated cat shelters. While flying high over Iowa, they could dream about owning a $16,000 multisensory home sauna or maybe just a grill spatula with a built-in flashlight for $29.95. They don't have a captive audience, "says John DiScala, who runs the travel advice...

  • Jan 23- SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest. Xhibit and SkyMall filed for Chapter 11 protection from creditors on Thursday night in the U.S. bankruptcy court in Phoenix,...

  • Lori Simons took the bright orange pill at 3 a.m. Eight hours later, doctors sliced into her brain, looking for signs that the drug was working. With special permission from the Food and Drug Administration and multiple drug companies, an Arizona hospital is testing medicines very early in development and never tried on brain tumors before.

  • Western Alliance beats 4Q profit forecasts Thursday, 22 Jan 2015 | 6:21 PM ET

    PHOENIX _ Western Alliance Bancorp on Thursday reported fourth-quarter net income of $40.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Western Alliance shares have dropped 6 percent since the beginning of the year.

  • Lori Simons took the bright orange pill at 3 a.m. Eight hours later, doctors sliced into her brain, looking for signs that the drug was working. With special permission from the Food and Drug Administration and multiple drug companies, an Arizona hospital is testing medicines very early in development and never tried on brain tumors before.

  • Avnet tops Street 2Q forecasts Thursday, 22 Jan 2015 | 8:15 AM ET

    PHOENIX _ Avnet Inc. on Thursday reported fiscal second-quarter earnings of $163.7 million. For the current quarter ending in March, Avnet expects its per-share earnings to range from $1.04 to $1.14. Avnet shares have dropped 2 percent since the beginning of the year.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • "If you want to see how the international aviation landscape is going to evolve, just look to the United States, where consolidation has left just four major legacy carriers to compete with the low-cost airlines that serve the rest of the market," said Franke, managing partner of Phoenix- based private equity firm Indigo Partners. The former chairman of America...

  • Doug Ducey will slash 10 percent from state university funding, give only a token increase to K-12 schools, and essentially double the current $8 vehicle license fee as part of a plan to balance the upcoming state budget that was released Friday. Ducey is trying to close a $533 million shortfall in the budget for the 2016 fiscal year that begins July 1.

  • Jan 15- Freeport-McMoRan Inc agreed on Thursday to pay $137.5 million to resolve a lawsuit claiming executives and directors had conflicts of interest that caused the natural resources company to overpay significantly for two oil and gas companies in 2013.. Shareholders led by a group of pension funds and union-owned Amalgamated Bank will receive...

  • Jan 15- Freeport-McMoRan Inc on Thursday agreed to pay $137.5 million to resolve a lawsuit claiming that executives and directors had conflicts of interest that caused the natural resources company to overpay significantly for two oil and gas companies in 2013.. Shareholders led by a group of pension funds and the union-owned Amalgamated Bank will receive...

  • Innovation, optimism on display at Detroit auto show Wednesday, 14 Jan 2015 | 5:32 PM ET

    DETROIT— The mood is exuberant at this year's North American International Auto Show. Automakers are flush with profits and the show gleams with performance cars, beefy trucks and exciting experiments, from plug-in hybrids to cars carved by a 3- D printer. And I'm looking at 2015 and saying,' I can't even find a baby black swan,' "said Mike Jackson, CEO of the AutoNation...

  • Jan 13- Pet supply retailer PetSmart Inc disclosed on Tuesday it was in talks to acquire or merge with a privately held rival, but ended talks over competition and antitrust concerns. PetSmart succumbed to calls from Jana Partners LLC and other large shareholders for a sale last month by agreeing to be bought by a private equity consortium led by BC Partners Ltd...

  • WASHINGTON, Jan 7- The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part of President Obama' s efforts "to expand responsible lending to creditworthy borrowers." The administration also...

  • UPDATE 1-Obama to announce cut in FHA premiums -Bloomberg Wednesday, 7 Jan 2015 | 10:59 AM ET

    President Barack Obama is set to announce a 0.5 percentage-point reduction of Federal Housing Administration mortgage insurance premiums to 0.85 percent, Bloomberg reported on Wednesday. Obama is expected to make the announcement in a speech in Phoenix on Thursday, Bloomberg said, citing sources. The FHA was forced to draw on $1.7 billion in taxpayer funds...

  • Obama to announce cut in FHA premiums -Bloomberg Wednesday, 7 Jan 2015 | 10:33 AM ET

    President Barack Obama is set to announce a 0.5 percentage point reduction of Federal Housing Administration mortgage insurance premiums to 0.85 percent, Bloomberg reported on Wednesday. Obama is expected to make the announcement in a speech in Phoenix on Thursday, Bloomberg said, citing sources. Reuters could not immediately confirm the report.

  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • Dec 11- Freeport McMoRan Inc operations at its sole U.S. copper smelter have returned to normal production levels after it completed repairs on an electric furnace damaged in a fire at the Arizona facility, a spokesman said on Thursday. Freeport, the largest U.S. miner by market value and revenue, resumed processing copper concentrate at the site on Dec 7, said Eric...