CNBC's Diana Olick reports on Phoenix's struggling housing market.» Read More
LOS ANGELES— From the start, little has been typical about Tesla Motors' plan for a $5 billion factory to make batteries for a new generation of electric cars. This spring, Tesla CEO Elon Musk announced that Tesla would take the extremely unusual step of spending millions to prepare sites in two states— or perhaps even three— before the finalist was chosen.
PHOENIX— The future of the Frank Lloyd Wright School of Architecture has divided the institution named for the iconic designer. The Scottsdale- based Frank Lloyd Wright Foundation, which operates the school, announced last week that it would not independently incorporate the school as a way to stay accredited.
LAS VEGAS— A top federal water administrator said Friday that several myths stand in the way of broad agreements needed to deal with increasing demand for water in the drought-stricken and over-allocated Colorado River basin.
FLAGSTAFF, Ariz.— Groups of hikers and runners who want to do grueling excursions across the Grand Canyon will soon need a permit— a move officials say will cut back on overcrowding, litter and safety issues at the popular tourist attraction in Arizona.
CINCINNATI— Low-fare carrier Frontier Airlines announced Thursday it is doubling its service from the Cincinnati/Northern Kentucky International Airport. Frontier will begin daily flights to Dallas-Fort Worth on Oct. 26, with multiday service also coming to Las Vegas; Phoenix; and Orlando and Fort Lauderdale, Florida.
Aug 27- Overheating worries at home are driving Canada's homebuilders south of the border where they buy up rural land, betting on a recovery in the U.S. suburban housing market even as many local players remain on the sidelines.
Burger King plans expansion of Tim Hortons. Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain.
*Best Buy tumbles after results, DSW rises. *Digital Ally gains further, up over 250 pct in August. NEW YORK, Aug 26- U.S. stocks edged higher on Tuesday to lift the S&P 500 just a hair above the 2,000 mark, its first close above that milestone, after data that pointed to a brighter future for the economy.
PHOENIX— In a story Aug. 25 about death of University of Phoenix founder John Sperling, The Associated Press reported erroneously the day that Sperling died. John Sperling, University of Phoenix founder, dies. John Sperling, founder of for-profit University of Phoenix, dies at 93 near San Francisco.
Las Vegas led with a 15.2 percent gain. But prices in Las Vegas, Phoenix, Miami and Tampa, Florida, are still at least 33 percent below their housing bubble peaks of almost a decade ago. But buying remains 4.3 percent below the July 2013 level, according to the National Realtors Association.
Separately, a flight carrying Sony Online Entertainment President John Smedley was diverted to Phoenix while the online attack was happening.
Enchanted by the likes of Fyodor Dostoyevsky and F. Scott Fitzgerald, Sperling began a journey through higher education that ultimately led to his founding of the University of Phoenix, a for-profit institution.
Aug 24- Sony Corp said on Sunday its PlayStation Network was taken down by a denial of service-style attack and the FBI was investigating the diversion of a flight carrying a top Sony executive amid reports of a claim that explosives were on board.
Indonesia's chief economics minister, Chairul Tanjung, said he had got to a point where he felt only talking directly to the 76- year-old U.S. mining legend might break a deadlock in the six-month row, which had already cost Southeast Asia's top economy more than $1 billion and put thousands of jobs at risk.
Aug 22- General Motors Co said it opened a fourth IT center in the United States in Phoenix, Arizona as it aims to improve performance and cut operational costs. The automaker said it expects to hire 1,000 employees at the center over the next five years. GM's three other IT centers are in Warren, Michigan, in Austin, Texas and in Roswell, Georgia.
*Shares cut losses, Bunds pare gains as Iraq concerns settle. President Barack Obama' s decision to authorize air strikes in Iraq, but most equity markets rebounded from overnight lows.
NEW YORK, Aug 7- Freeport-McMoRan Inc has contacted potential buyers about selling its onshore oil wells in California, which could fetch as much as $5 billion, people familiar with the matter said.
Shares of the oil sands producer surged as much as 4.8 percent after Athabasca Chief Executive and President Sveinung Svarte said Wednesday a C $1.23 billion deal with PetroChina Co Ltd to complete its takeover of the Dover project would close within a "reasonable time frame."
Aug 6- Canadian oil sands producer Athabasca Oil Corp reported a bigger quarterly loss as it set aside C $49 million to settle some claims by PetroChina Co Ltd's Phoenix Energy Holdings Ltd..
In the latest sign that the problem persists, researchers at the federally funded MITRE lab said this week that many customers of Intel Corp still had not adopted revised security designs Intel distributed in March after the MITRE team found new vulnerabilities in the start-up process.