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  • Immigrants line up for Arizona driver's licenses Monday, 22 Dec 2014 | 3:04 AM ET

    PHOENIX— Young immigrants protected from deportation under an Obama administration policy began applying Monday for Arizona driver's licenses after a judge barred the state from denying the privilege. People lined up early at a Motor Vehicle Division office in Phoenix and cheered when the doors opened. Jose Alberto Aguilar, a Mexico City native who was...

  • Companies' data security in question after Sony hack Friday, 19 Dec 2014 | 12:05 AM ET

    The hack, which a U.S. official has said investigators believe is linked to North Korea, culminated in the cancellation of a Sony film and ultimately could cost the movie studio hundreds of millions of dollars. "The Sony breach is a real wake-up call even after the year of mega-breaches we've seen," says Lee Weiner, Boston security firm Rapid7's senior vice...

  • Sony hacking fallout puts all companies on alert Thursday, 18 Dec 2014 | 4:52 PM ET

    The hack, which a U.S. official has said investigators believe is linked to North Korea, culminated in the cancellation of a Sony film and ultimately could cost the movie studio hundreds of millions of dollars. "The Sony breach is a real wake-up call even after the year of mega-breaches we've seen," says Lee Weiner, Boston security firm Rapid7's senior vice...

  • PetSmart is being sold to investor group for $8.7B Sunday, 14 Dec 2014 | 5:49 PM ET

    NEW YORK— PetSmart is being sold to a group of investors led by buyout firm BC Partners for $8.7 billion. The price is also a 7 percent increase from PetSmart's closing price Friday. The sale requires approval from PetSmart shareholders.

  • 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...

  • Family settles polygamist towns lawsuit for $3M Friday, 12 Dec 2014 | 11:21 AM ET

    SALT LAKE CITY— A family that was awarded a $5.2 million judgment over a denied water hookup in two polygamous towns along the Utah- Arizona border has settled for less than half that amount to avoid an appeal. Ronald and Jinjer Cooke will get about $2 million from insurers and utility companies representing Hildale, Utah, and Colorado City, Arizona, according to a...

  • 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...

  • Passengers, airlines can't afford late 1st flight Wednesday, 10 Dec 2014 | 11:09 AM ET

    DALLAS— For years, Southwest was the most punctual of big U.S. airlines, so its tumble toward the bottom of government rankings for on-time arrivals was stunning. Southwest officials needed to fix an ill-fated decision to squeeze more flights into the schedule. "If you're late out of the driveway in the morning, you're probably going to be a little bit late to work,"...

  • With future uncertain, Colorado shields its water Tuesday, 9 Dec 2014 | 4:10 PM ET

    DENVER— With demand increasing across the West, Colorado is drawing up a strategy to keep some of the trillions of gallons of water that gushes out of the Rocky Mountains every spring— most of which flows downstream to drought-stricken California, Arizona, Nevada and Mexico. He referred to the Colorado River Compact of 1922 that covers water allocations to...

  • *Apple briefly crosses $700 bln market cap, ends lower. NEW YORK, Nov 25- U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range. "We did get that great GDP number noting earth-shattering but confirmation the U.S. economy is really...

  • SAN FRANCISCO/ WASHINGTON, Nov 20- President Barack Obama plans to make life a little easier for some foreign tech workers, but Silicon Valley representatives are disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards. The president's moves will make it easier for entrepreneurs to work in...

  • Obama's immigration tweaks leave Big Tech wanting more Thursday, 20 Nov 2014 | 7:21 PM ET

    SAN FRANCISCO/ WASHINGTON, Nov 20- Silicon Valley expects President Barack Obama to make life a little easier for foreign workers, but tech industry representatives were disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards for high-skilled employees. The president's moves will make it...

  • KKR, CD&R prepare joint bid for PetSmart: Sources Tuesday, 18 Nov 2014 | 7:17 PM ET

    Buyout firms KKR & Co LP and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday.

  • NEW YORK, Nov 18- Buyout firms KKR& Co LP and Clayton, Dubilier& Rice LLC have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday, as the auction for the pet food retailer heats up. KKR and CD&R are planning to submit a joint bid for PetSmart next month, the people said. PetSmart shares traded up 2.2 percent on...

  • The pro-reform camp drew in more than $1.4 million in contributions, with more than $1 million coming from Arnold, according to the Arizona Republic newspaper. Pension costs and debt were significant factors in the bankruptcies of Detroit, and of Stockton and San Bernardino in California, where bankruptcy judges have said public pensions are no longer...

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • UPDATE 1-Behind the scenes of Sanofi's boardroom bust up Wednesday, 29 Oct 2014 | 8:25 AM ET

    PARIS, Oct 29- A boardroom tussle brewing for months at Sanofi came to a head on Wednesday when France's top drugmaker fired its chief executive, wiping more billions off its share price. While the showdown played out in leaks to national newspapers has stunned investors as a "how not to do it" guide to corporate governance, the writing was on the wall in the...

  • Freeport-McMoRan also said on Tuesday that the union leaders at its Grasberg copper mine in Indonesia, where a truck accident in late September resulted in the death of four miners, planned to conduct a 30- day strike beginning Nov. 6. Freeport-McMoRan said Indonesia had approved resumption of operations on Oct. 13 and while most operating areas had normal...

  • Oct 21- Apollo Education Group Inc said it expects new student enrollments at its flagship University of Phoenix to decline at a smaller rate in the coming year, offering hope that the worst is over for the beleagured U.S. for-profit education industry. Apollo's shares rose as much as 6 percent to their highest in over a month after the company said sign-ups at the...

  • SEATTLE, Oct 9- Microsoft Corp's chief executive officer suggested on Thursday that women in technology should not ask for raises but have faith in the "system", bringing a torrent of criticism and causing the executive to backtrack after the statement. Satya Nadella, who became CEO in February, was asked how women should get ahead in the tech world at a three-day...