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  • UPDATE 1-BC Partners names Michael Massey PetSmart CEO Wednesday, 11 Mar 2015 | 9:33 AM ET

    March 11- BC Partners, which led the takeover of PetSmart Inc, appointed Michael Massey as chief executive of the pet supply retailer. A private equity consortium led by BC Partners in December agreed to buy Phoenix- based PetSmart for $8.7 billion. BC Partners managing partner Raymond Svider will become PetSmart's non-executive chairman.

  • BC Partners names Michael Massey PetSmart CEO - WSJ Wednesday, 11 Mar 2015 | 2:37 AM ET

    March 11- BC Partners, which led the takeover of PetSmart Inc, plans to appoint Michael Massey as chief executive of the pet supply retailer, the Wall Street Journal reported. A private equity consortium led by BC Partners in December agreed to buy Phoenix- based PetSmart for $8.7 billion. BC Partners managing partner Raymond Svider will become PetSmart chairman.

  • PHOENIX, March 9- European airlines face further restructuring and consolidation to close a gap in profitability with industry kingpins in North America, aviation experts said on Monday. European airlines are projected to make $10 billion of the $86 billion in profits expected to flow into the industry between 2010 and 2015, with North American airlines...

  • 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.

  • 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...

  • NEW YORK, Feb 10- Canadians who normally head south of their border for warmer weather are keeping closer track of their time in the United States because if they stay too long, they could lose their Canadian health benefits and might owe U.S. income tax. Just last year, the two countries implemented an agreement to scan passports and share the information, meaning...

  • Housing struggles as investors return to Phoenix Thursday, 5 Feb 2015 | 9:35 AM ET
    Phoenix, Arizona skyline

    Rampant foreclosures slashed home prices in half, but investor demand sent them right back up again. Guess who got priced out?

  • This model says to bet on the Seahawks Friday, 30 Jan 2015 | 6:44 PM ET
    The Vince Lombardi Trophy is displayed between the helmets of the Seattle Seahawks (L) and New England Patriots.

    According to one model, you're better off taking the Seattle Seahawks over the New England Patriots.

  • Watch the cops hunt down Super Bowl counterfeiters Friday, 30 Jan 2015 | 11:17 AM ET
    Seized goods included counterfeit National Football League (NFL) branded sportswear, designer clothing, videos, smartphones and electronic audio products worth over $800,000 are displayed during a news conference in Phoenix.

    Federal law enforcement officials are stepping up their efforts to crack down on counterfeit Super Bowl goods.

  • *Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...

  • *Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...

  • Super Bowl: How to get there, and how to get in Tuesday, 27 Jan 2015 | 12:59 PM ET
    Zach Miller #86 of the Seattle Seahawks pulls down a catch in front of Brandon Spikes #55 of the New England Patriots during a game at CenturyLink Field in Seattle, Washington.

    Fans still thinking about going to Sunday's Super Bowl XLIX will need to factor in game tickets, airfare and lodging logistics.

  • 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?

  • 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,...

  • "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...

  • 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...

  • 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...

  • Home price gains returning Atlanta to normal Thursday, 8 Jan 2015 | 12:08 PM ET
    Atlanta

    Less investor activity and rising home prices could mean a robust spring for Atlanta housing.

  • 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...