CNBC's Diana Olick reports on Phoenix's struggling housing market.» Read More
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.
*Wizz Air has grown to be biggest low-cost carrier in eastern Europe. Organic expansion in the region and as far afield as Moscow, Tel-Aviv or Dubai is set to continue while a new phase of growth is likely to come from Wizz Air exploiting the difficulties of state-backed regional airlines that are struggling to survive.
*Sanofi mulls fate of 200 older drugs including Plavix. *Sanofi also held talks with TPG and Warburg Pincus. PARIS, July 16- Sanofi has held talks with Abbott Laboratories, Mylan and private equity firms over the possible sale of a 6.3 billion euro portfolio of mature drugs, according to an internal document seen by Reuters.
PARIS, July 16- Sanofi has held talks with Abbott Laboratories, Mylan and private equity firms over the possible sale of a 6.3 billion euro portfolio of mature drugs, according to an internal document seen by Reuters.
FARNBOROUGH, England, July 15- GE Aviation Chief Executive David Joyce said the engine manufacturer expected to achieve its Farnborough Airshow target of $30 billion of orders and commitments by the end of Tuesday. Joyce also said GE Aviation hoped to finalise an engine deal soon with Qatar Airways over Boeing 777 X planes.
July 7- United Airlines said on Monday it plans to outsource more than 630 union jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan. "This is a bad business decision for United Airlines," Carlson said.
July 7- United Airlines said on Monday it plans to outsource more than 630 jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan.
Odds are you guessed Florida, or maybe Arizona- two sunny states that have long been popular with the senior set. Lois O'Grady lives in Vermillion, South Dakota. But the region has another thing going for it: South Dakota was recently named the best state to retire in the nation, handily defeating retiree hot spots like Florida.
New analysis shows that renting may prove to be a better decision than buying in major markets as prices rise and bargains disappear. The NYT reports.
WASHINGTON, May 20- The U.S. House of Representatives will vote this week on a bill to make it easier for the Department of Veterans Affairs to fire or demote senior executives, officials said on Tuesday, following accusations that veterans' healthcare delays have led to preventable deaths.
WASHINGTON, May 20- The U.S. House of Representatives will vote this week on a bill that will make it easier for the Department of Veterans Affairs to fire or demote senior executives, officials said Tuesday, following allegations veterans' healthcare delays have led to preventable deaths.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
April 7- A unit of UBS AG must pay $5.4 million to a former broker who alleged the firm misled its advisers about the financial health of Lehman Brothers Holdings Inc while recommending they sell its structured notes to clients, a securities arbitration panel ruled.
DETROIT, April 3- General Motors Co again boosted discounts on its full-size Chevrolet Silverado pickups after being outsold in March by Chrysler's Ram 1500.. On its website, Courtesy Chevrolet of Phoenix on Thursday was advertising a 2014 Silverado 2500 HD Crew Cab for $44,669, a $10,066 discount off the sticker price.
Dallas, Seattle and other cities are connecting their airports to downtown by rail in hopes of easing headaches and attracting more business.