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Phoenix

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  • 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...

  • 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.

  • 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.

  • How to save, and even cash in, on airport parking Saturday, 18 Oct 2014 | 3:00 PM ET
    Airport parking sign

    A little research can uncover deep discounts, freebies and even options to get paid for leaving your car while on vacation.

  • Phoenix in deep housing Monday, 14 Jul 2014 | 1:48 PM ET
    Phoenix in deep housing

    CNBC's Diana Olick reports on Phoenix's struggling housing market.

  • Want to move to Phoenix? Market 'slow and steady' Wednesday, 9 Jul 2014 | 2:55 PM ET
    Phoenix, Arizona.

    A broker tells CNBC that he's "excited about the Phoenix market for an important reason: It's stable."

  • Snapshot of Phoenix real estate Wednesday, 9 Jul 2014 | 12:36 PM ET
    Snapshot of Phoenix real estate

    Gene Urban, The Urban Team broker, highlights three listings in Scottsdale, Arizona.

  • Spotlight on Phoenix real estate Thursday, 26 Jun 2014 | 1:45 PM ET
    Spotlight on Phoenix real estate

    Gene Urban, The Urban Team broker, looks at real estate listings in the Phoenix metro area.

  • Rent or buy? The math is changing Thursday, 22 May 2014 | 10:22 AM ET
    Jenna Dillon-Gasparino, her son, William, and Rocky the dog in their house, which is on the market for sharply more than the family bought it for, just four years ago, in the Venice neighborhood of Los Angeles, May 19, 2014. In some markets, buying a house again looks like a perilous investment.

    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.

  • Freeport sheds TX shale assets in $3.1 bln deal Wednesday, 7 May 2014 | 7:32 AM ET

    Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.

  • Airports ramping up downtown rail connections Tuesday, 11 Feb 2014 | 2:53 PM ET
    In April 2013, Phoenix Sky Harbor International Airport’s Sky Train began service between the airport’s busiest terminal and Valley Metro Light Rail.

    Dallas, Seattle and other cities are connecting their airports to downtown by rail in hopes of easing headaches and attracting more business.

  • The healthiest housing markets? It'll surprise you Friday, 13 Dec 2013 | 12:37 PM ET
    San Jose, Calif.

    Who would have thought that five of Zillow's top 10 healthiest housing markets would be in this state?

  • Phoenix real estate Thursday, 21 Nov 2013 | 1:54 PM ET
    Phoenix real estate

    Gene Urban, The Urban Team at Realty Executives, weighs in on 3 listings in the Phoenix, Arizona area where the average sales price is about $215,000 in the city.

  • Watch out! Worrisome housing signs appear in West Wednesday, 20 Nov 2013 | 2:24 PM ET

    Sales of existing home sales nationally fell 3.2 percent in October, but in the West they were down 7 percent.

  • The case for investing in Phoenix Thursday, 12 Sep 2013 | 12:34 AM ET
    The case for investing in Phoenix

    Greg Stanton, Mayor of Phoenix describes what kind of investment he hopes to attract in Phoenix.