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Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.
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*To pay $6.9 bln for Plains, $2.1 bln for McMoRan. Dec 5- Freeport-McMoRan Copper& Gold Inc said Wednesday it would buy Plains Exploration& Production Co and McMoRan Exploration Co for $9 billion in cash and stock, in a major expansion into the energy sector.
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UNITED NATIONS- The U.N. General Assembly is set to implicitly recognize a sovereign state of Palestine on Thursday despite threats by the United States and Israel to punish the Palestinian Authority by withholding much-needed funds for the West Bank government.
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WASHINGTON- Republican unity against raising tax rates for the wealthy began to show cracks on Wednesday after a conservative congressman said he would back an agreement with President Barack Obama to raise rates on the rich but extend tax cuts for income below $250,000.
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NEW YORK, Nov 27- Macerich Co isn't usually in the business of hosting religious processions in its mall parking lots.
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*Home prices rise for 7th month in a row. NEW YORK, Oct 30- U.S. home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.
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NEW YORK, Oct 30- U.S. single-family home prices rose in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday. S&P 500 futures edged up following the data, but the stock market will be closed for a second day in a row in the wake of a powerful storm that hit the east coast.
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FRESNO, Calif.-- Two decades ago, Mi Pueblo Food Center began modestly as a small butcher shop run by an illegal immigrant. "We are feeling what is happening to us in a way that most companies might not, because we are founded by an immigrant and depend on immigrants to survive," said Perla Rodriguez, spokeswoman for the San Jose, Calif- based company.
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The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
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*Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.
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Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.
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*Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.
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*Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.
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NEW YORK, Oct 24- Global shares fell on Wednesday as investors soured on another round of underwhelming corporate results, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.
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PHOENIX-- Trucking company Knight Transportation Inc. said the third quarter was tougher than expected, as high fuel prices and a weak economy hurt demand for freight-shipping, resulting in flat earnings. The company said Wednesday that its net income was $16.6 million, or 21 cents per share, virtually the same results as the 2011 third quarter.
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When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.
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PHOENIX-- As the national average for a gallon of gas has decreased, Arizona prices remain about the same, up. 2 cents to $3.71 per gallon since last week. Tucson and Flagstaff have the lowest and highest state fuel averages, at $3.47 and $3.90 per gallon, respectively.
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DENVER-- Three men were arrested for investigation of murder after a Denver bar was set on fire to cover up five killings committed during a robbery, authorities said Thursday. Ronald Saunier said of the early Wednesday deaths and blaze at Fero's Bar& Grill. "
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PHOENIX-- Arizona's September unemployment dipped to 8.2 percent, down from 8.3 percent the two previous months. Department of Administration economists report that the state added 30,000 jobs, mostly in government due to seasonal hiring by schools. The department says seven of the 11 major economic sectors added jobs in September while four lost jobs.
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Apollo Group Inc. said Tuesday that its fiscal fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix.
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PHOENIX-- Arizona voters two years ago overwhelmingly approved a temporary sales tax increase, but the political landscape is significantly different for a new proposal on this year's ballot. Jan Brewer and the Arizona Chamber of Commerce and Industry, oppose the proposal on this year's ballot.