Top News & Analysis Phoenix

  • *Recommendation linked to payment of 5 pct export tax. JAKARTA, Feb 9- Indonesia's mining ministry on Tuesday recommended that Freeport McMoRan Inc receive a new six-month copper export permit, potentially ending a near two-week stoppage after the previous permit expired last month. Freeport was forced to halt overseas shipments from one of the world's...

  • Apollo Education to go private in $1.1B deal Monday, 8 Feb 2016 | 7:33 AM ET

    NEW YORK— Apollo Education is being taken private in a $1.1 billion deal by a consortium led by private investment firm The Vistria Group. Apollo Education has had several lackluster quarters as enrollments at for-profit schools fall amid increased government scrutiny of the industry. Shareholders of Apollo Education Group Inc. will receive $9.50 per...

  • PHOENIX— Arizona residents are one step closer to getting a tax credit for attending a firearms safety class after Republican lawmakers passed a measure offering a dollar-for-dollar credit for concealed-carry permit holders Monday. House Majority Leader Steve Montenegro, R- Litchfield Park, sponsored the bill to create a tax credit up to $80 for people who...

  • MARICOPA, Ariz.— A former president of a major aircraft manufacturer was one of the two people killed after their World War II-era plane crashed and burned near the town of Maricopa. Pilot Jeffrey Pino, 61, was formerly the president of Sikorsky Aircraft, a Connecticut- based aircraft manufacturer. The second victim was identified as 72- year-old Nickolas...

  • Mobile Mini tops 4Q profit forecasts Friday, 5 Feb 2016 | 7:47 AM ET

    PHOENIX _ Mobile Mini Inc. on Friday reported fourth-quarter profit of $9.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Mobile Mini shares have fallen 17 percent since the beginning of the year.

  • Viad reports 4Q loss Thursday, 4 Feb 2016 | 5:01 PM ET

    PHOENIX _ Viad Corp. on Thursday reported a loss of $957,000 in its fourth quarter. For the current quarter ending in April, Viad expects its results to range from a loss of 33 cents per share to a loss of 23 cents per share. Viad shares have declined almost 2 percent since the beginning of the year.

  • *Freeport copper export licence expired Thursday. *Freeport says "everything is normal" at massive mine. Asked if overseas shipments had ceased, a Freeport spokesman said "everything is normal", without elaborating.

  • *Freeport copper export licence expired Thursday. JAKARTA, Jan 29- Indonesia has not yet issued a new copper export permit to the local unit of U.S. mining giant Freeport McMoRan Inc, government officials said on Friday, but talks on the issue are expected to continue later in the day. Freeport's six-month licence to export copper concentrate expired on Thursday...

  • Cavco posts 3Q profit Thursday, 28 Jan 2016 | 5:05 PM ET

    PHOENIX _ Cavco Industries Inc. on Thursday reported fiscal third-quarter net income of $8.1 million. The Phoenix- based company said it had profit of 89 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Walgreens has told blood-testing startup Theranos to stop sending samples collected at the drugstore chain's stores to a testing facility that drew regulatory scrutiny over possible patient risks. The decision only affects 40 stores in Arizona and a Palo Alto, California, store, where Walgreens has suspended Theranos laboratory services.

  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc on Thursday failed to reach a deal on extending the U.S. mining giant's six-month export permit, potentially halting shipments from Indonesia's massive Grasberg copper and gold mine. Freeport's six-month export permit for its Indonesian unit expired on Thursday but it was still unclear how...

  • Avnet misses Street 2Q forecasts Thursday, 28 Jan 2016 | 9:05 AM ET

    PHOENIX _ Avnet Inc. on Thursday reported fiscal second-quarter profit of $156 million. For the current quarter ending in April, Avnet expects its per-share earnings to range from 93 cents to $1.03. Avnet expects full-year earnings to be $2.34 per share.

  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc are meeting on Thursday in last-ditch talks to prevent a halt in exports of copper concentrate from the U.S. mining giant's massive Grasberg mine in the province of Papua. "There has been no information whatsoever from Freeport that states whether they are able to pay or not," Mohammad Hidayat, the...

  • BOSTON— A lawyer for a Chinese national who supplied Iran with U.S.-made devices that can be used to convert uranium for nuclear weapons is criticizing the U.S. government for dropping charges against his Iranian co-defendant as part of a breakthrough U.S.- Iran deal. The criticism was leveled Wednesday during a sentencing hearing for Sihai Cheng, who...

  • Knight Transportation tops 4Q profit forecasts Wednesday, 27 Jan 2016 | 4:13 PM ET

    PHOENIX _ Knight Transportation Inc. on Wednesday reported fourth-quarter profit of $29.2 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Knight Transportation shares have decreased almost 2 percent since the beginning of the year.

  • WASHINGTON— Few neighborhoods can match the perks of Adams Morgan in Washington, D.C.— a reality that reflects a broader problem for the U.S. housing market. And many of those neighborhoods exist in only two cities: Washington and Seattle, according to a new analysis released Wednesday by the real estate brokerage Redfin. Some cities, such as Baltimore, Boston and...

  • BOSTON— A lawyer for a Chinese national who supplied Iran with U.S.-made devices that can be used to convert uranium for nuclear weapons is criticizing the U.S. government for dropping charges against his Iranian co-defendant as part of a breakthrough U.S.- Iran deal. The criticism was leveled Wednesday during a sentencing hearing for Sihai Cheng, who...

  • *Govt demands Freeport pay $530 million smelter deposit. *Freeport says requirement is "inconsistent" with 2014 deal. Indonesia's government has said the U.S. mining giant must provide a $530 million deposit by Thursday to prevent a possible halt in copper concentrate exports from its massive Grasberg mine in the province of Papua.

  • The Phoenix, Arizona- based company said it was looking to advance the sale of interests in certain mining assets to help reduce its debt, which stood at $20.43 billion at the end of December, nearly four times its market value of about $5 billion. The company's average realized price for copper in the quarter fell to $2.18 a pound, from $2.95 in the same period last...

  • Jan 26- Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a bigger fourth-quarter loss, squeezed by plunging commodity prices and flagging Chinese demand. The Phoenix, Arizona- based company, which is under pressure from activist investor Carl Icahn, said its quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per...