Top News & Analysis Phoenix

  • PHOENIX _ Cavco Industries Inc. on Thursday reported fiscal fourth-quarter profit of $7 million. On a per-share basis, the Phoenix- based company said it had net income of 77 cents. For the year, the company reported profit of $28.5 million, or $3.15 per share.

  • An Associated Press investigation has documented 345 instances in which people hopped over, crawled under, drove cars through or otherwise breached the fences and gates protecting the perimeters of 31 of the nation's busiest airports between January 2004 and mid-February. The first installment, published last year, included incidents involving an...

  • A year after an Associated Press investigation first revealed persistent problems with airports' outer defenses, breaches remain as frequent as ever— occurring about once every 10 days— despite some investments to fortify the nation's airfields. Was it a perimeter security breach in March 2015 when a woman walked past a vehicle exit gate at San Francisco...

  • Petco said in January it ended its relationship with Holmes. Federal inspectors spent several days at Holmes after an animal-rights group shot video purporting to show substandard conditions at the facility, where it raises thousands of hamsters, guinea pigs, rabbits and other species. A message left at Holmes after the business closed Wednesday wasn't...

  • DAYTON, Ohio— A solar-powered airplane has taken off from the Ohio hometown of America aviation pioneers Wilbur and Orville Wright on the latest leg of its journey around the world. The plane was expected to make at least one more stop in the United States— in New York— before crossing the Atlantic Ocean to Europe or northern Africa. The globe-circling voyage began...

  • IBM failed to respond adequately when asked how to use the voter database to compile mailing lists, said Matt Roberts, a spokesman for Secretary of State Michele Reagan. IBM's contract expired at the end of February, about two months before Reagan's office learned of the pamphlet problem, the Arizona Capitol Times reported. Dean Miller, an Arizona lobbyist for...

  • The plane will be in Dayton until early next week, the Dayton Daily News reported. The globe-circling voyage began in March 2015 from Abu Dhabi, the capital of the United Arab Emirates, and made stops in Oman, Myanmar, China and Japan. The plane is expected to make at least one more stop in the United States, in New York, before crossing the Atlantic Ocean to Europe or...

  • NEW YORK— Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans' financial conditions remain precarious as ever. These financial difficulties span all income levels, according to the poll...

  • NEW YORK— Last year, Randy Murphy went to DietBet.com and bet $25 that he could drop 4 percent of his weight in four weeks. After shedding about 20 pounds, he won back $50. Now he's making an even bigger bet: Murphy invested $1,000 in the company that owns DietBet, New York- based WayBetter Inc..

  • Anglo American, Glencore and Freeport have been at the forefront of those cutting debt, but BHP Billiton and Rio Tinto have also been looking to rationalise their assets while also signalling an interest in acquisitions. Slower economic growth in China triggered the slide in the prices of raw materials, and Chinese companies are now the main potential buyers...

  • NEW YORK, May 9- A microcap stock promoter pleaded guilty on Monday to engaging in a scheme to launder $250 million obtained by manipulating the shares of more than 40 companies, including the little-known Cynk Technology Corp whose value was driven past $6 billion. Gregg Mulholland, also known as "Stamps" and " Charlie Wolf," pleaded guilty in federal court in...

  • LIMA, April 28- Southern Copper Corp's net profit dropped 34.5 percent to $185.1 million, or $0.24 per share, in the first quarter on slumping metal prices, the company said Thursday. The Phoenix, Arizona- based company said it produced 24.8 percent more copper in the first quarter compared with the same quarter in 2015 thanks to its expansion at its Buenavista mine...

  • April 26- Freeport-McMoRan Inc expects to have agreed $3 billion worth of asset sales by mid-year, its chief executive said on Tuesday, as the U.S. miner and oil producer tries to whittle down a nearly $21 billion debt pile he described as "a killer." Freeport owns a number of world-class copper assets, including the Grasberg mine in Indonesia and the Cerro Verde mine...

  • Freeport, which had a total of 34,500 employees as of Dec. 31, reported another loss for the first quarter and said it expected to record a charge of about $40 million in the second quarter related to the job cuts and other restructuring costs. The net loss attributable to common stockholders was $4.18 billion, or $3.35 per share, compared with a loss of $2.47 billion,...

  • "These things are crawling all over my city" in tests, "but I had to come to Austin to ride in one," said Liccardo. And so behind the technology display here in Austin was something as formidable as the technology but far less noticed: Google is mounting a lobbying and public-relations campaign across America to win acceptance for "autonomous vehicles," as they're...

  • BOSTON, April 7- Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation. Losses from these scams, which are known as "business email compromise," totaled more than $2.3...

  • April 7- Alphabet Inc is expanding its testing of self-driving cars to the Phoenix, Arizona metro area, the company said on Thursday, making it the fourth U.S. city to serve as a proving ground for the autonomous vehicles. The company's Google unit has conducted driverless vehicle testing for six years in Mountain View, California, where it is based, and expanded...

  • April 5- Freeport-McMoRan Inc will axe its four top oil and gas executives and re-absorb the unit as an operating division, the mining and energy company said on Tuesday, announcing a move to cut costs as it tries to slash its $20 billion debt pile. "It is clear to us that attempts to sell all or part of the Oil& Gas business have so far not succeeded...," RBC Capital Markets...

  • NEW YORK, March 24- Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous areas of the country, according to a report released on Thursday. The report found that home price growth exceeded wage growth in nearly two thirds of the nation's housing...

  • Rubicon, which suffered a major setback in January when it had to cut the gold reserve estimate for its Phoenix mine in Ontario by 86 percent, said it continues to evaluate strategic options and that it was in talks with lenders. The Canada Pension Plan Investment Board provided a $50 million loan facility in May for developing the mine. Rubicon had debt of C $216.2...