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Top News & Analysis Phoenix

  • District Judge Paul Oetken in Manhattan said prosecutors could pursue charges that Brian Block knowingly misled investors by plugging fake numbers into a spreadsheet later incorporated into American Realty's reported results, making them appear better than they actually were. American Realty shares plunged as much as 37 percent on Oct. 29, 2014, wiping...

  • The company's shares, which were priced at $15, opened at $13.50, giving the company a market value of about $2 billion. Phoenix- based Carvana sells cars through its website and allows customers to pick them up from automated "vending machine" towers located in U.S. cities including Austin and Dallas in Texas, and Nashville, Tennessee. "We're going to stay focused on...

  • MILAN/ DETROIT, April 26- Fiat Chrysler Automobiles may seek more supplier partners to help it develop and build self-driving vehicles, Chief Executive Officer Sergio Marchionne said on Wednesday. The automaker reported an 11 percent jump in first-quarter operating profit, boosted by strong sales in North America, its most profitable market.

  • TOKYO/ SEOUL/ JAKARTA, April 26- Freeport McMoRan Inc is preparing three copper concentrate export shipments from its giant Grasberg mine in Indonesia after a 15- week outage, sources with direct knowledge of the matter said. These include shipments for customers in South Korea and Japan, the sources told Reuters. A shipping source in Japan said a vessel has...

  • TORONTO, April 25- Freeport-McMoRan Inc missed earnings expectations, cut its outlook and warned on Tuesday it would be difficult to secure a long-term Indonesian mining permit, but investors sent its stock soaring on relief over a temporary export resumption. New rules in Indonesia require miners to divest a 51 percent stake, relinquish arbitration rights...

  • A Waymo self-driving car.

    Waymo, Google's self-driving car project will allow hundreds of people in Phoenix to take rides in the vehicles to get feedback on the experience.

  • SAN FRANCISCO, April 25- Alphabet Inc's Waymo autonomous vehicle group will begin testing a self-driving car program for hundreds of families in Phoenix, Arizona and is buying 500 Chrysler minivans to do so, the companies said on Tuesday. Silicon Valley is racing to master self-driving technology, betting that it will transform the auto industry and be a gold...

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • A patient at the Veterans Affairs Medical Center in Washington, D.C.

    Department of Veterans Affairs' chief watchdog issued a rare preliminary report Wednesday to alert patients and other members of the public. USAToday reports.

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "It shouldn't take very long, we're talking weeks," she said,...

  • SANTIAGO, April 5- Freeport McMoRan Inc is awaiting final details on a temporary export permit in Indonesia, which would end a 12- week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "It shouldn't take very long, we're talking weeks," she said,...

  • JAKARTA/ TORONTO, March 30- Freeport McMoRan Inc's Indonesian unit is close to reaching a deal that would allow the world's biggest publicly listed copper producer to temporarily resume concentrate exports, Indonesia's mining minister said on Thursday. Energy and Mineral Resources Minister Ignasius Jonan said a new deal would allow Freeport to resume...

  • JAKARTA/ TORONTO, March 30- Freeport McMoRan Inc's Indonesian unit is close to reaching a deal that would allow the world's biggest publicly listed copper producer to temporarily resume concentrate exports, Indonesia's mining minister said Thursday. The export ban, part of plan to boost Indonesia's smelter industry, saw Freeport shelve billions of dollars...

  • HOMS, Syria/ BEIRUT, March 18- Rebels and their families began leaving their last bastion in the Syrian city of Homs on Saturday, state media and a Reuters witness said, under a Russian-backed deal with the government expected to be among the largest evacuations of its kind. The agreement underlines Syrian President Bashar al-Assad's upper hand in the war, as more...

  • HOMS, Syria/ BEIRUT, March 18- Rebels and their families began leaving their last bastion in the Syrian city of Homs on Saturday, state media and a Reuters witness said, under a Russian-backed deal with the government expected to be among the largest evacuations of its kind. The agreement underlines Syrian President Bashar al-Assad's upper hand in the war, as more...

  • HOMS, Syria/ BEIRUT, March 18- Rebels and their families began leaving their last bastion in the Syrian city of Homs on Saturday, state media and a Reuters witness said, under a Russian-backed deal with the government expected to be among the largest evacuations of its kind. The agreement underlines Syrian President Bashar al-Assad's upper hand in the war, as more...

  • Bennett said it plans to open five stores in Russia, shrugging off the political and economic challenges of working in a country that's been under Western sanctions for almost three years. It opened its first shop in a Moscow mall in August, teaming up with Russian fashion firm Easy Fashion Group. L.K. Bennett, a high street brand favoured by Britain's Duchess of...

  • JAKARTA, March 3- Indonesia will not back down from new rules requiring Freeport-McMoran to divest a majority stake in its local unit, Energy and Mineral Resources Minister Ignasius Jonan said, in a dispute over rights to the world's second-biggest copper mine. Freeport's exports of copper concentrate from its Grasberg mine have been at a standstill since...

  • Home sellers, watch out for these two hot weeks every year

    When it comes to real estate, this spring is the seller's market.