Top News & Analysis Phoenix

  • AMERICAN WILL KEEP PHOENIX FACILITY OPEN FOR OTHER WORK AND WILL RETAIN PHOENIX AS A CREW BASE- EMPLOYEE LETTER.

  • Aug 3- Banner Health, a non-profit organization that runs a chain of hospitals, said hackers may have gained unauthorized access to patient, physician and beneficiary data. The hackers may have gained unauthorized access to computer systems that process payment card data at food and beverage outlets at some Banner Health locations, the company said on...

  • MEXICALI, Mexico, Aug 2- For Allied Tool& Die Company, Donald Trump's threats to tear up trade deals and impose steep tariffs if he becomes the next U.S. president means considering doubling down on Mexico as a base to manufacture for foreign markets. So far, Trump's campaign pledges- such as threatening to roll out punitive tariffs, ditch the 1994 North American Free...

  • PHILADELPHIA, Aug 1- The chief executive of embattled Theranos Inc on Monday presented plans for a new product and said the blood testing company was working diligently to rectify all of its outstanding issues involving its product and laboratory operations. CEO Elizabeth Holmes described new technologies that she said were "distinct from the operations of...

  • July 26- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, put its high-profile asset sales plan on the rear burner on Tuesday, and instead unveiled a $1.5 billion share issue to help it cut debt. Freeport's chief executive said he was confident the company could reduce its $18.8 billion of net debt to between $13.2 billion and $10.5...

  • July 26- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, put its high-profile asset sales plan on the rear burner on Tuesday, and instead unveiled a $1.5 billion share issue to help it cut debt. Freeport's chief executive said he was confident the company could reduce its $18.8 billion of net debt to between $13.2 billion and $10.5...

  • Freeport said it plans an at-the-market offering of common stock, a move that will likely weigh on its stock, Clarksons Platou Securities' Jeremy Sussman said. Its shares were last trading at $11.79, down 69 cents on the New York Stock Exchange. Earlier, Freeport said its net loss attributable to common stock narrowed to $479 million, or 38 cents per share, in the...

  • July 26- U.S. miner and oil producer Freeport-McMoRan Inc's quarterly revenue fell far short of Wall Street estimates, mainly due to lower copper prices. The world's biggest listed copper producer said average realized price per pound of copper fell about 20 percent to $2.18 in the second quarter ended June 30. The Phoenix, Arizona- based company's consolidated...

  • Attorney General Loretta Lynch said on Tuesday that it was important for the Justice Department to look at individuals in the ongoing criminal investigation into the Volkswagen emissions scandal. Under a settlement announced on Tuesday, the German automaker will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for...

  • Attorney General Loretta Lynch said on Tuesday fighting economic espionage was a priority for the Department of Justice. Interviewed by Reuters in Phoenix, she said: "When it comes to economic espionage, this is in fact a tremendous problem because... be they individuals or be they state actors... essentially they're stealing from future generations also.

  • Dexcom G5 Mobile Receiver

    Shares of DexCom rallied Monday amid two reports.

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

  • June 8- U.S. miner Freeport-McMoRan Inc will consider a "broad spectrum" of asset sales and has attracted interest from parties wanting to buy a stake in a grouping of its assets, Chief Financial Officer Kathleen Quirk said on Wednesday. Phoenix, Arizona- based Freeport has been selling off assets to bring down its debt to $10 billion from nearly $20 billion.

  • Wal-Mart teaming up with Uber and Lyft to deliver groceries

    The retail giant is testing a new service to deliver groceries to customers using Uber and Lyft drivers.

  • The world's largest retailer said it would begin test deliveries within the next two weeks in Denver and Phoenix. Wal-Mart's warehouse unit Sams Club began a pilot in March with startup Deliv to dispatch groceries to business customers in Miami. The largest grocer in the United States is already expanding its online order options to offer grocery deliveries...

  • 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,...