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Top News & Analysis Phoenix

  • NEW YORK, June 30- The former chief financial officer of American Realty Capital Properties Inc was convicted on Friday of deceiving investors by inflating the real estate investment trust's financial statements. Jurors in a federal court in Manhattan found Brian Block guilty of fraud and conspiracy following a three-week trial. American Realty shares...

  • June 29- A U.S. prosecutors on Thursday urged jurors to convict the former chief financial officer of American Realty Capital Properties Inc over allegations he inflated the real estate investment trust's financial statements, winding down a three-week trial. Attorney Edward Imperatore told the jurors that in July 2014, Block plugged fake numbers into a...

  • Homeland Security officials on Wednesday will unveil enhanced security measures for foreign flights arriving in the United States but not an immediate expansion of an in-cabin ban on laptops and other large electronic devices because they might carry bombs, sources briefed on the matter said. Reuters reported earlier this month that the United States had...

  • There is no evidence of mispricing in major markets, leverage has been reduced and prime real estate is priced at about fair value, said Peter Hayes, PGIM Real Estate's global head of investment research. PGIM, which manages $65.9 billion in real estate assets, said opportunities can be found in non-gateway U.S. markets such as Dallas and Phoenix and non-central...

  • There is no evidence of mispricing in major markets, leverage has been reduced and prime real estate is priced at about fair value, said Peter Hayes, PGIM Real Estate's global head of investment research. PGIM, which manages $65.9 billion in real estate assets, said opportunities can be found in non-gateway U.S. markets such as Dallas and Phoenix and non-central...

  • PGIM, which manages $65.9 billion in real estate assets, said opportunities can be found in the non-gateway U.S. markets such as Dallas and Phoenix and non-central business districts in Asia and Europe where office rental demand looks strong. Ongoing demand for warehousing in the United States and elsewhere because of e-commerce and the world's growing...

  • Shares in traditional rental car companies such as Avis and Hertz Global Holdings Inc have taken a beating as more travelers use ride services such as Lyft and Uber Technologies Inc The Waymo-Avis deal points to a potential future for rental car companies as managers for fleets of shared and autonomous vehicles require their services changing tires,...

  • TEL AVIV, June 26- Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China's Fujian Yango Group has been called off by both sides after it failed to secure regulatory approval. "Due to the prolonged process of obtaining the approval for the sale of control in Phoenix to Yango Group, the two sides...

  • There's a scientific reason why hot weather has grounded planes at Phoenix airport

    Extreme heat at Phoenix airport is grounding planes.

  • Heat at Phoenix Sky harbor airport is grounding flights on smaller aircraft, particularly flights on Bombardier CRJ planes.

  • ZURICH, June 20- Nestle has acquired a minority stake in U.S. healthy ready meals group Freshly, as the Swiss food giant seeks to hone its distribution network in a rapidly changing U.S. market. Nestle said on Tuesday it was lead investor in a $77 million round of new funding for Freshly, helping it gain access to the $10 billion market for prepared meals in the United...

  • The Swiss food giant said it was lead investor in a $77 million round of new funding for Freshly, helping it gain access to the $10 billion market for prepared meals in the United States that it said would grow at "very attractive rates". Nestle USA's Food Division President Jeff Hamilton would join Freshly's board of directors. Headquartered in New York with...

  • WASHINGTON, June 15- American Airlines and the U.S. Transportation Security Administration said on Thursday they were testing a new high-definition airport screening device that could allow passengers to keep liquids and laptops in carry-on luggage during screening and potentially avoid new restrictions on in-cabin electronics.

  • NEW YORK, June 15- When Alexander Koury took his cats to get groomed a few weeks ago, he got a bit of a shock at the checkout counter. The Phoenix financial planner brought his 5- year-old orange tabbies Frankie and Scotch in for bathing, clipping and shaving, which cost $150. Recent data from Square, a popular mobile payments app led by Twitter co-founder Jack Dorsey,...

  • NEW YORK, June 15- When Alexander Koury took his cats to get groomed a few weeks ago, he got a bit of a shock at the checkout counter. The Phoenix financial planner brought his 5- year-old orange tabbies Frankie and Scotch in for bathing, clipping and shaving, which cost $150. Recent data from Square, a popular mobile payments app led by Twitter co-founder Jack Dorsey,...

  • TORONTO, June 14- Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, and China Molybdenum Co Ltd have agreed to terminate discussions on CMOC's acquisition of Freeport's cobalt assets, Freeport said on Wednesday. China Moly had an exclusive right to negotiate for the assets, which includes the Kokkola Cobalt Refinery in Finland and the...

  • MONTREAL, June 14- Bombardier Inc is unlikely to announce new CSeries orders at the Paris Air Show next week, as it grapples with broader market weakness, though demand for smaller regional aircraft is growing, a person familiar with the matter told Reuters. But even as some market observers look to showcase events like Paris, which are used to launch products and...

  • June 9- The stealthy F-35 fighter jets made by Lockheed Martin Corp were temporarily grounded at a U.S. Air Force base in Arizona on Friday because of irregularities in pilots' oxygen supplies, an Air Force spokesman said. At Luke Air Force Base northwest of Phoenix, Arizona, the 56th Fighter Wing canceled local flying operations for its F-35A Lightning II...

  • TORONTO, June 9- Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, to 6.33 percent as of June 6, from 7.2 percent in late November, according to a regulatory filing on Friday. Icahn held 91.6 million Freeport shares as of June 6, a filing with the U.S. Securities and Exchange Commission showed.

  • "Wells Fargo has been a part of the Philadelphia community for more than 140 years and we will vigorously defend our record as a fair and responsible lender." Philadelphia accused Wells Fargo of having since 2004 steered minority borrowers into higher-cost, riskier loans than white borrowers, even if they qualified for loans with easier terms, and refused to let...