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Top News & Analysis Phoenix

  • SAN FRANCISCO, Nov 7- Alphabet Inc's Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday. The test without a human in the driver's seat is a first in the United States as large tech companies, big automakers and...

  • ALPHABET'S WAYMO SELF-DRIVING UNIT LAUNCHING RIDE- HAILING SERVICE IN PHOENIX IN NEXT FEW MONTHS.

  • SAN FRANCISCO, Nov 7- Alphabet Inc's Waymo self-driving unit is launching a ride-hailing service for the general public with no human driver behind the steering wheel and has been testing such fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday. The announcement by Krafcik at the Web Summit technology conference...

  • In its first quarterly earnings report since Swift Transportation Co and Knight Transportation Inc merged this year, the company reported third-quarter earnings of $3.9 million, or $0.04 per diluted share, down from $23.7 million, or $0.29 per diluted share in the year-ago period. Adjusting for one-time items, the Phoenix, Arizona- based company reported...

  • Nov 2- U.S. auto retailer AutoNation Inc announced a multi-year partnership on Thursday to support Alphabet Inc's Waymo self-driving car unit, including vehicle maintenance and repairs as the company adds new brands into its fleet, sending its shares up 13 percent to a high for the year. Lauderdale, Florida- based AutoNation is the latest in a series of recent...

  • Nov 2- U.S. auto retailer AutoNation Inc announced a multi-year partnership on Thursday to support Alphabet Inc's Waymo self-driving car unit, including vehicle maintenance and repairs as the company adds new brands into its fleet. Lauderdale, Florida- based AutoNation is the latest in a series of recent partnerships the self-driving unit has formed.

  • ATWATER, Calif., Oct 30- Alphabet Inc's self-driving car unit stopped developing features that required drivers to take control in dangerous situations, its chief executive said Monday, as autopilot reliance left users prone to distractions and ill-prepared to maneuver. The decision followed experiments of the technology in Silicon Valley that showed test...

  • Oct 29- The billionaire founder of Insys Therapeutics Inc, John Kapoor, has resigned from the company's board of directors, Insys said in a statement on Sunday. Insys, which has previously disclosed that it was working to resolve a U.S. Justice Department probe, said on Sunday it has recorded $150 million as of Sept. 30 as its "best estimate of the minimum liability" to...

  • Oct 29- The billionaire founder of Insys Therapeutics Inc, John Kapoor, has resigned from the company's board of directors, Insys said in a statement on Sunday. Kapoor, Insys' majority shareholder who stepped down as chief executive in January, said on Sunday that his continued involvement with Arizona- based Insys would draw unnecessary attention to the company.

  • Oct 29- The billionaire founder of INSYS Therapeutics Inc John Kapoor, has resigned from the company's board of directors, INSYS said in a statement on Sunday. Kapoor was charged with engaging in conspiracies to commit racketeering, mail fraud and wire fraud in an indictment filed in federal court in Boston. Following a court hearing in Phoenix, Kapoor, 74, was...

  • BOSTON, Oct 26- The billionaire founder of Insys Therapeutics Inc was arrested on Thursday on U.S. charges he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug, marking a step by authorities to fight the opioid epidemic. John Kapoor, Insys' majority shareholder who stepped down as chief executive in January, was charged with...

  • PHOENIX, Arizona, Oct 26- In 2008, a thriving company named Science Care Inc developed a 55- page national expansion plan. Science Care founder Jim Rogers aimed to provide customers with the same cuts from cadavers no matter which Science Care branch handled the order. When you get a Big Mac, its going to taste like a Big Mac, whether youre in Louisiana or San...

  • LAS VEGAS, Oct 24- The company stacked brochures in funeral parlors around Sin City. On the cover: a couple clasping hands. Above the image, a promise: Providing Options in Your Time of Need.

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, according to a company letter reviewed by Reuters on Friday. The Sept. 28 letter to Indonesia's finance ministry reflects persistent and deep divisions between...

  • NEW YORK, Sept 26- People hate buying cars, because they think the seller will take advantage of them. Buying a car "is the second-largest expense our clients are likely to have after buying a house," said Rick Kagawa, a certified financial planner in Huntington Beach, California. If you walk into a dealership for a test drive, you are going to get the hard sell, so...

  • BERLIN, Sept 24- Germany's Social Democrats vowed to return to the opposition and push themes of social justice as they remake their party after winning less than 21 percent of the vote in Sunday's election, the worst result in their post-war history. Germany's oldest political party and one of the buttresses of the European left for 150 years, the SPD struggled...

  • Aug 31- Arizona sued Insys Therapeutics Inc on Thursday, accusing the drugmaker of engaging in a fraudulent marketing scheme aimed at increasing sales of a fentanyl-based cancer pain medicine called Subsys. The lawsuit by Arizona Attorney General Mark Brnovich in Maricopa County Superior Court in Phoenix comes during a series of federal and state...

  • The lawsuit by Arizona Attorney General Mark Brnovich in Maricopa County Superior Court in Phoenix comes during a series of federal and state investigations centered on Insys' Subsys opioid drug. The lawsuit, filed in Maricopa County Superior Court in Phoenix, accused Insys of paying doctors sham speaker fees in exchange for writing prescriptions of Subsys...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. #FreeportTaatIndonesiaBerdaulat, or " Freeport is obedient, Indonesia is a sovereign state". Indonesia's President Joko Widodo was the driving force behind the agreement demanding the...

  • NEW YORK, Aug 30- Standard& Poor's warned on Wednesday of grim consequences for the U.S. economy if the White House and lawmakers fail to reach a deal to keep the government open and avert a default. The likelihood of either outcome, however, remains slim, with the urgency to address massive damage from Tropical Storm Harvey, the most powerful storm to hit Texas in over...