Burns, Pierce take Arizona Corporation Commission seats for GOP; Garcia, Jennings lead among Democrats

The race for two seats on the Arizona Corporation Commission was narrowed to four Tuesday night, with an incumbent commissioner and former commissioner looking like they would move on.
On the Republican ticket, current Commissioner Gary Pierce and former legislator Brenda Burns were taking the two spots available, keeping distance from former Commissioner Barry Wong in […]

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Phoenix Coyotes ownership dealings may get more players

The on again, off again saga around ownership of the Phoenix Coyotes continues, all with a looming deadline to sell the franchise and the city of Glendale on the hook for potentially millions.
Ice Edge Holdings LLC efforts to work out a lease deal with the city of Glendale, which owns Jobing.com Arena, and a purchase […]

Duke Energy slashes Indiana smart-grid plan

Duke Energy goes back to Indiana regulators next week looking for approval of a scaled-down proposal for smart grid operations in that state.
Despite the promise of more efficient energy use, greater reliability and new services, smart grid is often proving a tough sell. It certainly was in Indiana. In November, the Indiana Utility Regulatory Commission […]

NYS government still in business

State lawmakers put off a shutdown of government operations Monday, with both houses securing enough votes to approve emergency spending for the 11th consecutive week.
This extension, forwarded by Gov. David Paterson, does include several hundred million dollars in reduction in health care and human services.
The stat Senate approved the measure 34-27 while the Democratic-led Assembly […]

BP ratings downgraded by Moody’s, Fitch

BP’s debt rating, a key indication of the corporate world’s outlook for the company, was downgraded Thursday by two of the three major credit ratings agencies for the failure to plug a massive oil leak in the Gulf of Mexico.
Fitch Ratings downgraded two key BP debt ratings to "AA" from "AA-plus" and placed the […]

Small Business Week focuses on legislation

As part of national Small Business Week, President Barack Obama is urging Congress to pass a package of legislation aimed at helping small business.
Under the proposal, introduced in February, the $30 billion package would include tax relief for investing in small businesses, expansion of loan programs through the Small Business Administration as well as funds […]

Europe’s pain may be gain for investors in stocks

Europe’s ongoing fiscal trauma may present opportunities for U.S. investors.
There could, for example, be possibilities in European stocks that are depressed in price or in stocks of the U.S. multinational companies most likely to gain from European misfortune.
The primary risk is that ongoing problems involving not only Greece but other […]

Malaysia State-Linked Firms Urged to Invest at Home

Malaysia’s government-linked companies and businessmen are being pressed to boost spending at home amid concern that more money is being invested abroad than flowing into the country.
Fresh ideas to stimulate investment may be included in the government’s so-called New Economic Model, International Trade and Industry Minister Mustapa Mohamed said in an interview on […]

Wind company Vestas to lay off 114

Vestas Americas on Thursday cut 114 positions, or 6 percent of its North American work force, due to sluggish demand for wind energy projects.
Vestas Americas is the Portland-based North American headquarters of Vestas Wind Systems A/S, the Randers, Denmark-based wind turbine manufacturer.
The cuts impact only 15 at the company’s Portland office, which employs around 500 […]

Roseman: Know what you’re paying for before jetting off

When you buy travel insurance, don’t be tripped up by fine-print clauses that deny compensation when you make a claim.
Take Bill Walker and Iris Lustig. They booked a trip to London, but had to cancel a week before leaving because Lustig had a flare-up of Crohn’s disease, a chronic stomach ailment.
"She was very sick, so […]