azcentral.com | business
azcentral.com Business contains business, stock market and financial information about the Phoenix metro area, Arizona and the rest of the world.
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Citigroup to offer $5.5 billion in debt
Citigroup to offer $5.5 billion in debt.
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Ford tells Congress it may be able to go it alone
Automaker asking for a $9 billion "stand-by line of credit," but says it doesn't expect to tap it.
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Stocks bounce back after steep selloff
NEW YORK - Wall Street rebounded Tuesday, regaining some of the ground lost in the previous session's huge drop, as the potential for a bailout of the beleaguered auto industry helped calm investors. The Dow Jones industrials rose nearly 225 points, regaining a third of Monday's nearly 680-point plu ...
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US Airways CEO: Demand may improve in Jan.
US Airways CEO: Demand may improve in January.
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Ford Motor Co. says it may be able to go it alone
Automaker expects to have enough money to make it through next year, and break even in 2011.
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It's official: We're in a recession
Economists say the recession began in Dec. '07.
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Obama asks for governors help on economy
PHILADELPHIA - President-elect Barack Obama told governors Tuesday he wants their help in designing an economic recovery plan and vowed to work with Democrats and Republicans alike.
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Ford says it may be able to go it alone
WASHINGTON - Ford Motor Co. is asking Congress for a $9 billion loan as a ''backstop'' to keep it from running short of cash in 2009, but says it doesn't expect to need the money.
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Stocks rise on reassuring Ford comments
NEW YORK - A stock market reassured by Ford Motor Co.'s assessment of its financial health bounced back Tuesday, regaining some of the ground lost in the previous session's huge drop.
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Stocks point to moderately higher open
NEW YORK - Wall Street headed toward a higher open Tuesday, following a now-familiar pattern of snapping back after a huge selloff. Investors, while looking for bargains, were awaiting more news about the health of retailers and automakers.
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It's official: Recession began in December '07
Now that we know we're a year into a recession, economists have a better chance of gauging when we might climb out.
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Cities try to cope with shortfalls in sales taxes
As big-box retailers like Circuit City and Mervyn's shut down stores amid a troubled economy, Arizona cities are preparing for the aftermath: falling sales-tax revenues and an onslaught of vacant storefronts.
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Officials scramble to boost faltering economy
It's official: The country is in a recession, and it's getting worse.
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Valley stores saw spending increase
Store visits were up nationally and locally.
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Officials scramble to boost economy
Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse.
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Utilities plan ways to reduce peak usage
Salt River Project and Arizona Public Service Co. plan to launch programs next year to pay businesses to cut part of their power usage on days when demand spikes.
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Valley stores enjoyed uptick in holiday-shopping
Store visits across the nation were up 17 percent over the long Thanksgiving weekend, according to the National Retail Federation. And locally shoppers followed the trend.
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Auto-parts boss follows his dream after layoff
When parts manager Mike Bachara saw the numbers going south at Bill Heard Chevrolet in Scottsdale, he knew it was time to ramp up the side business he had started a few years earlier.
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Redstone sells Midway stake at huge loss
Billionaire mogul sold shares for less than a penny.
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Fourth-worst drop ever for Dow
The stock market suffered one of its worst days, slicing 680 points off the Dow.
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