ARIZONA

IBTimes Logo

Feds to seize LA bank in 4th biggest failure: report

Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.

U.S. Bancorp gets $18 billion seized bank assets

IBTimes Logo
U.S. Bancorp on Friday acquired nine banks held by FBOP Corp, picking up $18.4 billion in assets after regulators seized a major Los Angeles lender and eight other banks in the latest failures to emerge from the financial crisis.
IBTimes Logo

Long lines as Microsoft opens retail store

The idea that hundreds of people would line up outside anything to do with Microsoft would have been far-fetched only a few years ago -- but on Thursday that's what happened when the software giant opened its first retail store in Scottsdale, Arizona.
More news
IBTimes Logo

Freeport to increase 2010 copper project spending

Freeport-McMoRan Copper & Gold Inc said Wednesday it has decided to move forward on three deferred copper mining projects, citing a positive outlook for its metal markets and its ability to manage costs during the global economic downturn.
IBTimes Logo

Naked access trading practice breeds anxiety

The practice of brokers giving high-frequency traders unfettered access to the U.S. stock markets is raising anxiety among industry players who fear the risks it poses and the damage that could be done to their own reputations.
IBTimes Logo

Western Union Q3 profit beats estimates, stock up

Western Union Co said quarterly earnings fell after settlement charges, but beat expectations and the world's largest payment transfer company improved its outlook for 2009, sending shares up 1 percent.
IBTimes Logo

First Microsoft store looks set to open

Microsoft Corp's first store looks ready to open in an upscale Phoenix valley city in the next few days, as the software maker takes its first step in trying to match rival Apple Inc's successful venture into retail.
IBTimes Logo

First Solar shares up on potential index inclusion

First Solar Inc's shares surged nearly 5 percent on Friday, buoyed by news the U.S. solar power company will join the flagship S&P 500 stock index and after it landed a buyer for a 20-megawatt solar power project in Canada.
IBTimes Logo

APS, Starwood end Ariz. solar power purchase deal

Arizona Public Service said late Wednesday Starwood Energy Group Global LLC terminated a long-term power purchase agreement on Starwood's proposed 290-megawatt concentrating solar power plant in Arizona.
IBTimes Logo

Stun-gun maker Taser blogs to beat bad buzz

When the 49ers were battling the Cardinals in a National Football League game earlier this year, a Facebook update by stun gun maker Taser proclaimed that the San Francisco-based team's Taser formation could be the tipping factor.
IBTimes Logo

Option mortgages to explode, officials warn

The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
IBTimes Logo

U.S. option mortgages to explode, officials warn

The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
IBTimes Logo

First Solar sets new 27 MW order for juwi

U.S.-based solar panel maker First Solar Inc said on Thursday that it will supply 27 megawatts of solar panels for utility projects in the United States to a unit of juwi Holding AG.
IBTimes Logo

Tucson Electric to buy solar power in Arizona

Tucson Electric Power, a unit of UniSource Energy Corp, agreed to buy power from two solar energy systems to be built in Arizona that would generate enough electricity for more than 6,000 homes, the company said in a release late Wednesday.
IBTimes Logo

NHL says Balsillie must say sorry to own a team

Canadian billionaire James Balsillie was told on Friday that he will need to apologize and show humility if he wants to one day achieve his dream of owning one of North America's professional ice hockey teams.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.