Stanford Kurland, the former president at Countrywide Financial, is now the chairman of a firm that plans to buy and restructure deliquent mortgages. More…
WASHINGTON - Lawmakers and regulators said Saturday that an ambitious plan by the Treasury Department to revamp the nation’s decades-old financial regulatory structure could require congressional action stretching over several years and would not help the economy out of its current credit crisis. More…
In this battered housing market, choosing the right neighborhood is more important than ever. More…
NORTHEAST VALLEY - At least three developers who purchased land in northeast Phoenix’s Desert Ridge area when times were good are seeking relief from the terms of their purchase from the Arizona State Land Department. More…
A citizens group opposes what it calls a high-density residential development proposed as part of the plan for the Ritz-Carlton, Paradise Valley Resort. More…
WASHINGTON (CNN) — The Federal Reserve would have the power to regulate virtually the entire banking and securities industry under proposals to be unveiled Monday by Treasury Secretary Henry Paulson, according to a summary of the proposals provided to CNN late Friday. More…
LIKE Noah building his ark as thunderheads gathered, Bill Gross has spent the last two years anticipating the flood that swamped Bear Stearns about 10 days ago. More…
The Valley’s first Bloomingdale’s and second Nordstrom will not open until November 2010 - a year later than planned. More…
When Annika Sorenstam, Juli Inkster and Lorena Ochoa have won the previous titles, it speaks volumes about the quality of your golf tournament. More…
Home prices fell the most on record in January while consumer confidence in the
Around 600 B.C., the fabled Hanging
Tempe Marketplace has brought in about $1.6 million in tax revenue since opening this fall, which includes the first holiday for the new retail center near Loops 101 and 202. More…
NEW YORK - JPMorgan Chase & Co.’s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing rival, blunting the threat that shareholders could scuttle the deal. More…
WASHINGTON - Faced with rising economic anxiety and the high-profile rescue of a major investment bank, lawmakers are considering sweeping changes to financial regulation and an enormous effort to buy troubled home loans. More…
WASHINGTON - If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up regulation, Treasury Secretary Henry Paulson declared Wednesday. The demise of once-mighty Bear Stearns proves “the world has changed,” underscoring a need for the government to adapt, too, he said. More…
Existing-home sales climbed unexpectedly in February, as home buyers took advantage of low interest rates, falling home prices and foreclosure bargains. More…
Dana Park Village Square is meeting its goal of becoming another upscale outdoor destination for shopping and dining in the Valley. More…
We are saving the ecology with less junk mail!
At a time when apartment sales overall are slowing, four West
Pacific Office Properties Trust has started trading on the American Stock Exchange under the symbol PCE. More…