You don’t need to be an economics whiz like Ben Bernanke to grasp the financial impact of the real-estate bust in metro Phoenix. more…
HOUSTON - Filling up in the nation’s energy capital is as painful as anywhere these days. Twenty bucks barely makes a dent on the gauge when gasoline prices are $3.25 a gallon and edging higher. more…
NORTHEAST VALLEY - Westcor officials say they still plan to build their Palisene project despite a recent alliance with DMB Associates to develop retail at One Scottsdale, east of Palisene at Loop 101 and Scottsdale Road. more…
Elsa Rector is hoping that her historic Paradise
Since the groundwork for Scottsdale Fashion Square was first laid in 1961, the upscale retail center,
The Arizona Department of Real Estate has ordered the founder of property-management company Gorenter.com to stop doing real-estate business in the state. more…
The nation’s lackluster economy means challenging times now and ahead for operators of Paradise
WASHINGTON - Even as Senate leaders hammered out a compromise plan Wednesday to help homeowners facing foreclosure, an existing program to do just that is faltering due to a lack of staff and overly tight standards that favor lenders over borrowers. more…
WASHINGTON - The Federal Reserve’s unprecedented actions to prevent the collapse of Bear Stearns were taken to preserve the “integrity and viability of the American financial system” and did not represent any kind of bailout, Fed Chairman Ben Bernanke said Wednesday. more…
The controversial $97.4 million subsidy offered by Phoenix to a shopping-mall developer is constitutional, according to a ruling Wednesday by Maricopa County Superior Court. more…
WASHINGTON - Senate leaders agreed Tuesday to set aside their differences on how to approach the nation’s soaring foreclosure rate, vowing to bring a bipartisan housing bill to the floor today. more…
NEW YORK - The U.S. financial industry has been shedding jobs at a record clip, and some analysts predict the pace will only accelerate over the next year and a half as banks cut costs in the face of the housing market slump and the weak economy. more…
Developers envision luxury condominiums overlooking Scottsdale Stadium and its practice fields. More…
Two of metro
WASHINGTON - It’s a Herculean task: revamping a financial-regulatory system dating to the Civil War to deal with 21st-century crises imperiling the country. More…
Wall Street got its hopes up on Mar. 11. Elated by a Federal Reserve move to stop the credit crunch, the U.S. stock market posted its biggest one-day gain in five years, with the Dow Jones industrial average rising more than 400 points. Look out, though. Fed officials are the first to acknowledge that their initiative attacks only one problem, the liquidity squeeze at big banks. It does nothing about the central risk to the