Business

Fresh & Easy is closing about 50 stores in California, Arizona and Nevada in the coming weeks as the grocery chain pursues a new business model. The company said Sunday that by selling the stores, it can invest in new fresh food convenience stores.
March 23, 2015
A entirely new way to invest in businesses is on the horizon after the U.S. Securities and Exchange Commission decided this week to allow equity crowdfunding, which gives private companies the ability to raise money from the general public nationwide.
March 27, 2015
Hotel occupancy in Scottsdale remains strong. February had an 82 percent occupancy rate, about the same compared to last year. One thing that has risen is the average price of a hotel room. Compared to February 2014, hotel room rates are up by almost 14 percent to an average of $240 a night.
March 24, 2015
Small businesses pop up every year, but within the first five years of operation, many of them close. One nonprofit hopes to get women in on the small business trend, in a way that helps them survive the formative years.
March 20, 2015
The local housing market has been in recovery for a few years, but a new report found Arizona and metro Phoenix still have among the highest underwater rates in the nation.
March 20, 2015
The Federal Reserve signaled it may begin raising interest rates this year for the first time since 2006, which would have a ripple effect on the economy, especially housing.
March 18, 2015
The hostile $22 billion takeover attempt of Macerich Co., Arizona’s largest shopping mall owner, escalated Tuesday after rejecting its rival's offer and putting defense tactics in place to thwart further action.
March 17, 2015
For decades, federal and state laws have allowed only the wealthiest, most financially sophisticated investors to buy stock in a private company. Arizona lawmakers now want to extend that privilege to the general public.
March 16, 2015