Brett Maas

Local Business News

• Two new candidates file to run for Arizona Corp. Commission board May 23, 2013
  Two new candidates, a Republican and a Democrat, have filed paperwork to run in 2014 for two seats opening on the board that regulates Arizona utilities. The Arizona Corporation Commission consists of five statewide elected officials who oversee regulated utilities such as Arizona Public Service Co., Tucson Electric Power Co. and Southwest Gas Corp. The offi […]
  Ryan Randazzo
• McDonald's CEO bawled-out by 9-year-old May 23, 2013
  McDonald's needs kids more than today's kids need McDonald's. Perhaps no one knows that better than CEO Don Thompson, who was seriously put on the hot seat by a nine-year-old girl at Thursday's annual shareholder's meeting in Oak Brook, Ill. […]
  Bruce Horovitz
• Ford to end auto production in Australia in 2016 May 23, 2013
  SYDNEY -- Ford Motor Co. said Thursday it was closing its two Australian auto plants and ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. The closure of the U.S. automaker's plants in the state of Victoria will mean the loss of 1,200 jobs and will transform the company into an import-only brand in Australi […]
  Kristen Gelineau
• Heat wave causes power outages, anger in India May 23, 2013
  LUCKNOW, India -- A blistering heat wave has swept across most parts of north and western India, causing massive electricity cuts and leading angry residents to protest and even attack power company officials and property. In the northern state of Uttar Pradesh, enraged citizens have set fire to a power station and held power company employees hostage for se […]
  Biswajeet Banerjee
• EU performs abrupt U-turn on olive oil regulation May 23, 2013
  BRUSSELS -- The EU has something important to say about its proposal to regulate olive oil on restaurant tables: Uh, never mind. Last week, the European Commission, the EU's executive branch, said that restaurants should only be allowed to serve oil to customers in non-refillable bottles with proper content labeling. The refillable bottles are a staple […]
• Lenovo says quarterly profit up 90 percent May 23, 2013
  BEIJING -- Computer maker Lenovo Group says its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo Group said Thursday it earned $127 million, or 1.22 cents per share, in the three months ending March 31. Revenue rose 4 percent over a year earlier to $7.8 billion. […]
• Stocks edge lower as investors reassess Fed fears May 23, 2013
  NEW YORK -- Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted partly by an unexpected slowdown in Chinese manufacturing. Concern that the Federal Reserve might ease back on its economic stimulus prog […]
  Steve Rothwell
• Sears reports bigger-than-expected 1Q loss May 23, 2013
  NEW YORK -- Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer blaming a cooler spring for falling sales. The operator of Sears and Kmart stores also said it's considering strategic options for its service-agreement business, such as selling it off, to raise cash. Service agreements are when cu […]
• Solar plane completes 2nd leg of trip in Texas May 23, 2013
  DALLAS -- A solar-powered plane has landed in Texas, completing the second leg of a trip across the United States. The Solar Impulse is making the first attempt by a solar airplane capable of flying day and night without fuel to fly across the U.S. […]
  Associated Press
• CEO of Pulliam Trust to retire in Jan. May 23, 2013
  Harriet Ivey, the founding CEO and president of the Nina Mason Pulliam Charitable Trust, is retiring after leading the foundation during its first 15 years. Ivey, 64, will remain at the trust through January, and a nationwide search for her successor will begin in late June. The trust, with offices in Phoenix and Indianapolis, has an endowment of roughly $37 […]
  Russ Wiles