Fed expected to raise rates in May as markets steady
Private economists predict a mid May rate hike by the Federal Reserve after two small increases in February and March. Analysts warn the move could be larger than prior steps if economic performance and market stability justify it, despite a volatile stock market and rising long term yields.
MENTIONED IN THIS ARTICLE
Fed
Washington
The
Federal Reserve
Wall Street
Bruce Steinberg
Merrill Lynch
New York
Washington Post
Central Bank
Mance
Treasury
Clinton
ACC orders US West to shield customers from investment costs
The Arizona Corporation Commission ruled that US West Inc must ensure that transaction costs from its multibillion-dollar Time Warner Entertainment investment are not passed to telephone customers in the state. ACC spokesman Jon Poston cited past utility investments by Southwest Gas, Tucson Electric Power, and Arizona Public Service as evidence of potential rate impact if deals fail.
MENTIONED IN THIS ARTICLE
Arizona Corporation Commission
US West Inc
Warner Entertainment
US West
Dempee Vend
ACC
Jon Poston
Southwest Gas
Tucson Electrc Power Co
Arizona Public Service Co
Time Warner
Commission
Poston
Franchisees sue 7-Eleven parent over missing support services
A class-action suit filed in Chicago federal court accuses Southland Corp and its buyers Ito-Yokado Ltd and Seven-Eleven Japan Co. of violating franchise agreements by failing to advertise remodel and support stores. The suit notes a 1987 leveraged buyout and 1990 sale, with Southland operating over 14,100 stores globally, including 2,800 franchised. It references 31 local East Valley and Scottsdale 7-Eleven stores.
MENTIONED IN THIS ARTICLE
7-Eleven
Southland Corp
U.S
Chicago
Ito-Yokado Ltd
Seven-Eleven Japan Co
Japan
East Valley
Scottsdale
Arizona March survey shows broad economic expansion
Arizona's economy posted strong March results across six indicators in a statewide survey. Professor Harold Fearon of Arizona State University cited the biggest gain in new orders in almost two years and the largest production rise in seven years, signaling a strengthening economic cycle with expected further boosts in orders, production and employment.
MENTIONED IN THIS ARTICLE
Arizona
Arizona State University
Harold Fearon
Fearon
Southwest records March boarding at Phoenix Sky Harbor
Southwest Airlines reported a record 273,933 local passengers boarded in March at Phoenix Sky Harbor with an additional 74,177 transfer passengers, totaling 348,110 boardings for the month. The airline called this an all-time monthly system record.
MENTIONED IN THIS ARTICLE
Southwest Airlines
Phoenix Sky Harbor International Asport
Southwest
Sky Harbor
ANA Names John F. Fearing Arizona Newspapers Chief
John F. Fearing, 47, longtime California publisher, named executive director of the Arizona Newspapers Association based in Phoenix. He has led the Pacifica Tribune in San Francisco since 1989 and joins a search group that selected him from five finalists to replace Fran Wessels. He begins duties April 25.
MENTIONED IN THIS ARTICLE
California
John F. Fearing
Arizona Newspapers Association
Phoenix
Fearing
Pacifica Tribune
San Francisco
Werle
Fran Wessels
Waste la i
Teamsters Strike Shuts Down Arizona Trucking Firms
Up to 75,000 Teamsters nationwide walked out over use of part-time workers, with about 1,000 Arizona drivers striking and halting operations at four firms including Roadway Express in Tempe and Consolidated Freightways, ABF, and Yellow Freight in Phoenix. Affected firms reportedly shut except for managers. strike letters a day-by-day situation.
MENTIONED IN THIS ARTICLE
Teamster
Arizona
Terry Moser
Arizona Teamsters Local 104
Roadway Express
Tempe
Consolidated Freightways
Chandler
ABF
Yellow Freight
Phoenix
Moser
Michael Wickham
Akron
Ohio
Charles O’connor
Teamsters
O’connor
Roadway
Consolidated
Bell brings cellular service to rural Arizona towns
Bell Atlantic Mobile wired 12 new cellular transmission sites in 10 weeks, expanding to Globe Florence San Manuel and Payson in central Arizona. The service area spans Mogollon Rim to Gila County, with Phoenix and Casa Grande prefixes initially, and local airtime rates for calls to the region. Bell Atlantic Mobile covers an 8300 square mile area in the state.
MENTIONED IN THIS ARTICLE
Roosevelt Lake
Bell Atlantic Mobile
Arizona
Globe
Florence
San Manuel
Payson
Mogollon Rim
Pima County
Gila County
U.S
Rick Conrad
Bell Atlantic
Seneca
Mammoth
Phoenix
Casa Grande
Conrad
Hamilton Standard opens big Mesa factory doors
Hamilton Standard, a United Technologies division, started a $20 million plant in Mesa at 7300 E Hampton Ave. The 85,000 square foot facility employs 70 and makes pneumatic valves for aircraft control systems and jet engine starters for Boeing, McDonnell Douglas, Airbus, Pratt and Whitney, General Electric, and Rolls-Royce. A Megacorp study credits the operation with over $50 million statewide impact since construction began.
MENTIONED IN THIS ARTICLE
Hamilton Standard
United Technologies Inc
Mesa
E. Hampton Ave
Kenneth Marcia
Pratt and Whitney
United Technologies
General Electric
Rolls-Royce
Cemerins
Megacorp
City of Mesa
Hamilton Standard Opens Mesa Plant Amid Cautious Hiring
The company will hire up to 250 workers only as aerospace demand improves. Marcia said the industry could stay flat until early next year. John Mayo of Hamilton Standard cited competitive need and Mesa’s low costs, infrastructure, and supplier access. The firm, aided by Maricopa CC District, notes a large skilled labor base and plans an April 18 ribbon cutting.
MENTIONED IN THIS ARTICLE
Marcia
Hamilton Standard
Mesa
Maricopa County
Record Tourism Inquiries Hit Arizona After Advertising Drive
Staff reports show the Arizona Office of Tourism logged a March record of 75 000 information requests about travel in Arizona. The surge followed a January launching ad campaign targeting New York and Los Angeles, with California and Illinois driving March inquiries and Midwest Living the top publication. The increase is tied to bitter East Coast winter, Old West interest from films, and interest in nontraditional spots. Information requests are handled with a new 800 line and a computer tracking system to guide future spending. a $2 million budget increase funds marketing and a new welcome center at Lupton on I 40 near the New Mexico border.
MENTIONED IN THIS ARTICLE
Arizona Office of Tourism
Arizona
Greg Gilstrap
New York
Los Angeles
Gilstrap
Office of Tourism Data
California
Illinois
Midwest Living
Office of Tourism
Arizona Highways Magazine
Also Mentioned on This Page
Associated Press
Ana
Darryl Webb
Tribune
Theron Hansen
Left
Gene Hunt
Gilbert
Bell
Bob Reilly
Boeing
McDonnell Douglas
Airbus
John Mayo
Connecticut
Nyse Index
Regen Jee Gan
NYSE
Woolworth
Chrysler
Nasdaq
Eowave
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