Arizona US West rate hearing faces uphill battle in 1993
The Arizona Commission holds a hearing on a proposed 128.4 million increase by US West as of July 1993 with staff recommending a 4.7 million cut and a 35 cent rate reduction. Staff seeks toll free service to 14 rural areas while US West disputes revenue loss and contends customers would fund a property sale and lease back. The commission kept records confidential, then released them to avoid harming competitive standing.
MENTIONED IN THIS ARTICLE
US West
Arizona Commission
Mor Commission
Poms
Commission
Tony Seese-Bida
Saudi airline to buy McDonnell MD-11 jets in $6B deal
Saudia tentatively plans to order 15 MD-11 wide body jets from McDonnell Douglas as part of a $6 billion package with American manufacturers. Boeing and McDonnell Douglas won the MD-11 bid over Airbus. If approved by the Cabinet, Saudia would take 46 Boeing jets plus 15 MD-11s with GE engines for most Boeing models and Pratt & Whitney engines for the MD-11s.
MENTIONED IN THIS ARTICLE
Saudi Arabia
McDonnell Douglas Corp
McDonnell Douglas
Boeing
Europe
Airbus Industrie
Saudia
King Fahd
General Electric Co
Pratt and Whitney
Celebrity backed restaurant stock to go public in 1995
Investors will be able to buy into the celebrity backed House of Blues restaurant and music club chain. The company plans a public offer next year after a private $32 million stock sale last August led by Dan Aykroyd Jim Belushi Isaac Hayes and Aerosmith with Harvard University holding 47 percent. Revenue was expected around $25 million for 1994.
MENTIONED IN THIS ARTICLE
Hard Rock Cafe
Planet Hollywood
House of Blues
Los Angeles
Dan Aykroyd
Saturday Night Live
Jim Belushi
Isaac Hayes
Aerosmith
Harvard University
Phoenix and Tucson Lead Arizona Home Price Gains
The National Association of Realtors reports first quarter gains across Arizona with Phoenix up 3.4 percent to 89200 and Tucson surging 10.2 percent to 88500. Nationwide median price climbs to 107400 with 3.5 percent rise. Arizona sales rate hits 144100, up 39.8 percent from 1992.
MENTIONED IN THIS ARTICLE
Arizona
Tucson
National Association of Realtors
Phoenix
Mercedes to build new SUV at Tuscaloosa plant
Mercedes-Benz AG announced plans to construct a four wheel drive sport utility vehicle at its new Tuscaloosa Alabama plant. Groundbreaking marked the project with production slated for 1997. The facility aims for 60 000 to 70 000 cars yearly, employs about 1500, and represents a $300 million investment. Southwest to buy 12 Boeing 737-300 jets
MENTIONED IN THIS ARTICLE
Mercedes-Benz AG
U.S
Tuscaloosa
Ala
Mercedes
US Weet Communications rate hike details filed in Arizona
The Associated Press outlines a 128.4 million rate increase request to the Arizona Corporation Commission. Basic residential service would rise to 17.50 monthly from 12.40, with staff proposals to 12.06. RUCO offers varied calls pricing with free calls and per call charges. commission staff deem some options acceptable.
MENTIONED IN THIS ARTICLE
Weet Communications
Arizona Corporation Commission
Commission
RUCO
Lawn care store grows with Mesa market growth
Beverly Posvar and her husband Kay moved to Mesa from Boulder and bought Kay's Lawnmower Store for 5000 dollars with 100 down. Now the business offers 30 brush cutters and a range of lawn care tools and serves government agencies and entrepreneurs, reflecting Mesa's growth.
MENTIONED IN THIS ARTICLE
Beverly Posvar
Kay
Mesa
Boulder
Colo
Kay’s
East Valley
Small Business Advocate Named In Arizona
Joe Dean director of the Business Connection at the Arizona Department of Commerce is appointed the state's Small Business Advocate. Gov. Symington says the role will represent entrepreneurs on regulatory issues and boost small business growth. Dean, from Globe, a Grand Canyon University graduate, will earn 55000 dollars annually and improve agency responsiveness.
MENTIONED IN THIS ARTICLE
Joe Dean
Business Connection
Arizona Department of Commerce
Gov. Symington
Dean
Advocate
Path cleared for AmWest investment in airline
AmWest Partners L P and related holders led by Continental Airlines Chairman David Bonderman reach agreement to back a reorganization plan for the Tempe based carrier. A mentation will be filed by month end as creditors weigh a plan that could allow the airline to emerge from restructuring by late summer or early fall with AmWest holding about a 33.5 percent stake and unsecured creditors receiving about 59.5 percent.
MENTIONED IN THIS ARTICLE
AmWest
Carl Eklund
Eklund
AmWest Partners
Arizona retailers post record March sales and Q1 gain
Arizona retailers posted a record March with total state sales around 2.6 billion, up 7.8 percent from a year earlier and 14.8 percent from February. First Interstate Bank and the University of Arizona note strong gains in cars and trucks, housing, and gasoline stations, with Q1 sales at 7.12 billion, up 7.6 percent.
MENTIONED IN THIS ARTICLE
Arizona
First Interstate Bank
University of Arizona
Brian Cary
Also Mentioned on This Page
Celebrity Chain
Southwest
Southwest Airlines
Boeing Co
The
Associated Press
Ois
Melanie Rook D
ANNA
Tribune
Bob Reilly
Globe
Grand Canyon University
Thea
Teoma Cary
Cameremeat To
Dow Jones
NYSE
Time Warner
S&p
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