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AZ Central
Current EventsAZ Central: Business News

Congress eyeing munis?

From AZ Central

Municipal bonds pay tax-free interest -- that's one of those constants on which conservative investors could always count, regardless of how tumultuous the financial markets became. Even the latest fiscal-cliff tax deal left muni bonds and bond mutual funds pretty much alone. If anything, the legislation enhanced their appeal by excluding muni-bond interest from the new Medicare investment surtax that now applies to high-income individuals. ... Quick Read

Board out of woman's business

From AZ Central

Confined to her Kansas City, Mo., home for six months with breast cancer in 2006, Lauren Boice conceived of a business linking cosmetologists with hospice patients. She said the idea was to provide a beauty and care service for elderly and ill people who couldn't get in a car for a trip to a salon. ... Quick Read

Burden falls on consumers to avoid phishing hooks

From AZ Central

SEATTLE Phishing continues to plague Internet users. Wal-Mart on Thursday issued an alert about an email phishing scam, recognizable by the misspelling in the from field -- "Wallmart," spelled with with two Ls. Phishers rely on social engineering to trick Internet users into quickly clicking on a tainted attachment or infected Web link. ... Quick Read

Downtown Phoenix since '02 has new life

From AZ Central

My recent return to working at The Arizona Republic mother ship after a decade in our Scottsdale Airpark office has opened my eyes to the striking changes in downtown Phoenix the past decade. It's a far more vibrant place than the city center I left in 2002. I used to feel sorry for conventioneers stuck downtown on a Sunday night with only a handful of marginal dining choices close to their hotels. ... Quick Read

High tariff defeats solar user's purpose

From AZ Central

After receiving a perplexing electric bill for his dentistry office in Snowflake, Craig West is much more skeptical of solar-electricity investments these days. His solar panels generated 62 more kilowatt-hours of electricity than his business used, giving him a total usage of negative 62. But he still had a bill of more than $180. ... Quick Read

Is new home safe from HOA fee lien?

From AZ Central

Question: We lost our Mesa home to foreclosure a year ago. We were almost immediately able to buy from an investor a smaller home in Queen Creek using carryback financing from the investor. The home prices in our Queen Creek subdivision have increased significantly in the past year, and we have approximately $20,000 equity in our home. The problem is that the homeowners association for our former home in Mesa now has a judgment for $8,000 in delinquent HOA fees that we did not pay for several ... Quick Read

SkyMall merges into Xhibit

From AZ Central

The specialty retailer SkyMall that built its brand with products pitched in airline passenger magazines has merged into a subsidiary of Xhibit Corp. The combination of Tempe-based Xhibit, a marketing technology company, and Phoenix-based SkyMall will be aimed at developing new marketing platforms for SkyMall's catalog and loyalty program customers. ... Quick Read

College savings benefit may rise

From AZ Central

Arizonans saving for college could get a break if the Legislature approves an expanded tax benefit now on the table for investors. Arizona already offers a modest state income-tax deduction to encourage savings in its Section-529 plan, named after a part of the Internal Revenue Code. But the current maximum annual deduction of $750 for single taxpayers and $1,500 for married couples could rise to $2,000/$4,000, depending on what happens in the Legislature as it grapples with the state's ... Quick Read

Gates regains title of world's richest person

From AZ Central

Bill Gates is back on top of the world again. Or at least on top of the list of the world's richest people, where your net worth has to be well above $55 billion to be in the club. Gates is co-founder of tech giant MIcrosoft, based in Redmond, Wash. He regained the title after Microsoft shares, up 28% so far this year, closed at a five-year high Thursday for the second time this week. ... Quick Read

Mortgage broker sentenced in fraud

From AZ Central

Jerry Craig Sr., the former owner of Phoenix-based Spectrum Financial, has pleaded guilty to one count of conspiracy to commit wire fraud for residential deals involving mortgage fraud, straw buyers and lying to lenders. He was sentenced to one year in prison and ordered to pay $2.4 million in restitution to First Fidelity Bank. ... Quick Read

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