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AZ Central
Current Events

AZ Central: Business News

Futures rebound ahead of Conference Board report

From AZ Central

NEW YORK -- U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week. Dow Jones industrial futures are up 40 points to 15,252. S&P futures have added 4.6 points to 1,652.70. Nasdaq futures are up 6 points to 2,004.25. ... Quick Read

World stocks mostly higher

From AZ Central

AMSTERDAM -- World stock markets shrugged off suggestions the U.S. Federal Reserve may begin to reverse some of its asset purchase programs by the end of the summer, and were mostly higher ahead of key data releases Friday. The Conference Board is due to report on U.S. leading indicators after North American markets open, along with the University of Michigan's consumer sentiment index. Analysts are expecting both to show an improvement from March. ... Quick Read

Organic industry clout grows with consumer demand

From AZ Central

WASHINGTON -- The organic food industry is gaining clout on Capitol Hill, prompted by rising consumer demand and its entry into traditional farm states. But that isn't going over well with everyone in Congress. Tensions between conventional and organic agriculture boiled over this week during a late-night House Agriculture Committee debate on a sweeping farm bill that has for decades propped up traditional crops and largely ignored organics. ... Quick Read

Prescott's Bird Cage Saloon doors set to reopen

From AZ Central

PRESCOTT -- The Bird Cage Saloon's taxidermy birds burned in the fire that swept through Prescott's Whiskey Row a year ago, and its Elvis decanter shattered, but the saloon is rising from the ashes. Carpenters were installing a refurbished front bar Thursday as the saloon prepares to serve Prescott patrons again. ... Quick Read

Dell's dismal 1Q illuminates PC maker's challenges

From AZ Central

SAN FRANCISCO -- Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets. The dismal performance announced Thursday provided the latest evidence of a technological shift that is making it difficult to sell laptop and desktop machines. Until recently, consumers had regularly replaced machines with faster ones every few years. The money is going instead to powerful, more ... Quick Read

Deep divide in Congress over domestic food aid

From AZ Central

WASHINGTON -- The House and Senate Agriculture Committees laid the groundwork this week for reducing the size of the federal food stamp program, approving farm bills that would shrink food aid and alter the way people qualify for it. The two chambers are far apart on how much the $80 billion-a-year program should be cut, however, reflecting a deep ideological and at times emotional divide on the role of government in helping the poor. ... Quick Read

Amy's Baking Company to hold grand reopening

From AZ Central

Amy's Baking Company announced through a public-relations representative on Wednesday that it would host a "grand reopening" Tuesday night. A portion of proceeds will benefit a charity organized to bring awareness to cyberbullying, according to the news release. ... Quick Read

J.C. Penney posts bigger 1Q loss than expected

From AZ Central

NEW YORK -- The legacy of J.C. Penney's former CEO continues to cast a dark cloud over the department-store chain. Penney on Thursday reported that it widened its loss in the first quarter on a 16 percent plunge in revenue. It marks the fifth straight quarter that the struggling company has posted massive declines. ... Quick Read

Puerto Rico faces lowest coffee production ever

From AZ Central

SAN JUAN, Puerto Rico -- Coffee production in Puerto Rico has hit the lowest level ever in the island's history, leaving farmers and government officials worried about how to revive a once burgeoning industry amid a deep economic crisis. Farmers produced some 80,000 pounds (39,900 kilograms) of coffee during the most recent harvest, which represents only a third of local consumption, Agriculture Secretary Myrna Comas said Thursday. ... Quick Read

NYC's Penn Station overhaul languishes

From AZ Central

NEW YORK -- The busiest passenger train station in the United States is a 1960s-era, utilitarian labyrinth in the basement of a basketball arena. Pennsylvania Station, a gateway to the nation's biggest city, was designed to accommodate about 200,000 riders a day. Now, it is packed with more than 600,000. At rush hours, it resembles a human demolition derby. All it takes to strand hundreds of thousands of people is a glitch on one of only two tracks linking Manhattan to New Jersey under the ... Quick Read

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Luxury Guide

Futures rebound ahead of Conference Board report

World stocks mostly higher

Organic industry clout grows with consumer demand

Prescott's Bird Cage Saloon doors set to reopen

Dell's dismal 1Q illuminates PC maker's challenges

Deep divide in Congress over domestic food aid

Amy's Baking Company to hold grand reopening

J.C. Penney posts bigger 1Q loss than expected

Puerto Rico faces lowest coffee production ever

NYC's Penn Station overhaul languishes

THINGS WE LIKE

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