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Business

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Jobless rate tops 10% for first time since '83

Jobless rate tops 10% for first time since '83

The Associated Press Nov 6, 2009 - 1:24PM

The unemployment rate has hit double digits for the first time since 1983 - and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches.

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Where there’s a will, there’s a gelato

When Carl Lombardo contemplated opening his first gelato shop at 734 E. Broadway Road, Mesa, everyone told him to stay away.

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Blackstone Group posts narrower 3rd-quarter loss

NEW YORK -- Hedge fund and private equity firm The Blackstone Group LP on Friday posted a narrower loss for the third quarter, as its...

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Strike looming for 20,000 grocery workers

In about a week, workers at Fry's and Safeway in Arizona could be walking a picket line instead of stocking shelves and bagging groceries.

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Business

Edward Gately, Tribune

Nov 6, 2009 - 6:53PM

The Arizona Department of Economic Security is warning unemployment insurance recipients of a fraudulent scheme that could allow thieves to obtain their weekly benefits.

Unemployment recipients targeted

Edward Gately, Tribune Nov 6, 2009 - 6:53PM

The Arizona Department of Economic Security is warning unemployment insurance recipients of a fraudulent scheme that could allow thieves to obtain their weekly benefits.

Mesa housing program ready to bear fruit

Garin Groff, Tribune Nov 5, 2009 - 6:30PM

A Mesa plan to help low-income people buy homes seemed almost too easy: Snap up foreclosed homes on the cheap, renovate them and sell houses to those in need.

Real Estate News

The Associated Press

Oct 23, 2009 - 10:03AM

Home resales in September clocked the largest monthly increase in 26 years as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.

Home sales rise in September, beating forecast

The Associated Press Oct 23, 2009 - 10:03AM

Home resales in September clocked the largest monthly increase in 26 years as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.

Foreclosures still driving E.V. home market

Edward Gately, Tribune Oct 13, 2009 - 5:20PM

The Valley’s existing home market was dominated by foreclosure homes last month as two-thirds of transactions involved either new foreclosures or resales of recently foreclosed properties.

East Valley Job News

Ed Taylor, Tribune

Oct 17, 2009 - 1:38PM

The economic recession is altering Arizona’s economy in ways that could become permanent, according to leading economy watchers.

State economy undergoing permanent changes?

State economy undergoing permanent changes?

Ed Taylor, Tribune Oct 17, 2009 - 1:38PM

The economic recession is altering Arizona’s economy in ways that could become permanent, according to leading economy watchers.

Business news from AP

The Associated Press

Nov 7, 2009 - 7:02AM

WASHINGTON (AP) -- President Barack Obama is trying to close the deal in the House on his health care overhaul, facing a make-or-break vote that's certain to be seen as a test of his presidency....

Decision day for health care in the House

The Associated Press Nov 7, 2009 - 7:02AM

WASHINGTON (AP) -- President Barack Obama is trying to close the deal in the House on his health care overhaul, facing a make-or-break vote that's certain to be seen as a test of his presidency....

Britain urges steps to insure financial system

The Associated Press Nov 7, 2009 - 6:13AM

ST. ANDREWS, Scotland (AP) -- Britain called for consideration of a global tax on financial transactions to insure against another crisis and urged world finance officials meeting Saturday in Scotland to agree on bearing the cost of fighting climate change....

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