Money

Arizona business leader hopeful as U.S., Mexico agree on NAFTA update

WASHINGTON - Few details were released, but one Arizona business leader said the mere fact that the U.S. and Mexico unveiled a trade agreement Monday should "calm concerns" over the future of NAFTA after President Donald Trump and Mexican President Enrique Peña Nieto announced a tentative deal.

Tribal energy loan program starts, more than a decade after its OK

WASHINGTON - More than 10 years after it was first approved, a federal loan program for tribal energy development projects will finally accept its first applications next month under ther Department of Energy's $2 billion Tribal Energy Loan Guarantee Program.

After 11 years, legal, bureaucratic battles over Rosemont Mine continue

WASHINGTON - A proposal for a massive open-pit copper mine in the Santa Rita Mountains will be back in court this month, the latest twist in an 11-year battle over the Rosemont Mine that pits supporters who cite its economic benefits against opponents who it's "the absolute worst place" for a mine.

Arizona GDP grew 2.5 percent in first quarter, ahead of national rate

WASHINGTON - Arizona's gross domestic product grew by 2.5 percent in the first quarter of 2018, driven by increases in real estate and retail trade, according to a report from the Bureau of Economic Analysis, which said the national GDP grew 2.2 percent in the same period.

Court: Former Arizona broadcaster owes millions in taxes on sale

WASHINGTON - A federal appeals court ruled that the former owners of an Arizona broadcasting company owe $15 million in taxes on the 2001 sale of their business, saying part of the sale had "no legitimate economic purpose ... other than to avoid paying the taxes."

Cactus League economic impact makes double-figure jump

SCOTTSDALE -- Equipped with an IPad or IPhone, Saager Buch made his way to groups sitting on the lawns of Cactus League ballparks. Disinterested in the games at hand, the junior research economist at the L. William Seidman Research Institute at Arizona State’s W. P. Carey School of Business approached the masses with a survey.

Mesa firm gets front-row seat at White House ‘Made in America’ showcase

WASHINGTON - Andrew Medway wasn't sure how his Mesa business, Lanternland Lighting, was picked to represent Arizona at the White House's "Made in America Showcase," but he was still excited to be there Monday among companies that made everything from spacecraft to MoonPies.