Money

Vemma stops operations after FTC calls it a pyramid scheme, student ‘affiliates’ lose money

When Chris Benson signed up to sell Vemma juice drinks, he said something didn’t feel right.


New deals app aimed at millenials launches in Tempe, aims to help build small businesses

TEMPE – Gil Schmitt said he has long struggled to get a steady flow of Arizona State University students into his ice cream and sweet shop on Mill Avenue.

Gringo Star photo

Ripples in Chinese economy could make waves for Arizona businesses

WASHINGTON - What happens in China, doesn't necessarily stay in China.


Paying a price for going nowhere: Traffic hits Arizona commuters’ wallets

WASHINGTON - Traffic delays in Tucson and Phoenix last year cost the average commuter more than $1,000 in extra fuel and lost time, among other costs, according to a new report on rush-hour congestion on the nation's highways.


Financial advisers, economists urge calm in face of market volatility

WASHINGTON - The stock market has been buffeted by historic drops over the last week, but economists and financial advisers in Arizona were telling investors Tuesday that it's still "too early to be concerned."


Report: Arizona beer has an economic kick, too, in terms of jobs, taxes

WASHINGTON - When Rob Fullmer, the executive director of the Arizona Craft Brewers Guild, says "everything is improved by the presence of a brewery," he's talking about the economic buzz it brings and not the alcoholic kind.


Arizona workers may be coming up short on their retirement savings

WASHINGTON - Less than 40 percent of private-sector workers in Arizona participate in a retirement plan through their work, and they have an average retirement savings balance of just $23,826, according to a recent report.


Despite three championships, Mercury still fight for attention

The last eight years have been remarkable for the Phoenix Mercury.

Phoenix Mercury photo

Report: About 40 percent of workers in state, U.S. have no paid sick leave

WASHINGTON - Close to half of Arizona's private-sector workers, more than 934,000 people, do not have access to paid sick leave, according to a report Wednesday by a group pushing for such laws.


Officials: Slip among state-funded pension ranks no cause for concern

WASHINGTON - Funding for Arizona's state-run pension funds fell by more than 20 percent from 2003 to 2013, but the almost 600,000 state workers covered have no reason to worry about their retirement, officials said.


McSally raises $1.6 million so far in 2015, among most in the House

Editors note: The headline on a previous version of this story cited the wrong year. Rep. Martha McSally, R-Tucson, raised $1.69 million in the first half of 2015, according to Federal Election Commission filings, as the story correctly reported. The headline above has been corrected. Clients who ran the story with the previous headline are asked to run the correction found here.


Dodging an Army bullet: State gets only a fraction of service’s 40,000 job cuts

WASHINGTON - Arizona may have averted disaster in the Army's plan to trim 40,000 jobs, but the announcement that Fort Huachuca will lose 114 positions over the next two years still is "not welcomed news," officials said this week.