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website azcentral.com | business
azcentral.com Business contains business, stock market and financial information about the Phoenix metro area, Arizona and the rest of the world.
Facebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading.

feed text As Memorial Day nears, gas prices ease
Thu, 24 May 2012 23:29:51 MST
Gas prices are high and still hammering metro Phoenix drivers, but there is good news: Prices at the pump have started to trickle lower as the busy summer driving season approaches.
Arizona consumers and businesses can expect to collect more than $36 million in refunds this summer from health-insurance companies under new provisions of the nation's health-care law, according to two reports.
A national accounting organization's four-day convention at the Phoenix Convention Center in mid-June will draw more than 1,500 people to downtown Phoenix and will include an opportunity for job seekers to meet with major employers.
Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month.
text EU running out of time on Greece
Thu, 24 May 2012 18:13:26 MST
European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that.
Former Boston Red Sox pitcher Curt Schilling's faltering video game company, which received a $75 million loan guarantee to move to Rhode Island in 2010, laid off its entire staff on Thursday.
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
The world's first private supply ship flew tantalizingly close to the International Space Station on Thursday, acing a critical test in advance of docking.
The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.
text Families cannot sue over loan discount fee
Thu, 24 May 2012 07:43:59 MST
Supreme Court rules for Quicken Loans
text Stocks open mixed
Thu, 24 May 2012 07:02:21 MST
The Dow Jones industrial average was down 11 points at 12,484 shortly after the opening bell.
text Durable goods orders up 0.2%
Thu, 24 May 2012 06:38:17 MST
Demand for computers and electronics products and heavy machinery fell.
text Jobless aid request dip by 2,000
Thu, 24 May 2012 06:25:14 MST
The number of people seeking unemployment benefits changed little last week, signaling modest job growth.
text Municipal league is upset over 'Intel bill'
Wed, 23 May 2012 18:36:46 MST
Governor signs a controversial bill that would help Chandler land another Intel plant, but it sets a precedent in that it would take some sales tax money away from other cities, angering the 91-member League of Arizona Cities and Towns.
Hewlett-Packard Co. is cutting 27,000 jobs in an effort to recover from management missteps that hobbled the Silicon Valley pioneer as its rivals raced ahead with more innovative products and services.
A big final-hour comeback pulled the Dow Jones industrial average nearly back to where it started Wednesday.
text Kraft shareholders give 'Mondelez' thumbs up
Wed, 23 May 2012 17:26:31 MST
text Salon owners in Scottsdale make the cut
Wed, 23 May 2012 16:51:07 MST
When Ireland native Robert Quinn arrived in the United States in 1984, he and his future wife, Margaret, had $280 to their names.
text Ideas for small businesses on Twitter
Thu, 24 May 2012 07:21:00 MST
Growing numbers of small and local businesses are discovering that a tweet can be a powerful tool for making your presence known among customers, prospects, your area and your industry. In particular, Twitter is great for helping amplify your marketing messages and grow your business.
Investor anger mounted Wednesday over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed the deal and complicated by technical problems at the Nasdaq stock exchange.
text Poor health tied to a long commute
Wed, 23 May 2012 10:54:09 MST
New evidence shows that a long commute by car not only takes hours out of your day, but could take years off your life.
Fallout from Facebook's initial public offering intensifies, and more questions arise about whether the social-networking giant's IPO was handled properly.
text Strike begins at Canadian Pacific railway
Wed, 23 May 2012 07:38:09 MST
It has suspended freight service across the country.
text New home sales rose 3.3% in April
Wed, 23 May 2012 07:13:18 MST
A pickup in hiring and cheaper mortgages, combined with lower home prices in most markets, has made home buying more attractive.
The Dow Jones industrial average is down 82 points to 12,420.
text Dow follows Europe and Asia lower
Wed, 23 May 2012 06:32:21 MST
Dow Jones industrial average futures slid 71 points to 12,406.
text Morgan Stanley probed in Facebook IPO
Wed, 23 May 2012 06:22:05 MST
The bank said late Tuesday that it "followed the same procedures for the Facebook offering that it follows for all IPOs," referring to initial public offerings of stock. It said that its procedures complied with regulations.
text Brewer announces trip to Europe
Tue, 22 May 2012 18:45:00 MST
Republican Gov. Jan Brewer announced Tuesday that she would lead a European trade delegation and would fly out of the United States on Tuesday and be out of the country for two weeks.
text Poll: Free pizza if you order in Spanish
Wed, 23 May 2012 12:09:12 MST
A US Airways jet traveling from Paris to North Carolina was diverted to Maine on Tuesday after a French passenger handed a note to a flight attendant mentioning that she had a surgically implanted device, raising fears of a terror scenario that security officials had warned about.
text Europe's leaders to tackle growth at summit
Tue, 22 May 2012 18:40:39 MST
The leaders of the 27 countries that make up the European Union are to meet in Brussels, Belgium, today to try to find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth.
text Why Facebook still doesn't look cheap
Tue, 22 May 2012 17:02:12 MST
If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.

Thousands march for peace in Mexico
text Thousands march for peace in Mexico TENS of thousands of people have marched in Mexico's second most populous city, angry at the inability of authorities to end a crime wave. (heraldsun world)
Fake Android apps scam cost users £28,000
text Fake Android apps scam cost users £28,000 Malicious Android apps posed as Angry Birds and Cut the Rope in a scam that used premium rate text messages to defraud customers of £27,850. (telegraph technology)
First creature to walk on land 'dragged itself along' - like it was on crutches
text First creature to walk on land 'dragged itself along' - like it was on crutches The creature lived in floodplains on what is now Greenland during a period known geologically as the Devonian period - about 360 to 410 million years ago. (dailymail sciencetech)