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November 22, 2008 | Business

New BlackBerry model snapped up in Valley

The Verizon Wireless Evolution Communications Store at the Scottsdale Promenade opened at 7 a.m. with about 50 customers waiting in line to get their hands on the latest BlackBerry smartphone - the first with a touch screen.
Review

Real-estate investment firm fights to stay afloat

Last week, Phoenix-based real-estate investment firm Right Place Properties spent investors' money to purchase multifamily housing units, promising a healthy return on their cash.

Valley home builder values frugality

Custom homebuilder Jon Wall has remained in business through lean economic times by staying even leaner.

Wal-Mart names head of international division as new CEO

Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division.

Ventana Medical Systems buys lab

A small Oro Valley biotechnology company sold its research lab to nearby Ventana Medical Systems for $6.5 million.

Allegiant finds niche as a low-cost carrier

As a trucking company owner, Dave Taylor can appreciate business success stories in the fuel-dependent industry.

City staff creates marketing book

When Chandler decided to produce an updated booklet to market itself, the city looked no further than its own staff to do the job.

Office space at airport filled

With Glendale Municipal Airport's recent lease of space to Arizona Aviation, the terminal is fully rented and, for the first time, all its businesses are entirely flight-related.

Dealer to close on Scottsdale's Motor Mile

Scottsdale's Motor Mile will lose two high-end brands next week, victims of the tough times in the auto industry.

Vacant Kmart concerns Phoenix area

The demise of the Kmart at 32nd Street and Cactus Road means another northeast Phoenix retailer is about to bow out, another ''big box'' store about to vacate.

Boeing warns of possible layoffs in '09

Boeing Co. may lay off some workers next year as part of an effort to cut costs in response to difficult market conditions and a slowing global economy, a company executive said.

Stocks soar on Geithner report

Wall Street staged a surprising comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points in a late afternoon rally, ending another volatile week that saw stocks reach six-year lows.