August 30th, 2010
Mexicana Airlines, which declared bankruptcy earlier this month, announced Friday it will cease all operations by midday Saturday.
That includes one daily flight between Mineta San Jose International Airport and Guadalajara, Mexico's second-largest city, located in the state of Jalisco.
The airline had stopped four weekly flights between San Jose and the city of Morelia, in the […]
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July 15th, 2010
Silicon Valley's July earnings season is expected to kick off after market close Tuesday with a big quarter from chipmaking giant Intel Corp.
The Santa Clara-based company (NASDAQ:INTC) is projected by analysts to post a 43-cent-a-share profit on a 27.7 percent growth in revenue to $10.25 billion from a year ago, according to Thomson Reuters.
Analysts will […]
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July 4th, 2010
Three Arizona entities secured $15.7 million in stimulus funding to expand the reach of broadband Internet services into rural communities.
The money was from about $795 million in grants announced today through programs at the U.S. Department of Commerce and Department of Agriculture.
The Arizona Office of Economic Recovery was given a $1.6 million grant to be […]
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April 3rd, 2010
Mesa city leaders and state lawmakers backing a new Cactus League stadium for the Chicago Cubs hope they don't have to wait until next year to put a financing plan into place for construction. But they acknowledge they are running out of innings to get deal done before the legislative session ends in a few […]
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January 17th, 2010
Intel Corp. said Thursday that its fourth-quarter profit blew past expectations, confirming a rebound in the recession-battered personal computer market is underway.
Intel’s bright profit outlook for 2010 means the No. 1 maker of computer microprocessors sees a lasting recovery past the stellar fourth quarter — not an isolated holiday shopping blip.
[…]
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November 23rd, 2009
Brocade Communications Systems Inc. has scheduled its earnings announcement three hours after the market closes Monday, long after Hewlett-Packard Co. posts its quarterly results.
The San Jose-based networking equipment company (NASDAQ:BRCD) is expected by analysts to report a drop in fourth quarter earnings per share to 13 cents, excluding items, compared to 20 cents a share […]
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October 29th, 2009
Mortgage applications in the U.S. fell to a two-month low, hurt by declines in purchases that may reflect concern over the expiration of government tax credits.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan decreased 12 percent to 562.3 in the week ended Oct. 23, the third […]
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October 16th, 2009
The Bank of England should expand its 175 billion-pound ($284 billion) bond-buying plan “as far as it takes” to fight off the threat of deflation, former Treasury adviser Roger Bootle said.
“They will have to go a lot further,” Bootle said in an interview. “In the first instance, they should be prepared to go […]
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October 12th, 2009
South Korea’s central bank kept its benchmark interest rate unchanged at a record low and signaled it may keep borrowing costs on hold as home loans slow and it gauges the strength of the economic recovery.
Governor Lee Seong Tae left the seven-day repurchase rate at 2 percent in Seoul today and said the […]
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October 10th, 2009
The rebound in U.S. consumer spending, driven by government stimulus, will wane as the unemployment rate surpasses 10 percent, a survey of economists showed.
Household purchases will grow at a 1 percent annual rate this quarter after rising at a 2.4 percent pace in the previous three months, according to the median forecast of […]
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