Schweikert leading big in GOP race for 5th District

David Schweikert is set to take the Republican primary in the 5th Congressional District.
As of 9:30 p.m. Tuesday night, he is well ahead of Susan Bitter Smith and Jim Ward in a U.S. House District that includes Scottsdale, Tempe and Fountain Hills.
Schweikert will take on U personal loans for bad credit.S. Rep. Harry Mitchell, D-Tempe, […]

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U.S. backs expanding broadband

The Obama administration is backing a plan to nearly double the space available on the airwaves for wireless high-speed Internet traffic to keep up with ever-growing demand for video and other cutting-edge applications on laptops and mobile devices.
President Barack Obama on Monday committed the federal government to freeing up an additional 500 megahertz […]

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AHC secures $16M for affordable housing

AHC Inc. has secured $16 million in financing from SunTrust Bank for pre-development and construction of more affordable housing projects in the region, and the group is on the prowl for new sites.
With the largest bank agreement it has secured to date, AHC hopes to use the funds to act more quickly when it identifies […]

Retailers poised for victory in debit card fee fight

Retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees issuers levy every time a buyer pays with a debit card.
Called "interchange" fees, the charges typically consume 1% to 3% of every […]

Twitter grows up: Take a peek inside

What a week for Twitter.
The mircroblogging firm made nearly a dozen announcements this week, marking a huge shift in Twitter’s business strategy, starting with the fact that it now actually has a business strategy.
At its developer conference, codenamed Chirp, the company unveiled promoted tweets, new official mobile apps, an enhanced geo-tagging feature, a […]

American Railcar Q4 profit rises 39%

American Railcar Industries saw its fourth-quarter profit rise 39 percent but booked less than half the revenue it saw in the prior year’s quarter as railcar shipments fell.
For the quarter ended Dec. 31, the company reported net earnings of $10.5 million, up from nearly $7.8 million in the fourth quarter of 2008. American Railcar said […]

Indonesia Inflation Rate Holds Near Highest Since May

Indonesia’s inflation held near the fastest pace since May 2009 amid rising commodity and food prices, putting pressure on the central bank to raise interest rates this year.
The consumer price index rose 3.81 percent in February from a year earlier, the central statistics agency said in Jakarta today. That compares with the 3.97 […]

WordPress.com crashes, downs major blogs

WordPress.com, the fast growing hosting service for millions of blogs, including TechCrunch and GigaOm, crashed briefly Thursday afternoon.
"WordPress.com will be back in a minute!" is the message that appeared shortly before 3 p.m. on some portion of the websites using the San Francisco blogging platform, which serves millions of blogs with a combined 72.2 million […]

California cities losing millions in sales tax receipts

Cities and counties in California are losing millions of dollars in sales tax receipts due to slower retail sales, compared with last year.
In the most recent data available from the state Board of Equalization, jurisdictions around the state got $244 million in October, 14.5 percent less than they got in October 2008 as their share […]

Key sponsors stand by Tiger

He is Tiger Inc. Hear him roar.
Multi-million dollar contracts. An estimated $100 million (U.S.) in endorsements per year. More than $92 million from PGA career tournament winings. Ballooning PGA ticket sales and TV viewership levels.
Tiger Woods was, until now at least, a thoroughly unpolarizing sponge for corporate money who, according to Forbes magazine, […]