Phoenix Coyotes pitch multi-game ticket deals

The Phoenix Coyotes hockey team will begin selling 20- and 11-game packages to existing ticket holders Wednesday and to the general public on Friday.
Prices for 20-game plans range from $19 per ticket in the upper level to $260 a game near the ice at Jobing.com Arena in Glendale. Prices for 11-game plans range from $23 […]

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AmEx profits soar, but shares fall

American Express reported a huge jump in quarterly profits Thursday that beat Wall Street estimates, but wary investors drove the stock lower in after-hours trading.
AmEx (AXP, Fortune 500) shares were down 2% in after-hours trading. The financial services company said its net income for the second quarter rose to $1.02 billion, from $337 million […]

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China: Not for the faint of heart

If you’re looking to get in on the China growth train, be prepared to stomach the near-term risk.
The Shanghai Composite is down 22% year-to-date with much of the selloff attributed to worries about China’s economy overheating.
However, last week’s news that China’s economy is still growing super-fast — but just a pinch more slowly […]

3M acquires U.K.-based Dailys, maker of protective clothing

3M Co. said Tuesday that it’s acquired Dailys, a British maker of disposable protective clothing used in the workplace.
Dailys, which employs 26 people at its location in Ellesmere Port, England, primarily makes chemical protective coveralls for industrial use.
Financial terms of the deal were not disclosed.
“This acquisition supports our strategic direction by broadening our protective apparel […]

Pending home sales ‘fell off a cliff’

The experts expected home sales to drop once the homebuyer tax credit lapsed at the end of April, but the depth of the decrease was shocking.
According to the National Association of Realtors (NAR), pending home sales fell a whopping 30% in May. Their index, which measures signed sales contracts but not closed sales, plunged […]

Stocks slump on economic woes

Stocks slumped Thursday, with the Dow losing 145 points, as investors mulled mixed reports on the economy and a sell-off in bank shares as Wall Street reform talk move toward a close.
Dow Jones industrial average (INDU) lost around 145 points, or 1.4%. The S&P 500 (SPX) lost 18 points or 1.7% and the Nasdaq […]

Anadarko blasts BP for ‘reckless actions’

Anadarko Petroleum, a minority partner in the ruptured well in the Gulf of Mexico, blamed BP for "reckless" behavior, seeking to distance itself from the worst oil spill in US history.
"The mounting evidence clearly demonstrates that this tragedy was preventable and the direct result of BP’s reckless decisions and actions," Anadarko chief executive […]

Oil tumbles on disappointing jobs data

Oil prices dropped Friday after a government report said almost all of the jobs added last month were temporary Census workers, and the euro fell to a 4-year low.
What prices are doing: Crude oil for July delivery fell $3.10, or more than 4%, to settle at $71.51 a barrel.
Oil prices rose more than 2% […]

Gas prices take slight downturn

The summer vacation season has started, and Southern California drivers have been greeted with lower gasoline prices to start the season.
According to the Automobile Club of Southern California’s Weekend Gas Watch, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.006 per gallon, which is 2.4 cents less than last […]

Rocky trims 1Q loss on sales gain

Stronger sales and tighter expense controls helped footwear maker Rocky Brands Inc. halve its loss in the first quarter, the company told investors late Thursday.
The Nelsonville-based boot maker said it lost $560,744, or 10 cents a share, for the first three months of the year, compared with a loss of $1.1 million, or 20 cents […]