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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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 […]

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Biogen Idec moves forward with trials

Biogen Idec has successfully completed phase 1 and 2a safety trials of its new hemophilia B treatment rFIXFc and has begun phase 3 trials.
The Weston, Mass.-based company (NASDAQ: BIIB) has developed the new drug with Swedish company Orphan Biovitrum AB (STO: SOBI).
The treatment has the potential to improve the lives of hemophilia patients by […]

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 […]

Clearwire, Sprint, others launch 4G service WiMAX in Kansas City

The latest generation of wireless Internet service finally is arriving in Kansas City on a broad scale.
Clearwire Corp. (Nasdaq: CLWR), along with partners Sprint Nextel Corp. (NYSE: S), Time Warner Cable (NYSE: TWC) and Comcast Corp. (Nasdaq: CMCSA, CMCSK), on Tuesday began selling the service, which uses WiMAX technology and boasts wireless download speeds comparable […]

Sinclair dinosaurs no longer walk the earth in St. Louis

Area dinosaur hunters are out of luck after the last of St. Louis’ green apatosauruses headed west this month.
The men looking for the creatures — and men, they invariably seem to be — aren’t paleontologists. They’re collectors of gas station memorabilia searching for their Holy Grail — fiberglass statues of the Sinclair Oil […]

Jobless claims match 19-month low

The number of Americans filing for unemployment insurance for the first time fell last week, matching the lowest level since August 2008, according to government data released Thursday.
There were 439,000 initial jobless claims filed in the week ended March 27, down 6,000 from an upwardly revised 445,000 the previous week, according to the Labor […]

Social Security choice: Benefit cuts or tax increases

Social Security provides a majority of the income for about two-thirds of Americans over age 65, but if you’re in your mid-50s or younger, it might be time to make alternative arrangements.
Experts don’t expect Social Security to disappear in the coming decades. But they’re concerned about the benefits that will be available for […]

Kansas City charter school Renaissance Academy settles discrimination claims

Imagine Schools Inc., which operates charter schools in the Kansas City area, has to pay $570,000 to settle claims of discrimination by two pregnant employees.
Virginia-based Imagine Schools was accused by the U.S. Equal Employment Opportunity Commission of not retaining two pregnant employees after it closed its charter middle school and opened a private middle and […]

Multimedia Games considers selling company

Austin-based casino games dealer Multimedia Games Inc. (Nasdaq: MGAM) is considering selling the company, officials said in an interim CEO announcement today.
The company said it hired Deutsche Bank Securities as its exclusive financial advisor in a strategic alternatives planning effort "including, but not limited to, the sale of the company."
At the same time, Multimeda lost […]