News published on Business Daily in November 2016

News from November 2016


The Arizona Corporation Commission revoked the registration of a Phoenix securities salesman for unethical conduct and sanctioned a Scottsdale man for selling unregistered securities involving real estate transactions while not registered to do so.

Arizona Technology Council President and CEO Steven Zylstra was named the Arizona Society of Association Executives' (AzSAE) Executive of the Year this week. 

Pressure, both financial and legal, is growing on an Arizona-based drug company that relied on the sales of a powerful opioid to drive its revenue.

Freeport-McMoRan Inc. (FCX), headquarterd in Phoenix, recently said it completed the indirect sale of its 70 percent interest in TF Holdings Limited (TFHL) to China Molybdenum Co. Ltd. for $2.65 billion in cash.

Phoenix-based mining company Freeport-McMoRan Inc. (FCX) said last week it has completed its at-the-market offering of common stock that was announced on July 27, raising $1.5 billion in gross proceeds during the sale of 116.5 million shares of FCX common stock.

Salt River Project’s board and council recently approved the refunding sale of more than $761 million of 2016 Series A public power revenue bonds, which will ultimately save customers more than $151 million over the next 21 years.

Shop and give locally this holiday season to help employ neighbors and keep city services strong, according to a Tempe announcement.

The Gallery at Tempe Center for the Arts, sponsored by Northern Trust, is holding a biomimicry challenge that will give an artist studio space for 10 weeks during the challenge.

Gov. Doug Ducey and nine tribal leaders met to affirm amendments to the Indian gaming compact and solidify a promise made 15 years ago.

Rawhide Western Town and Event Center has officially opened for its fourth annual Rawhide Snowy Christmas event.

The city of Tempe said cooking a turkey can create a significant amount of grease, whether the bird is roasted or deep-fried.Instead of pouring the turkey grease down the drain or into the garbage, the city suggests recycling it or other cooking oil by dropping it off at four convenient locations through Jan. 4.

Glendale's Credit Union West and Desert Medical Federal Credit Union, based in Scottsdale, have agreed to merge operations following recent approval from the Desert Medical Federal Credit Union membership and board of directors.

The Greater Flagstaff Chamber of Commerce said last week it has named Drake Louks, CEO of Arizona Tech Advisors, to its newly created Young Professionals seat and its board of directors.

Arizona Public Service (APS) joined other utilities last week for the first ever Utilities United Against Scams Day to warn customers about the continued threat of consumer scams.

A coalition of Arizona business leaders visited Washington, D.C. after the presidential election to meet with U.S. Chamber of Commerce leaders to learn more about what to expect under a Donald Trump presidency.

Whitney Chapa has joined the Arizona Chamber of Commerce and Industry team as its vice president of education policy and budget.

Take Charge America, a nonprofit credit counseling and debt management agency based in Phoenix, has been awarded a $4,000 grant from Cox Charities to help the agency’s work with at-risk youth.

Zensights said this week that Will Passano will become the new president of the Scottsdale-based pharmaceutical vendor management company.

Arizona Public Service Co. (APS) said its employees wrapped up a refueling and maintenance outage at the Palo Verde Nuclear Generating Station in less than a month.

Chris Loeffler, the co-founder and CEO of Scottsdale-based wealth-development company Caliber, has been named among Lodging Magazine’s Top 50 Hotel Innovators.