wall street Archives

How can marijuana initiatives affect CRE?


One of the most talked about ballot initiatives this year has been the Arizona Marijuana Legislation Initiative. If it makes it onto the ballot and is approved by voters, the possession and consumption of marijuana would be legal for people 21 years old and older. A 15-percent tax would be levied on the sale of marijuana… Read More →

Small businesses get loans in record numbers

Prepare loan package, secure loan

A common complaint since the financial crisis began was that some of the Wall Street banks that were being bailed out by the federal government weren’t doing enough to help the mom-and-pop shops on Main Street. “In 2008 when the recession hit, the impact on small business lending was pretty catastrophic,” said Greg Lehmann, managing… Read More →

Apollo quarterly profit beats predictions


For-profit education company Apollo Group Inc. said Monday its fiscal second-quarter net income tumbled 79 percent, hurt by a drop in enrollment, but the results beat Wall Street predictions and Apollo shares jumped 7 percent in premarket trading. For the quarter ended Feb. 28, the University of Phoenix parent company earned $13.5 million, or 12… Read More →

US Airways profits may exceed expectations

US Airways Heritage

UUS Airways Group Inc. said on Wednesday that its flying capacity for the year will rise 2 percent, and an investor update suggested that its third-quarter profit will be bigger than Wall Street had been expecting. US Airways has added flying capacity as it replaces old Boeing 737s with slightly larger Airbus A321s. It also… Read More →

To Create Phoenix Jobs, Resuscitate IPOs

by in Columnist Spotlight | Finance

Job creation in Phoenix is a critical issue that threatens our hope for a sustained economic recovery. While we have heard many suggestions for creating Phoenix jobs, we have yet to hear of the positive role that resuscitating the initial public offering (IPO) market can play on job creation. By taking a look back at… Read More →

Enron: 10 Years Later

by in Columnist Spotlight | Finance

Enron. Similar to “Black Tuesday,” “Watergate” or “9/11,” the term has encapsulated a series of events into a single word or phrase. It is arguably the most well-known, and most scrutinized, financial collapse in U.S. history. This is evidenced by the multitude of books and movies that have rehashed and referenced the collapse. December 2,… Read More →