WASHINGTON The U.S. Department of Transportation (DOT) today fined Philippine Airlines, Santa Barbara Airlines, and ticket agent Pacific for Less for violating the Departments expanded airline passenger protection rules that took effect in January. Philippine Airlines and Pacific for Less…

Catalyst Paper announced today it is closing its paper mill in Snowflake. The decision means more than 300 people are losing their jobs in September. Hundreds more in the community who do business with the mill will also be impacted…

Allegedly Made False Statements to HUD in Connection with Refinancing of Nursing Homes Three individuals have agreed to pay $5.325 million to resolve allegations that they knowingly made false statements in connection with a mortgage refinance scheme. The three individuals…

WASHINGTON, D.C. The U.S. Department of Transportation (DOT) today fined online travel agent Travelocity $180,000 for violating the Departments rule on full-fare advertising by failing to include fuel surcharges and other fees in advertised airfares and ordered it to cease…

PHOENIX For the first time since June, 2009 the State of Arizona has set reserve money aside in a savings account to cushion future General Fund budget shortfalls. $450 million has been deposited in the Budget Stabilization Fund as prescribed…

WASHINGTONBarclays Bank PLC, a financial institution headquartered in London, has entered into an agreement with the Department of Justice to pay a $160 million penalty to resolve violations arising from Barclays submissions for the London InterBank Offered Rate (LIBOR) and…

Kaleida Health launches state-of-the-art cardiac care facility next to Buffalo General WASHINGTON - Kaleida Health held the grand opening of its new Gates Vascular Institute in Buffalo, New York. The new facility's construction was financed by $100.3 million mortgage made…

Joins ASU, Arizona Businesses on Important Trade Mission to Canada PHOENIX The Arizona Commerce Authority is launching the State Trade and Export Promotion (STEP) program with a trade mission to Montreal. Earlier this year, the U.S. Small Business Administration (SBA)…

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $35.3 billion in the third quarter of 2011, an $11.5 billion improvement from the $23.8 billion in net income the industry reported…

DOT Fines Spirit Airlines for Violating Price Advertising Rules The U.S. Department of Transportation (DOT) today fined Spirit Airlines $50,000 for violating federal aviation laws and the Departments rules prohibiting deceptive price advertising in air travel. DOT rules require any…

Buoyed by stabilizing home prices and sustained low interest rates, nationwide housing affordability during the third quarter of 2011 hovered near its highest level in the more than 20 years it has been measured, according to National Association of Home…

Single-family housing starts rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units in October, according to newly released data from the U.S. Commerce Department. This improvement was somewhat masked by an 8.3 percent decline in multifamily starts…