Fri, May 16, 2008
Indian Oasis Baboquivari Unified School District Teachers / Principals Trades/Construction arizona portland cement maintenance electrician Dental Dr. John Carson, DDS, PC Dental Asst/Treatment Coordinator Trades/Construction Paragon Electric Electricians General Chapel Haven West Program Staff Health Care Visiting Angels Caregivers Driver/Transportation Allied Building Products Driver / Rooftop Loader BusinessIndustry News and NotesTucson, Arizona | Published: 08.23.2006
TUCSON
● Tucson-based Raytheon Missile Systems said it successfully tested a new version of the High-speed Anti-Radiation Missile, or HARM, a missile system used to destroy enemy radar installations. The new missile adds navigation technology including satellite guidance. The test took place at China Lake Test Range, Calif., where a missile launched from an F-16 had to select one of two radar sources in an allowed attack area, Raytheon said. Raytheon has produced more than 22,500 HARMs since 1985 for the Air Force, Navy, Marines and seven ally nations.
● A Gilbert-based marketing software company founded by two University of Arizona graduates has won $2.2 million in private venture and angel funding. Investors in CopperKey Inc. include the Tucson-based investment firm HOTventures LLC, members of the Tucson-based Desert Angels, Wasatch Venture Fund and Zone Ventures. Founded in 1997 by UA alumni David Castillo and Don Kridel, CopperKey makes "predictive marketing software" that helps businesses search customer or prospect databases for attributes that help target marketing.
● Mohave County supervisors voted to fund a portion of a $500,000 grant to Ford Motor Co. that is intended to persuade the automaker not to close its Arizona Proving Grounds facility in Yucca. Mohave County would provide $150,000, the state Department of Commerce $250,000, and Lake Havasu City and Kingman would provide the remaining $100,000. Ford wants to consolidate two testing facilities into one and will close either the Yucca Proving Grounds — about 25 miles northeast of Lake Havasu City — or one in Michigan.
● A group looking to acquire Tempe-based Inter-Tel Inc. lifted its offer for the communications systems and software company Monday, saying it will pay $23.25 per share in cash, or about $615 million. The group, INTL Acquisition Corp., includes Steven Mihaylo, Inter-Tel's founder, former chairman and chief executive and largest shareholder, and Vector Capital Corp.
● On Tuesday, two Federal Reserve presidents spoke of the possible need for more interest-rate hikes, spooking financial markets that had figured the central bank's interest-raising campaign was over. Michael Moskow, president of the Federal Reserve Bank of Chicago, said U.S. monetary policy-makers may have to raise interest rates to bring inflation back into a comfort zone. Moskow's counterpart in Atlanta, Jack Guynn, said that despite impressions to the contrary, there has been no reduction in the Fed's commitment to keep price pressures contained.
On StarNet: Need help balancing your budget? Download this handy worksheet: http://go. azstarnet.com/householdbudget
● Compiled from staff and wire reports. ● Send notices for Tucson Industry News & Notes to Business, Arizona Daily Star, P.O. Box 26807, Tucson, AZ 85726; by fax to 573-4144; or by e-mail to business@azstarnet.com.
|
0 Comments on this story
