Business and Finance news

Mayo Clinic is getting $43 million from a deceased benefactor, with a portion of those proceeds going toward the development of a new education conference center on Mayo’s Phoenix campus.
The late Juanita Kious Waugh of Brookston, Ind., and her parents were patients of Mayo Clinic for more than 60 years. She died the day before […]

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Thursday’s $100 million settlement between Dell and the Securities and Exchange Commission was a reminder that the government is going after tech’s bad boys — and Intel is likely next on the feds’ list.
According to the SEC’s complaint against Dell, Intel paid the computer maker rebates as part of a deal in which Dell […]

Harris Corp. was selected to provide the ground antenna system for a National Oceanic & Atmospheric Administration (NOAA) program designed to speed up weather data processing.
Under the 10-year, $130 million contract, Harris and its teammates — General Dynamics SATCOM Technologies and ARES — will supply antennas and control systems for NOAA’s Geostationary Operational Environmental Satellite […]

FLORISSANT — After standing vacant for a year and a half, the old Value City site on North Lindbergh Boulevard has new life.
The building at 2394 North Highway 67 — or Lindbergh — was shuttered after Value City Department Stores filed for bankruptcy protection in October 2008 and closed many of its stores […]

Arizona is getting praise for its commitment to training in science, technology, engineering and math as a way of promoting entrepreneurship.

The Campaign for Free Enterprise, a project of the U.S. Chamber of Commerce and the National Chamber Foundation, cited Arizona as having put in place polices that bode well for the future of business development. […]

PlaneSmart! Aviation, which manages high performance aircraft, has opened a new headquarters at Addison Airport.
The company transformed an old maintenance building into an aircraft showroom, allowing it to accommodate more planes.
“Our business has expanded during hard economic times because the market found our service to be needed and desirable” said Michael Brosler, president and CEO. […]

Hawaii Medical Assurance Association on Thursday closed its deal to buy the fully insured health insurance membership of Summerlin Life and Health Insurance Hawaii.
The deal, first announced in February and recently approved by the state Insurance Division, makes HMAA the state’s second-largest preferred-provider health insurer with more than 46,000 members, after the addition of Summerlin’s […]

MIAMI — Toyota shareholders incensed over a sudden drop in the Japanese automaker’s stock price are heading to court with lawsuits claiming company executives deliberately misled investors and the public about the depth of accelerator problems in millions of its vehicles.
At least three proposed class-action lawsuits filed by Toyota investors say the company […]

Sun Hung Kai Properties Ltd. shares jumped after the developer sold 900 homes in Hong Kong for HK$4.2 billion ($540 million) over the weekend, fueling speculation the city’s housing market is overheating.
Shares of the world’s biggest developer by market value added 1.7 percent to HK$101.80 at 10:41 a.m. Hong Kong time after gaining […]