Article Archives - PhoenixCEOCFO.com
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2009 Jan | Feb | Mar | Apr | May | Jun | Jul |
| July |
A Message from the President: July 2009Our next Luncheon is July 27th with the CEO of AmazingMail. Are you registered?
July Meeting InformationTopic: Beyond "Spray-and-Pray" Marketing: Driving New Revenue with Automated, Customer Profiling and Direct Marketing Platforms CEO-CFO Golf Scramble - September 16th, 2009Our CEO-CFO Golf Scramble is set for September 16th for a morning of great event to raise $$ for Gabriels Angels once again. We want to thank for your support. Details ... Read the Full Article. August Meeting InformationTopic: The Promise of Market-Driven Higher Education: Taking an Entrepreneurial Venture Public RSM McGladrey 2009 Manufacturing and Wholesale Distribution Survey finds companies optimistic about economic recoveryCompanies are focusing on revenue growth to survive recession; those with international manufacturing activity fare better than domestic-only manufacturers.
Arizonas Unemployment Rate Hit 8.2%, Expected to Go HigherArizona's unemployment rate rose to 8.2% in May 2009 as reported by the Arizona Department of Commerce. The state's rate remained lower than the national rate of 9.4% in May. The Arizona Republic ... Read the Full Article. Does a Party to a Contract Have a Right to Cure the Breach of Contract Before the Other Party Terminates the Contract? By Mike King, Esq.Generally, the specific terms of a contract will govern rights to cure breaches prior to termination, but in certain circumstances the law will imply a short grace period to allow ... Read the Full Article. Kahala Corp COO is new CEO at Tempe-Based Toy CompanyLee Knowlton, 47, was appointed the new CEO of Tempe-based toy company, Pump It Up, LLC on June 20, 2009. The company is the leading multi-brand franchise for indoor inflatable playground equipment. Pump ... Read the Full Article. Phoenix-Based Opus West Corporation to File for Chapter 11 BankruptcyPhoenix-based Opus West Corp. will file for Chapter 11 bankruptcy protection in July 2009, according to its parent company, Opus Corporation of Minneapolis, one of the largest developers in the country. Opus ... Read the Full Article. Hotels in Phoenix Area Suffer from DownturnHotel occupancy in the Phoenix area was down below 50% in May 2009 according to Smith Travel Research. The valley-wide room occupancy fell to 49.5% from 58.6% in May 2009, a 15.5% decline. The average decline ... Read the Full Article. Phoenix Area has 45,000 House in "Pending" ForeclosuresPhoenix Area has 45,000 House in "Pending" Foreclosures
The Phoenix City Council Approves $260 Million Sky Train ContractThe Phoenix City Council has awarded Bombardier a $260 million contract to help build Sky Harbor International Airport's driverless train system. Bombardier will design and build 18 train cars, operating the train-operating ... Read the Full Article. Tesla Motors Receives $465 Million to Make Electric CarsTesla Motors received $465 million from the U.S. Department of Energy on June 23, 2009 as part of $8 billion in loans to develop fuel-efficient vehicles in the United States. Ford will receive $5.9 ... Read the Full Article. FDA Tells Scottsdale-Based Maker of Zicam Cold Products to StopScottsdale-based Matrixx, Inc., the maker of the popular Zicam cold suppressant products, received a notice from the FDA that the company is in violation of a number federal drug laws, ... Read the Full Article. Scottsdale-Based Zila to Be AcquiredZila, a publicly traded manufacturer of medical devices used to detect and treat oral cancer and periodontal disease, is being sold to a privately held company in Colorado for $4 million ... Read the Full Article. |
| May / June |
June Meeting Information- Mark your calendarTopic: "Collecting Business Receivables in These Trying Times"
June 26th - Homerun Networking EventWe have our 2nd Annual Homerun Networking Event on June 26th. This event is co-hosted with ACG-Arizona and AZIGG ... Read the Full Article. A Message from the President: June 2009The Phoenix CEO-CFO Group has some great events planned for June. Are they on your calendar? ... Read the Full Article. Opportunity for CEO-CFO Members to Raise Their ProfileThe Phoenix CEO-CFO Group is partnering with the Arizona Business Magazine and Jobing.com to present a new, multimedia series called "View From the Corner Office". The series will have ... Read the Full Article. CEO-CFO Golf Scramble AnnouncedThe 2009 CEO-CFO Golf Scramble has been planned for Wednesday, September 16th. We are now accepting Single Player and Team Registrations, Donations and Sponsorships ... Read the Full Article. Defense Cuts Could Hurt ArizonaPresident Obama is looking to terminate or postpone production of certain military technology to help trim $17 billion from the federal budget for fiscal 2010. President Obama has proposed cuts to missile-defense, ... Read the Full Article. DMB Changes Strategy and RestructuresThe privately-held DMB Associates is a bell weather company in real estate. It is Arizona's largest commercial and residential real estate developer. According to the Arizona Republic, the company ... Read the Full Article. Taxes To Increase on Multinational CompaniesCorporate tax experts say that President Obama's foreign tax proposal made in May 2009 would raise taxes on every multinational company. The proposed rules would put restrictions on the practice of ... Read the Full Article. Why Doesn't The Government Pay Me for the Extra Work Authorized by Its Employees on the Public Construction Project?By Mike King, Esq.
ICE is Targeting Employers"ICE" is short for the Department of Immigration, Customs and Enforcement. It is taking a much tougher position with employers since President Obama took office. During fiscal year 2008, ICE made ... Read the Full Article. A Break on IFRS?International Financial Reporting Standards (IFRS) might be delayed by the Obama administration and by the economic downturn. The SEC has extended the public comment period for the IFRS proposal to ... Read the Full Article. The Case for Investing in GoldMaybe, it's time to invest in gold. Inflation is coming and gold is one of the best hedges for inflation. There are two types of inflation. The first one is ... Read the Full Article. MD Anderson Top Cancer Center to Open in Phoenix AreaMD Anderson is partnering with Banner Health to open a $90 million cancer center in Gilbert. MD Anderson is rated as the nation's top cancer hospital by U.S. News & World ... Read the Full Article. Does Arizona's Prompt Pay Act for Construction Projects Make Any Difference?Yes, owners, construction managers and architects need to be careful to assure compliance with the requirements of the prompt pay act to avoid problems and lawsuits on construction projects ... Read the Full Article. Solar Firm Expands in MesaCalifornia-based SolFocus has expanded its solar mirror manufacturing plant in Mesa and plans to add 50 jobs by the end of 2009. The company makes convex mirrors at the plant which are ... Read the Full Article. New Breast Cancer Center to Work with TGenJohn C. Lincoln Health Network has opened a breast-health and research center near its Deer Valley Hospital. The new 9,000-square-foot center will offer clinical care as well as research under ... Read the Full Article. World's Largest Solar Thermal Plant Planned for Northern ArizonaTempe-based Mohave Sun Power LLC plans to build the largest solar project in the world outside of Kingman, Arizona which will generate 340 Megawatts. The project, based on parabolic-trough technology, is ... Read the Full Article. |
| April |
A Message from the President: April 2009The Phoenix CEO-CFO Group has some great events planned for April, May & June. Are they on your calendar?
May 2009 Meeting Information - Mark your calendarTopic: Modernizing Health Care: What it Will Take? Tips for the Homerun Networking EventOn Friday, June 26th, 2009, The Phoenix CEO-CFO Group, Arizona International Growth Group (AZIGG) and ACG-Arizona (ACG) have organized an event on June 26th at a 6:40pm - a DBacks Game ... Read the Full Article. April 2009 Meeting Information - Mark your calendarTopic: Labor and Employment in a Changing Economy: What Every CEO and CFO Needs to Know Under a New Administration" Speaker: Lew Clark of Squire, Sanders & Dempsey L.L.P. ... Read the Full Article. New Fine Restaurants in the Phoenix AreaFood critic for Esquire Magazine, John Mariani, was recently in Phoenix and Scottsdale to review the dining scene. He noted that Mary Elaine's in The Phoenician resort has been replaced ... Read the Full Article. Spirit Airlines is The Brainchild of Phoenix-based Indigo PartnersSpirit Airlines is an ultra-low cost carrier for super-cheap ticket for Americans to fly to Caribbean vacation spots. The company was the brainchild of Indigo Partners, a private equity fund ... Read the Full Article. SEC Sues Scottsdale CPA for $67 Million FraudThe Securities and Exchange Commission has revoked the license of an Arizona CPA and filed charges accusing him of running a $67 million Ponzi scheme. Dan Wise has been accused of ... Read the Full Article. Waste Management Building New Recycling Plant in SurpriseWaste Management of Arizona will break ground in April 2009 on a 65,000-square-foot building to be located next to the company's northwest Valley regional landfill near Grand Avenue and Deer Valley ... Read the Full Article. The Pink Taco Mexican Restaurant ClosesThe Pink Taco Restaurant in Scottsdale's Waterfront closed as of April 1, 2009. The Pink Taco had ruffled a few feathers in Scottsdale. Scottsdale's former Mayor, Mary Manross, complained about the name. ... Read the Full Article. Scottsdale-based Hypercom Names Thomas Sabol as CFOThomas Sabol was named as the new CFO of Hypercom, a maker of electronic payment systems on April 20, 2009. Sabol previously worked at Phoenix-based Suntron Corporation where he served as the ... Read the Full Article. Tempe-based First Solar Grows Bigger By Buying OptiSolar's ProjectsIn a shakeout of the solar industry, mostly due to the ongoing credit and financing crisis, First Solar, one of the stronger players, has been able to buy OptiSolar's "Crown ... Read the Full Article. New Rules from The Americans Disability Act and the Lilly Ledbetter Fair Pay ActNew Rules from The Americans Disability Act and the Lilly Ledbetter Fair Pay Act |
| February / March |
A Message from the President: February/March 2009The Phoenix CEO-CFO Group wants to thank everyone for a great 2008. We will continue to improve as one of the premier executive networking and education groups in Phoenix. Therefore, we ... Read the Full Article. March 2009 Meeting Information- Mark your calendarTopic: "7 Things Every CEO Should Know about Information Security: Bridging the Gap Between IT Security and IT Operations" Speaker: Pat Clawson, Chairman and CEO of Lumension Place: McCormick & Schmicks, 2575 E. ... Read the Full Article. Professional Ethics Update for Arizona CPAsOn April 17th, the Phoenix CEO-CFO Group, Arizona Society of CPA's and the Institute of Management Accountants will be hosting an Ethics Seminar for CPA's in Industry. Attendance for this event is open to all CPA's who need the FOUR hours of CPE that is required by the State of Arizona. Please sign up all the members of your team along with yourself today. Click here to review the flyer for details. New Law Requires Businesses to Pay 65% of COBRA"The American Recovery and Reinvestment Act of 2009" will change how companies offer COBRA to its employees between September 1, 2008, and December 31, 2009. Under the new act, effective February 17, 2009, eligible COBRA participants will ... Read the Full Article. $79 million Scottsdale Apartment Complex Sold for $32 millionScottsdale's 350-unit La Privada Apartments had sold in November 2005 for $79.6 million, or $227,428 per apartment. Four years later in 2009 the apartment complex sold for $32 million or $91,429 per unit, down nearly 60 percent. Read the Full Article. Arizona has One of the Nation's Fastest-Growing Bioscience Industries"Arizona has one of the nation's fastest-growing bioscience industries. It has gained a national reputation as an emerging bioscience center," said Walter H. Plosila, Ph.D., senior advisor to the ... Read the Full Article. CEO for the Coyotes Hockey Team Has ResignedJeff Shumway has resigned as the CEO of the Coyotes Hockey Team. He had been the team's CEO since April 2006. Team owner Jerry Moyes, who also owns Swift Transportation, will ... Read the Full Article. Shasta Pools Has System to Turn Pools into A Energy Saving DeviceShasta Pools has been working on a system to turn pools into ground-source heat pumps, sometimes called geothermal heat pumps. Shasta Pools began a relationship with Waterfurnace International, a manufacturer ... Read the Full Article. Phoenix-Based Freeport Reports Nearly $14 Billion Quarterly LossPhoenix-based Freeport McMoRan Copper and Gold reported a fourth-quarter loss of $13.9 billion and a year-to-date loss of $11.3 billion for the year ending 2008. The majority of the loss was from write-downs ... Read the Full Article. Fulton Homes Files Chapter 11 BankruptcyFulton Homes filed for Chapter 11 bankruptcy reorganization on January 27, 2009. Fulton's PR firm told the Phoenix Business Journal that home warranties and customer service will not be affected. The company was ... Read the Full Article. Mesa to Vote on $1 Billion Hotel & Convention Center in MarchGaylord Entertainment Company of Nashville plans to buy about 100 acres in Mesa to build a luxury hotel and convention center. The hotel would have at least 1,200 rooms and be the ... Read the Full Article. Glendale to Get Largest Tribal Casino in the StateThe Tohono-O'odham tribe is planning to build a $600 million hotel and casino on 134 acres that the tribe owns at 91st and Northern Avenue, a few miles from the University of ... Read the Full Article. Goodmans Gives Free Office Renovations for Non-Profit Execs; Needs NominationsGoodmans Office Furniture is offering two free office renovations for non-profit executives in Maricopa and Pima Counties. They call it "Goodmans Eye for the Good Guy 2009." They are looking for ... Read the Full Article. Phoenix's Plan to Recruit California Businesses Sees SuccessThe Greater Phoenix Economic Council (GPEC) and the Tucson Regional Economic Opportunities Inc's $100,000, six-month pilot program launched in February 2009 to attract companies from California is already seeing success. Read the Full Article. How Should the Construction Industry Change to Manage Risks in the Construction of Green Buildings?Answer: Because many of the sustainability goals of green buildings are achieved throughout the useful lifetime of the building, rather than at the time of project completion, new construction processes ... Read the Full Article. |
| January |
A Message from the President: January 2009The Phoenix CEO-CFO Group is starting off the year with a great line up of events. We have made some changes to our attendance and RSVP policies for 2009 and would ... Read the Full Article. 2009 CEO-CFO RSVP Policies: C-Level, Accounting & Finance & Sponsors OnlyThe Phoenix CEO-CFO Group is exclusive to C-Level executives and sponsors only. Vendors will not be accepted. The group welcomes new attendees. However, due to our growth and the desire ... Read the Full Article. Feb 20th Special Event - Register Today!February Meeting Information - Mark your CalendarCuts in the Missile Defense System Would Hurt ArizonaThe Arizona Republic noted that missile defense work contributes $10 billion a year to Arizona's economy, in direct and indirect jobs, services and vendor purchases. President-elect Barack Obama has vowed to ... Read the Full Article. Briefing on Biotechnology at the Flinn Foundation on January 27thThe Arizona Biotechnology Association (AZBio) and Biotech Primer (an organization that provides both non-science professionals and scientists with an understanding of biotechnology) are teaming up to offer a one-day course ... Read the Full Article. Barrett-Jackson, "The World's Greatest Collector Car Auctions"--January 2009Barrett-Jackson will hold its 38th World's Greatest Collector Car Auctions in Scottsdale, Arizona the week of January 11th through the 18th at WestWorld. Over 250,000 people are expected to attend. This ... Read the Full Article. Insurance Costs Are Forecasted to Go Up-Due To Investment LossesTime to get your insurance renewals in early. Analysts are predicting that the investment portfolios held by insurance companies have taken significant capital losses in the fourth quarter, as high ... Read the Full Article. Power Tactics: The "48 Laws of Power"Power in an organization allows one to accomplish his or her goals, move ahead and earn the rewards commensurate with advancement. Power is important. Yet there isn't a clear path ... Read the Full Article. New Cancer Hospital Opens; Integrative and Innovative TherapiesCancer Treatment Centers of America (CTCA) opened its first hospital in the Southwest in Goodyear, Arizona on December 29, 2008. CTCA's new $107 million facility expects to treat up to 300 patients a day ... Read the Full Article. Orbital Sciences Wins NASA's Spacecraft Project: More Jobs in ChandlerOrbital Sciences and Space Exploration Technologies (SpaceX) won a $3.5 billion NASA contract on December 23, 2008 for each company to build a spacecraft to haul 20 tons of cargo to the International Space ... Read the Full Article. P.F. Chang's Rock'n'Roll Marathon: Music, Running & Fun-January 18thP.F.Chang's Rock'n'Roll Marathon is a raucous running event with bands, cheer teams, lively water stations and cheering spectators. It is also the largest combined running event in the ... Read the Full Article. Phoenix Convention Center is in the Top 20 with New BuildingPhoenix Convention Center opened its new $600 million building on December 27, 2008. The new building adds 569,000 square-feet to the Phoenix Convention Center which triples the meeting space to 900,000 and puts it in ... Read the Full Article. Most Popular Event in Golf: The FBR Open Starts January 29thThe FBR Open starts its first round at the TPC Scottsdale on Thursday, January 29th and finishes on Sunday, February 1st, 2009. It is the most popular event in golf with ... Read the Full Article. Can Tribal Corporations and Employees of Tribal Enterprises Really Hide Behind Tribal Sovereign Immunity and Escape the Consequences of Wrongful Actions?Answer: Tribal sovereign immunity protects Indian tribes from suits and also tribal corporations acting as arm of tribes and tribal employees when they are sued in their official capacities ... Read the Full Article. |
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