Russ Wiles
Contributor at USA Today
Business Writer and Columnist at The Arizona Republic
I cover Arizona business news, including large local companies, economic trends, investing, banking, taxes, nonprofits and more. Retweets are not endorsements.
Articles
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1 week ago |
azcentral.com | Russ Wiles
JBS meatpacking workers ratified their first national union contract, covering 26,000 employees at 14 plants. This agreement marks the first pension offered by a meatpacking employer since 1986. Employees at a meatpacking plant in Tolleson have ratified their first-ever national union contract in a deal that will boost average pay, enhance safety and add benefits including a pension plan, more vacation time and paid sick leave.
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1 week ago |
azcentral.com | Russ Wiles
Central Asia Metals, a British corporation, plans to acquire New World Resources, an Australian company, for $119 million. The acquisition includes two Arizona copper mining properties, Antler and Javelin, potentially creating new jobs. The Antler project is expected to produce approximately 33,000 U.S. tons of copper over 12 years. A British corporation has agreed to purchase an Australian company that owns two copper-mining properties in northwest Arizona.
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2 weeks ago |
azcentral.com | Russ Wiles
Arizona's wealthiest residents saw significant shifts in their rankings due to stock volatility. Ernest Garcia II and Ernest Garcia III, major Carvana shareholders, now top the Arizona wealth list after an $8 billion increase. Other notable gains include George Kurtz, Rick Smith, and the Horejsi family, while the Shoen brothers and Bennett Dorrance experienced losses.
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2 weeks ago |
azcentral.com | Russ Wiles
Salt River Project is developing a solar and hydropower project east of Mesa that could power up to 450,000 homes. The project will use a pumped storage hydropower system, releasing water from an upper reservoir to generate power during peak demand and using solar energy to pump the water back uphill during off-peak hours. The multibillion dollar project is expected to be operational by 2033, pending environmental and regulatory approvals.
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3 weeks ago |
azcentral.com | Russ Wiles
The traditional summer driving season kicks off Memorial Day weekend, and there’s both good and bad news in store for Arizona motorists. The good? Gasoline is significantly cheaper this year compared to the same time in 2024. The bad? Filling your tank in Arizona will cost more than in most other states around the nation. Motorist demand, taxes, underlying swings in the price of crude oil and proximity to refineries all influence gasoline prices.
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Are you ready to share the road with a #driverless big-rig #truck? Ready or not, they're here. https://t.co/DGWI2tmpUQ
The new year ushered in higher minimum wages in 26 states, including a new floor of $12.80 an hour in Arizona. Hard to believe but 19 states don't have a minimum, which means the federal rate of $7.25 an hour still applies. https://t.co/OAsg6kEmKY
A sign of the time as affluent Americans grow richer: Porsche Cars North America sold a record 70,000 vehicles in the U.S. last year, up 22% from 2020. Another sign of the times: Nearly one in seven of those deliveries were of electric vehicles.