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Local Business News

First quarter data shows New Mexico had 9,144 homes somewhere in the foreclosure process. (AP FILE)

Report: Foreclosures surge in past year

State rate far high than nationally

Gas Co. backs off storage facility

Opposition derailed proposal for RR

ABQ still struggling from recession

Employment growth, recovery rank among weakest in nation

New Balloon Fiesta booth rental policy wins plaudits

New balloon fiesta booth rental policy wins plaudits

Incentive pay sliced for three PNM execs

Unmet performance goals cut earnings even as base salaries rise

ConocoPhillips suspends drilling in San Juan Basin

FARMINGTON (AP) — ConocoPhillips is temporarily suspending its exploratory drilling in the Four Corners region’s San Juan Basin because of low natural gas prices. The Daily Times reports ConocoPhillips’ decision stops... Read more »

Rio Rancho Council approves sweeping changes to zoning rules

Development professionals called the changes to Rio Rancho’s planning and zoning ordinance that councilors approved last night dramatic, substantive and significant. The changes affect residential, commercial and industrial development. Among... Read more »

Moody’s upgrades NMFA’s rating

Audit scandal had lowered bond rank

Fed proposal could cap big-bank support

Lending units may end up shrinking

Tech benefits medical offices

Investors back iPad-based system to track patient care

Bank attracted to ABQ for expansion

Compass upbeat on area's potential

Low-wage hikes do little for economy

Minimum-wage workers do spend more after a hike, but there are reasons to be skeptical that raising ...