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Business briefs

Cibola Wireless speeds up service

Cibola Wireless, an Albuquerque-based high-speed wireless broadband operator, has licensed a new technology from Stuart, Fla.-based MDS America that the company says can provide 50-Mbps Internet to up to 250,000 area homes.

The multichannel video- and data-distribution service that Cibola is licensing from MDS America is the largest such system in the country, according to the company. The technology will allow Cibola to provide wireless service at three times the bandwidth it can offer today, the company said.

Foundation hosts Keller luncheon

As part of global celebrations of Milton Friedman’s legacy and in celebration of his birthday on July 31, the Rio Grande Foundation is hosting a luncheon with Tim Keller.

Keller is executive director of the Arizona chapter of the Institute for Justice.

The luncheon will be held from noon to 1 p.m. July 31 at the Marriott Pyramid at Paseo del Norte and I-25.

Cost is $25 if you register by July 24; $35 if you register later.

Visit www.riograndefoundation.org to register or send a check with a note listing the names of attendees to P.O. Box 40336, Albuquerque, NM 87196. Call 505-264-6090 for more information.

Factories show signs of recovery

WASHINGTON – U.S. factories cranked out more business equipment, home electronics and autos in June, boosting manufacturing output for the second straight month. The gains suggest factories may be starting to recover from a slow start this year.

The Federal Reserve said Tuesday that manufacturing production rose 0.3 percent in June from May.

That followed a 0.2 percent gain the previous month. Still, the two consecutive gains barely offset production declines in March and April.

Overall industrial production, which includes factories, mines and utilities, also rose 0.3 percent in June.

Chrysler recalling 46K Ram pickups

DETROIT – Chrysler Group is recalling 45,961 Ram trucks because their electronic stability control systems may not turn on when the vehicles start.

Ram 1500 4×4 trucks built between June 26, 2012, and Feb. 5, 2013, are involved in the recall.

Chrysler says a software problem may disable the electronic stability control system when the pickups start.

Electronic stability control helps vehicles stay upright and maintain the right direction even if the driver swerves or loses control. A disabled system increases the risk of a crash.

Chrysler began investigating the issue after getting some warranty complaints. It says no accidents or injuries have been reported due to the problem.

Dealers will update the software for free. Chrysler will begin notifying owners next month.

Ariz. potash mine output estimated

DENVER – A Denver-based company hoping to mine potash in northeast Arizona estimates such a project could have average annual production of about 1.3 million tons over the 26-year life of the mine.

Prospect Global Resources Inc. said Tuesday that a pre-feasibility study estimates the project would cost $825 million. The mine’s operating costs are estimated at $115 per ton. Potash is an ingredient in fertilizer and is selling at around $480 per ton.

The mine is planned for the Holbrook Basin on state and private land with access to a rail line, power, water and a highway. Vice Chairman Chad Brownstein says it would take about two years to build.

The company next plans a more detailed study, which will take about nine months to complete.

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