Hot Links: Bashas' Bankruptcy, SRP Rate Hikes, and The Beaver
Arizona-based grocery store chain Bashas' Supermarkets Inc. filed for chapter 11 bankruptcy protection. Ten Bashas' and Food City stores will close July 21 (the company also owns AJ's Fine Foods, but no closures of those markets have been announced)...Members of the Greater Phoenix Economic Council will go to San Francisco this week for the 2009 Intersolar North America Conference, to try and sell solar-energy companies on Arizona's sunshine. Governor Brewer recently signed a law that provides incentives for solar companies to move to the Grand Canyon state, and economic council members say they've already arranged about 25 meetings that represent about $2 billion in investment capital... SRP customers may see a rate increase of as much as 8.8 percent, starting this October. If the rate hike is approved, it would cost the average SRP household an additional $12 a month, but the company says the increase would go toward harnessing solar or wind energy... A man suspected of murdering a woman in her west Phoenix home on Saturday turned himself in to Tucson police at an AM/PM store later that night. Jerome Pringle, 44, was taken to the Maricopa County Jail and charged with first-degree murder and vehicle theft...Scottsdale-based company American Traffic Solutions donated backpacks and school supplies to Valley children. The company partnered with A New Leaf, which plans to donate the supplies to children at their domestic-violence shelters...In one of Hollywood's more bizarre projects of late, Jodie Foster is considering Mel Gibson for the lead role in The Beaver. Foster is slated to direct the film, which is all about a man who wears a beaver puppet on his hand everywhere he goes and thinks it's a real person.
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