Storms, 2 inches of rain in less than 30 minutes in Phoenix flood freeway, airport, shuts down zoo, flights

Monsoon storms hit Phoenix hard Thursday night delaying and temporarily grounding flights at Phoenix Sky Harbor International Airport, flooding areas of the airport as well as the U.S. 60 freeway in Tempe and causing power outages and down trees. The Phoenix Zoo will...

Toyota and Mazda plan to build $1.6 billion US plant in joint venture: Sources

Japanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, with sources familiar with the plan telling CNBC the joint venture and assembly plant will be announced Friday in Japan.A location for the $1.6...

Australia’s central bank is upbeat on the economy, but warns on further rise in currency

The Aussie has surged almost 7 percent since June, to atop 80 U.S. cents. An even higher currency would threaten the RBA’s projections of around 3 percent growth in the A$1.7 trillion economy over the next couple of years. “Further exchange rate...