Tucson, much of Ariz., enjoying sub-$3 gas
Fifteen states and two-thirds of Arizona regions are averaging pump prices under $3 a gallon, according to AAA Arizona.
This week, the price of a gallon of regular gas in the state plummeted almost 10 cents to $3.04 on Friday, while the national average dropped more than 7 cents to $3.07.
The East Valley in the Phoenix area had the state’s lowest average gas price at $2.93, while Tucson was at $2.98 on Friday. Flagstaff had the highest average price at $3.36 per gallon.
Apple glass firm to sell assets in bankruptcy
Nearly 2,000 furnaces installed in a factory in Mesa to make synthetic sapphire glass for Apple Inc. will be removed and sold under a deal between the tech giant and the company that had been gearing up to produce huge amounts of the product for use in Apple’s products.
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Documents released by New Hampshire-based GT Advanced Technologies on Thursday show the company will leave the glass-making business and try to sell the furnaces.
GT filed for Chapter 11 bankruptcy reorganization on Oct. 6 and says it will use the proceeds to repay $439 million Apple advanced GT to outfit the Mesa plant. The agreement requires approval from a bankruptcy court judge.