by Edward Gately – Aug. 16, 2011 09:22 AM The Arizona Republic Low commercial lease rates have attracted two new businesses – a couple’s first small business and the revamped version of a half-century-old photography retailer – to downtown Scottsdale. Steve and Jeanine Rometty are planning to open Old Town Candy and Toys in early [...]

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Bank of America (BAC: 9.76 +0.51%) will likely move select high-risk mortgages originated by Countrywide Financial Corp. to a handful of smaller servicing specialists, according to the pending settlement with securities investors. At the end of June, BofA agreed to pay $8.5 billion to settle soured residential mortgage-backed securities to investors. The bank struck the [...]

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