Recent housing market data, from Phoenix, Arizona shows Fulton Homes, produced a 6.88% market share for June based on its closings. The large homebuilder has closed 669 homes contrary to the failing economy and Arizona’s high rate of unemployment.

The market share is one of the largest of its kind for the company, for new home closings. CEO of Fulton Homes, Douglas Fulton said in a statement recently, “We are thrilled by this tremendous news and it validates our strategy of repositioning our products in a very difficult market and continuing to put buyers first. At Fulton Homes, we have competitively priced our homes in order to compete with foreclosures and short sales and now, our customers are obviously the winners…”

RealtyTrac recently reported the state of Arizona had the country’s second highest foreclosure rate, during the first part of this year—3.36% of its housing units, which equals one in 30 homes, have filed for foreclosure. Nevada came in first.

Since 1975, the family owned Fulton Homes, has become one of Arizona’s top homebuilders and businesses; and has been recognized as the “49th largest builder in The United States—according to Builder Magazine.

Despite the ailing housing market’s downfall, the company has managed to continue to sell homes and generate revenue. A majority of their homes offered go for an estimated $116,500-$140,000. They also work closely with homebuyers, which has lead to referrals and expansion of their client base.

According to Reuters news, a Nevada judge has recently accepted a $772 million bid for the bankrupt Station Casino, Inc.—from its present owners, Frank and Lorenzo Fertitta. The company was founded by the owners’ father, Frank Fertitta Jr., in 1976.

Station Casinos, established and based in Las Vegas, filed for bankruptcy just last year and listed $5.7 billion in assets against their $6.5 owed in debt. With today’s economy and Station not being the first in what is now a long line of bankrupt casinos, it’s no wonder its owners wound up being the largest bidders.

Back in ’76, the company opened the Bingo Palace then later renamed it, Palace Station. Most known for its catering to Las Vegas’ and Nevada in general’s locals, and not its tourists, Station Casino, Inc. went public, with an IPO, some 17 years later. In December, four years ago, and thirty years after Station Casinos’ inception, the Brothers Fertitta offered to buy every existing share—at $82 a share. Their goal, along with Colony Capital, was to make the company go private.

Scott Nielson, Station’s Executive Vice President said, the large bid will cover all wholly-owned properties, any and all tribal gaming partnerships as well as land owned to be later used for developing. Boyd Gaming Corporation was interested in bidding, but bailed on the idea nearly a week ago and accused the bidding process, on a whole, of favoring insiders.

After not being able to afford the interest on a debt from three years ago, the company filed for bankruptcy. As of now, it appears the company’s remaining assets are going to go through its own individualized restructuring.

The Dolan Company, formally known as Dolan Media Company, has recently purchased the Federal News Service. The move makes sense as Dolan provides services and business information/news to law, finance and real estate professionals throughout the country. Federal News Service is best known for transcribing major events in Washington—from congressional hearings to speeches and White House briefings, the service is employed by a wide variety of clients.

On the publishing side of Dolan’s business, they maintain a portfolio of over 40 daily and weekly periodicals. Meanwhile, Federal News Service has been around for the past 25 years; they also provide multi-language translated, transcriptions for mass media, embassies and overseas governments.

James P. Dolan, President of The Dolan Company said of the recent acquisition, “Fed News plays an important role in public affairs, reporting exactly what was said, rather than official transcripts that often show only what was supposed to have been said.”

Dolan named Rebecca Snyder as Federal News Service’s new Vice President and General Manager and also pointed out the company shall remain where it has been operating since its inception. Snyder has been Dolan’s VP and General Manager for the past five years. Concurrently, she is the Director of the Maryland-Delaware-DC Press Association as well as The Loading Dock—a not for profit building material reuse center.

Most of Federal News’ work is conducted online for its clients. Services include Washington Transcripts, Transcript Archives, FNS NewsClips Online, Financial and Health Care Transcripts and Broadcast Monitoring. These services provide up-to-the-minute, easily accessible information, transcripts and searchable database of thousands of transcripts.

According to Reuters, James Dolan got the assets of FNS from the trustee of the bankruptcy estate of Cheryl A. Reagan; Bankruptcy Judge Richard Taylor, from Arkansas approved the purchase.

The Boston Globe recently reported Matthew Amorello, once Chairman of the Massachusetts Turnpike Authority, has recently been charged with DUI, intoxicated on alcohol; as well as leaving the scene of property damage. While no injuries occurred, Amorello posted bail early the next morning. The arrest took place at approximately sometime after two in the morning.

Lieutenant Kevin Dorr of the Haverhill, Massachusetts police said the former Chairmen drove into several parked cars and “continued driving a short distance before he pulled over.” The Lieutenant is uncertain, or simply is not reveling, how much alcohol Matthew Amorello has in his system at the time of the DUI.

From 2002-2006, Amorello managed the Central Artery/Tunnel Project (CA/T), otherwise known as the “Big Dig.” It was a gigantic project which rerouted Interstate 93—which goes through the heart of Boston, through a three and a half mile tunnel. The enormous project, which Amorello oversaw, included the building of the Ted Williams Tunnel, the Leonard P. Zakim Bunker Hill Memorial Bridge (which extends over the Charles River as well as the Rose Kennedy Greenway.

It remains one of the most expensive highway projects, of all-time, in this country—costing approximately $22 billion. Nearly $7 billion alone is in interest owed. Amorello has a background of playing hardball with those who stuck around long enough and were always, deeply, opposed to the project, back in 1982.

The “Big Dig” has been tarnished and deemed a disaster by numerous forces from death to never-ending, escalating costs and the utilization of inadequate materials. Back in ’82, Congressman Barney Frank quipped, “Wouldn’t it be cheaper to raise the city than depress the artery?” The project is projected to be paid fully by 2038. Taxpayers have paid dearly for the “Big Dig.”

Amorello, who also served as State Senator from Worcester from 1991 to 1998, was chosen to manage the Turnpike Authority in 2002 and resigned only four years later due to a chunk of the tunnel’s ceiling collapsed, killing a female passenger in a car.

Since these times, Matthew Amorello has started his own company with a focus on solar energy. However, last year, the State Ethics Commission served him a fine for a violation of the “conflict-of-interest” law after being involved in key policy making decisions, knowing he had much to gain financially. This recent DUI, does not help, to say the least, Amorello and is only another stain on his career and livelihood.

Amorello’s brother, Christopher said, “My brother, like anyone else, has issues, but he didn’t deserve any of this…I’m not going to defend what happened…but it’s not newsworthy. You can imagine how we feel. It’s a travesty. It’s sad.’’