Simon Property Group reported Friday a $1.02 billion profit in 2011, nearly twice its net income from 2010. Simon made a $610.4 million profit in 2010.

Fourth-quarter profits also were up, at $362.9 million per share in 2011, up from $217.9 million in the fourth quarter of 2010.

Funds from operations yielded earnings per share of $1.91, slightly higher than the $1.90 analysts had expected.

Indianapolis-based Simon (NYSE: SPG) owns a number of malls and shopping centers, including Towne East Square and Towne West Square in Wichita…

A trio of veteran environmental attorneys has moved to another law firm.

Karen Gaylord, Janis Bladine and Ronnie Hawks have left Salmon Lewis & Weldon PLC for Jennings Haug & Cunningham LLP. Both firms are based in Phoenix.

“Adding this well-known environmental law team to the firm allows us to offer our clients from across the country a new range of services in Arizona, which is very appealing,” said John Sinodis, managing partner of Jennings Haug. “We feel that they are an excellent complement to the firm, bringing services that are particularly sought here in Arizona…

There are reportedly more women than men among Facebook Inc.’s 845 million users but the giant sociall networking pioneer has none on its board of directors.

Susan Stautberg, co-founder of New York-based Women Corporate Directors, told Bloomberg on Friday that Facebook is being shortsighted by not having diversity on its board.

“It doesn’t make sense for a company that claims to be so forward looking to not have any women directors,” she said. “If they just have an old boy’s network in the boardroom, they won’t have access to diverse ideas and strategies…

When’s the new iPhone 5 coming? Reports put the release by Apple Inc. (NASDAQ: AAPL) in June.

The Cupertino, Calif.-based electronics giant plans to unveil the device at its worldwide developers conference, according to a report in DigiTimes (via Minyanville).

Tech website, 9To5Mac, reported in January that different versions of the iPhone 5 have been seen in the developmental stage.

Apple operates a full-service Apple Store in the ABQ Uptown development in Albuquerque. Dallas-based AT&T Inc. (NYSE: T), with nine retail locations in the Duke City, is one of the major carriers for iPhones…

Baltimore’s St. Agnes Hospital plans to move 150 employees to Lansdowne Station, a mixed-use development in Baltimore County.

The hospital has signed a lease for 33,000 square feet at 3585 Washington Blvd., where it will conduct health care planning, marketing, finance and physician administration.

Lansdowne Station, a 500,000-square-foot development of retail and office space, is owned by Venture B. G. LLC and managed by David S. Brown Enterprises LTD. The center includes several big-box stores and a three-story, 58,000-square-foot office building…

It’s not sexy, but it pays: A new national analysis of salaries finds that power distributors and dispatchers in Sacramento earn the biggest paychecks among so-called production workers in California.

With average annual pay of nearly $86,000, these workers in Sacramento — home to the sixth-largest customer-owned electric utility and the state’s electricity-grid operator — top a list compiled by the Business Journal’s G. Scott Thomas. Power distributors and dispatchers in San Diego rank second…

It’s not sexy, but it pays: A new national analysis of salaries finds that power distributors and dispatchers in Sacramento earn the biggest paychecks among so-called production workers in California.

With average annual pay of nearly $86,000, these workers in Sacramento — home to the sixth-largest customer-owned electric utility and the state’s electricity-grid operator — top a list compiled by the Business Journal’s G. Scott Thomas. Power distributors and dispatchers in San Diego rank second…