Business | Colorado Springs Gazette

AP Business Headlines view all

  • Mylan makes official bid for Perrigo in generic drug contest

    NEW YORK (AP) — Generic drugmaker Mylan is making official its offer for over-the-counter medicines maker Perrigo as it remains at the center of a three-way battle: Mylan wants to buy Perrigo, while a larger rival wants to buy Mylan. Perrigo has already rejected Mylan's offer and reiterated Friday it feels the bid, worth more than $30 billion,...

  • Xerox and Amazon are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Xerox Corp., down $1.15 to $11.99 The copier company cut its earnings estimate for the full year amid sliding sales and a rising dollar. Time Warner Cable Inc., up $6.50 to $155.26 Rival Comcast dropped...

  • Ford recalls 390,000 cars to fix door latches

    DETROIT (AP) — Ford is recalling about 390,000 cars because the doors may not latch properly and could open while the cars are in motion. The recall covers certain 2012 through 2014 Ford Fiestas, and 2013 and 2014 Ford Fusion and Lincoln MKZ cars that were made in Mexico. The automaker said Friday that a part in the door latch spring assembly...

  • Stocks rise on tech earnings; Nasdaq adds to record

    NEW YORK (AP) — Stocks advanced slightly Friday as investors cheered the quarterly results of three large technology companies: Google, Microsoft and Amazon. The modest gains helped close out a relatively strong week for U.S. stocks, with the three major indexes rising between 1.4 and 3.2 percent in five days. The Standard & Poor's 500 and...

  • Amazon, Microsoft lead gains in big technology stocks

    NEW YORK (AP) — Big gains by Amazon, Microsoft and Google sending technology stocks to a higher close. The broader market also rose Friday, but not as much. The Nasdaq composite rose again, a day after beating its record-high close from the peak of the dot-com boom 15 years ago. Amazon soared 14 percent after revealing details about its cloud...

  • Figures on government spending and debt

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Side Streets: Colorado Springs man offers no defense for accumulated junk cars, quickly convicted

    A five-year battle that pitted one man against his neighborhood and city code enforcement officers over unlicensed and junk vehicles and debris he collected at his Pulpit Rock home ended with a whimper Wednesday. A year after being issued four summons for his junk cars and debris, Greg Heskin finally faced a judge in Colorado Springs...

  • Comcast abandons Time Warner Cable bid after gov't pushback

    NEW YORK (AP) — What killed Comcast's $45 billion bid for Time Warner Cable? Regulators' desire to protect the Internet video industry that is reshaping TV. A combination of the No. 1 and No. 2 U.S. cable companies would have put nearly 30 percent of TV and about 55 percent of broadband subscribers under one roof, along with NBCUniversal,...

  • New York to get nearly $1B loan to make commuter rail safer

    NEW YORK (AP) — The Metropolitan Transportation Authority, the nation's largest commuter rail network, is on track to receive a nearly $1 billion federal loan for safety improvements meant to avoid a repeat of a 2013 derailment that killed four people, Gov. Andrew Cuomo announced Friday. The $967 million in funding will be used to complete the...

  • Correction: Amazon-Cloud Computing Business story

    NEW YORK (AP) — In a story April 23 about Amazon, The Associated Press reported erroneously that its quarterly revenues came in below analysts' estimates. They came in above analysts' estimates. A corrected version of the story is below: Amazon's Web Services boosts 1Q revenue Amazon's results shows strength and size of cloud-computing...

  • Cheaper fuel has airlines soaring to record profits

    DALLAS (AP) — For airlines, the record profits keep coming, thanks to cheaper jet fuel. Like motorists, airlines have been saving money at the pump since oil prices began plunging last summer. Even with a recent increase, the spot price of jet fuel is down 40 percent since September. Airlines are getting such a price break that profits are...

  • Diet Pepsi dropping aspartame on customer concerns

    NEW YORK (AP) — PepsiCo says it's dropping aspartame from Diet Pepsi in response to customer worries and replacing it with sucralose, another artificial sweetener commonly known as Splenda. The decision to swap sweeteners comes as Americans keep turning away from popular diet sodas. Rival Coca-Cola said this week that sales volume for Diet...

  • Recalls this week: vacuum cleaners, bicycles

    Vacuum cleaners that pose an electric shock risk to users are among this week's recalled consumer products. Others include Trek bicycles with a defect that has caused several injuries. Here's a more detailed look: VACUUM CLEANERS DETAILS: Four models of Shark brand Rotator Powered Lift-Away series upright vacuum cleaners. They are either...

  • Backpack strap used by Apollo 14 moonwalker sells for $41K

    BOSTON (AP) — A backpack strap used by an Apollo 14 astronaut as he moved around the surface of the moon in 1971 has sold at auction for nearly $42,000. Massachusetts-based RR Auction says the strap that Edgar Mitchell brought back as a souvenir of the mission fetched $41,806 this week. The buyer's identity was not disclosed. Mitchell spent...

  • US oil and natural gas rig count drops by 22 to 932

    Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 22 this week to 932 amid depressed oil prices. Houston-based Baker Hughes said Friday 703 rigs were seeking oil and 225 explored for natural gas. Four were listed as miscellaneous. A year ago, 1,861 rigs were active....

  • Harley recalls nearly 46,000 motorcycles

    DETROIT (AP) — Harley-Davidson is recalling nearly 46,000 motorcycles in the U.S. because they could stay in gear due to clutches that won't fully disengage. The recall covers certain Electra Glide, Ultra Limited, Police Electra Glide, Street Glide, Road Glide and Road King models from the 2014 and 2015 model years. Harley-Davidson Motor Co....

  • Xerox says quarterly profit dropped 20 percent, cuts outlook

    NORWALK, Conn. (AP) — Xerox's quarterly profit dropped 20 percent and the company cut its earnings estimate for the full year amid sliding sales and a rising dollar. The news drove its stock down $1.18, or 9 percent, to $11.96 in Friday afternoon trading. Before the market opened, Xerox Corp. reported first-quarter net income of $225 million,...

  • Fire officials: New York City crane accident leaves man dead

    NEW YORK (AP) — Fire officials say a boom-crane accident in midtown Manhattan has left a man dead. The Fire Department of New York says the accident occurred shortly before noon Friday near 44th Street and Second Avenue. The small crane was attached to a flatbed truck. About an hour later, the man's body remained on the sidewalk, outside the...

  • Big technology stocks rise in midday trading; Amazon soars

    NEW YORK (AP) — Big gains by Amazon and Google are lifting technology stocks. Amazon soared 15 percent in midday trading Friday after revealing details about its cloud computing service for the first time. Google and Microsoft also rose after reporting their latest quarterly results. The Nasdaq composite index rose more than the rest of the...

  • Barra compensation triples to $15.8M in 1st year as GM CEO

    DETROIT (AP) — General Motors CEO Mary Barra's compensation more than tripled in 2014 to $15.8 million in her tumultuous first year in the automaker's top job. Barra and other top executives got only 74 percent of the cash incentives they could have received, because GM fell short of goals set by the board. But her stock awards more than...

Submit Your Business Press Release

Submit Press Release
Advertisement

Leading Lawyers

Advertisement
Advertisement
The Gazette’s Deal of the Day
Advertisement
Advertisement