Business | Colorado Springs Gazette

AP Business Headlines view all

  • Rates rise at weekly US Treasury auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills reaching their highest level since July. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, up from 0.010 percent last week. Another $30 billion in six-month bills was...

  • US regulator: Fannie, Freddie in deal with banks

    WASHINGTON (AP) — A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending. The head of the Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the deal Monday at a conference of the Mortgage Bankers Association in Las...

  • UPS increases some shipping rates by 4.9 percent

    ATLANTA (AP) — UPS says it is raising rates for a number of its shipping services by an average of 4.9 percent for 2015. The Atlanta-based company said Monday it is increasing rates for its ground, air, international, UPS Freight, and UPS air freight rates within and between the U.S., Canada and Puerto Rico. The increase goes into effect on...

  • Colorado Springs call center won't close, after all -- and it's hiring

    In a dramatic about-face, Firstsource Solutions Ltd. announced Monday that it will keep its Colorado Springs call center open and add 100 employees over the next 18 months after receiving a contract from a major health care plan to enroll new members. The India-based company said in March it would close the center at 5725 Mark Dabling Blvd. by...

  • Chipotle's profit tops expectations as sales surge

    DENVER (AP) — Chipotle reported a profit Monday that topped Wall Street expectations as sales continued to surge. The Mexican food chain said sales rose 19.8 percent at restaurants open at least a year for its third quarter. The better-than-expected performance comes as traditional fast-food chains such as McDonald's and Burger King have...

  • Owner pleads guilty in Vegas puppy store fire case

    LAS VEGAS (AP) — A 35-year-old former Las Vegas pet shop owner pleaded guilty Monday to felony charges that could get her up to 24 years in state prison for setting fire to the business before 27 puppies and dogs were rescued earlier this year, a court official said. Gloria Eun Hye Lee pleaded guilty Monday in Clark County District Court to...

  • A year later, cleanup still going for ND oil spill

    BISMARCK, N.D. (AP) — One year after a pipeline rupture flooded a wheat field in northwestern North Dakota with more than 20,000 barrels of crude, Tesoro Corp. is still working around the clock cleaning up the oil spill — one of the largest to happen onshore in U.S. history. Cleanup costs have soared from the company's original estimate of $4...

  • Colorado's top court upholds 2010 PERA ruling

    A Colorado Supreme Court ruling on Monday upheld the state's 2010 decision to reduce annual cost of living increases for state employee retirees in an effort to make the retirement fund more financially sound. A number of retirees sued the state and the Colorado Public Employees' Retirement Association (PERA) after lawmakers enacted Senate...

  • US stocks close higher as turbulence fades

    NEW YORK (AP) — U.S. stocks are closing with modest gains following last week's turbulence. All three main stock indexes ended higher. The Standard & Poor's 500 rose 17 points, or 0.9 percent, to 1,904 Monday. The Nasdaq rose 57 points, or 1.4 percent, to 4,316. The Dow Jones industrial average eked out a gain after spending most of the day...

  • IBM and CSX are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE IBM Corp., down $12.95 to $169.10 The technology company's quarterly profit missed expectations and it will pay $1.5 billion to shed its costly chip division. CSX Corp., down 35 cents to $33.51 Canadian...

  • IBM 3Q disappoints as it sheds 'empty calories'

    NEW YORK (AP) — IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent as investors sold off sharply and the stock dragged the Dow 30 into the...

  • Youths, tech workers duel over San Francisco field

    SAN FRANCISCO (AP) — Teenage soccer players in San Francisco won an off-field victory over the city's technology workers after a videotaped confrontation gained national attention. Parks officials have agreed to stop allowing adults to reserve a soccer field in the Mission District neighborhood, a decision that followed an August standoff...

  • Shell Midstream Partners files for $750M IPO

    NEW YORK (AP) — Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. The master limited partnership filed for an offering of 37.5 million common...

  • Sears plans to raise more cash via rights offering

    HOFFMAN ESTATES, Ill. (AP) — Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million. The company, which runs Kmart and its namesake stores, also said Monday that it struck a leasing deal with European fashion retailer Primark. Its shares rose more than 22 percent in afternoon...

  • Lorillard CEO to get $44M after Reynolds merger

    RICHMOND, Va. (AP) — The CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc., regulatory filings show. Murray Kessler is one of several Lorillard executives to receive compensation if they're terminated after the deal closes, according to a...

  • WTO rejects US country-of-origin labels for meat

    WASHINGTON (AP) — Learning where the meat in your grocery store came from might get harder. In a ruling Monday, the World Trade Organization rejected U.S. rules requiring labels on packaged steaks, ribs and other cuts of meat identifying where the animals were born, raised and slaughtered. The WTO said the requirements put Canadian and Mexican...

  • MOVERS & SHAKERS

    Dr. Steven Clancy has joined Pine Creek Vision Clinic as an associate optometrist. A retired Air Force lieutenant colonel, he completed tours as chief of optometry at several locations, including Peterson Air Force Base. He earned his degree in optometry from the Illinois College of Optometry.

  • Halliburton tops Street 3Q forecasts

    HOUSTON (AP) — HOUSTON (AP) — Halliburton reported profit of $1.2 billion in its third quarter despite tumbling energy prices, and said it would boost its dividend by 20 percent. Oilfield service companies like Halliburton typically get squeezed when the energy prices tumble as major drillers try to preserve their margins. Oil prices have...

  • Vehicles with air bag problem that should be fixed

    The National Highway Traffic Safety Administration issued an urgent plea to more than 4.7 million car owners whose air bag inflators have been recalled to get them repaired. The air bags, especially in areas along the coast with high absolute humidity, have inflators that can rupture. If the air bags go off in a crash, that can send shrapnel...

  • American, US Airways complete cargo combination

    FORT WORTH, Texas (AP) — American Airlines and US Airways say they have finishes combining their cargo operations. American Airlines Group Inc. said Monday that it was the first time that operating divisions at the two carriers have become fully combined. The combined cargo unit will have annual revenue of more than $800 million. The...

Advertisement

Submit Your Business Press Release

Submit Press Release
Advertisement

Leading Lawyers

OCT
21
OCT
22
OCT
23
OCT
24
OCT
25
OCT
26
OCT
27
OCT
28
OCT
29
OCT
30
OCT
31
NOV
1
NOV
2
NOV
3
Advertisement
Advertisement
Advertisement
Advertisement