Business | Colorado Springs Gazette

AP Business Headlines view all

  • Kraft recalls some American Singles cheese

    NORTHFIELD, Ill. (AP) — Kraft voluntarily recalled 7,691 cases of its American Singles cheese product Friday because an ingredient was stored improperly by a supplier. The food maker said that, while unlikely, the product may spoil prematurely or cause a food borne illness. Kraft Foods Group Inc., which is based in Northfield, Illinois, said...

  • Splunk, Tesla 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 Big Lots Inc., down 85 cents to $46.35 Shares of the discount retailer fell, even as it reported a second-quarter profit that beat Wall Street expectations. Amira Nature Foods Ltd., up 99 cents to $17.22...

  • Stock market closes at record high

    The Standard & Poor's 500 is ending the week at a record high after a day of quiet trading. Chip maker Avago Technologies jumped nearly 8 percent after reporting earnings that beat analysts' estimates. The latest reports on the U.S. economy were mixed. Consumer sentiment improved in August, while spending fell and income growth slowed in...

  • Recalls this week: laptop power cords, helmets

    Nearly 6 million laptop power cords that can overheat and start a fire are among this week's recalled consumer products. Others include potentially faulty helmets and bunk beds. Here's a more detailed view: LAPTOP POWER CORDS DETAILS: Power cords that came with HP and Compaq laptops and mini laptops. They were sold between September 2010 and...

  • 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.

  • US rig count up 18 to 1,914

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 18 this week to 1,914. The Houston firm said Friday in its weekly report that 1,575 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,776 active rigs....

  • Startups offer banking for smartphone users

    NEW YORK (AP) — The latest banks are small enough to fit in the palm of your hand. Startups, such as Moven and Simple, offer banking that's designed specifically for smartphones, enabling users to track their spending on the go. Some things haven't changed. Like traditional banks, customers open a checking account, get a debit card and are...

  • Firm: Atlantic City losing 3 casinos, not business

    ATLANTIC CITY, N.J. (AP) — A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone. Fitch Ratings predicted in a report that the city's casino revenues will decline to $2.5 billion in 2015 from last year's $2.86 billion. It also said it...

  • Court won't restore Oracle's $1.3B verdict vs. SAP

    SAN FRANCISCO (AP) — A federal appeals court is refusing Oracle Corp.'s request to reinstate a $1.3 billion verdict it won against German rival SAP SE in a long-running copyright dispute. The 9th U.S. Circuit Court of Appeals in San Francisco ruled Friday that the jury's award was excessive. A trial judge in 2011 reached the same conclusion...

  • MOVERS & SHAKERS

    Erin Sokol has rejoined Hogan Lovells Colorado Springs office as an attorney on its litigation team. Sokol's practice focuses on employment law and general commercial litigation. A graduate of the Georgetown University Law School, Sokol was a partner at Sokol & Brewer in Colorado Springs before rejoining Hogan Lovells. She serves on the board...

  • Chief in $800M fraud gets 20 years prison

    MIAMI (AP) — The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida's all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, 64, credit for pleading guilty to avoid a lengthy and costly trial and said...

  • Fiat-Chrysler stock should be on market soon

    DETROIT (AP) — U.S. investors should soon be able to buy stock in Chrysler for the first time in seven years. Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. Fiat said in a statement Friday that an ongoing tally of investors suggests there is not enough opposition to derail the deal. Earlier this month, Fiat...

  • Hershey takes wraps off new corporate logo

    HERSHEY, Pa. (AP) — The Hershey Company is rolling out a new corporate logo that features a freshly stylized version of one of its most famous chocolate products. The candy maker on Friday announced the new design, which adds a new version of the Kisses chocolate at the end of the company's name. It's part of what the company calls a...

  • Stock market edges higher in midday trading

    U.S. stock indexes are slightly higher in quiet trading. Chip maker Avago Technologies jumped 9 percent after reporting earnings that beat analysts' estimates. The latest reports on the U.S. economy were mixed. Consumer sentiment improved in August, while spending fell and income growth slowed in July. The Dow Jones industrial average rose...

  • As stocks rise, so does anxiety: Time to get out?

    NEW YORK (AP) — Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and the Standard & Poor's 500 index closed above 2,000 for the first time on Tuesday. With each record, the temptation grows to take your winnings and flee. Plenty of experts think stocks are about to drop. But many others offer...

  • US consumer sentiment improves a bit in August

    WASHINGTON (AP) — U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. Yet the increase largely occurred among higher-income groups. The University of Michigan said Friday its index of consumer sentiment rose to 82.5 from 81.8 in July. The August level is only slightly...

  • As stocks rise, so does anxiety: Time to get out?

    NEW YORK (AP) — Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a lot richer. Plenty of experts think stocks are about to drop. But...

  • US stocks edge higher in early trading

    The U.S. stock market is opening slightly higher as a series of reports on the U.S. economy rolls out. Consumer spending had its first decline since January, dipping 0.1 percent in July, as auto buying and income growth slowed. Other economic reports due Friday include a gauge of consumer sentiment. European and Asian markets were mixed after...

  • US consumer spending dips 0.1 percent

    WASHINGTON (AP) — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday. It was the first decline in spending since January. Income growth...

  • US consumer spending dips 0.1 percent in July, first decline since January; income weak

    WASHINGTON (AP) — US consumer spending dips 0.1 percent in July, first decline since January; income weak.

Advertisement

Submit Your Business Press Release

Submit Press Release
Advertisement

Leading Lawyers

SEP
1
SEP
2
SEP
3
SEP
4
SEP
5
SEP
6
SEP
7
SEP
8
SEP
9
SEP
10
SEP
11
SEP
12
SEP
13
SEP
14
Advertisement
Advertisement
Advertisement
Advertisement