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  • Consol tops 4Q profit forecasts

    CANONSBURG, Pa. (AP) — Consol Energy Inc. (CNX) on Friday reported fourth-quarter net income of $73.7 million. On a per-share basis, the Canonsburg, Pennsylvania-based company said it had profit of 32 cents. Earnings, adjusted for non-recurring gains, came to 25 cents per share. The results topped Wall Street expectations. The average...

  • Lilly beats Street 4Q forecasts

    INDIANAPOLIS (AP) — Eli Lilly and Co. (LLY) on Friday reported fourth-quarter net income of $428.5 million. On a per-share basis, the Indianapolis-based company said it had profit of 40 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 75 cents per share. The results surpassed Wall...

  • Xerox beats 4Q profit forecasts

    NORWALK, Conn. (AP) — Xerox Corp. (XRX) on Friday reported fourth-quarter profit of $156 million. The Norwalk, Connecticut-based company said it had profit of 13 cents per share. Earnings, adjusted to account for discontinued operations and amortization costs, were 31 cents per share. The results surpassed Wall Street expectations. The...

  • Smart Spending: Why investors are applauding Amazon earnings

    NEW YORK (AP) — Amazon.com Inc.'s fourth-quarter earnings roundly beat analyst expectations, sending the Seattle e-commerce giant's stock soaring 11 percent in premarket trading Friday. Here's a closer look at what investors applauded and hope continues. SMART SPENDING Operating expenses rose 15 percent to $28.74 billion but that was less...

  • Thousands of high-paying jobs coming to Colorado Springs?

    In one of the more upbeat business forecasts in recent years, a top economic development official said Thursday that Colorado Springs is in the running to snag employers who could bring as many as 2,000 high-paying jobs to town - part of a recent upswing in interest in the Pikes Peak region by companies big and small. Andy Merritt, the...

  • Businesses stay clear of using Super Bowl name

    PHOENIX (AP) — It is the game that must not be named — at least not without permission. For most people, the game Sunday between the New England Patriots and Seattle Seahawks is the Super Bowl. But for many business owners, it's simply the "big game" or "game day." Radio hosts are tripping over their tongues and airport signs are carefully...

  • The White House rescinds middle-class tax hike idea

    The White House announced Tuesday - one week after President Barack Obama's big speech - that it has chickened out on his big proposal to impose a new tax on 529 college savings plans. The 529 account resembles the Roth IRA. Savers make post-tax contributions and invest them. The gains from those investments are not taxed when they are...

  • Colorado Springs real estate continues its ups and downs

    Not all Colorado Springs real estate is created equal - at least, in the aftermath of the Great Recession. Area home sales and prices rose last year and seem to be on track for a solid start in 2015. The local apartment market was hot in 2014 and shows no signs of reversing course. Commercial real estate, however, is a mixed bag; shopping...

  • MOVERS & SHAKERS

    Victoria Horne has joined Colorado Springs advertising firm Blakely + Company as an account executive. Horne has more than six years of experience in advertising, marketing, research and media buying, most recently with Omnicon Media Group in New York City. get More, submit item See Sunday's Business section for more Movers & Shakers. To...

  • Colorado Springs company has second layoff in three months

    Diamond Wire Material Technologies, a Colorado Springs-based diamond-wire cutting business, laid off 43 employees Wednesday, its second major cutback in the past three months. The reduction leaves Diamond Wire with about 150 employees who develop and manufacture the wire, which is used in the solar, optical and semiconductor industries, said...

  • Builder projects 18-month delay for nuclear plant in Georgia

    ATLANTA (AP) — Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday. The latest delay at Plant Vogtle is another setback for a project that was supposed to prove nuclear...

  • Senate passes bill approving Keystone XL oil pipeline

    WASHINGTON (AP) — The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top priority of the newly empowered GOP, and marked the...

  • Google's 4Q earnings disappoint, but CFO eases the letdown

    SAN FRANCISCO (AP) — Google has gotten into the habit of missing analysts' earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn't pouring so much money into far-flung projects such as Internet-connected eyewear and driverless cars. The latest letdown came Thursday with the release of...

  • Investors crave Shake Shack: IPO prices above expected range

    NEW YORK (AP) — Investors apparently have a craving for a better burger. Hamburger chain Shake Shack Inc. has priced its initial public stock offering at $21 per share, above its proposed range of $17 to $19 per share. It sold 5 million shares, raising $105 million. The banks managing the deal may buy 750,000 more shares. Shake Shack cooks...

  • Shares of Hawaiian Airlines parent fall after 1Q outlook

    DALLAS (AP) — Shares of Hawaiian Airlines' parent fell sharply in extended trading Thursday after the company said a key revenue measure would decline in the first quarter. The strengthening of the dollar has reduced revenue that Hawaiian earns on tickets it sells in Asia, and the company also expects lower fuel surcharges on international...

  • Exploding air bag may have killed Texas man

    HOUSTON (AP) — Federal safety regulators are looking into the death of a Texas man who may be the latest victim of exploding automobile air bags made by Takata Corp. of Japan. The man, identified by authorities as Carlos Solis, 35, died in a low-speed crash in the Houston area when an air bag inflated and sent shrapnel into his neck, U.S....

  • Dartmouth bans hard liquor, takes steps to prevent rape

    HANOVER, N.H. (AP) — Dartmouth College banned hard liquor on campus Thursday and said all students will have to take part in a sexual violence prevention program all four years they are at the Ivy League school. Dartmouth has long tried to move past its hard-partying reputation, but the latest steps come amid a national furor over sexual...

  • Land commissioner halts huge renewable energy project

    ALBUQUERQUE, N.M. (AP) — New Mexico Land Commissioner Aubrey Dunn has put the brakes on a $2 billion transmission project that would carry electricity generated by renewable resources in New Mexico and Arizona to markets across the West. Dunn announced late Wednesday that he was issuing a 60-day suspension after meeting with the developers....

  • Manitowoc says it will split into 2 companies in 2016

    NEW YORK (AP) — Crane-maker and food service company Manitowoc said Thursday it will split itself in two, a move encouraged by activist investors. Manitowoc said it plans to spin off the food service business, which had $1.6 billion in revenue in 2014 and makes equipment including ice, beverage, refrigeration, food preparation, and cooking for...

  • Administration to seek $1 billion for tribal schools

    WASHINGTON (AP) — The Obama administration says it will ask Congress for $1 billion next year to run schools for Native American children — including millions in new money to help fix crumbling buildings. The request — $150 million more than in this year's budget — sets aside $58 million in new funding for school construction and $18 million...

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