• Manitowoc says it will split into 2 companies in 2016

    Yesterday

    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...

  • Land commissioner halts huge renewable energy project

    Yesterday

    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...

  • Administration to seek $1 billion for tribal schools

    Yesterday

    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...

  • Yellowstone oil spills fuel arguments over Keystone line

    Yesterday

    BILLINGS, Mont. (AP) — Oil pipeline accidents have become increasingly frequent in the U.S. as Congress presses the Obama administration to approve the Keystone XL pipeline — a project that would pass near the spot where 30,000 gallons of crude spilled into Montana's Yellowstone River...

  • Amazon's big spending pays off in 4th quarter

    Published: Thu, Jan 29, 2015

    NEW YORK (AP) — It was a Prime quarter for Amazon. Amazon surprised investors on Thursday with a fourth-quarter profit that soundly beat expectations, despite a continued increase in spending and a slight sales miss, partly linked to the strong dollar. Investors drove shares up over...

  • Colorado Springs mortgage lender gives up 'Freedom' for new name

    By rich laden rich.laden@gazette.com -
    Yesterday

    Freedom Financial Services, a Colorado Springs mortgage lender and division of Mortgage Solutions of Colorado, has changed its name to Mortgage Solutions Financial, the company said Thursday. The change takes effect immediately and will be finalized by April 30 as the company updates...

  • Venezuelan hedge fund manager gets 13 years for fraud scheme

    Yesterday

    BRIDGEPORT, Conn. (AP) — A Venezuelan-American hedge fund manager was sentenced Thursday to 13 years in prison for running a Connecticut fraud scheme involving hundreds of millions of dollars from Venezuela's state oil company. Francisco Illarramendi expressed remorse and told the...

  • Hard Rock gets preliminary OK to enter New Jersey market

    Yesterday

    ATLANTIC CITY, N.J. (AP) — The company that has populated the globe with Hard Rock casinos and restaurants received preliminary approval to enter the Atlantic City casino market. And although the approval does not yet extend to other areas of the state where casinos may someday be...

  • McDonald's new CEO faces onslaught of competition

    Yesterday

    NEW YORK (AP) — McDonald's new boss must feel like a freshly crowned king under siege. The world's biggest hamburger chain is facing an onslaught of competition, from better-burger chains like Five Guys to brands like Chipotle that tout the superior quality of their ingredients....

  • MLK children work to settle dispute over Bible, Nobel prize

    Yesterday

    ATLANTA (AP) — The children of the Rev. Martin Luther King Jr. are trying to settle a lawsuit over their father's traveling Bible and 1964 Nobel Peace Prize without going to trial, according to a judge's order. King's estate, controlled by his sons, last year asked a judge to order...

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