More Business Articles

  • Very bad week: Airline disasters come in a cluster

    Updated: 1 hr ago

    WASHINGTON (AP) — Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst weeks in memory, a cluster of disasters...

  • Aviation officials to meet on plane shot down

    Updated: 1 hr ago

    WASHINGTON (AP) — An aviation official says global aviation leaders will meet in Montreal next week to initiate discussions on a plan to address safety and security issues raised by the shoot-down of a Malaysia Airlines jet over eastern Ukraine, as well as two other air crashes. The...

  • Visa posts higher 3Q profit, revenue

    Updated: 3 hr ago

    FOSTER CITY, Calif. (AP) — Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. The payments processor's latest financial results beat or matched Wall...

  • Spectranetics' devices win FDA approval, but second quarter brings losses

    By Elise Schmelzer elise.schmelzer@gazette.com -
    Updated: 3 hr ago

    Disrupted sales caused by the integration of recently purchased AngioScore led to continued net losses for Colorado Springs-based Spectranetics, but company executives expect the acquisition and Wednesday's governmental approval of two new products - a $750 million international market...

  • Judge strikes down Longmont fracking ban

    The Associated Press
    Updated: 3 hr ago

    LONGMONT, Colo. (AP) — A district judge has struck down Longmont's voter-approved ban on hydraulic fracturing, but stayed her decision while the city considers an appeal. Judge D.D. Mallard ruled Thursday that the ban conflicted with state regulations and Colorado's interest in...

  • Air Force Academy vision includes raising tourist levels to pre-9/11 numbers

    By TOM ROEDER tom.roeder@gazette.com -
    Updated: 4 hr ago

    The Air Force Academy's visitor center would move outside the gates of the 18,500-acre campus under a plan tied to the Colorado Springs City for Champions proposal. The academy announced Thursday that the $20 million attraction would be located just east of the academy's northern...

  • Cruz demands answers on FAA flight ban to Israel

    Updated: 4 hr ago

    WASHINGTON (AP) — Sen. Ted Cruz vowed Thursday to continue blocking confirmation of a series of ambassadorial and other diplomatic nominees despite the Federal Aviation Administration lifting a ban on U.S. airline flights to Israel. The State Department criticized the Republican...

  • Obama: Plane stiffens Europe's spine on sanctions

    Updated: 4 hr ago

    WASHINGTON (AP) — President Barack Obama says the downing of a passenger jet in Ukraine "may stiffen the spine of our European partners" as they consider additional sanctions against Russia. Obama welcomed Europe's earlier sanctions against Russia, but says the actions have come...

  • Amazon shares fall on 2Q loss

    Updated: 4 hr ago

    SEATTLE (AP) — Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue. Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its...

  • Proxy adviser says Sprint CEO was paid too much

    Updated: 4 hr ago

    NEW YORK (AP) — Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse's $49 million 2013 pay package, saying it's excessive and not tied to performance. Hesse got a special $18.7 million "retention"...

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