<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Sat, 30 Jul 2016 23:44:07 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Truck of Angels superstar Mike Trout to be auctioned off]]> http://gazette.com/truck-of-angels-superstar-mike-trout-to-be-auctioned-off/article/feed/379046?custom_click=rss http://gazette.com/truck-of-angels-superstar-mike-trout-to-be-auctioned-off/article/feed/379046?custom_click=rss ATLANTIC CITY, N.J. (AP) — You could own a truck driven by one of the best players in the MLB.

The first car of Los Angeles Angels star Mike Trout is being auctioned off in Atlantic City.

Trout's parents bought him a pickup truck in 2007, when he was a junior at Millville High School in New Jersey.

He bought a new car after he was drafted by the Angels and sold the truck to the parents of his now-fiancee. They gave it to their youngest son, who has also been drafted by the Angels.

The families decided to auction it off at the National Sports Collectors Convention on Thursday. Trout autographed the outside of the glove compartment.

The truck is expected to sell for around $15,000.

Trout was baseball's

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]]> Sat, 30 Jul 2016 16:43:02 -0600 <![CDATA[Boulder County companies working on small housing solutions]]> http://gazette.com/boulder-county-companies-working-on-small-housing-solutions/article/1581569?custom_click=rss http://gazette.com/boulder-county-companies-working-on-small-housing-solutions/article/1581569?custom_click=rss

BOULDER — A $50,000 home in Boulder County is difficult to imagine.

But that's the goal for two local companies pitching alternative solutions to the region's affordable housing crisis: Studio Shed of Louisville and Longmont's Zometool.

The two firms make small structures that could be used for residential housing if building codes in Boulder County communities were tweaked, reported the Daily Camera (http://bit.ly/2aHI0oY).

Related: Colorado Springs quickly becoming tiny housing ‘capital of America’ as trend takes off

Studio Shed's products range from about 80 to 420 square feet. The largest offering, a 14-foot by 30-foot, starts at $19,900.

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Sat, 30 Jul 2016 12:00:25 -0600
<![CDATA[Wisconsin doubles down on dairy distinction with goat farms]]> http://gazette.com/wisconsin-doubles-down-on-dairy-distinction-with-goat-farms/article/feed/378936?custom_click=rss http://gazette.com/wisconsin-doubles-down-on-dairy-distinction-with-goat-farms/article/feed/378936?custom_click=rss

PIPE, Wis. (AP) — Wisconsin has long been as one of the nation's leaders in cow dairies, farm after pastoral farm tucked into the state's rolling hills. It's earning another milk laurel in the face of increasing demand for goat cheese and milk: the most dairy goats in the U.S. That distinction will only stand to increase when two of the largest goat dairies in the world soon begin operating in northeast Wisconsin.

It's something Larry and Clara Hedrich didn't expect when they started raising dairy goats in the 1970s as a hobby. They now milk 800 dairy goats, make award-winning cheese from cow, sheep and goat milk and boast enough capacity to process triple what they currently do.

"We're competing in our farm here in Pipe, W

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]]> Sat, 30 Jul 2016 09:57:35 -0600 <![CDATA[Officials encourage travelers not to shun Florida for Zika]]> http://gazette.com/officials-encourage-travelers-not-to-shun-florida-for-zika/article/feed/378875?custom_click=rss http://gazette.com/officials-encourage-travelers-not-to-shun-florida-for-zika/article/feed/378875?custom_click=rss

MIAMI (AP) — Florida mosquitoes have likely spread the Zika virus on the U.S. mainland for the first time, and Republican U.S. Sen. Marco Rubio says the tourism-dependent state may face an economic crisis if visitors start canceling plans to come here.

But officials in Miami and Orlando caution against panic, and the director of the U.S. Centers for Disease Control and Prevention says there are no plans to recommend limiting travel to South Florida.

Orange County Mayor Teresa Jacobs says potential visitors to Florida shouldn't think twice about coming to the Sunshine State.

Jacob's jurisdiction covers the Orlando area's major theme parks in the Orlando area.

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]]> Sat, 30 Jul 2016 02:31:21 -0600 <![CDATA[GMO wheat found in Washington state could affect US trade]]> http://gazette.com/gmo-wheat-found-in-washington-state-could-affect-us-trade/article/feed/378682?custom_click=rss http://gazette.com/gmo-wheat-found-in-washington-state-could-affect-us-trade/article/feed/378682?custom_click=rss SEATTLE (AP) — Genetically modified wheat not approved for sale or commercial production in the United States has been found growing in a field in Washington state, agriculture officials said Friday, posing a possible risk to trade with countries concerned about engineered food.

The Food and Drug Administration says genetically modified organisms, or GMOs, are safe and little scientific concern exists about the safety of those on the market. But critics say not enough is known about their risks, and they want GMOs labeled so people know what's in their food.

On Friday, President Barack Obama signed into law a bill that will require labeling of genetically modified ingredients for the first time.

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]]> Fri, 29 Jul 2016 21:19:41 -0600 <![CDATA[Ex-Guatemalan soccer chief pleads guilty in FIFA bribe case]]> http://gazette.com/ex-guatemalan-soccer-chief-pleads-guilty-in-fifa-bribe-case/article/feed/378804?custom_click=rss http://gazette.com/ex-guatemalan-soccer-chief-pleads-guilty-in-fifa-bribe-case/article/feed/378804?custom_click=rss NEW YORK (AP) — A former Guatemalan soccer federation president has pleaded guilty in New York to charges related to a sprawling corruption investigation of world soccer.

Brayan Jimenez pleaded guilty Friday to federal racketeering conspiracy and wire fraud conspiracy charges, each carrying up to 20 years in prison. It's unclear when he'll be sentenced.

The 62-year-old Jimenez is among 40 people from around the world charged in a FIFA (FEE'-fuh) bribery scandal over lucrative broadcasting rights.

Prosecutors say Jimenez accepted hundreds of thousands of dollars in bribes from a Florida-based sports marketing company.

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]]> Fri, 29 Jul 2016 18:21:06 -0600 <![CDATA[No criminal charges in probe of Curt Schilling's 38 Studios]]> http://gazette.com/no-criminal-charges-in-probe-of-curt-schillings-38-studios/article/feed/378700?custom_click=rss http://gazette.com/no-criminal-charges-in-probe-of-curt-schillings-38-studios/article/feed/378700?custom_click=rss SCITUATE, R.I. (AP) — An investigation into former Boston Red Sox pitcher Curt Schilling's failed video game company, 38 Studios, has resulted in no criminal charges, authorities announced Friday.

The yearslong investigation found "no provable criminal violations" of state law, according to a report released by the state police and the state attorney general's office. Attorney General Peter Kilmartin and state police Col. Steven G. O'Donnell said there was not enough evidence and probable cause to bring charges.

"At the end of the day, justice is getting the right result under the law, which is not necessarily the popular result," Kilmartin said. "Bad politics, bad public policy, bad business decisions simply do not always

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]]> Fri, 29 Jul 2016 17:34:31 -0600 <![CDATA[Texas hands Blue Bell potential $850K fine over listeria]]> http://gazette.com/texas-hands-blue-bell-potential-850k-fine-over-listeria/article/feed/378755?custom_click=rss http://gazette.com/texas-hands-blue-bell-potential-850k-fine-over-listeria/article/feed/378755?custom_click=rss AUSTIN, Texas (AP) — Texas fined Blue Bell Creameries for a listeria contamination last year linked to the deaths of three people, but the ice cream maker could end up paying only a fraction of the $850,000 penalty under an agreement announced Friday.

Blue Bell halted sales and issued a voluntarily recall in 2015 due to bacteria contamination that was linked 10 listeria cases in four states, drawing regulatory scrutiny from federal and state officials.

The Texas company is required to immediately pay the state $175,000, but the rest will be forgiven under the terms of the agreement if Blue Bell complies with food safeguards and reporting requirements for 18 months.

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]]> Fri, 29 Jul 2016 17:32:06 -0600 <![CDATA[Obama signs bill requiring labeling of GMO foods]]> http://gazette.com/obama-signs-bill-requiring-labeling-of-gmo-foods/article/feed/378754?custom_click=rss http://gazette.com/obama-signs-bill-requiring-labeling-of-gmo-foods/article/feed/378754?custom_click=rss

WASHINGTON (AP) — President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time.

The legislation passed by Congress two weeks ago will require most food packages to carry a text label, a symbol or an electronic code readable by smartphone that indicates whether the food contains genetically modified organisms, or GMOs.

The Agriculture Department has two years to write the rules, which will pre-empt a Vermont law that kicked in earlier this month.

Congressional passage came over the strong objections of Vermont's congressional delegation. Sens. Bernie Sanders and Patrick Leahy and Rep.

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]]> Fri, 29 Jul 2016 17:08:13 -0600 <![CDATA[Air Force seeks new land-based and air-launched nukes]]> http://gazette.com/air-force-seeks-new-land-based-and-air-launched-nukes/article/feed/378739?custom_click=rss http://gazette.com/air-force-seeks-new-land-based-and-air-launched-nukes/article/feed/378739?custom_click=rss WASHINGTON (AP) — Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force on Friday solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its air-launched nuclear cruise missile force.

The two projects are part of a broader modernization of the nuclear arsenal expected to cost hundreds of billions of dollars over 30 years. The plans have broad support in Congress, although some, including Sen. John McCain, R-Ariz., have questioned the need to replace all three "legs" of the nuclear triad — the submarines, long-range bombers and land-based missiles that were developed by the Pentagon during a Cold War arms race with the Soviet Unio

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]]> Fri, 29 Jul 2016 16:49:21 -0600 <![CDATA[3 charged in theft of $250,000 lottery ticket]]> http://gazette.com/3-charged-in-theft-of-250000-lottery-ticket/article/feed/378753?custom_click=rss http://gazette.com/3-charged-in-theft-of-250000-lottery-ticket/article/feed/378753?custom_click=rss

IOWA CITY, Iowa (AP) — An employee at an Iowa lottery retailer is charged with stealing a winning $250,000 instant scratch ticket and working with her boyfriend and mother in a clumsy attempt to claim the prize, investigators said Friday.

Prosecutors allege that Casey's general store employee Ashley Bosler, 20, found the winning ticket by scratching off a corner and scanning the bar code that confirmed it was a winner of the game's top prize.

She allegedly hadn't paid for the ticket and was too young to play, so she asked a co-worker to sign it and eventually her boyfriend, who tried to claim it. Suspicious lottery officials refused to approve the payout after noticing scribbling on the back of the ticket.

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]]> Fri, 29 Jul 2016 16:29:11 -0600 <![CDATA[Merck posts strong 2Q numbers, while building for long term]]> http://gazette.com/merck-posts-strong-2q-numbers-while-building-for-long-term/article/feed/378512?custom_click=rss http://gazette.com/merck-posts-strong-2q-numbers-while-building-for-long-term/article/feed/378512?custom_click=rss

Drugmaker Merck & Co., focused heavily on its long-term future as it builds sales of crucial new medicines Keytruda for cancer and Zepatier for hepatitis C, still posted a big jump in second-quarter profit thanks to slightly higher sales and more cost cutting.

The drugmaker is transitioning to a hoped-for new growth cycle fueled by those recently launched, potential blockbuster drugs. Meanwhile, it's trying to offset falling sales or slowing growth due to increased generic and brand-name competition for best sellers including immune disorder drug Remicade, cholesterol drugs Zetia and Vytorin, and Type 2 diabetes drug Januvia.

The second-biggest U.S.

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]]> Fri, 29 Jul 2016 15:57:07 -0600 <![CDATA[Al Gore's daughter goes to court after gas pipeline protest]]> http://gazette.com/al-gores-daughter-goes-to-court-after-gas-pipeline-protest/article/feed/378426?custom_click=rss http://gazette.com/al-gores-daughter-goes-to-court-after-gas-pipeline-protest/article/feed/378426?custom_click=rss BOSTON (AP) — Former Democratic Vice President Al Gore's daughter and other activists arrested during a natural gas pipeline protest in Boston have returned to court.

Karenna Gore, activist Tim DeChristopher and four others appeared Friday in Municipal Court. They'd previously pleaded not guilty to misdemeanor charges of trespassing and disturbing the peace following the June 29 protest. They were told to return to court Sept. 6.

They were among 23 protesters arrested for trying to block construction of Spectra Energy's West Roxbury Lateral pipeline by lying in a trench and refusing to move.

Several protesters struck deals to have charges reduced to civil infractions or serve probation. Gore and the others declined.
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]]> Fri, 29 Jul 2016 15:52:52 -0600 <![CDATA[The Latest: Schilling: Probe into company was a 'witch hunt']]> http://gazette.com/the-latest-schilling-probe-into-company-was-a-witch-hunt/article/feed/378732?custom_click=rss http://gazette.com/the-latest-schilling-probe-into-company-was-a-witch-hunt/article/feed/378732?custom_click=rss SCITUATE, R.I. (AP) — The Latest on the investigation into Curt Schilling's failed video game company finding no criminal violations (all times local):

4:45 p.m.

Former Red Sox pitcher Curt Schilling says authorities investigating the failed deal with his video game company were sent on a "witch hunt."

WPRI-TV asked the former ballplayer on Friday for his reaction to Rhode Island authorities announcing they found "no provable criminal violations" of state law after a yearslong investigation into Schilling's 38 Studios.

Schilling replied on Twitter he's "disgusted" that authorities were sent on a "witch hunt."

He says Rhode Island could have saved millions if officials realized years ago that there were no

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]]> Fri, 29 Jul 2016 15:50:01 -0600 <![CDATA[Exxon Mobil and Stericycle stumble; Alphabet and Newell jump]]> http://gazette.com/exxon-mobil-and-stericycle-stumble-alphabet-and-newell-jump/article/feed/378740?custom_click=rss http://gazette.com/exxon-mobil-and-stericycle-stumble-alphabet-and-newell-jump/article/feed/378740?custom_click=rss NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday:

Alphabet Inc., up $25.50 to $791.34

Google's parent company topped estimates in the second quarter as its revenue surged more than 20 percent.

Exxon Mobil Corp., down $1.25 to $88.95

The oil company's quarterly profit was its smallest in almost 17 years and fell short of analyst projections.

Amazon.com Inc., up $6.20 to $758.81

The online retailer posted far more profit and revenue than analysts expected. It also forecast strong revenue in the third quarter.

Stericycle Inc., down $15.66 to $90.27

The medical waste management company posted weak results and slashed its guidance due to growing competition.


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]]> Fri, 29 Jul 2016 15:46:53 -0600 <![CDATA[Stocks close mostly higher, helped by technology, oil]]> http://gazette.com/stocks-close-mostly-higher-helped-by-technology-oil/article/feed/378581?custom_click=rss http://gazette.com/stocks-close-mostly-higher-helped-by-technology-oil/article/feed/378581?custom_click=rss

NEW YORK (AP) — Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google's parent Alphabet and retailer Amazon and a modest recovery in oil prices.

However, the gains were held back by disappointing results from Exxon Mobil as well as news out of the Bank of Japan, which did not announce as much stimulus as many had hoped.

The Dow Jones industrial average closed down 24.11 points, or 0.1 percent, to 18,432.24.

The Dow was held back partly by a drop in the oil giant Exxon Mobil. The company reported its smallest quarterly profit in 17 years, well below what analysts were looking for, due to the continuing weakness in oil prices. Its major competitor, Chevron, fared slightly b

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]]> Fri, 29 Jul 2016 15:34:56 -0600 <![CDATA[Disappointing economic growth in second quarter]]> http://gazette.com/disappointing-economic-growth-in-second-quarter/article/1581523?custom_click=rss http://gazette.com/disappointing-economic-growth-in-second-quarter/article/1581523?custom_click=rss

The U.S. economy grew a sluggish 1.2 percent in the second quarter, according to government data released Friday morning, as businesses cut back on investments and dashed hopes for what economists had expected to be a major bounce-back.

The latest data shows an economy pulled in two directions, powered by fast-spending consumers but held back by anxious companies responding to a strong dollar and turmoil overseas.

Tepid growth between the months of April and June was particularly unsettling because it extended a period in which the economy appears to be gradually shifting into a lower speed. For three consecutive quarters, the gross domestic product growth - the broadest measure of output - hasn't topped 1½ percent. The

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Fri, 29 Jul 2016 15:32:14 -0600
<![CDATA[Movers & Shakers]]> http://gazette.com/movers-shakers/article/1581522?custom_click=rss http://gazette.com/movers-shakers/article/1581522?custom_click=rss Danielle Nicole Torrez of Colorado Springs has been appointed by Gov. John Hickenlooper to the Youth Seclusion Working Group, which monitors the Department of Human Services Division of Youth Corrections' use of confinement. Her term will expire Aug. 1, 2019.

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Fri, 29 Jul 2016 14:15:01 -0600
<![CDATA[Walgreens exec Steve Pemberton is champion of diverse workplaces, will speak at Colorado Tech commencement]]> http://gazette.com/walgreens-exec-steve-pemberton-is-champion-of-diverse-workplaces-will-speak-at-colorado-tech-commencement/article/1581373?custom_click=rss http://gazette.com/walgreens-exec-steve-pemberton-is-champion-of-diverse-workplaces-will-speak-at-colorado-tech-commencement/article/1581373?custom_click=rss

Workplace diversity isn't just about broadening the labor force in terms of race, gender or ethnicity; it's about recognizing that an employee's experiences can help drive corporate conversations and decision-making - ultimately for the good of the business, a Walgreens executive says.

Steve Pemberton, vice president for diversity and inclusion and chief diversity officer for Walgreens Boots Alliance - the holding company for the pharmaceutical giant - will speak Saturday to more than 1,300 graduates of Colorado Technical University, including those from the school's Colorado Springs campus. The event takes place at the Colorado Convention Center in Denver.

Pemberton, 49, is expected to talk about his difficult upbringing,

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Fri, 29 Jul 2016 09:43:33 -0600
<![CDATA[Vascular devices expand Spectranetics' second-quarter earnings]]> http://gazette.com/vascular-devices-expand-spectranetics-second-quarter-earnings/article/1581495?custom_click=rss http://gazette.com/vascular-devices-expand-spectranetics-second-quarter-earnings/article/1581495?custom_click=rss Medical-device maker Spectranetics Corp. has reported revenue of $67.7 million for the second quarter of 2016, a 10 percent increase from a year earlier.

Net loss for the period was $14.9 million, or 35 cents per share; that compares to a net loss of 17 cents per share from the same quarter in 2015. Lead-management revenue stood at $17.8 million, an increase of 3 percent.

Officials for the Colorado Springs company noted that revenue from their Vascular Intervention products - a range of laser catheters and balloons used in angioplasty procedures - saw an increase of 14 percent to $46.2 million.

"Broad-based execution and strength in our innovation pipeline drove solid second-quarter results," said Scott Drake, president

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]]> Fri, 29 Jul 2016 08:20:02 -0600 <![CDATA[Incorporations (July 6-13)]]> http://gazette.com/incorporations-july-6-13/article/1581488?custom_click=rss http://gazette.com/incorporations-july-6-13/article/1581488?custom_click=rss Incorporations

(July 6-13)

2 Mikes Mountain View Landscaping LLC - United States Corp. Agents Inc., 2381 Spring Blossom Drive.

2320 E. Boulder St. LLC - 2320 E. Boulder St. LLC, 2320 E. Boulder St.

3345 Cochran Drive Ltd. - Michael Angelo Lopez, 3375 Cochran Drive, Apt. C.

6720 Camden LLC - Jeremiah Nease, 102 N. Cascade Ave., Suite 550.

719 Landscape Design - Jackson Michael Chatterley, 2301 Afton Way.

Acadcirc LLC - Holly Ann Gukeisen, 8158 Scarborough Drive.

ANT Untited - Timothy Neuman, 1152 Greenland Forest Drive, Monument.

AR Excavation LLC - Robert Paul Whirl, 322 Mission Hill Way.

Around the World Travel and Tours Ltd. - Sarah Marie Giannini, 6465 Snowbird Drive.

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]]> Fri, 29 Jul 2016 07:30:02 -0600 <![CDATA[Power of technology on display in Monday tour stop in Colorado Springs]]> http://gazette.com/power-of-technology-on-display-in-monday-tour-stop-in-colorado-springs/article/1581489?custom_click=rss http://gazette.com/power-of-technology-on-display-in-monday-tour-stop-in-colorado-springs/article/1581489?custom_click=rss Innovators in the Colorado Springs area will soon have the opportunity Monday to see a handful of local companies from various industries discuss how they use technology to their advantage.

Monday is the first day of the Colorado Technology Association's Tech Tour, designed to build relationships among companies across the state. The group will include representatives from the association as well as various sponsor organizations throughout Colorado.

The tour's stop in Colorado Springs will feature a Tech Roundup discussion, open to the public, from 4:30 to 6 p.m. Monday at Ivywild School.

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]]> Fri, 29 Jul 2016 07:30:02 -0600 <![CDATA[Area near Penrose Hospital seen as 'ideal location' for new apartments in Colorado Springs]]> http://gazette.com/area-near-penrose-hospital-seen-as-ideal-location-for-new-apartments-in-colorado-springs/article/1581458?custom_click=rss http://gazette.com/area-near-penrose-hospital-seen-as-ideal-location-for-new-apartments-in-colorado-springs/article/1581458?custom_click=rss

A three-story, 45-unit apartment building is being proposed for a mostly vacant parcel near Penrose Hospital, another multi-family project planned for an older area of Colorado Springs.

The building, proposed by longtime local developer and general contractor Chuck Murphy, would be constructed on the southwest corner of Weber and Madison streets.

The project is expected to appeal to young professionals, millennials and empty nesters, Murphy said Thursday. Penrose employees could have a short walk to work, and renters could shop at the nearby Safeway-anchored Bonn Shopping Center.

"It's just an ideal location," Murphy said. "There's not a lot of apartments up there."

The building would include about 30 one-bedroom

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Fri, 29 Jul 2016 06:37:32 -0600
<![CDATA[Fort Carson job fair will feature 60-plus employers]]> http://gazette.com/fort-carson-job-fair-will-feature-60-plus-employers/article/1581414?custom_click=rss http://gazette.com/fort-carson-job-fair-will-feature-60-plus-employers/article/1581414?custom_click=rss

Fort Carson will host a job fair Friday, giving former and current military and their family members the chance to network with dozens of employers from a variety of industries.

Representatives from more than 60 Colorado Springs-area companies will be at the event from 10 a.m. to 2 p.m. Friday at the post's William Reed Special Events Center at 6550 Specker Ave., Fort Carson said Thursday.

The career day, put on by the Army's Employment Readiness Program, is open to all Department of Defense ID card holders.

"It puts all the employers in the same place at the same time," said Alexandra Shea, a Fort Carson spokeswoman. "These are all companies that are actively looking to hire.

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Thu, 28 Jul 2016 18:34:01 -0600
<![CDATA[Chipotle branching out, plans to open burger restaurant]]> http://gazette.com/chipotle-branching-out-plans-to-open-burger-restaurant/article/1581438?custom_click=rss http://gazette.com/chipotle-branching-out-plans-to-open-burger-restaurant/article/1581438?custom_click=rss

NEW YORK — Chipotle, still struggling to win back customers after a series of food scares, plans to open its first burger restaurant this year.

The chain known for burritos said Thursday it will open a Tasty Made location this fall in Lancaster, Ohio, which is southeast of Columbus. The menu will be limited to burgers, fries and milkshakes, it said.

Chipotle Mexican Grill Inc. already has its hands full trying to recover from the E. coli outbreak and norovirus cases that sent sales plunging starting last fall. It has been giving away coupons for free burritos and stepping up marketing to win back customers, but sales were still down 24 percent at established locations in the second quarter.

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Thu, 28 Jul 2016 16:24:52 -0600
<![CDATA[Colorado Springs Movers & Shakers: Tanan Miles]]> http://gazette.com/colorado-springs-movers-shakers-tanan-miles/article/1581425?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-tanan-miles/article/1581425?custom_click=rss

Ent Credit Union has announced the promotion of Tanan Miles to vice president of electronic banking.

Miles has more than 22 years of experience in financial services, including more than five years managing seven Ent Service Centers as a service area manager and most recently serving as Ent's director of electronic banking.

Miles holds a bachelor's degree in business management from Southern Utah University.

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Thu, 28 Jul 2016 15:36:43 -0600
<![CDATA[Colorado Springs Airport credit rating remains stable]]> http://gazette.com/colorado-springs-airport-credit-rating-remains-stable/article/1581424?custom_click=rss http://gazette.com/colorado-springs-airport-credit-rating-remains-stable/article/1581424?custom_click=rss Moody's Investors Service will be maintaining the rating on the Colorado Springs Airport revenue bonds (Baa1), with the airport's outlook remaining stable.

The outlook is based on expectations that the airport will see improved debt service coverage and no foreseeable additional debt.

A stength noted in this rating recognizes "management's demonstrated ability and willingness to make cost reductions that has resulted in sound debt service coverage and a reduced debt burden."

Three factors cited: the return of Frontier Airlines to the market; a significant increase in non-airline revenues resulting from the completed construction of three corporate hangars and leasing vacant facilities; and implementation of a new,

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]]> Thu, 28 Jul 2016 13:20:01 -0600 <![CDATA[Colorado Springs Movers & Shakers: Karla Grazier]]> http://gazette.com/colorado-springs-movers-shakers-karla-grazier/article/1581321?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-karla-grazier/article/1581321?custom_click=rss

Karla Grazier, president and CEO of Discover Goodwill, has been elected vice chair of the Board of Directors of Goodwill Industries International (GII).

GII is the association of more than 180 Goodwills internationally that in 2015 collectively served 37.3 million people, placed 312,642 people into employment and generated revenues of $5.6 billion.

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Wed, 27 Jul 2016 14:28:43 -0600
<![CDATA[Boeing's cash haul eclipses first quarterly loss since 2009]]> http://gazette.com/boeings-cash-haul-eclipses-first-quarterly-loss-since-2009/article/1581325?custom_click=rss http://gazette.com/boeings-cash-haul-eclipses-first-quarterly-loss-since-2009/article/1581325?custom_click=rss

Boeing pocketed a cash bounty from rising jetliner deliveries, comforting investors even as the planemaker reported its first quarterly loss in almost seven years.

Free cash flow in the second quarter was $2.56 billion, about $500 million more than analysts anticipated. The planemaker posted a loss of 44 cents a share excluding some pension costs as it absorbed $2.1 billion in previously announced accounting costs, according to a Boeing statement Wednesday. The quarterly shortfall was smaller than the deficit of 94 cents a share analysts had expected.

Investors were heartened that there wasn't additional bad news lurking in the earnings report after last week's announcement of writedowns tied to three aircraft programs with

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Wed, 27 Jul 2016 13:34:21 -0600
<![CDATA[SABMiller said to order halt to AB InBev integration work]]> http://gazette.com/sabmiller-said-to-order-halt-to-ab-inbev-integration-work/article/1581326?custom_click=rss http://gazette.com/sabmiller-said-to-order-halt-to-ab-inbev-integration-work/article/1581326?custom_click=rss SABMiller has suspended work on integrating the brewer's operations with that of suitor Anheuser-Busch InBev, according to a person familiar with the matter, potentially throwing the industry's biggest deal ever into disarray.

SABMiller management sent the order to employees, said the person, who asked not to be identified because the matter is private. Representatives for AB InBev and SABMiller declined to comment.

The revelation came a day after AB InBev nudged its cash bid for the British brewer up to 79 billion pounds ($103.6 billion) to account for the pound's plunge in the wake of U.K.'s vote last month to leave the EU. That followed pressure from investors who said the deal was unacceptable because stockholders weren't

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