Denver-based Biofuel Energy Corp. will shut down a plant in Minnesota, said the Denver Business Journal. The company cites weakening profit margins for the move, saying the company will remain idle until corn prices are better. A drought in the Midwest let to lower-than-expected corn yields this fall. A plant in Nebraska will continue to […]
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Oil companies are growing concerned about proposed buffer zones in Colorado, reports the Coloradoan. A company planning to drill in Windsor said any new setbacks that increase the distance wells can be from homes could put it out of business. Currently, the setbacks are 350 feet from a home and 150 feet in rural areas. […]
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Personal income grew by 1 percent in Colorado during the second quarter, said the Denver Business Journal. The news comes from a U.S. Bureau of Economic Analysis study, which showed personal income for the entire national also grew at a 1 percent increase. It’s still not enough to make up losses from the first quarter, […]
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Apple has sold 5 million iPhones is the first few days of selling its newest phone, said Los Angeles Times. That’s less than analysts expected, and its stocks were down on the news. The phone went on sale Friday in the United States, Japan and several European countries. It might have sold more had more […]
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Boeing Co. has won a $1.9 billion contract from the U.S. Navy to build maritime surveillance planes, said the Chicago Tribune. About three-quarters of the work on the P-8 Poseidon multi-service aircraft will be done in Seattle, the company said. It’s the third batch of surveillance planes ordered by the Navy, with 24 now under […]
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U.S. investors are buying bonds from the Treasury Department at higher rates than their foreign counterparts for the first time since 2010, reports Bloomberg. Doubts about U.S. economic recovery are sending investors flocking to treasuries, even as public debt reaches $16 million. U.S. investors rose 10.7 percent in the first eight months of this year, […]
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So far, Abound Solar’s online auctions have netted the company cash – but no one is saying how much money, reports the Northern Colorado Business Report. Abound is holding a series of online auctions to sell manufacturing goods, research-and-development items and testing equipment. The next auctions are Oct. 1 and 2. The company, which has […]
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A new report is showing that economic recovery has stalled in Colorado, said the Denver Business Journal. Brookings Mountain West’s latest report shows that Denver and Colorado Springs took a hit in the second quarter. Denver dropped to 40 on the rankings of top economic cities, and Colorado Springs dropped to 75, down from 55 […]
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Car sales up in Colorado

Demand for new cars and trucks is up in Colorado, and is much higher than the nation as a whole, said the Denver Business Journal. The Colorado Automobile Dealers Association is reporting that the sale of new cars and truck sis up 20.6 percent for the first eight months of the year. Nationally, vehicle registrations […]
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Engineers at SpaceX are getting ready for its first contracted resupply flight to the International Space Station, reports the Los Angeles Times. SpaceX will launch its Dragon spacecraft on Oct. 7, filled with about 1,000 pounds of supplies. The company has a $1.6 billion contract to take cargo to the space station in 12 flights. […]
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American Airlines pilots took to the picket lines this week, protesting cuts in pay and benefits, and supporting a merger with United Airlines, said the Chicago Tribune. Pilots are picketing at O’Hare International Airport and American has canceled hundreds of flights, saying pilots are partly to blame for the cancellations. About 200 pilots are part […]
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Apple is ready to sell 10 million iPhone 5 devices, said Bloomberg, and officials are worried they won’t be able to keep up with demand. Customers lined up around the globe to purchase the latest edition of the iPhone, one of Apple’s most popular products. Global sales started today at 8 a.m. in Sydney, Australia, […]
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