About two dozen couples, individuals and corporations have poured millions into the super political action committees for the Republican party candidates, reports the New York Times, apparently changing and influencing the presidential race. Collectively, their total contributions equal $50 million in this election cycle. They have few Democratic counterparts, at least so far. The contributors […]
General Motors reported its largest annual profit in its history, even as European crisis dragged down fourth quarter profits, reports the New York Times. GM’s quarterly profit was $472 million, which is lower than the fourth quarter 2010. However, the company’s 2011 total profit was $7.6 billion, nearly all of it from North American sale.s […]
The 131-year-old film pioneer – once employing thousands – has filed for bankruptcy, according to the New York Times. The company has struggled for years to find a place in the world of digital cameras. But the company has only posted a single year of profits since 2004. Read more at the New York Times.
Colorado’s regulators have closed Earth Medicine a medical marijuana company that is being investigated by the federal government for illegally operating a black-market marijuana growing facility. Earth Medicine had not applied for a state license, and the federal government raided it last month. The state says the dispensary was in “non-compliance,” according to the Denver […]
Goldman Sachs and Morgan Stanley are considering a shift from fair-value accounting practices for some loans after losses this year, reports Bloomberg. The change to accounting at original costs would affect investment-grade commitments, the companies said. Morgan Stanley has $55.1 billion in investment-grade loans and Goldman has $51.6 billion. The decision has not yet been […]
Colorado’s oil and gas industry uses enough water for 79,000 homes – every year, said the Denver Post. A study done by the Western Resource Advocates shows that the industry uses between 22,100 and 39,500 acre feet a year, just about enough to meet the needs of Douglas County residents, the study said. Read more […]
AT &T, Vertizon and T-Mobile say they need a larger share of radio waves that carry cell phone calls and wireless data, according to the New York Times. The wireless carriers say that in the next few years they may not have enough of it to meet the exploding demands for mobile data. And the […]
Colorado ranks 11th in the nation for average pay, according to the Denver Business Journal. Workers in the state earned an average of $47,510 in 2011, said the U.S. Bureau of Labor Statistics. That amounts to $22.84 an hour. Read more at the Denver Business Journal.
A Colorado oil company wants to build a pipeline from North Dakota to a hub in northern Minnesota, said the Denver Post. Saddle Butte Pipeline is hoping to build the 450-mile pipe to move 150,000 barrels of oil a day. Read more at the Denver Post.
The Legislature killed a bill yesterday that would have created a navigator in each department to help businesses comply with regulations, reports the Denver Business Journal. Business owners have frequently complained that the state system is cumbersome and they have a hard time cutting through the red tape. But Republican lawmakers didn’t think the bill […]
All applications used in Facebook’s app center must have a written policy about what information is collected and shared, said the Los Angeles Times. The move is designed to protect users who access apps on mobile phones and netbooks. Read more at the Los Angeles Times.
Several Colorado cities are suing online travel companies, saying that the companies are not paying the cities’ lodging and sales taxes, said the Aspen Daily News. Vail and Telluride have already signed on to the suit started by Breckenridge. Aspen is considering joining the class action suit. The suit names 21 defendants – Expedia, Hotels.com, […]