Business

Meta raises $10 billion in first-ever bond offering

FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. (Reuters) – Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The offering would help Meta, the only one […]

Business

Colorado gas utilities must craft “clean heat” plans to cut greenhouse gas emissions

A crackdown on emissions from the delivery of natural gas to homes is part of the state’s push to rein in overall greenhouse-gas pollution, but one company questions whether it will mean a ban on new gas lines in Colorado. The Public Utilities Commission is holding public meetings across the state on proposed rules requiring […]

Business

JetBlue agrees to buy Spirit for $3.8B after bidding war – The Denver Post

By DAVID KOENIG and MICHELLE CHAPMAN JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines […]

Business

Scythe Robotics wants to build automated mowers at a new Longmont factory

Longmont-based Scythe Robotics needs more space to handle about 7,000 reservations it has received for its automated robotic lawn mowers that landscaping contractors across the country are clamoring to get their hands on. After weighing whether to use offshore production or build a factory in either Florida, Texas or Colorado, the startup decided to stay […]

Business

Spirit, Frontier end merger bid, paving way for JetBlue deal – The Denver Post

By DAVID KOENIG Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit. Spirit, the largest budget carrier in the United States, said it was still in discussions with JetBlue “and expects to provide a further update in the near future.” The decision by […]

Business

Hyundai Motor, South Korea union agree 9% wage hike deal

SEOUL (Reuters) -Hyundai Motor Co and a union representing its South Korea workforce have sealed a wage deal that will boost annual pay by about 9% just days after the automaker committed to building its first new Korean car plant in nearly 30 years.FILE PHOTO: The logo of Hyundai Motor Company is pictured at the […]

Business

Aurora brings in new businesses, housing for a growing population

The cost of the land in Phoenix, Ariz., and the value for what they would get just wasn’t adding up to developer Bill Wichterman and his partners. So, in 2005, they gave up on building their commercial mixed-use development project there. But, a year later, they settled on a new site for Porteos: Aurora, near […]

Business

IMF says China needs more fiscal, monetary support to fight COVID slowdown

FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic […]

Business

Average U.S. gasoline price falls 19 cents to $4.86 per gallon – The Denver Post

CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also fall. “Assuming oil prices do not shoot up from here, motorists may see […]

Business

Nervous staff and no bankers: Western firms struggle to exit Russia

HELSINKI (Reuters) – For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a powerful warning: Move fast or else.Paulig’s Chief Executive Officer, Rolf Ladau, poses in this handout picture from 2021 obtained by Reuters on July 1, 2022. […]