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. […]

Business

Colorado Avalanche fans buy team gear early, often after Stanley Cup win

Colorado Avalanche fans didn’t wait until the morning after to load up on new team gear in celebration of the team’s Stanley Cup win. The Dick’s Sporting Goods stores that were open Sunday night were plenty busy. “Avs fans have been passionate this entire year and then last night they really showed their true colors,” […]

Business

Improving Investor Behavior: Mindsets during volatile times

If you’re an investor (and I hope you are), it’s probably time for a mental check-in. How are you today? How do you feel about everything going on in the world? There are many reasons to be fearful or upset: Stocks are in a “bear market,” including well-known blue-chip companies. Bonds are getting pummeled. Inflation […]

Business

Australian Federal Court approves Blackstone's $6.3 billion Crown Resorts deal

FILE PHOTO: Crown Resorts Ltd’s flagship tower nears completion at Barangaroo, Sydney, Australia, April 17, 2020. REUTERS/Stephen Coates/File Photo(Reuters) -Australia’s Federal Court approved on Wednesday the $6.3 billion acquisition of the country’s largest casino operator Crown Resorts Ltd by U.S. private equity giant Blackstone Inc. The approval follows nods from state regulators in Western Australia […]