Business News

Spectranetics reaches agreement with former executives to limit legal expenses

WAYNE HEILMAN

Spectranetics Corp. told stockholders Thursday it has reached agreements with two former executives now on trial in Denver that put a limit of $2.43 million on further legal expenses for which Spectranetics will reimburse the two. The Colorado Sprin... Full story

Frontier announces new Springs flights, $49 tickets

WAYNE HEILMAN

Frontier Airlines announced Thursday it will launch nonstop flights in May from Colorado Springs to Los Angeles, Phoenix, Seattle  and Portland, Ore., the largest expansion of air service in Colorado Springs in more than a decade. “Passen... Full story

Report: Apple to unveil new iPad in March

NEW YORK — A news report says Apple plans to unveil a new iPad early next month. AllThingsD, a website affiliated with The Wall Street Journal, says Apple Inc. is holding an event in San Francisco the first week of March — the same week ... Full story

Deal reached over foreclosure abuses; Colorado to get $204.6M

WASHINGTON — Colorado and other U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal T... Full story

Kodak to stop making cameras, digital frames

ROCHESTER, N.Y. — Eastman Kodak Co. said Thursday that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era for the company that brought photography to the masses more than a century ag... Full story

US unemployment aid applications near 4-year low

WASHINGTON — The number of Americans seeking unemployment aid neared a four-year low last week, an encouraging sign that strong hiring could continue in the coming months. The Labor Department said Thursday that weekly applications for un... Full story

Coffee makers recalled over burn risk

WASHINGTON — Home-brewed coffee lovers, take note: More than a million coffee makers are being recalled after dozens of reports of the brewers spraying hot liquid, coffee grounds or tea leaves onto people. The Consumer Product Safety Commiss... Full story

Make My Day law for Colorado businesses debated

IVAN MORENO

DENVER — Republicans moved forward with a proposal to let businesses use deadly force against intruders, one of a handful of GOP proposals being heard Thursday aimed at expanding gun rights. The Republican-controlled House approved the bi... Full story

FBI: File on Steve Jobs details negative reputation

SAN JOSE, Calif. — The Federal Bureau of Investigation on Thursday released a file it kept on Apple Inc. co-founder Steve Jobs, in which interview subjects contacted on a background check discussed his previous drug use and tendency to "twist... Full story

Local apartment rents continue to hover near record high

RICH LADEN

Rents at Colorado Springs-area apartments hovered near a record high late last year — part of a two-year climb in renter costs that’s expected to continue as demand for multi-family properties remains strong, industry experts say. Monthl... Full story

Hiring begins as April opening eyed for Mining Exchange Hotel

ANDREW WINEKE

It’s been a long, long road for the Mining Exchange Hotel in downtown Colorado Springs, but a springtime opening seems to be in the cards now. The hotel, at 8 S. Nevada Ave., on Wednesday began accepting group reservations for dates in June an... Full story

Attorney General again expresses concerns over county oil and gas regulations

ANDREW WINEKE

The Attorney General's Office, acting on behalf of the Colorado Oil and Gas Conservation Commission, today sent El Paso County a letter raising concerns with the county's newly adopted oil and gas regulations. At issue is the county's plans for grou... Full story

Greccio adds 36 apartments to its affordable housing portfolio

BILL RADFORD

Greccio Housing, a nonprofit organization that serves low-income families and individuals in the Pikes Peak region, has added 36 apartment units to its affordable housing portfolio with the purchase of Uintah Park and Terrace Apartments. With the pu... Full story

Vestas warns on profits; chairman resigns

COPENHAGEN, Denmark — The chairman of Vestas Wind Systems A/S, the world’s largest maker of wind turbines in terms of revenue, announced he will step down after the company said last year’s profits were substantially below target. ... Full story

Springs part of effort to land federal drone test site

Three business and aviation groups in Colorado, including the Greater Colorado Springs Chamber and EDC, have formed a partnership to pursue one of six new federal training sites for remotely piloted aircraft or drones. The Chamber and EDC, along wit... Full story

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