Business News

P&G to add latches to make detergent packs safer

DALLAS — The maker of Tide Pods will create a new double-latch lid to deter children from accessing and eating the brightly colored detergent packets, a company spokesman said Friday. Procter & Gamble spokesman Paul Fox said the Cincinna... Full story

Dragon capsule docks at space station in historic first

CAPE CANAVERAL, Fla. — The privately bankrolled Dragon capsule made a historic arrival at the International Space Station on Friday, triumphantly captured by astronauts wielding a giant robot arm. SpaceX is the first private company to accompl... Full story

Typical CEO made $9.6M last year, AP study finds

NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive p... Full story

Emotions run high at oil and gas hearing

ANDREW WINEKE

A hearing on how the city should regulate oil and gas development produced some strong emotions Thursday night, but also some potential direction for City Council. About 40 people wrestled with subjects from zoning to setbacks to impact fees. Althou... Full story

Lockheed to hire temporary workers to fill in for strikers

FORT WORTH, Texas — Lockheed Martin on Thursday turned up the pressure on striking Machinists union members, announcing it would begin hiring temporary replacement workers to fill aircraft production jobs. A handful of workers were being broug... Full story

Green companies raise profile at Business Expo

ANDREW GIBSON

Visitors to the 2012 Springs Business Expo were seeing green Thursday — and it wasn’t just the green exterior of the Freedom Financial Services Expo Center. The annual expo is designed to help companies from various industries connect wi... Full story

Rancho Liborio grocery store closes its doors

RICH LADEN

Rancho Liborio, a specialty grocery on Colorado Springs’ south side, has closed its doors permanently. Signs were posted Wednesday at one of the Rancho Liborio entrances, 1660 S. Circle Drive, announcing the store was closed and that bids were... Full story

Regulators approve sale of Colorado Grande Casino

WAYNE HEILMAN

A limited liability company formed by the managing partner of Johnny Nolon’s Casino plans to complete its purchase of the Colorado Grande Hotel & Casino on Friday after state regulators approved the deal Thursday. G Investments LLC, headed... Full story

Bank earnings rise to a nearly five-year high

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released Thu... Full story

30-year mortgage rate falls to another record low

WASHINGTON — The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year. Mortgage buyer Freddie Mac said Thursday that the rate on the 3... Full story

Permits to build single-family homes in Colorado up

DENVER — Interest in building homes in Colorado appears to be growing. State housing officials say that through the first three months of this year, permits for single-family home construction in Colorado are up 34 percent compared with the ... Full story

Sundrop Fuels plans nation's first 'green gasoline' plant

Longmont-based Sundrop Fuels announced on Wednesday that it and ThyssenKrupp Uhde will build the nation’s first commercial “green gasoline” plant. The plant will be located near Alexandria, La., and will yield up to 50 million gall... Full story

HP cutting 27,000 jobs to save up to $3.5B annually

SAN FRANCISCO — Hewlett-Packard plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers. The cuts announced Wednesday represent HP’s... Full story

Oakwood completes purchase of portion of Banning Lewis

RICH LADEN

Oakwood Homes completed its purchase Wednesday of 2,600 acres of the northern portion of the Banning Lewis Ranch in Colorado Springs, breathing new life into a property beset by the financial troubles of previous owners. The Denver-based company, on... Full story

Passenger traffic at Springs airport falls in March

Passenger traffic at the Colorado Springs Airport declined in March for a 10th consecutive month, but it isn't likely to continue dropping for much longer. Traffic in March fell 3.7 percent from a year earlier to 64,249 as passenger numbers reported... Full story

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