Business News

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

County hopes to kickstart mothballed housing projects

BARBARA COTTER

Local builders may not be ready to take on residential developments at the same frenetic pace they did during the housing boom, but county officials want to help them move forward on at least a portion of approved projects that were mothballed when t... Full story

Frontier Airlines wants to look more like Allegiant

NEW YORK — The chief executive at Republic Airways Holdings Inc. says he's trying to make the airline's money-losing Frontier Airlines unit more like lower-cost rivals Spirit Airlines and Allegiant Travel Co. But he's not going all the wa... Full story

Four Yahoo board members, including chair, leaving

SAN FRANCISCO — Yahoo Chairman Roy Bostock and three longtime board members are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the Internet comp... Full story

Visit every Pikes Peak attraction in a week? It's possible

ANDREW WINEKE

Seen it all? Think there’s nothing left to do or see around here? Chelsy Murphy begs to differ. Last summer, Murphy, the public relations manager for the Colorado Springs Convention and Visitors Bureau, recruited two friends to see, visit and ... Full story

Job openings jump to nearly a 3-year high

WASHINGTON — The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring. Companies and governments posted 3.38 million jobs in December, the L... Full story

Wal-Mart debuts 'Great for You' seal

NEW YORK — You may like the food you buy, but is it "Great for You"? Wal-Mart Stores Inc. plans to help its customers figure that out by adding a new green icon that reads "Great for You" to packaging of some of its house-brand foods. The gre... Full story

CFO of Denmark's Vestas Wind Systems resigns

DENVER — The chief financial officer of Vestas Wind Systems A/S is resigning.The company said in a brief written statement that the board received a briefing Tuesday about the conditions that have led to recent profit warnings, and as a result,... Full story

Former developer of USOC building arrested for theft and racketeering

WAYNE HEILMAN AND DANIEL CHACÓN

High-profile Colorado Springs developer Ray Marshall was arrested Friday on two charges of theft and another racketeering charge for allegedly stealing more than $1 million in grant funds intended to pay for a new headquarters for the U.S. Olympic Co... Full story

Council president involved in legal battles over foreclosure

WAYNE HEILMAN AND DANIEL CHACÓN

City Council President Scott Hente is embroiled in a lawsuit with one of the largest banks in El Paso County over a foreclosed property he and a business partner planned to develop in northeast Colorado Springs. Northern Lights LLC, a limited liabil... Full story

Mike Shaw named Time Dealer of the Year

Denver auto dealer Mike Shaw was honored as 2012 Time Dealer of the Year on Saturday during the 95th annual National Automobile Dealers Association Convention & Exposition in Las Vegas. Recipients of the award, which is sponsored by Time magazine... Full story

Sports Authority plans store at Broadmoor Towne Center

RICH LADEN

Sports Authority plans to open a store in the shuttered Borders Books & Music space at the Broadmoor Towne Center on Colorado Springs’ southwest side. The Englewood-based sporting goods retailer, which has about 450 stores nationwide, has ... Full story

Report: Casinos generated $125B spending in 2010

LAS VEGAS — A report shows U.S. casinos and the industries that depend on them made a $125 billion economic splash in 2010 — the equivalent of 1 percent of the total U.S. gross domestic product. The study released Monday by the American ... Full story

Gas prices edge up, but still a bargain relatively

BILL RADFORD

Gas prices edged up last week in Colorado Springs, but remain a bargain compared to much of the state and the nation. The average price of a gallon of regular unleaded Monday in the Springs was $2.985, according to AAA’s Daily Fuel Gauge Repor... Full story

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