Top News & Analysis Denver

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • NEW YORK, Aug 30- U.S. consumer confidence rose to an 11- month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year. "This will likely be interpreted as more evidence that the U.S. economic recovery is back on track following the missteps earlier this...

  • NEW YORK, Aug 30- U.S. consumer confidence rose to an 11- month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year. "This will likely be interpreted as more evidence that the U.S. economic recovery is back on track following the missteps earlier this...

  • NEW YORK, Aug 30- U.S. single-family home prices rose slightly less than expected on an annual basis in June, and were down from the prior month, a survey showed on Tuesday. "Overall, residential real estate and housing is in good shape," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. Home prices in three U.S. cities-...

  • *East& West Coast refiners may import more foreign crude. NEW YORK/ HOUSTON, Aug 12- It may seem odd that the opening of one pipeline crossing through four U.S. Gulf Coast refiners and North Dakota oil producers will reap the benefits.

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  • *To shut production sites in Denver, Cape Town. FRANKFURT/ DUESSELDORF, Aug 11- SMA Solar, Germany's top solar power equipment maker, will shut down production sites in Denver and Cape Town, citing pricing pressure from Chinese rivals that seek to dump their products outside their collapsing home market. "The acceleration of price pressure in the solar industry has...

  • *Saudi oil production hits record high in July- OPEC. Adding to renewed worries about a global crude glut, top crude exporter Saudi Arabia told the Organization of the Petroleum Exporting Countries that the kingdom's output reached a record high of 10.7 million barrels per day in July. "At this time of year, we should be drawing down in crude inventories, and we are...

  • Data showing Saudi Arabia pumping oil at record high volumes in July added to worries about a global crude glut. U.S. crude inventories gained 1.1 million barrels in the week ended Aug. 5, the U.S. Energy Information Administration reported, in a third straight week of builds that surprised the market. "We do feel that any further strength in the spot price will be met...

  • NEW YORK, Aug 10- Oil prices rose as much as 1 percent on Wednesday in anticipation the U.S. government would report a weekly drop in crude and gasoline stockpiles, tempering glut worries heightened by Saudi Arabia's record high oil output. Analysts expect the U.S. Energy Information Administration to cite a drawdown of about 1 million barrels each in both...

  • *Genscape data shows Cushing draw above 89,000 bbls- traders. *Cushing data adds to momentum from U.S. gasoline drawdown. NEW YORK, Aug 4- Oil prices rose nearly 3 percent on Thursday, with U.S. crude advancing firmly above the $40- per-barrel mark on short-covering and after a modest stockpile drop at the delivery hub for U.S. crude futures.

  • NEW YORK, July 28- Janus Capital Group Inc on Thursday said it plans to launch its first bond exchange-traded fund this year, shifting legendary bond investor Bill Gross' co-manager into a new role. The Janus Short Duration Income ETF, which will be actively managed in part by Kumar Palghat, will aim to deliver returns of 2 to 3 percent above the benchmark...

  • July 27- Whiting Petroleum Corp, North Dakota's largest oil producer, posted a worse-than-expected quarterly loss on Wednesday as production fell and crude prices dropped. Whiting posted a second-quarter net loss of $301 million, or $1.33 per share, compared with a net loss of $149.3 million, or 73 cents per share, in the year-ago period. Excluding $1.4 million in...

  • LONDON, July 27- SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. Still, AB InBev's U.S.-listed shares fell 3 percent and shares of Molson Coors, which is set to take over SAB's U.S. operations, fell 5...

  • NEW YORK, July 27- Oil prices tumbled 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged on weak demand during the peak summer driving season. The U.S. Energy Information Administration said crude stockpiles soared 1.7 million barrels last week, instead of falling 2.3 million barrels as forecast.

  • NEW YORK, July 27- Oil prices tumbled 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks. The U.S. Energy Information Administration said crude stockpiles soared 1.7 million barrels last week, instead of...

  • LONDON, July 27- SABMiller has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, according to two sources familiar with the matter. Still, AB InBev's U.S.-listed shares fell nearly 4 percent and shares of Molson Coors, which is set to take over SAB's...

  • NEW YORK, July 27- Oil prices tumbled as much 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks. The U.S. Energy Information Administration said crude stockpiles rose 1.7 million barrels last week, instead of...

  • NEW YORK, July 27- Oil prices tumbled 2 percent on Wednesday, hitting two-month lows, after a surprise build in U.S. crude and gasoline inventories despite the peak summer driving season as refiners cut production amid faltering demand and profits. The U.S. Energy Information Administration said crude stockpiles rose 1.7 million barrels last week, instead of...