Top News & Analysis Denver

  • The unit, whose onshore operations span five states- Colorado, New Mexico, Oklahoma, Texas and Wyoming- and seven oil and gas basins, has average daily net production of about 300,000 barrels of oil equivalent. Denver is a logical- and strategic- place for us to be and a natural fit for our business, " BP Lower 48 Chief Executive David Lawler said. A number of employees from...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday left in place a Colorado law dubbed the "Amazon tax" designed to make it easier for the state to collect sales taxes on out-of-state internet purchases, refusing to hear a challenge to it by an industry trade group. The justices declined to take up the Direct Marketing Association's appeal of a February ruling by...

  • WASHINGTON, Dec 12- The U.S. Supreme Court on Monday left in place a Colorado law dubbed the "Amazon tax" designed to make it easier for the state to collect sales taxes on out-of-state internet purchases, refusing to hear a challenge to it by an industry trade group. The justices declined to take up the Direct Marketing Association's appeal of a February ruling by...

  • LOS ANGELES, Nov 28- Drivers for ride service company Uber will join planned nationwide protests on Tuesday, when activists and low-wage workers renew their call for better pay and the right to join a union in the wake of Donald Trump's U.S. presidential election win, organizers said. Hundreds of Uber drivers in two dozen cities, including San Francisco, Miami and...

  • Nov 18- Cybersecurity company Optiv Security Inc, majority owned by Blackstone Group LP, filed with U.S. regulators for an initial public offering of its common stock on Friday. The company set a nominal fundraising target of $100 million in its filing with the U.S. Securities and Exchange Commission. Morgan Stanley, Goldman Sachs& Co, Barclays Capital Inc,...

  • Low-cost giants like Malaysia's AirAsia and Indonesia's Lion Air have grown significantly in recent years and airlines in this category now control 60 percent of domestic traffic in parts of the region, according to planemaker Airbus. But Bill Franke, co-founder and managing partner of Phoenix- based Indigo Partners, said there was still a gap in Asia's...

  • Oct 25- Chipotle Mexican Grill Inc on Tuesday reported a bigger-than-expected drop in quarterly sales at established restaurants as it fights to recover from a string of food safety lapses late last year. Shares in Chipotle fell 2.2 percent to $396.84 after the Denver- based burrito seller posted a 21.9 percent drop in third-quarter sales at restaurants open...

  • Oct 25- Chipotle Mexican Grill Inc on Tuesday reported a bigger-than-expected drop in quarterly sales at established restaurants as it fights to recover from a string of food safety lapses late last year. Shares in Chipotle fell 2.6 percent to $395 after the Denver- based burrito seller posted a 21.9 percent drop in third-quarter sales at restaurants open at...

  • HOUSTON, Oct 25- Upstart oil company Energy Hunter Resources Inc said on Tuesday it plans to hold an initial public offering in November, only six months after founder Gary Evans left as chief executive of his previous company when it exited bankruptcy. If the IPO is successful, it will serve as a testament to the openness of capital markets in what has been a roller...

  • NEW YORK, Oct 25- U.S. home prices rose 5.1 percent in the year to August as home buyers competed for fewer properties, helped by low mortgage interest rates, some wage growth and low unemployment. Sales of existing U.S. homes increased 3.2 percent in September from August, but the number of homes for sale has fallen nearly 7.0 percent from a year ago, the National...

  • Oct 12- Shares of Extraction Oil& Gas Inc- the first producer to launch a U.S. Denver- based Extraction Oil priced its offering of 33.33 million shares at $19 each, above the expected range of $15- $18, to raise about $633 million. "The recent uptick in energy IPO-related activity may be an indication that market is recognizing that crude prices have stabilized and a new...

  • HOUSTON, Oct 8- North Dakota oil producers were dealt another blow this week when Royal Dutch Shell said it would scrap plans to build an oil train terminal in Washington state that would have taken over 400,000 barrels per week of Bakken and other inland crudes. Not long before that, protests by Native Americans worried about environmental impact prompted the...

  • Sept 29- Extraction Oil& Gas LLC said it expected to raise as much as $600 million in an initial public offering, valuing the Denver- based oil explorer and producer at about $2.6 billion. The company, based in Colorado's Denver- Julesburg basin and backed by private equity firm Yorktown Partners LLC, said it expected to price the offering of 33.3 million shares at...

  • The company, based in Colorado's Denver- Julesburg basin and backed by private equity firm Yorktown Partners LLC, said it expected to price the offering of 33.3 million shares at between $15 and $18 each.

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • DENVER, Sept 19- Barrick Gold's Veladero gold mine in Argentina, one of its five core mines, could resume operations in the next two weeks, Barrick President Kelvin Dushnisky said in an interview on Monday. Barrick was fined nearly $10 million by authorities in the Argentinian province of San Juan for last year's leak, which was caused by a defective valve.