CNBC's Jane Wells looks at the strong demand for legal weed in Colorado. Wells says the state of Colorado has 485,000 monthly users, but tax collection is way below estimates.» Read More
July 21- Burrito chain Chipotle Mexican Grill Inc last quarter achieved what many of its rivals could only dream of: It raised prices, yet attracted more diners during a period of sluggish economic growth. Rival Panera Bread Co was on a similar trajectory until last year, when "operational friction" caused it to stumble on speed.
NEW YORK, July 21- An upstart U.S. food technology company has developed a unique fermentation process using mushrooms to reduce bitterness in cocoa beans that it believes will cut sugar content in chocolate candy.
Companies such as General Electric Co and Intel Corp have reported solid results. Intel declared that personal computer sales have stabilized, while it forecast third-quarter revenue above Wall Street's expectations.
A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
Edibles and infused products such as snack bars, olive oils and tinctures popular with medical marijuana users have flourished into a gourmet market of chocolate truffles, whoopie pies and hard candies as Colorado and Washington legalized the recreational use of marijuana in the past year.
NEW YORK, July 17- Colorado regulators said on Thursday that the disposal of oil and gas wastewater at a well in Weld County likely caused a series of small earthquakes this year, in another sign that a U.S. drilling boom is contributing to higher seismic activity.
DENVER— A proposed fee on oil and gas wells on federal land would allow the Bureau of Land Management to hire more than 60 inspectors, the agency said Thursday. BLM Director Neil Kornze told a mineral law conference in Vail on Thursday that the agency needs to step up its inspections. Congress rejected previous fee proposals, BLM spokeswoman Bev Winston said.
JAKARTA, July 17- Newmont Mining risks its Indonesian mining licence being taken over by a state-owned firm if the U.S. miner does not resume copper production, the Southeast Asian nation warned, escalating a six-month dispute over export rules.
DENVER— A day after giving up on efforts to call a special legislative session on oil and gas drilling, Gov. John Hickenlooper appealed to the public Thursday to decry possible ballot measures to curb the industry.
JAKARTA, July 17- Indonesia stepped up pressure on Newmont Mining over a six-month old dispute that has halted copper exports, warning it could hand the U.S. miner's licence to a state-owned firm if it does not resume shipments.
WASHINGTON— The House voted Wednesday in support of making it easier for banks to do business with legal pot shops and providers of medical marijuana.
DENVER— Your swimsuit and your sunscreen are in the luggage, and your boarding passes are all printed out. But did you remember your gadgets and chargers? Did you download enough entertainment?
The Democratic Congressional Campaign Committee raised $10.9 million from donors in June and has $50.9 million in its bank accounts, officials said. At the same time, the National Republican Congressional Committee said donors gave another $9.6 million to the committee tasked with keeping House Republicans in the majority.
Republicans blocked a bill that was designed to override a Supreme Court ruling and ensure access to contraception for women who get their health insurance from companies with religious objections. But Democrats hope the issue has enough life to energize female voters in the fall, when Republicans are threatening to take control of the Senate.
NEW YORK— Sling Media, the maker of devices that let people watch their cable channels while traveling, is trying to become more relevant in the living room. Traditionally, Sling's strength has been in so-called place shifting. Attached to the home cable box, the Slingbox device sends video to various phones, tablets and other devices.
DENVER— Colorado's two largest foreclosure law firms were accused Tuesday of defrauding homeowners, banks and investors. The Castle Law Group and Aronowitz& Mecklenburg were sued Tuesday by the state attorney general's office, The Denver Post reported. Combined, the law firms handled more than 150,000 foreclosures in Colorado since 2006..
SAN FRANCISCO, July 15- Amazon.com Inc is in talks with Simon& Schuster Inc, the chief executive of the book publisher's parent company said on Tuesday, representing a second front in Amazon's feud with the publishing industry over digital book pricing.
NEW YORK/ LONDON, July 15- When Imperial Tobacco Group Plc agreed Tuesday to buy a group of brands from Reynolds American Inc and Lorillard Inc as part of their merger, the British company insisted the assets include Lorillard's blu e-cigarette unit.
July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.