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
WASHINGTON— In a story July 24 about a new rural investment fund announced by the White House, The Associated Press reported erroneously that Colorado- based CoBank is donating $10 billion to a fund for rural investment projects.
PHOENIX— Raghu Vadarevu, an editor on The Associated Press' West Desk, has been promoted to West assistant editor for enterprise. The appointment was announced Friday by West Region Editor Traci Carl, who oversees news for 13 states.
Of the major oil- and gas-producing states, North Dakota and Louisiana gained six each, Ohio and Oklahoma were up two apiece and Colorado one. Texas lost 10 rigs, Alaska was off four, California and New Mexico were down two each and Kansas and Pennsylvania each dropped one. Arkansas, Utah, West Virginia and Wyoming were unchanged.
DENVER— Molson Coors Brewing President and CEO Peter S. Swinburn will retire at the end of the year. The brewing company said Friday that Swinburn will be succeeded in the posts by Mark R. Hunter, who currently serves as CEO and president of Molson Coors Europe.
DENVER— A law expanding background check requirements on Colorado gun sales has been in effect for about a year, and an Associated Press analysis of state data compiled during that span shows the projected impact was vastly overstated in a key budget report.
DENVER— Pot may be legal in some states— but the neighbors don't have to like it.
LONGMONT, Colo.— A state district judge struck down Longmont's voter-approved ban on hydraulic fracturing Thursday but stayed her decision while the city considers an appeal. Mallard noted that the state's interest in developing oil and gas, and Longmont's interest in banning drilling create an "irreconcilable conflict" in which state rules take precedence.
PORTLAND, Ore., July 24- An Oregon citizens' initiative that would require labeling of foods made with genetically modified ingredients has garnered more than enough signatures to gain a spot on the state's November ballot, a state government spokesman said on Thursday. "It cleared easily," said Tony Green, a spokesman for the Oregon Secretary of State's Office.
WASHINGTON, July 24- The Obama administration on Thursday launched a $10 billion rural infrastructure fund that it hopes will jump-start investments in a wide range of projects in farm states.
WEST POINT, New York— President John F. Kennedy is getting his old look back on new collectors' coins.
WASHINGTON— A bank that serves farmers and agribusiness is donating $10 billion to spur private investment in rural America. The White House was announcing the money Thursday as part of a rural conference it is holding this week.
Treasury Secretary Jacob Lew will deliver remarks at the Inaugural Rural Opportunity Investment Conference hosted by the White House Rural Council.
The hearing takes place a week before the EPA holds a series of public meetings on its carbon plan in Denver, Pittsburgh, Washington and Atlanta. The group also telegraphed potential legal action, arguing the EPA had overstepped the bounds of the Clean Air Act to draft its complex rule.
CENTENNIAL, Colo.— Defense attorneys in the Colorado theater shooting case attacked the reliability of firearms analysis Wednesday, saying it is subjective and lacks statistics to measure its accuracy. James Holmes pleaded not guilty by reason of insanity to charges of killing 12 people and injuring 70 in the July 20, 2012, attack at a Denver- area movie theater.
Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.
Crocs Inc. also detailed a restructuring plan that includes cutting 183 jobs, closing or converting about 75 to 100 stores globally and streamlining its product portfolio. The Niwot, Colorado, company anticipates the job cuts will result in $4 million in cost savings this year and $10 million in savings in 2015..
SEATTLE— The first recreational marijuana sold legally in Seattle will be put on display at the city's Museum of History and Industry after a woman donated part of her purchase Tuesday. Deb Greene, a 65- year-old retiree, waited all night to be first in line at the Cannabis City store when legal pot sales began in Washington on July 8.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
WILLISTON, N.D.— More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, authorities still were unable to say what caused the massive blaze.
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.