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
BOULDER, Colo.-- An affiliate of a company founded by Hustler magazine publisher Larry Flynt is acquiring New Frontier Media Inc. for about $33 million cash. Boulder, Colo.- based New Frontier says LFP Broadcasting LLC has agreed to pay $2.02 per share, plus up to 6 cents more per share if New Frontier maintains a cash balance above about $11.5 million.
DENVER-- It's not all hippies backing November's marijuana legalization votes in Colorado, Oregon and Washington.
NEW YORK-- A Republican-leaning independent group supporting Mitt Romney's presidential bid is spending $11.1 million on new television ads aimed at women. The group planned to air the new ad on national and local cable stations, and in Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio and Virginia.
"It's just way too much," says Scot French, a history professor at the University of Central Florida. He lives along the swing-voting Interstate 4 corridor that will play an important role in deciding whether President Barack Obama or Mitt Romney wins the state, and perhaps the White House.
Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.
ENGLEWOOD, Colo.-- Business information and analytics firm IHS Inc. said Monday that it has added Jean-Paul Montupet to its board. Montupet, 64, is chair of the industrial automation business at Emerson Electric Co. and president of Emerson Europe.
WILLIAMSBURG, Va.-- With the economy showing some signs of improvement three weeks before Election Day, President Barack Obama on Monday laid down a full embrace of the economic record many Republicans say is his biggest weakness.
Light synthetic crude for November delivery last sold for $3.90 a barrel over benchmark West Texas Intermediate, compared with $4.25 a barrel over WTI on Thursday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $14.75 a barrel under WTI, a 10 cent deeper discount on the day.
Wheat for December delivery fell 29.25 cents to finish at $8.5675 per bushel. The weekend rains are expected to help winter wheat crops that have been plagued by dry weather in western Kansas, western Nebraska and eastern Colorado.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Of the major oil- and gas-producing states, Texas gained four rigs while Alaska, New Mexico and Oklahoma gained one apiece. Arkansas, Colorado, North Dakota and Wyoming lost one rig apiece.
WASHINGTON-- Fierce and focused, Vice President Joe Biden and Republican Paul Ryan gave voters the kind of substantive showdown that was everything the presidential debate was not. "Not a single thing he said is accurate," Biden shot back when Ryan leveled a charge that President Barack Obama was projecting U.S. weakness.
Max Baucus and Jon Tester said residents of Libby have grown frustrated waiting for a pending risk study to be completed. The company mined asbestos-containing vermiculite in Libby for decades. They blasted Grace for weighing in against the EPA proposal and alleged company officials had "traded profits for lives" in Libby.
LOS ANGELES-- AEG, the sports and entertainment giant that is up for sale, is making it easier to book concert and sports tickets for friends without having to pay for them all at once. The owner of Staples Center and the National Hockey League's Los Angeles Kings is rolling out the feature, called AXS Invite, at some of its owned and operated venues starting this month.
DANVILLE, Ky.-- In a spirited debate that laid out stark choices, Joe Biden and Paul Ryan teed up pointed arguments on the economy, social policy and America's place in the world that President Barack Obama and GOP rival Mitt Romney now will drive forward into the campaign's final stretch.
SEATTLE-- Washington state is on the verge of becoming the first in the nation to let adults over 21 buy taxed, inspected marijuana at state-licensed shops.
DENVER-- Forest Oil is selling all of its South Louisiana properties for about $220 million as part of its plan to shed some non-core assets. Forest Oil Corp. previously announced that it is selling its East Texas natural gas gathering assets for $34 million. The Eagle Ford shale formation stretches from the western Texas- Mexico border to Louisiana.
COPENHAGEN, Oct 12- Danish wind turbine manufacturer Vestas on Friday said uncertainty surrounding a U.S. Production Tax Credit had led to a fall in turbine orders for next year in the country.
By John Whitesides and Andy Sullivan. Vice President Joe Biden leaped to the attack against Republican challenger Paul Ryan in a lively debate on Thursday, aggressively defending the Obama administration's economic and foreign policies to try to regain momentum in the White House race.
By John Whitesides and Andy Sullivan. Vice President Joe Biden leaped to the attack against Republican challenger Paul Ryan in a lively debate on Thursday, aggressively defending the administration's economic and foreign policies in a bid to regain momentum in the White House race.
OAKLAND, Calif., Oct. 11- The city of Oakland has sued to block U.S. authorities from closing down a medical marijuana dispensary that bills itself as the world's largest, marking the latest clash with federal authorities over California's cannabis industry.