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
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.
NEW YORK/ LONDON, July 15- Reynolds American Inc had no choice but to sell Lorillard Inc's top-selling blu electronic cigarettes brand after Britain's Imperial Tobacco Group Plc insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.
LAFAYETTE, La.— Lafayette- based home nursing firm LHC Group will buy 14 home health agencies from a Tennessee company for $10 million in cash. Life Care Home Health Inc.' s agencies are spread across seven states. The Life Care agencies are in Arizona, Colorado, Massachusetts, Rhode Island, Tennessee, Utah and Washington.
Camel cigarette maker Reynolds American Inc.' s $25 billion deal to buy Newport maker Lorillard Inc. creates a formidable No. 2 tobacco company in the U.S. behind Marlboro maker Altria.
BOULDER, Colo.— A few commuters in Boulder, Colorado, may have arrived at work dripping wet because they observed Tube To Work Day. But the Daily Camera reports safety concerns because of the volume of water forced it to be pushed to July this year. Information from: Daily Camera, http://www.dailycamera.com/.
While delivery services have existed for years to supply medical marijuana patients, the rise of similar businesses geared toward serving recreational users in Washington and Colorado highlights how the industry is outpacing the states' pot laws.
ALBANY, N.Y.— A judge has dismissed two lawsuits challenging the state's delay in finishing its health and environmental analysis of the potential impact of shale gas development in New York, state Attorney General Eric Schneiderman said Monday.
WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
GENEVA— Swiss chocolate maker Lindt& Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum. Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expand our North American chocolate business."
July 13- Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil& Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc..
DENVER— Whiting Petroleum Corp. said Sunday it is buying Kodiak Oil& Gas Corp. for $6 billion in stock, worth $13.90 per share, in a deal that will make it the largest producer in the booming Bakken region of North Dakota and Montana. The combined company had over 107,000 barrels of oil equivalent production per day in the first quarter.
WASHINGTON, July 12- Phil Falcone's Harbinger Capital Partners has filed suit against the U.S. government, accusing it of reneging on an agreement regarding bankrupt Harbinger-backed wireless company LightSquared LP, the Wall Street Journal reported.
But I feel like I'm changing one or two minds here or there, "said Felice Pete, a nurse anesthetist and a member of the state party's Black Advisory Board. The swing state, one of 11 where the Republican National Committee has hired staff to reach black voters, hosts one of the country's most important Senate races in November's midterm elections.
WASHINGTON, July 10- A surge of Republican pressure is bringing the Federal Reserve's long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny.
A surge of Republican pressure is bringing the Fed's long-held independence into question again.