Top News & Analysis Denver

  • MANILA, Sept 13- Jollibee Foods Corp, the Philippine fast food specialist known for fried' Chickenjoy' and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A. It is also aiming to lift revenue in China to 30% of overall sales, while the Philippines would fall to 30%.

  • ODESSA, Texas, Sept 6- Oil producers and their suppliers are cutting budgets, staffs and production goals amid a growing consensus of forecasts that oil and gas prices will stay low for several years. The U.S. has 904 working rigs, down 14% from a year ago, and even that is probably too many, estimated Harold Hamm, chief executive of shale producer Continental...

  • Agriculture Secretary Sonny Perdue ordered an investigation on Wednesday into widening margins between the prices of cattle and beef after a fire at a Tyson Foods Inc slaughterhouse in Holcomb, Kansas, shut the plant. Farmers have worried that meat packers such as Tyson, Cargill Inc and JBS USA would take advantage of the situation by dropping their offering...

  • *Disney plans additional 40 stores by Oct 2020. Disney stores will launch inside Target in major cities such as Philadelphia, Denver and Chicago. Guests can browse and purchase Disney store specialty merchandise from Disney, Pixar, Marvel and Star Wars, at select Target locations, the Target statement said.

  • Profit margins for packers such as Tyson, Cargill Inc and JBS USA soared to $344 per head of cattle slaughtered, up from $153 a week ago before the fire and above the previous record of $308, according to Denver- based livestock marketing advisory service HedgersEdge.com. Margins increased as prices for choice cuts of beef shipped to wholesale buyers in large...

  • DENVER, Aug 13- OPEC and U.S. shale producers should reduce crude shipments into an oversupplied market, Continental Resources Chief Executive Harold Hamm said on Tuesday. In comments that touched on oil demand, U.S. trade with China, and hedging, Hamm said at the EnerCom energy conference in Denver that he expected OPEC and its allies to further cut output.

  • DENVER, Aug 12- Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's finance chief said on Monday. Cedric Burgher, in his first public remarks since the $38 billion acquisition closed last week, told an EnerCom energy conference audience, the resulting debt burden was "not too...

  • Aug 1- A natural gas line erupted in a ball of flames that could be seen for miles over a residential community in rural Kentucky on Thursday, killing one person and setting several houses on fire, a local sheriff said. The blast, in Moreland, a community about 40 miles south of Lexington, was the second so far this year on Canadian energy company Enbridge Inc's Texas...

  • Aug 1- A gas line explosion early on Thursday in a residential community in rural Kentucky sent up a ball of flame that could be seen for miles, killing one person and setting several houses on fire, a local sheriff said. The explosion, in Moreland, a community about 40 miles south of Lexington, shut a natural gas pipeline operated by Canadian energy firm Enbridge Inc,...

  • Aug 1- A gas line explosion shortly after midnight on Thursday in a residential community in rural Kentucky sent up a ball of flame that could be seen for miles, killing one person and setting several houses on fire, a local sheriff said. The explosion in Moreland, a community about 40 miles south of Lexington, was on a natural gas pipeline operated by Canadian energy...

  • Shares dropped 3.4% to $37.98 at 1:44 p.m. in New York. "Goldcorp had really cut back to zero its spend on exploration a few years ago, when the gold price turned down," Chief Executive Officer Gary Goldberg, who will be replaced by President Tom Palmer on Oct. 1, said in an interview. The Denver- based company said it expects attributable gold production of 6.5 million...

  • Colorado is the fifth largest oil producing state, according to the U.S. Energy Information Administration. Boulder County produced only about 86,000 barrels of oil last year, according to the Colorado Oil and Gas Conservation Commission. Closely-held oil producer Crestone Peak Resources LLC has pending drilling permits for Boulder County with the...

  • June 19- UnitedHealth Group Inc won anti-trust approval to buy DaVita Inc's primary and urgent care unit for $4.3 billion, the Federal Trade Commission said on Wednesday. The FTC approved the deal on condition that it sell a Las Vegas facility to Utah- based to Intermountain Healthcare. The deal was announced in December 2017 as $4.9 billion but was reduced last...

  • June 19- UnitedHealth Group Inc has won Federal Trade Commission approval for its buyout of the primary and urgent care unit of DaVita Inc, a source familiar with the transaction said on Wednesday. The deal was announced in December 2017 as $4.9 billion but was reduced in December to $4.3 billion. Denver- based DaVita operates medical groups in six states that...

  • June 19- UnitedHealth Group Inc has won Federal Trade Commission approval for its $4 billion buyout of the primary and urgent care unit of DaVita Inc, a source familiar with the transaction said on Wednesday. Denver- based DaVita operates medical groups in six states that serve 1.7 million patients through about 300 clinics. DaVita's kidney dialysis unit is not...

  • NEW YORK, June 19- A producer of "smart home" software that helps landlords cut operating costs such as shuttling keys to waiting maintenance workers or guiding tours for prospective tenants has raised $32 million from Bain Capital Ventures and the owners of nearly 1 million U.S. apartments. The remaining funds came from RET Ventures, a venture capital fund of 18...

  • Young men in Los Angeles, California.

    In San Francisco, it could take decades.

  • NEW YORK, June 13- It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma has confounded many of the producers lured there, with one of its biggest champions warning that its business may struggle to survive. Alta Mesa Resources Inc, which turned a $3.8 billion investment in the oilfield into under $30 million in just...

  • NEW YORK, May 16- Shareholder advisory group Glass Lewis advised on Thursday investors in PDC Energy Inc to vote in favor of the company's board nominees, dealing a blow to the challenge of activist shareholder Kimmeridge Energy Management Co.. The Denver- based firm is one of a number of U.S. oil and gas producers to have faced investor angst against it in the last...

  • DENVER, May 15- Boeing Co made mistakes with its 737 MAX planes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he said he is still hopeful that the jets grounded after two crashes will return to service in the U.S. summer. Southwest, which only flies 737 s and is the world's largest MAX operator,...