Top News & Analysis Denver

  • DENVER, Jan 7- A Colorado environmental group on Tuesday launched a fresh push to curtail drilling in the fifth-largest oil-producing state, citing concerns over health and safety. Colorado Rising is considering six initiatives, among which include 2,000- to 2,500- foot setbacks, proposals that provide separation waivers on private land, and increasing the...

  • DENVER, Jan 6- The night-time drone flights over parts of rural Colorado and Nebraska that have baffled investigators will now be the subject of a multi-agency task force, federal and state authorities announced on Monday. The drones, or unmanned aircraft systems, have been sighted in northeast Colorado and southwest Nebraska over the past three weeks, tending...

  • Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois, U.S., on Sunday, Aug. 19, 2018.

    The severe shortage of homes for sale is upending the sales calendar for the whole housing market.

  • HOUSTON, Jan 2- Vastly slower U.S. oil growth this year and the prospect of a plateau for the world's top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry. Over the latest decade, the shale revolution turned the United States into the world's largest crude producer and a force in energy exports.

  • Dec 31- A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to temporarily suspend payments. Tuesday's 3-0 decision by the 10th U.S. Circuit Court of Appeals in Denver is a victory for insurers that...

  • WASHINGTON, Dec 18- BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market, with the joint venture partners halting operations in Montreal, New York, Seattle, Washington, D.C., and Vancouver, as they focus on the European market. SHARE NOW and its Car2Go unit, a joint venture of the two German automakers, are ending operations on Feb....

  • WASHINGTON, Dec 18- BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market and will halt operations in Montreal, New York, Seattle, Washington D.C. and Vancouver. SHARE NOW and its Car2Go unit, a joint venture of the two German automakers, are ending operations on Feb. 29 in the United States and Canada citing the "volatile state of...

  • NEW YORK/ WASHINGTON Dec 12- Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the grounding of its 737 MAX aircraft. Southwest, American Airlines Group Inc and United Airlines Holdings Inc are scheduling flights...

  • ANCHORAGE, Alaska, Dec 11 (Reuters)- The United States held its most successful Alaska oil and gas lease sale in more than a decade, officials said, with the majority of bids coming from a new player, North Slope Exploration LLC. There were more than $11 million in total high bids for about 1 million acres (0.4 million hectare) in the National Petroleum Reserve of Alaska (...

  • ANCHORAGE, Alaska, Dec 11- This year's sale of federal oil leases in Alaska's petroleum reserve was its most successful in more than a decade, U.S. officials said, with the majority of bids coming from a new player, North Slope Exploration LLC. There were more than $11 million in total high bids for about 1 million acres in the National Petroleum Reserve of Alaska,...

  • CHICAGO, Dec 10- Chicago and Detroit are the least prepared among the 25 largest U.S. cities to weather an economic recession of the magnitude that struck the country in the previous decade, Moody's Investors Service said on Tuesday. The credit rating agency also found that the cities of Boston; Charlotte, North Carolina; Denver; San Antonio, Texas; San Francisco and...

  • Dec 6- Halliburton Co is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity. Earlier in October, the company cut 650 jobs across Colorado, Wyoming, New Mexico and North Dakota. In 2019, more than 50 frac spreads- or a set...

  • Oscar Munoz, CEO of United Airlines.

    The change happens in May, when Munoz becomes executive chairman, succeeding Jane Garvey, who is retiring from the board.

  • The storm dumped a foot of snow in parts of Colorado and buffeted the Denver area with wind gusts of 45 miles per hour. If you are a packer and you have to get cattle bought, it makes it more difficult to get that done, so you have to pay up a little more, "said Altin Kalo, agricultural economist for New Hampshire- based Steiner Consulting. February live cattle futures on the...

  • Glenn Kelman, CEO of Redfin.

    Redfin CEO Glenn Kelman breaks down the housing market and what it may indicate about the U.S. economy, with CNBC's "Power Lunch" team.

  • The Midland, Texas- based company also confirmed Reuters' report last month that the U.S. Securities and Exchange Commission had opened an investigation in its financial disclosures and reporting. Its board identified weaknesses in internal controls, two of which were material and at least one of which existed since Dec. 31. ProPetro also said it would not file...

  • The company also confirmed Reuters' report last month that the U.S. Securities and Exchange Commission had open an investigation in its financial disclosures and reporting. ProPetro also said it would not file its second and third quarter reports to the SEC before Dec. 31 due to the continuing investigation. The Midland, Texas based company reported net income...

  • Beet producers Western Sugar Cooperative and United Sugars Corp issued force majeure notices to clients late Tuesday, according to three market participants, after a cold snap hit large portions of the United States. "The recent unprecedented weather conditions have resulted in Western Sugar allocating its available supply of product among its customers,"...

  • HOUSTON, Nov 11- Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, according to people familiar with the matter. Occidental offered about 200,000 acres in the Denver-Julesburg Basin of Wyoming and Colorado that...

  • MARACAIBO, Venezuela/ CARACAS, Nov 8- A western Venezuela town has ordered the' temporary closure' of the local unit of U.S. oil services company Baker Hughes Co, the local government said in a statement on Friday, alleging that the company had failed to pay municipal taxes. OPEC- member Venezuela produced 846,800 barrels-per-day of crude in September, including...