New shopping center gets Costco, U.S. Bank
Developer Jordon Perlmutter & Co. announced an agreement with Costco to construct a store in the Larkridge shopping center in Thornton. The center at the southeast corner of Interstate 25 and Colorado 7 hosted grand-opening activities for its first phase Thursday.
During the event, company president Jordon Perlmutter also said U.S. Bank is a confirmed tenant for the project. The company also is completing leases with Famous Dave’s Bar-B-Que and Chili’s.
Exabyte announces reverse stock split
Longmont-based Exabyte Corp., a computer data-storage company, announced a reverse stock split that will combine every 10 outstanding shares into one, according to a filing made Thursday with the Securities and Exchange Commission.
The reverse split will be applied Oct. 31 and will be made in connection with a proposed financing plan to improve Exabyte’s operating results and liquidity, the filing said. The company’s stock closed Thursday down 2.5 percent to 19.5 cents.
46 mountain casinos report gains in Sept.
Colorado’s 46 mountain casinos posted revenue of $63.7 million in September, up 4 percent from $61 million during the same month a year ago.
Black Hawk’s 21 casinos reported adjusted gross proceeds – total wagers minus payouts – of $44.6 million, up from $43.3 million in September 2004. Cripple Creek’s 19 casinos logged adjusted gross proceeds of $13.4 million, up from $13.3 million. Central City’s six casinos posted revenue of $5.7 million, up from $4.4 million.
S&P raises outlook for Qwest to positive
Standard & Poor’s Ratings Services on Thursday revised its outlook on Qwest to positive from developing.
Standard & Poors also raised its rating on the debt of subsidiary Qwest Corp. to “BB” from “BB-” and affirmed other ratings for the company.
Online job recruiting shows strong growth
Online job-recruitment activity and related employment opportunities in the Denver metro area rose in September, according to the latest Monster Local Employment Index.
Online job demand in the Denver area increased from a level of 104 in August to 106 in September, indicating strong growth in online recruitment activity across a range of industries.
Titanium Metals picks successor to chairman
Titanium Metals Corp., a Denver-based maker of titanium parts for airplanes, said controlling stockholder Harold C. Simmons, 74, will succeed chairman, chief executive and president J. Landis Martin, who will retire next month.
Martin, 59, who has been chief executive since 1995 and chairman since 1987, will retire Nov. 15, the company said Thursday. Executives Robert Musgraves, 50, and Christian Leonhard, 59, will become co-presidents of the company, Titanium Metals said.
Cdigix names CEO, secures financing
Sea Blue Media LLC’s Cdigix, a closely held provider of digital media services to colleges, said it named Larry Jacobson, former president of RealNetworks Inc., as its chief executive.
Cdigix, which is moving its headquarters to Seattle from Englewood, said it secured financing of about $10 million from investors, led by Denver-based Meritage Private Equity Funds and Bethesda, Md.-based Novak Biddle Venture Partners.
CBOT’s stock launch soars for second day
Shares of CBOT Holdings Inc. – parent of the Chicago Board of Trade – soared Thursday on continued enthusiasm after the stock launched Wednesday at the highest initial public offering price seen this year.
The shares rose $10.59, or 13 percent, to finish Thursday at $90.89 on the New York Stock Exchange. In the offering, CBOT sold 3.19 million shares at $54 a share.
China airs concerns amid economic boom
China’s economy grew at a blistering rate of 9.4 percent in the first three quarters of 2005 as investment surged and the country’s politically volatile trade surplus more than doubled, the government said Thursday.
However, the government report expressed concern about “oversized and irrational” investment in fixed assets, the relatively low level of farmers’ incomes and the nation’s trade gap.
American Eagle chain targets ages 25 to 40
American Eagle Outfitters Inc. is planning a new chain of stores to appeal to 25- to 40-year-olds.
The new chain will be called Martin + Osa, and is named for a Kansas couple who were photographers and naturalists in the early 20th century, the company said.
Auto-parts maker Dana also cutting back
Dana Corp. added to cutbacks by the struggling auto-parts industry, saying Thursday it will eliminate 5 percent of its salaried workforce, close two plants and sell parts of its business to sharply reduce costs.
The company said last month it expected changes after cutting its profit forecast for the year in half as the industry comes to grips with soaring steel and energy costs and overcapacity.
