CHICAGO
United recalling 125 pilots after shortage
UAL Corp.’s United Airlines will recall 125 furloughed pilots after a shortage forced the carrier to cancel some U.S. flights.
Heavy rains along the U.S. East Coast forced the airline to cancel 186 flights on June 24 and June 25, United spokeswoman Jean Medina said in an interview.
United flies 3,700 flights daily. Storm-delayed flights often mean pilots will reach the maximum daily work hours set by U.S. law before they complete their scheduled flying, forcing airlines to turn to reserve crews.
Without enough reserves, airlines must cancel flights.
DENVER
Qwest stock hits 52-week high
Qwest’s stock hit a 52-week high Friday at $8.09 per share amid heavy trading.
Stock at the Denver-based Baby Bell has more than doubled in the past year from a low of $3.45, after the company refinanced its debt, improved its cash flow and reported positive earnings for the first time since 2002 in its first quarter this year.
Company stock once traded at $60 before dropping to less than $2 in 2002 amid an accounting fraud scandal that forced the company to restate $2.5 billion in earnings.
AURORA
Main Street project tenants announced
Alberta Development Partners on Friday announced new tenants for the Main Street at Southlands development.
Retail tenants will include Ann Taylor Loft, Ethan Allen, Finish Line, Francesca’s, Hot Topic, J. Jill, J.C. Penney, Jos A. Bank Clothiers, Journeys, Lane Bryant, LensCrafters, Make- Up Store, Rocky Mountain Chocolate Factory and Snuggle Bugs. Restaurant tenants in the project will include Chipotle, Fat Burger, Le Creperie Café, Maggie Moo’s, McCabe’s Irish pub, Old Chicago, Ted’s Montana Grill and Tokyo Joe’s.
The development will open in October.
BOULDER
Exabyte examines options for future
Exabyte Corp., a seller of tape-storage products for computers, said Friday that it has hired an investment banking firm to help it review its options, which could include a merger or sale.
The 21-year-old Boulder- based company faces challenges in the competitive data-storage industry. It announced earlier that it was reviewing strategies, including raising additional capital, restructuring, strategic alliances and a sale of technology rights.
The company has hired St. Charles Capital LLC of Denver, which provides financial advisory services.
BOISE, Idaho
Salmonella found in Albertsons carrots
Albertsons LLC warned customers in four states about baby carrots it sells after a supplier discovered the salmonella bacteria in one bag.
The warning applies to stores in Colorado, Wyoming, South Dakota and Nebraska.
One-pound bags of carrots with a “best if used by” date of June 17 and lot number 138221E6 are covered by the notice, Albertsons said.
COLORADO SPRINGS
Simtek sees quarter exceeding $6 million
Simtek Corp., a Colorado Springs supplier of random access memory products, upped its earnings estimates for the quarter ending June 30 to more than $6 million.
The company said revenue for the year’s first six months will surpass total revenue last year, driven by increased demand for its products, according to a filing Friday with the U.S. Securities and Exchange Commission.
FROM STAFF AND WIRE REPORTS
