DENVER
HyperSpace grounds 50 jobs and president
HyperSpace Communications Inc., a maker of computer products and software, is cutting 50 jobs and said president Michael Adkins is leaving as part of a reorganization to return the company to profitability.
HyperSpace, owner of MPC Computers, also said Jeffrey Fillmore was appointed chief operating officer of that subsidiary, according to a company release distributed Wednesday. A HyperSpace representative didn’t immediately return calls.
WASHINGTON
FAA gives go-ahead to Southwest flights
The Federal Aviation Administration issued a final determination for proposed operations of Southwest Airlines at Denver International Airport.
Southwest indicated an interest in increasing service out of Denver to as many as 50 or 60 daily departures, and the FAA determined emissions from the operations conform to the Colorado State Implementation Plan. A draft of the federal environmental-compliance filing drew no comments during the public comment period.
Southwest in June announced additional flights out of Denver to bring its total to 32 daily departures by mid-August.
Separately, Southwest on Wednesday said it will raise fares by $3 or $10 for one-way trips – one of its largest increases ever – and boosted the limit on its refundable fare to $319.
DENVER
Newmont kicks off production in Ghana
Denver-based Newmont Mining Corp., the world’s second- largest gold miner, has started gold production at its new Ahafo project in Ghana, Africa, according to a bizjournal.com report.
The company said it expects to produce its first gold doré bars, containing up to 90 percent gold metal, within the next two to three weeks.
GREENWOOD VILLAGE
First Data, Visa end card-processing feud
First Data Corp. and Visa USA Inc. have agreed to settle a four-year legal dispute over the processing of Visa payment- card transactions.
As part of the settlement, First Data and Visa agreed to work together to build a stronger business relationship to focus on streamlining the payment-processing business. Specific terms were not disclosed.
GREENWOOD VILLAGE
Red Robin chomps into Wash. franchises
Greenwood Village-based Red Robin Gourmet Burgers Inc. on Wednesday said it has signed a definitive agreement to purchase 13 franchised restaurants owned by Great Western Dining in Washington state.
The company will pay $42 million for the restaurants and will assume $1.4 million in negative net working capital. The 13 restaurants generated $55.9 million in revenue in 2005.
SALT LAKE CITY
Ski resort urges court to prevent eviction
American Skiing Co. is seeking the protection of the Utah courts against a threatened eviction at its flagship Canyons resort in Park City.
The company has obtained a temporary injunction blocking eviction and is asking a judge to declare it has done nothing to violate terms of a lease covering the center of the ski area. The 3,500-acre Canyons resort, Utah’s largest, is made up of a patchwork of private leases and state lands. American Skiing operates the Steamboat resort.
CHICAGO
United packs planes as June busts records
United Airlines said its planes were 88.3 percent full in June, a record-high June “load factor.”
United increased its June capacity, measured by available seat miles, by 2.2 percent year-over-year. It increased traffic, or revenue passenger miles, by 2.3 percent.
ATLANTA
3 charged in theft of
Coke drink sample
Three people were charged by federal prosecutors Wednesday with stealing confidential information, including a sample of a new drink, from the Coca-Cola Co. and trying to sell it to rival PepsiCo Inc.
