DENVER – The Cable Center launched a $10 million fundraising effort on Tuesday with the goal of creating a self-sustaining endowment to further the center’s efforts as an educational resource about the cable and telecommunications industries.
The Comcast Foundation has donated $1 million toward the goal. The video tower in the center’s Daniels Great Hall will be named for Comcast.
MORE BRIEFS
GOLDEN
Good Times switches to no-trans-fat oil
Golden-based Good Times Restaurants Inc. said Tuesday that it has moved to a cooking oil that is free of trans fatty acids.
The move follows similar announcements by several large fast-food chains. The company said it is continuing to work with its vendors with the goal of moving toward a trans fat free menu.
ASPEN
Times lures editor from competing News
Rick Carroll has been named managing editor of The Aspen Times after working for a decade at the competing Aspen Daily News.
Carroll, 38, starts his new job Jan. 22. He had been editor of the Daily News.
EVERGREEN
WisperTel expanding broadband coverage
Wisper Telecommunications Inc., an Evergreen-based wireless broadband provider doing business as WisperTel, on Tuesday said it is nearing completion of a new affordable broadband wireless network in Breckenridge, Dillon, Frisco, Keystone, Silverthorne.
“We have been working closely with local government and businesses for nearly two years, and are more than anxious to initiate commercial service before the end of this month,” said Barry Pier, president and chief executive of WisperTel.
CLEVELAND
Goodyear says strike will be worth savings
The world’s third-largest tiremaker on Tuesday said the multimillion-dollar cost of a three-month strike by union workers is well worth the long-term savings Goodyear Tire & Rubber Co. expects to see from the new labor deal.
During a conference call with analysts, Goodyear chief financial officer Richard Kramer said the strike that began Oct. 5 and ended last week drained between $30 million and $35 million a week from the company.
PITTSBURGH
Alcoa cites 60% rise in quarterly profits
Aluminum producer Alcoa Inc. on Tuesday said fourth quarter profit jumped 60 percent, driven by higher metal prices and strong market demand.
Net income increased to $359 million, or 41 cents per share, from $224 million, or 26 cents per share, during the same period a year earlier.
The results include after-tax charges of $386 million, or 44 cents per share, for costs related to a restructuring program that includes the elimination of 6,700 jobs.
WASHINGTON
Interior hikes fees on deep-water drilling
The Bush administration took steps Tuesday to try to calm the furor in Congress over lost royalty payments on Gulf of Mexico oil and gas drilling as a result of a government mistake.
The Interior Department announced a sharp increase in the royalties that will have to be paid on future deep-water drilling leases in the gulf. Oil companies will have to pay the government 16.7 percent instead of 12.5 percent.
MINNEAPOLIS
Northwest closer to buyout of carrier
Northwest Airlines Corp. moved closer to buying out its bankrupt feeder carrier Mesaba Aviation on Tuesday by making an agreement with Mesaba’s corporate parent, the two companies said.
