Niwot – Ronald Snyder, the president and chief executive of Crocs Inc., sold 133,334 shares of common stock May 17, according to a regulatory filing made Wednesday by the trendy shoemaker.
The sales, with the shares priced between $76.26 and $76.70, were worth more than $10.17 million.
Additional business news briefs:
LAKEWOOD
Firm gives furniture to Colo. nonprofits
Office Liquidators, Colorado’s largest provider of new, used and refurbished office furniture, announced Wednesday that it has sent a letter to more than 650 Colorado nonprofit agencies inviting them to receive a donation of office furniture.
Office Liquidators chief executive and founder Dennis Meyer, a former teacher and founder of the nonprofit Ali Meyer Foundation, is assisting Colorado nonprofits by donating a new two-drawer filing cabinet. The company is also extending discounts on office furniture for nonprofits.
BOULDER
FAA awards contract to Flatirons Solutions
The Federal Aviation Administration has awarded its System Operations Engineering Support contract to Flatirons Solutions of Boulder.
The five-year, $31 million contract includes systems and software engineering, analytics and modeling, research and technical management support for the FAA’s System Operations organization.
WASHINGTON
Airline group predicts record summer fliers
The Air Transport Association, an airline-industry group, has forecast a record 209 million airline passengers this summer, up 3 percent from the same period last year.
For the 10-day Memorial Day period, the group expects 21.4 million airline passengers, up 3.3 percent from a year ago.
Meanwhile, Federal Aviation Administration Administrator Marion Blakey said during a speech in Herndon, Va., Wednesday that delays are up to nearly 142,000 flights for the first four months of the year, from more than 126,000 in the year-ago period. The agency is expanding its airspace-flow program to respond to congestion.
ATLANTA
Woman sentenced in Coke trade-secret plan
A federal judge ignored a former Coca-Cola secretary’s plea for mercy Wednesday and sentenced her to eight years in prison for conspiring to steal trade secrets from the world’s largest beverage maker.
U.S. District Judge J. Owen Forrester told Joya Williams, 42, that he was giving her a longer sentence than recommended by federal prosecutors and sentencing guidelines because, “This is the kind of offense that cannot be tolerated in our society.”
Williams had faced up to 10 years in prison on the single conspiracy charge in a failed scheme to sell Coke’s trade secrets to rival Pepsi for at least $1.5 million.
HOUSTON
Lay widow asks judge to let her keep condo
The widow of Enron Corp. founder Ken Lay is asking a judge to let her keep nearly $13 million in assets – particularly the family condominium – that the federal government is trying to seize.
In a court filing last week, attorneys for Linda Lay asked U.S. District Judge Ewing Werlein Jr. to throw out the government’s civil action, which was filed after Ken Lay’s criminal convictions related to Enron’s downfall were vacated following his death last year.
PALO ALTO, Calif.
HP wins right to bid on federal contracts
Hewlett-Packard Co., the world’s largest printer and personal-computer maker, won the right to bid on contracts to provide the U.S. government with computers, servers and printers, valued at as much as $5.6 billion.
The seven-year contract, formed with the National Aeronautics and Space Administration, allows Palo Alto, Calif.- based Hewlett-Packard to supply other areas of federal government as well, according to a statement Wednesday.
WASHINGTON
Verizon wants Vonage court bid rejected
Verizon Communications Inc., the second-biggest U.S. phone company, asked a federal appeals court to reject Vonage Holdings Corp.’s bid to have a jury’s $58 million verdict in a patent dispute overturned.
New York-based Verizon laid out its legal arguments in a filing Wednesday with the U.S. Court of Appeals for the Federal Circuit in Washington, a court that specializes in U.S. patent law.
Vonage wants the appeals court to overturn both the verdict and an order that limits its ability to connect Internet- based phone calls with traditional phones.
MINNEAPOLIS
Target’s 1st-quarter profit stuns investors
The first quarter was a tough one for many retailers, so Target’s 18 percent profit growth took investors by surprise Wednesday.
Despite worries about rising gas prices and a cool, wet April, the nation’s second-largest discount retailer said it earned $651 million, or 75 cents per share, during the quarter that ended May 5, up from $554 million, or 63 cents per share, during the quarter ending April 29 last year. Revenue of $14.04 billion was up 9 percent from $12.86 billion a year ago.
Analysts surveyed by Thomson Financial were expecting profit of 71 cents per share on revenue of $14.17 billion.
WASHINGTON
SEC opens door for credit-rating firms
The Securities and Exchange Commission approved rules that will make it easier for additional credit-rating companies to gain federal recognition and compete with Standard & Poor’s and Moody’s Investors Service.
