Denver-based fractional-aircraft management company Sky Shares said it will debut at a business aircraft and jet preview event at Centennial Airport on Thursday.
The company plans to unveil its first plane, a Cirrus SR22 GTSx Turbo, at the event. The company plans to offer fractional ownership and access to private planes.
Additional business news briefs:
DOUGLAS COUNTY
Liberty Global to buy stock
Liberty Global Inc., the cable-television company controlled by John Malone, plans to repurchase as much as $500 million of its shares in the second buyback announced this year.
The board authorized tender offers for as many as 5.68 million Series A common shares and an equal number of Series C common shares at prices ranging from $40 to $44 each, the Douglas County- based company said Friday in a statement.
Liberty Global plans to buy back stock beginning Friday and continue for at least 20 business days.
NEWARK, N.J.
Former exec sentenced
A former Wall Street executive was sentenced to two years in prison and four months of home confinement for defrauding savings banks of $12 million in their conversion from mutual to public ownership.
Bert Fingerhut, who lives in Aspen and Palo Alto, Calif., also forfeited $11 million and was fined $75,000 by U.S. District Judge Peter Sheridan in federal court Friday in Newark, N.J.
Fingerhut, 63, pleaded guilty to conspiring to control shares of mutual banks that went public, including Provident Financial Services Inc. and NewAlliance Bancshares Inc.
NEW YORK
TiVo share value retreats
Shares of TiVo Inc., the pioneer of digital video recorders, dropped the most since October after U.S. regulators rejected parts of a company patent that has been at the center of a lawsuit.
The U.S. Patent and Trademark Office rejected elements of the patent covering hardware for recording television programs and upheld parts dealing with the software that runs the system. The ruling came Monday, but details were disclosed late last week.
TiVo won a lawsuit last year against Douglas County-based satellite-TV company EchoStar Communications Corp., claiming that Echo Star’s video recorder infringed TiVo’s patents.
The jury found nine elements of infringement, and the patent office confirmed two of those last week.
