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Gas prices may rise

Colorado Springs Utilities plans to ask City Council in January for another rate hike for natural gas, this time about 15 percent. It will be the third time in the past 12 months that CSU has requested such a hike.

Airport area sees industrial activity

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Coleraine Capital Group of Irvine, Calif., announced it would buy 77 acres near the Colorado Springs Airport to build up to 900,000 square feet of warehouse space. Industrial vacancy rates in Colorado Springs have been just over 3 percent, and some companies have decided against locating in the city because of the lack of warehouse… Continue Reading Airport area sees industrial activity

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2nd Westmoreland stock director named

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<br> <br> Westmoreland Coal Co. announced that William M. Stern joined its board of directors as a preferred stock director, filling the second preferred stock directorship vacated in October when Robert Killen and James Sight relinquished the preferred seats so new directors with greater direct personal stakes in the preferred shares could be elected. Stern… Continue Reading 2nd Westmoreland stock director named

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NxTrend owner floundering

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<br> BuildNet Inc., the company that purchased Colorado Springs-based NxTrend early this year with a mission to bring e-commerce to homebuilders over a Web-based network of local suppliers in 25 cities, has failed to build a major presence. So far, it has signed up 83 homebuilders to participate, but didn’t even begin selling connectivity until… Continue Reading NxTrend owner floundering

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NYSE seeks to delist Laidlaw

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The New York Stock Exchange last Friday suspended trading of Laidlaw Inc.’s common stock (NYSE: LDW) as well as its Laidlaw One Inc. (NYSE: UXL) exchangeable notes, as it sought to delist the company. The action was taken as a result of Laidlaw trading below the stock exchange’s minimum requirement of $1 per share over… Continue Reading NYSE seeks to delist Laidlaw

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Century owns more of S. African resort

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Century Casinos Inc. reported that, through a subsidiary, it has completed its acquisition of an additional 15 percent of The Caledon Casino, Hotel and Spa, raising its ownership of the project to 65 percent. Terms of the agreement included the payment of approximately $1.8 million by Century to its partners in exchange for 15 percent… Continue Reading Century owns more of S. African resort

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$30M for Ramtron

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Ramtron International, a Colorado Springs-based developer of specialty semiconductor memory products, announced that Infineon Technologies agreed to make a $30 million investment in the company. The investment will consist of $10 million in cash and $20 million in Infineon stock, in exchange for an approximate 20-percent stake in Ramtron. <br> <br> Infineon made an investment… Continue Reading $30M for Ramtron

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RadioShack picks local for top job

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<br> Consumer electronics giant RadioShack named a former Colorado Springs resident its new COO and president. David Edmondson, formerly of the Springs, will replace Leonard Roberts, who will remain chairman and CEO. <br>

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Phone tag persists

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SunWest, the Monument-based startup phone company is back in court with Goliath Qwest, alleging that Qwest is cutting off service to SunWest customers. SunWest says the problems began around Nov. 21, when Qwest failed to route phone traffic from about 65 SunWest customers to SunWest’s switch. Previously, SunWest customers used Qwest lines, but beginnining Nov.… Continue Reading Phone tag persists

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LSI Logic to upgrade

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<br> LSI Logic, which has had a microchip manufacturing plant in Colorado Springs since 1998, when it acquired Symbios Inc., plans to invest $100 million to upgrade its plant here. The investment will go toward new technology and equipment. LSI employs 900 workers at its 300,000-square foot plant here. <br>

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