Janus shareholders OK merger with U.K. firm

Janus Capital Group Inc.'s shareholders have signed off on a mergerthat will create a transatlantic investment-management giant with $320 billion under management. Votes representing 86.2 percent of outstanding shares in Janus (NYSE: JNS) voted Tuesday at a special shareholders' meeting to support the all-stock merger with London-based Henderson Group plc (LON: HGG), Janus said. Henderson's shareholders were set to vote on the merger today. “We are pleased with the overwhelming support our shareholders…


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A different pot: Colorado coffee company to introduce cannabis coffee

A Colorado coffee company said it soon plans to introduce a line of cannabis-infused coffee. Jammin Java Corp., the Denver company that was started by the son of reggae singer and marijuana enthusiast Bob Marley, said it will introduce cannabis coffee for the Colorado market, including THC and CBD based coffees. "The fact we are located in Colorado, where cannabis is recreationally legal, will give us a competitive advantage when we start selling cannabis coffee drinks throughout the state. Priority…


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Chipotle says there was 'unauthorized activity' on its data network

Officials at Chipotle Mexican Grill Inc. said they detected "unauthorized activity" on its payment processing network in the past year. During a conference call after announcing its first-quarter earnings yesterday, officials at the Denver Mexican restaurant chain (NYSE: CMG) talked about the data breach. "We want to make our customers and investors aware that we recently detected unauthorized activity on the network that supports payment processing for purchases made in our restaurants. We immediately…


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Vail Resorts' season: Lift ticket revenues up, skier visits down

Vail Resorts Inc. said lift ticket revenue for the 2016/17 season was up but total skier visits was down. The Broomfield ski company (NYSE: MTN) said total lift ticket revenue at the company's North American resorts, was up 7.4 percent from the previous time last year. But total skier visits for the company's North American resorts were down 2.8 percent. Vail said ski-school revenues were up 4.5 percent, dining revenues were up 3.3 percent, and retail revenues were up 3.4 percent from last season. "While…


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Chipotle earnings exceed analysts' expectations

Chipotle Mexican Grill Inc. officially began its comeback from a miserable year Tuesday, announcing double-digit-percentage boosts in same-store sales and in overall revenue that exceeded analysts’ expectations. The beleaguered fast-casual Mexican restaurant chain (NYSE: CMG) increased revenue 28.1 percent to $1.07 billion during the first quarter of 2017 from a year earlier and boosted comparable restaurant sales 17.8 percent at its roughly 2,300 locations. The company flipped a year-ago net…


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Transportation-funding bill runs out of gas in Colorado Legislature

The road to Colorado's November ballot for a proposed transportation sales-tax hike ended in the state Senate's Finance Committee late Tuesday, likely leaving the possibility of getting any bump in road and transit funding in the hands of outside groups looking to bring their own solutions to state voters. The three Republicans on the committee voted down House Bill 1242 following a four-hour hearing despite its co-sponsorship by Senate President Kevin Grantham, R-Cañon City. They offered varying…


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Dish Network offshoot Sling Media unveils livestreaming video device

A Dish Network Corp. offshoot is getting the Douglas County-based satellite TV company into the streaming-media hardware game. Dish Network subsidiary Sling Media announced Monday it will be selling a multi-stream device meant to be a more-affordable way to record and livestream multiple video feeds to online destinations such as Facebook Live and YouTube. Dish Network (Nasdaq: DISH) is a 13.6 million-subscriber satellite TV company. The SlingStudio “multicast” production device is aimed at…


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Should Comcast buy Verizon? Or Charter?

Last week, we got into how Comcast’s "seemingly half-hearted" bidding in the FCC spectrum auction was sparking rumors of a big deal with a wireless company down the line. That spark of speculation has now become a full-blown fire. And Comcast, in part, has Verizon to thank. Bloomberg broke the news last week that CEO Lowell McAdam is open to potential merger talks with Disney, CBS or Philadelphia's Comcast, given the company’s need to “reset” amid the industry’s digital evolution and…


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Molson Coors gives Colorado State students free beer-making equipment

Molson Coors Brewing Co., whose products have been integral parts of college students’ experiences for decades, is helping the next generation of students to learn how to make beer. The international brewery (NYSE: TAP) has donated equipment to be used at an on-campus teaching brewery at Colorado State University that is slated to open this fall. It will be part of the Fort Collins school’s fermentation science and technology program, and the beer made there will be served in the nearby Ramskeller…


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Here’s how much DIA air fares have dropped since the airport opened

Along with the growth of passenger counts at Denver International Airport over the years has come a dramatic drop in air fares. Average domestic air fares have declined 45 percent since DIA opened in 1995, according to data released today by the U.S. Department of Transportation. In 1995, when DIA opened for business, the average domestic fare from the airport was $570.90 (adjusted for inflation to the value of 2016 dollars). In 2016, the average DIA fare was $311.95, according to the figures released…


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