Mexicana halts flights, including from SJC

Mexicana Airlines, which declared bankruptcy earlier this month, announced Friday it will cease all operations by midday Saturday.
That includes one daily flight between Mineta San Jose International Airport and Guadalajara, Mexico's second-largest city, located in the state of Jalisco.
The airline had stopped four weekly flights between San Jose and the city of Morelia, in the […]

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Experience on Wall Street? Don’t run for office.

Bob Rubin and Hank Paulson. Vernon Jordan practically lives in the intersection of finance and politics. Heck, even John Edwards took a sabbatical at private equity/hedge fund firm Fortress Investment Group (FIG) between campaigns. Although Edwards’ explanation — that he wanted to understand more about how Wall Street worked so as to be better […]

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VW expands Bay Area lab as it goes green

Volkswagen AG CEO Martin Winterkorn touted his company's efforts Monday to grow to be the world's biggest car maker, including an expansion of its new car lab in the Bay Area.
"We want to take Volkswagen to the top of the industry by 2018," Volkswagen CEO Martin Winterkorn told reporters at the company's Electronics Research Laboratory […]

Congress reverses Medicare cuts

The House voted Thursday to reverse a 21% cut in government fees paid to doctors who treat Medicare patients.
The vote followed Senate passage last Friday of the same legislation, which retroactively rescinds the June 1 cut for six months and adds a 2.2% increase in doctors’ rates.
The House vote passed 417-1. Rep. George Miller, […]

Consumer prices up 2% for the year

A key index of consumer prices fell in May, but it was up 2% over the past 12 months, the government said Thursday.
The Consumer Price Index, the Labor Department’s key measure of inflation, fell by 0.2% in May on a monthly basis. Economists surveyed by Briefing.com expected a 0.1% drop.
The government report attributed most […]

SR One leads investment in NeuroTherapeutics Pharma

SR One, the venture investment arm of pharmaceutical firm GlaxoSmithKline plc, has co-led a $43 million second-round, venture-capital financing of NeuroTherapeutics Pharma Inc.
Fidelity Biosciences, a Cambridge, Mass., division of Fidelity Investments, and MPM Capital, a Boston-based VC firm, co-led the round, according to NeuroTherapeutics Pharma, which announced the financing Thursday.
New York-based biopharmaceutical company Pfizer Inc. […]

Kroenke’s major sports holdings

St. Louis Rams
NFL
1995
40 percent stake
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Arsenal
English Premier League soccer
2007
29.9 percent stake
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Denver Nuggets
NBA
2000
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Colorado Avalanche
NHL
2000
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Colorado Rapids
Major League Soccer
2003
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Colorado Mammoth
National Lacrosse League
2004
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Pepsi Center in Denver
arena
2000
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Dicks […]

Cheer up with Tax Day freebies and discounts

Still scrambling to file your taxes or waiting (still) on your refund? Companies around the country are trying to relieve the Tax Day sting with freebies and special deals.
Free brewed coffee. Stop by your corner Starbucks (SBUX, Fortune 500) with a travel mug for a free fill-up. The deal is part of the […]

Getting late in the game, but Cubs financing legislation still possible this session

Mesa city leaders and state lawmakers backing a new Cactus League stadium for the Chicago Cubs hope they don't have to wait until next year to put a financing plan into place for construction. But they acknowledge they are running out of innings to get deal done before the legislative session ends in a few […]

Ameren customers will see new charge on bills

AmerenUE’s 1.2 million Missouri electricity customers will see a new charge on bills because of higher fuel costs.
The average monthly increase for residential customers is 15 cents. The exact amount will vary by household and by month depending on electricity usage.
The charge reflects a $19.8 million rise in the utility’s fuel and purchased power costs from June to September and will appear on […]