Business

About one in five U.S. tax filers owed the federal government money on their 2017 returns, but in Colorado, that ratio is closer to one in four, according to a study from SmartAsset. “In 2017, 24.2% of Colorado tax returns had underpayments,” said Casey Luneva, a spokeswoman for the New York-based personal finance technology company. […]

SANTA CLARA — The family foundation for legendary Silicon Valley developer Sobrato Organization has sold some big buildings in Santa Clara, including two leased to ServiceNow, for nearly $300 million. The buildings involved in separate transactions this month are all in Santa Clara, with addresses of 2215 Lawson Lane, 2225 Lawson Lane and 4590 Patrick […]

Last year was the most lucrative 12 months for cannabis sales in Colorado since the state’s voters legalized recreational marijuana. Medical and recreational cannabis sales hit a record $1.75 billion in 2019, up 13% from 2018, according to data from the Department of Revenue’s Marijuana Enforcement Division. Marijuana tax collections also hit an all-time high, […]

PG&E posted a $3.62 billion loss for its fourth quarter that ended in December, but the embattled and disgraced utility said Tuesday it’s on track to emerge from a bankruptcy quagmire linked to the company’s liabilities for a string of lethal wildfires. For all of 2019, PG&E lost $7.66 billion, the company stated in its […]

As Tesla gets its Shanghai Gigafactory up and running after a temporary shutdown earlier this month due to the coronavirus outbreak in China, the company is having to put the brakes on the start of its first such factory in Europe. A German court ruled over the weekend that Tesla has to temporarily halt work […]

How much are we spending to help the homeless? Where is that money going? And, is it helping? Those are the questions Assemblymember David Chiu, D-San Francisco, hopes to answer with a new bill introduced Tuesday. Assembly Bill 2329 would mandate an analysis of all homelessness programs throughout California, as a way to determine whether […]

By ELLIOT SPAGAT | The Associated Press SAN DIEGO — The Trump administration said Tuesday that it will waive federal contracting laws to speed construction of a wall at the U.S.-Mexico border. The Department of Homeland Security said waiving procurement regulations will allow 177 miles (283 kilometers) of wall to be built more quickly in […]

By DEE-ANN DURBIN | The Associated Press Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company has been struggling with increased competition from budget-friendly online retailers like Wayfair and Amazon and […]

The Boy Scouts of America announced early Tuesday that it has filed for Chapter 11 bankruptcy protection, saying its goals are twofold: “Equitably compensate victims who were harmed during their time in scouting and continue carrying out its mission for years to come.” BSA noted that local scouting councils are legally separate, distinct, and financially […]

Apple on Monday said that due to the coronavirus outbreak, it is cutting its sales expectations for the current quarter. Last month, Apple projected record revenue for this quarter of between $63 billion and $67 billion, The Wall Street Journal reports. The coronavirus outbreak originated in Wuhan, China, and stores and factories across the country […]

By Gina Yu | CNN Measles may lead to serious, fatal complications not often associated with the disease, a new study finds. Almost a third of all reported cases of measles have complications such as pneumonia, hepatitis and viral meningitis, according to the study, published Monday in the medical journal BMJ Case Reports. The authors […]

Amazon CEO Jeff Bezos announced on Monday that he is launching the Bezos Earth Fund, pledging to give $10 billion in grants to scientists, activists, and organizations trying to combat climate change. Bezos said climate change is “the biggest threat to our planet,” and he wants to “work alongside others both to amplify known ways […]