Exclusive-How Norway's Equinor exited Russia: Move fast, sell cheap

LONDON/OSLO (Reuters) – Norway’s Equinor became the first Western oil major to fully exit Russia this month, avoiding the high-profile clashes with Moscow experienced by some rivals – but it also paid a price.FILE PHOTO: Norwegian energy company Equinor’s flag is seen at its headquarters in Stavanger, Norway, December 5, 2019. REUTERS/Ints Kalnins/File PhotoAccording to […]

Rocky’s Autos in Denver goes out of business after 40 years

Rocky’s Autos, the Denver used car dealership known for its creative TV commercials, is officially dissolving after four decades in business. The lot at 6350 N. Federal Blvd. was largely empty Wednesday afternoon, although the lights were on and on-site messaging still proclaimed it as “Colorado’s largest volume dealer since 1982.” Rocky’s Autos is recognized […]

Stocks eye 3% weekly loss, dollar sky high before U.S. jobs data

LONDON/SYDNEY (Reuters) – World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day on Friday ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.FILE PHOTO: Signage is seen outside the entrance of the […]

U.S., European banks could lose over $5 billion from risky buyout loans

NEW YORK (Reuters) -Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market.U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/IllustrationThe biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans […]

23-story project in Denver’s Golden Triangle neighborhood will incorporate existing retail building

The development firm that recently purchased the Bonnie Brae Tavern and original Cherry Cricket properties is thinking big in the Golden Triangle. Denver-based Alpine Investments, in conjunction with New Jersey-based Ironstate Development, wants to build a 23-story, 285-unit apartment building at the northwest corner of 11th Avenue and Cherokee St. The 250-foot-tall structure would be […]