BOULDER’S ZAYO NARROWS LOSS, GROWS REVENUE
Boulder’s Zayo Group on Friday said it lost lessmoney and grew its revenues in its most recent quarter. But analysts had expected a profit, which sent Zayo’s stock down 5.3 percent Friday to close at $ 21.89.
The telecom, which builds and manages Internet pipes connecting businesses in the U. S. and Europe, reported a net loss of $ 10.8 million during its fiscal second quarter, which ended Dec. 31. A year earlier, Zayo’s loss was $ 15.2million.
The company posted a net loss of 4 cents per share. Nine analysts surveyed by Zacks Investment Research had expected earnings of 4 cents per share. Second- quarter revenues grew 3 percent to $ 369.6 million.
Sale of SourceGas to Black Hills done. South Dakota- based Black
Hills Corp. says it has completed the $ 1.9 billion purchase of Golden- based SourceGas Holdings, which operates four gas utilities serving 429,000 customers in Arkansas, Colorado, Nebraska andWyoming.
Utility commissions in those states approved the deal, which included the assumption of $ 760 million in debt. The sale originally was announced in July.
SourceGas serves all or parts of 19 counties in northeastern Colorado and theWestern Slope, including Telluride, Aspen and Glenwood Springs.
The combined company will have more than 1.2 million utility customers in eight states.
Volkswagen resisted air bag recall
B detroit » Volkswagen resisted U. S. government efforts to recall more cars and trucks to fix potentially deadly Takata air bags— telling safety regulators that a recall isn’t necessary.
The German automaker, in hot water for cheating on U. S. pollution tests, eventually agreed to the recall, according to documents posted Friday on the National Highway Traffic Safety Administration website.
Volkswagen AG is recalling about 850,000 Audi andVWvehicles in the U. S. from model years 2006 to 2014. But in a letter to the safety agency, the company said the request to recall most of the Volkswagens “may be overbroad.”
U. S., Cuba to sign flight agreement
B havana » U. S. officials say the United States and Cuba will sign an agreement Tuesday to restart commercial air traffic for the first time in five decades. It will let U. S. airlines bid on routes for dozens of U. S.- Cuba flights per day. That’s more than five times the current number of flights, all of which are charters.
Kroger to offer anti- overdose drug without prescription B
cincinnati » Ohio- based grocery chain Kroger Co. said Friday it will make the overdose- reversal drug naloxone available without a prescription in its pharmacies across Ohio and northern Kentucky, a region hit hard by deadly heroin. Kroger said more than 200 of its pharmacies will offer naloxone over the counter within days.
Trial ordered in Facebook nudepainting case B » If you post a
paris 19th- century nude painting on Facebook, is it art or impermissible nudity? That question is now cleared for trial in France, after an appeals court there ruled that an aggrieved user can sue the social network.
Five years ago, Facebook suspended the account of Frederic DurandBaissas without prior notice. That was the day he posted a photo of Gustave Courbet’s 1866 painting “The Origin of theWorld,” which depicts female genitalia.
Durand- Baissas wants his account reactivated and is asking for 20,000 euro in damages.