Connect to share and comment

Aspen Insurance rejects Endurance Specialty's offer to buy it for about $3.2 billion

Aspen Insurance Holdings Ltd. said Monday that its board has rejected a proposal from fellow insurance company Endurance Specialty Holdings Ltd. to buy it for about $3.2 billion. Aspen said its board rejected the proposed deal because it is "not in the best interest" of the company or shareholders, and that Endurance "has a mixed operating track record, new leadership, an unproven strategy and no experience with large acquisitions." Earlier Monday, Endurance went public with its proposal to buy Aspen after being snubbed by the company for three months.

Endurance offers to buy fellow insurance company Aspen Insurance for about $3.2 billion

PEMBROKE, Bermuda - Endurance Specialty Holdings Ltd. says it has proposed to buy Aspen Insurance Holdings Ltd. in a deal worth about $3.2 billion after being snubbed by the fellow insurance company. Endurance says Aspen's board and management have refused to discuss the possible acquisition since January. Representatives from Aspen did not immediately respond to a request for comment.

Tumbleweeds plague drought-stricken American West

By Keith Coffman DENVER (Reuters) - Forty-eight hours after a recent windstorm blew a wall of tumbleweeds into his community on the high plains of Colorado, Robert McClintock and his neighbors were still working to clear away heaps of the spiny plant. "It was crazy. Some piles were more than 10 feet high," said McClintock, 38, as he and other residents in this town 15 miles southeast of Colorado Springs toiled to rake up and bag stacks of the thorny weed littering the subdivision.

Statewide hit-and-run roadside alerts become law in Colorado with measure honouring victim

DENVER - Colorado will be the first state to issue statewide roadside and broadcast alerts for hit-and-run crashes under a bill signed into law Tuesday. The law creates an Amber Alert-style notification system when authorities are looking for vehicles involved in serious hit-and-run crashes. The system includes quickly alerting the media and issuing bulletins on electronic highway signs that describe the fleeing vehicles. It will be implemented next year.

Colorado school suspends girl who shaved head to support friend with cancer

By Keith Coffman DENVER (Reuters) - A 9-year-old Colorado girl who shaved her head in support of her cancer-stricken friend was briefly suspended for violating her school's dress code before being allowed to return on Tuesday, her mother said. Jamie Renfro said in a Facebook post that Caprock Academy in Grand Junction, Colorado sent her daughter Kamryn home on Monday after she arrived with a bald head to show solidarity with an 11-year-old friend who lost her hair after undergoing chemotherapy.

Colorado officials report roughly $2M in recreational pot taxes in January, 1st month of sales

DENVER - Colorado made roughly $2 million in marijuana taxes in January, state revenue officials reported Monday in the world's first accounting of the recreational pot business. The tax total reported by the state Department of Revenue indicates $14.02 million worth of recreational pot was sold. The state collected roughly $2.01 million in taxes. Colorado legalized pot in 2012, but the commercial sale of marijuana didn't begin until January. Washington state sales begin in coming months.

Latino voters back protection of environment

Denver, Feb 13 (EFE).- Hispanic voters in the Rocky Mountain states continue to exercise an important influence on local politics, particularly regarding the protection of the environment on the regional and community level, according to a poll released Thursday by Colorado College. Eleven years ago, as part of its State of the Rockies Project, the college began surveying attitudes toward the environment in the states of Arizona, Colorado, Montana, New Mexico, Utah and Wyoming.

Avalanche kills 2 skiers, injures 2 others, in Oregon

By Keith Coffman and Teresa Carson (Reuters) - Two cross-country skiers were killed on Tuesday by an avalanche in eastern Oregon, while the body of a Colorado skier buried in a snow slide was recovered, bringing to 12 the number such fatalities reported in the United States this winter. A total of eight skiers were caught in the Oregon slide, which occurred at about noon local time near Little Eagle Meadows in the Southern Wallowa Mountains, about 350 miles east of Portland, according to the Baker County Sheriff's Office.

Colorado teen who set himself ablaze at high school dies

By Keith Coffman DENVER, Feb 10 (Reuters) - A 16-year-old Colorado boy who set himself ablaze in a suicide attempt last month in the cafeteria of his suburban Denver high school in front of 60 classmates has died from his injuries, police said on Monday. Vincent Nett, a student at Standley Lake High School in the suburb of Westminster, walked into the school about 7 a.m. on Jan. 27, doused himself with a flammable liquid and set himself alight.

U.S. Senator Udall's son arrested in Colorado on drug charges

DENVER (Reuters) - The 26-year-old son of U.S. Senator Mark Udall was arrested on suspicion of drug possession and trespassing over accusations he tried to break into cars and admitted he was doing heroin, police in Colorado said on Thursday. Jedediah Lee Fox-Udall was taken into custody on Wednesday after residents in Eldorado Springs, Colorado, just south of Boulder, called police to report that a man was breaking into cars in their neighborhood, said Commander Heidi Prentup of the Boulder County Sheriff's Office.
Syndicate content