NATIONAL

Oracle agrees to buy Hyperion Solutions for $3.3 billion

Software giant Oracle Corp. agreed to buy Hyperion Solutions Corp. in a cash tender offer of $52 a share, or about $3.3 billion. The deal announced Thursday represents a premium of about 21 percent over Wednesday's closing price of Hyperion's shares of $42.84.

BLOCKBUSTER DEAL Movie-rental giant Blockbuster Inc. is in talks to acquire Movielink LLC, an online movie-downloading company owned by the major Hollywood studios, The Wall Street Journal reported. The price is said to be less than $50 million in cash and stock.

UNITED DELAY United Airlines will delay filing its annual financial report - due today - for up to two weeks and says it still is working through tax accounting related to its bankruptcy. The carrier, which emerged from bankruptcy in February of last year, said in a regulatory document that it intends to file the report by March 16.

LOCAL

Delta Petroleum Corp. reports net loss

Denver-based Delta Petroleum Corp. on Thursday reported a net loss of $10.5 million, or 20 cents per diluted share, on revenue of $44.1 million for the quarter ended Dec. 31, 2006.

For the year ended Dec. 31, 2006, Delta reported revenue of $176.6 million and net income of $435,000, or 1 cent per diluted share, compared with revenue of $107.5 million and net income of $5.7 million, or 13 cents per diluted share, in 2005.

EVERGREEN ENERGY Evergreen Energy Inc. on Thursday said its net loss for the fourth quarter of 2006 was $18.4 million, or 23 cents per diluted share, compared with $11.6 million, or 17 cents per diluted share, in the corresponding 2005 period.

Revenue for the Denver company's fourth quarter 2006 was $12.9 million, compared with $31,000 in fourth quarter 2005.

DNA HIRE Elaine Zinngrabe, a suburban Los Angeles community newspaper publisher, has been named senior vice president/interactive for the Denver Newspaper Agency.

Zinngrabe, publisher of Times Community News, a division of the Los Angeles Times, will replace Fran Wills, who left the DNA last summer.

ENVIRONMENTAL AWARD The Lakewood-based International Center for Appropriate and Sustainable Technology will receive an award today from the Colorado Alliance for Environmental Education.

The group won the 2006 Excellence in Environmental Education award for its program that allows college students to provide research needed to create sustainable businesses and infrastructure improvements in rural areas.

DEAL EXPIRES Lone Tree-based Champps Entertainment Inc. said Thursday that a $75 million buyout deal backed by investment group Kinderhook Industries LLC has expired.

Under the deal, announced in mid-January, the buyers would have purchased the company's assets, but Champps would have remained publicly traded and used the cash to invest in a new business. The restaurant operator said it is continuing to pursue a sale.

LOCKHEED CONTRACT The U.S. Air Force awarded a $108 million contract to Lockheed Martin's Jefferson County operations for launch services on its Atlas V rocket.

The contract was awarded under the Air Force's space launch services program called the Evolved Expendable Launch Vehicle.

It is for the launch of one of its military communications satellites.

ECONOMY

Personal incomes increase 1% in January

Personal incomes rose in January at the fastest clip in a year, bolstered by bonus payments to high-income executives, but construction activity fell sharply as the nation's housing industry continued to suffer through tough times.

The Commerce Department reported Thursday that personal incomes rose by 1 percent in January while consumer spending was up by 0.5 percent. The income advance was the largest since a 1.3 percent jump in January 2006, and both the income and spending gains were bigger than expected.

• The nation's manufacturing sector expanded in February, reversing the prior month's contraction, a trade group said Thursday.

The Institute for Supply Management, based in Tempe, Ariz., said its manufacturing index registered 52.3 in February, above the January reading of 49.3 and Wall Street's expectation of 50.

A reading above 50 indicates growth for the sector. The February number continues an alternating pattern for the manufacturing index.

The ISM showed contraction in November, then rebounded in December, only to fall back again in January.

• The number of newly laid off workers filing for unemployment benefits unexpectedly rose last week.

The Labor Department reported Thursday that jobless claims rose to 338,000 last week, after adjusting for seasonal variations, an increase of 7,000 from the previous week.

Analysts had been forecasting that claims would drop last week.

The increase pushed the four-week moving average for claims to 335,250, the highest level since the week of Oct. 29, 2005.

THIS JUST IN...

• Child Health Plan Plus has named Suzette Elledge as its Denver regional outreach coordinator.

• Great Divide Brewing Co. will open the Great Divide Tap Room at the company's downtown Denver brewery Monday. The room will be open from 2 to 7 p.m. Monday through Friday and noon to 5 p.m. Saturday.

• S. Robert August was elected vice president of the National Association of Home Builders' Institute of Residential Marketing.

• Sterling-Rice Group, a Boulder marketing firm, promoted Sheila Rosen to managing director.

• James S. Boyle has joined the U.S. Bank Small Business Administration Division as a business development officer and lender.

• Mayor John Hickenlooper appointed architect Michael Koch to the Denver Board of Adjustment for Zoning.

• Jose Arnaldo Amaya, senior project manager for JE Dunn Construction, has been appointed president-elect of the board of directors for the Hispanic Contractors of Colorado.

• Riverfront Park has named Chris Frampton as managing partner, promoted Andy Hines to director of sales and Caroline Ellett to director of marketing.

• Holland & Hart appointed Kent Karber as administrative partner in the firm's Colorado Springs office.

• LeGrand Hart, a Denver public relations firm, has hired Jeremy Story to serve as director of its new corporate practice.

• Kelly Greene, a Denver metro retail broker, moved from vice president of Trammell Crow Co./CB Richard Ellis to David/Hicks Brokerage.

• !mpossible Pictures, a Denver-based creative digital studio, has added VFX supervisor Ed Kramer to its team.

• Arapahoe County-based IHS Inc. appointed Ed Mattix as vice president of corporate communications.

• Greg Jamison, president and CEO of the San Jose Sharks hockey team and Colorado State University alumnus, will speak at CSU's Business Day at 1:30 p.m. Wednesday in the East Ballroom of the Lory Student Center.

Rocky staff and wire reports

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