Man shot and killed at Lakewood motel Monday

A 29-year-old man was killed Monday morning after being shot at a Lakewood motel.

Police found the man, who has not been identified, suffering from gunshot wounds just before noon at the Trails End Motel, 9025 W. Colfax Ave, authorities said in a news release. He later died at the hospital.

Police did not have suspect information Monday afternoon, though they did not believe there is any remaining threat to the public.

Additional details about the nature of the shooting were not immediately released.

Crane Q4 Profit Rises

Crane Co. (CR) Monday reported fourth-quarter net income of $72.1 million or $1.22 per share, up from $46.8 million or $0.80 per share last year.

Excluding special items, fourth-quarter earnings from continuing operations were $1.25 per share, up from $0.92 per share last year. Analysts polled by Thomson Reuters expected earnings of $1.12 per share for the quarter. Analysts’ estimates typically exclude one-time items.

Sales for the fourth quarter rose 13% to $770.5 million from $683.7 million last year. Analysts had a consensus revenue estimate of $745.86 million.

Looking forward to full year 2022, the company expects earnings from continuing operations of $6.85-$7.25 per share, adjusted earnings from continuing operations of $7.00-$7.40 per share and sales to be approximately $3.3 billion with core sales growth of 4% to 6%. Analysts currently estimate earnings of $7.23 per share on revenues of $3.36 billion.

European Economics Preview: Germany ZEW Economic Confidence Due

Economic sentiment from Germany and unemployment from the UK are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data for October. The jobless rate is forecast to remain unchanged at 4.2 percent in three months to November.

In the meantime, the European Automobile Manufacturers’ Association, or ACEA, is slated to issue Europe new car registrations for December.

Half an hour later, Swiss producer and import prices are due for December. Prices had increased 5.8 percent annually in November.

At 4.00 am ET, Italy’s Istat releases foreign trade data for November.

At 5.00 am ET, Germany’s ZEW economic confidence survey results are due. The economic sentiment index is forecast to rise to 32.7 in January from 29.9 in December.

Spirax-Sarco Engineering To Buy Cotopaxi In 13.3 Mln Pound Deal

Spirax-Sarco Engineering plc (SPX), a thermal energy management business on Monday said it agreed to acquire privately held Cotopaxi Limited, a digitally enabled, global energy consulting and optimization specialist, from Business Intelligence of Oriental Nations Corporation Ltd.

The consideration of 13.3 million pounds, which is 12.8 million pounds on a cash and debt free basis, would be funded from cash resources.

U.K.-based Cotopaxi, established in 2009, provides consulting, digital connectivity and monitoring of energy intensive processes, including steam. Cotopaxi’s proprietary and customized software platform generates critical insights, which are used to help its industrial customers to reduce waste and drive efficiencies in their operations through more effective management of energy use. In the year ended 31st December 2020, Cotopaxi reported revenues of 2.2 million pounds, whereas pre-pandemic revenues were 4.8 million pounds.

Cotopaxi would be integrated within the Group’s Steam Specialties business.

Shares of Spirax-Sarco Engineering, closed Friday’s trading at 13040 pounds, down 285 pounds or 2.14 percent from previous close.

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Oil Prices Rise On Supply Fears

Oil prices rose slightly on Monday amid fading Omicron fears and lingering concerns over tightening supplies on the back of geopolitical tensions in Eastern Europe and the Middle East.

Brent crude futures for April delivery rose 27 cents, or 0.3 percent, to $87.35 a barrel, while U.S. West Texas Intermediate (WTI) crude futures for March settlement were up 27 cents, or 0.3 percent, at $85.41.

Both crude benchmarks rose for a fifth week in a row last week amid demand optimism and signs of dwindling supplies.

The World Health Organization (WHO) has for the first time in a while indicated that the pandemic could come to an ‘end’ in Europe after the current Omicron-driven wave passes over.

The U.S. State Department announced Sunday evening it would reduce staff levels at the U.S. Embassy in Kyiv, Ukraine, beginning with the departure of nonessential staff and family members due to the threat of military action from Russia.

In the Middle East, the United Arab Emirates (UAE) government has ordered to stop all flying operations of private drones and light sports aircraft in the Gulf country for a month, following a deadly drone attack last week by Yemen’s Houthis on the Gulf country.

Also, OPEC and its allies continued to struggle to raise their output in line with targets, helping keep sentiment in the oil market bullish.

Denver metro area school and government office closures for Jan. 25, 2022

On days with severe weather, school closures and government office closures will be updated throughout the day.

A status of “Other” means there is an early closing or some cancellations — check the website by clicking the name in the list.