DCP

Another case similar to the recent biggest-ever cyber fraud case reported in Delhi where a woman doctor lost more than Rs 4.5 crore has been reported in Mumbai. A woman IT professional from the city was allegedly cheated of Rs 1.97 lakh by cyber fraudsters, who posed as narcotics department officials. The cybercriminals claimed that her Aadhaar number was linked to the bank accounts of criminals, police said. The incident came to light when the woman lodged an FIR with the police. In the Delhi cyber crime case too, the…

Chinese private equity firm DCP Capital aims to sell its Singaporean portfolio firm MFS Technology, which makes flexible printed circuit boards, for at least $550 million, two people with knowledge of the matter told Reuters. The firm, founded by former KKR & Co dealmakers David Liu and Julian Wolhardt, started marketing the sale on Friday and will send out confidential information memoranda next month, one of the sources said. The sale is targeting primarily financial sponsors, but also strategic buyers, according to…

Three Colorado employers have notified the state that they plan to eliminate 334 jobs in Denver and Pueblo, according to Worker Adjustment and Retraining Notification letters filed with the Colorado Department of Labor and Employment this week. The largest of the three layoffs comes from Pinnacle Architectural Lighting Inc., which is closing its lighting products manufacturing plant and distribution facility at 3801 Havana St. in Denver and eliminating 151 jobs. The cuts are expected to start in June and stretch through…

A Weld County natural gas operator will pay a $3.25 million fine and spend more than $1.5 million to upgrade one of its plants to reduce harmful air emissions in an agreement with the state, the U.S. Department of Justice and the Environmental Protection Agency announced Monday. DCP Operating Company LP and five other subsidiaries of DCP Midstream LP were accused of thousands of failures to monitor and repair leaking equipment at eight natural gas processing plants, including six in Front Range counties that already are…