Business Briefs – February 21, 2017
Vail Resorts to Buy Vermont’s Stowe Mountain Ski Resort
MONTPELIER, Vt. (AP) — Colorado-based Vail Resorts says it’s buying Vermont’s Stowe Mountain ski resort for $50 million. Vail said Tuesday it has reached an agreement to acquire the Stowe resort from the Mount Mansfield Co., a wholly owned subsidiary of the American International Group.
UPS Tests Drones for Regular Deliveries in Rural Areas
NEW YORK (AP) – UPS says its latest flying test shows the potential for using drones to make deliveries in rural areas. United Parcel Service said Tuesday that a drone launched from a specially outfitted truck, made a delivery and returned to the truck during a test this week in Florida. UPS has tested drones for emergency deliveries such as medicine. In the latest test, the drone made one delivery while the driver made another by truck.
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