Wayne Heilman

Business Reporter

  • U.S. economy has good times ahead, bank exec tells Colorado Springs audience

    Updated: Fri, Feb 6, 2015

    An improving U.S. job market should result in accelerated economic growth this year, UMB Bank's top investment executive said Thursday in Colorado Springs. Much of the improvement will come from the housing market, K.C. Mathews, executive vice president and chief investment officer of...

  • Northwestern Mutual's Colorado Springs office bests 300 others in the U.S.

    Published: Thu, Feb 5, 2015

    The Colorado Springs district office of Northwestern Mutual has been named the top producer among the company's 300 U.S. offices, the Milwaukee-based insurer announced Thursday. The office will celebrate its No. 1 ranking Friday with a gathering that will include a proclamation...

  • Organizer wants new Colorado Springs balloon event to be bigger, better

    Updated: Thu, Feb 5, 2015

    Organizers of a new hot air balloon event planned for Labor Day weekend plan to "bring the best" from a similar event, with up to 100 balloons, free admission and parking and a menu of events to expand the event beyond ballooning. Scott Appelman, who owns both Hot Apple Productions...

  • Same old story: Colorado Springs jobless rate falls, but not for the best reason

    Updated: Thu, Feb 5, 2015

    The Colorado Springs area unemployment rate fell to a 6½-year low in December, but only because workers continued to leave the job market, the U.S. Bureau of Labor Statistics reported Wednesday. The 5.2 percent unemployment rate in December is the area's lowest since April 2008 and...

  • Colorado Springs company cuts product line once touted as its 'future'

    Updated: Thu, Feb 5, 2015

    Atmel Corp. said Wednesday it will sell or shut down its XSense product line in Colorado Springs, just 15 months after introducing it with great fanfare at its local manufacturing plant. XSense, which was designed to be used in smartphones, tablets and other touchscreen devices, was...

  • Local dip in auto registrations likely an 'anomaly'

    Published: Wed, Feb 4, 2015

    Auto sales might have been in high gear nationwide last month, but the new vehicle market in El Paso County headed into reverse in January. The number of new vehicle registrations last month fell 16.9 percent from a year earlier to 2,130, the second decline in the past three months...

  • Colorado Springs drone startup gets state's 'stamp of approval': a $50k grant

    Updated: Tue, Feb 3, 2015

    It may be just a one-person operation still in the fledgling stage, but a Colorado Springs startup got a big push from the state last week when it became the first enterprise from the Pikes Peak region to win an advanced-industries grant under a 2-year-old economic development program....

  • Three business-service agencies formalize Colorado Springs ties

    Updated: Tue, Feb 3, 2015

    Two agencies that work with small and minority-owned businesses and a third that helps businesses win government contracts will sign an agreement Wednesday to make formal what already exists in Colorado Springs - a requirement under a new state law. The Colorado Procurement Technical...

  • Colorado Springs company has second layoff in three months

    Updated: Fri, Jan 30, 2015

    Diamond Wire Material Technologies, a Colorado Springs-based diamond-wire cutting business, laid off 43 employees Wednesday, its second major cutback in the past three months. The reduction leaves Diamond Wire with about 150 employees who develop and manufacture the wire, which is...

  • Creation by Colorado Springs company helps health insurance shoppers

    Updated: Wed, Jan 28, 2015

    Connect for Health Colorado, which operates the state's health insurance exchange, has begun using a virtual assistant developed by Colorado Springs-based CodeBaby Corp. to help consumers navigate its website and purchase health care coverage. The assistant, named Kyla, appears on...