Wayne Heilman

Business Reporter

  • Colorado Springs bank no longer under federal restrictions

    Updated: Wed, Feb 11, 2015

    Federal regulators have released Academy Bank in Colorado Springs and four out-of-state institutions owned by the same holding company from federal orders that required them to restrict lending, prohibit paying dividends to owners and take steps to reduce problem loans. The release...

  • Going up: Average gas price in Colorado Springs back above $2

    Updated: Tue, Feb 10, 2015

    Colorado Springs' trip down memory lane to gasoline prices under $2 a gallon is over after just six weeks, and industry experts expect the cost to continue to climb. Local prices jumped more than 18 cents last week to put the city's average price of gas at more than $2 a gallon for...

  • Colorado Springs economic development: Moving forward in 2015

    Updated: Mon, Feb 9, 2015

    In the business world, as in the realm of romance, new marriages aren't immune to a few rocky patches those first few years. Just ask the Colorado Springs Regional Business Alliance, which was formed in 2012 when the Greater Colorado Springs Chamber of Commerce and the Colorado...

  • Former Memorial hospital exec tapped to lead Colorado Springs Health Foundation

    Updated: Sat, Feb 7, 2015

    A former Memorial Health System executive has been nominated as executive director of the Colorado Springs Health Foundation, which received $31 million when the city-owned hospital system was leased in 2012 to University of Colorado Health. After a five-month search for the post, the...

  • 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...