Business | Colorado Springs Gazette
Q&A with Jay Brooks: Colorado Springs-based Simian taking off
Simian, a nearly 10-year-old, Colorado Springs-based developer of web-based media management software, is gaining traction in the advertising and entertainment industries and beyond. Started by Jay Brooks and Brian Atton as a web-focused marketing and branding agency in 2004, the company...
Cripple Creek looks to return of gamblers, tourists
Someone screamed. Red lights flashed. And a crowd gathered around the man celebrating in front of the Wildwood Casino slot machines that chimed victory. At 10:30 p.m. that Saturday, the man won a black $45,000 Audi A4 after dropping about five coins into the slot machine. Nearly 10 hours...
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Senate panel nears final big immigration decisions
WASHINGTON (AP) — The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final decisions on immigration legislation giving a shot at citizenship to millions living in the country illegally. At the same time, President Barack Obama...
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Should we let wunderkinds drop out of high school?
NEW YORK (AP) — Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. This spring, his mom, Penny Mills, let him drop out of 11th grade. She says she "could see how much...
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White House says more farm subsidy cuts needed
WASHINGTON (AP) — The Senate is debating cuts to the federal crop insurance program as it considers a massive farm bill this week. The Obama administration said Monday it wants to see more cuts to agriculture subsidies and crop insurance in the legislation, which would cost almost $100 billion a year over five years and would set policy for...
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Average credit card debt, late payments fall in 1Q
LOS ANGELES (AP) — Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of credit card payments at least 90 days overdue fell to 0.69 percent in the first quarter from 0.85 percent a year...
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AP source: Treasury told WH of IRS disclosure plan
WASHINGTON (AP) — A Treasury official says the department told the White House twice that the IRS was preparing to make public its targeting of conservative political groups. The official said Monday that Treasury told the White House in late April about a possible speech in which IRS official Lois Lerner would make a public apology and that...
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Public pension employees skip Hawaii conference
HONOLULU (AP) — Organizers of an annual conference for people who manage more than $3 trillion in public sector pension funds in the U.S. and Canada say a significant number of administrators are skipping this year's meeting in Hawaii to avoid the perception they're wasting money by heading to the island paradise. Roughly 650 people are...
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Lew taps government retiree pension fund
WASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said that he would tap the civil service retirement and...
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News Summary: Apple said to avoid tax billions
USING AFFILIATES: Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. BIG OVERSEAS HOLDINGS: Apple is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that earned $22 billion in 2011...
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Tumblr CEO's mom gushes over billion-dollar baby
NEW YORK (AP) — As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology. A few years later,...
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Yahoo looks to regain its cool with Tumblr deal
SAN FRANCISCO (AP) — After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur...
