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  • Gap reports higher profit, plans India expansion

    SAN FRANCISCO (AP) — Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco-based company also said it plans to open Gap stores in India next year. The first locations will open in the country's two largest cities, Mumbai and Delhi. Over time, the...

  • Perkins is back in Colorado Springs; who else do you want to see return?

    After The Gazette reported that Perkins Restaurant & Bakery was coming back to Colorado Springs following a three-year absence, a longtime resident left a voice mail to say how excited she was about its return. "One of the saddest days here was when Perkins closed,” she said, adding that the restaurant “is missed every day of the year.”...

  • Tech Tips: Sprint's good rates come with a price

    NEW YORK (AP) — In revamping its prices and plans this week, Sprint is joining Verizon and AT&T in letting families share pools of data. The new Sprint plans are available starting Friday and reward families that need a lot of data. But the company is also keeping an unlimited-data plan that's beneficial for individuals — and competes with a...

  • How the Dow Jones industrial average did Thursday

    The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss...

  • Hormel Foods and Hertz are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hormel Foods Corp., up $2.06 to $49.92 The maker of Spam and Dinty Moore stew reported a 21 percent jump in quarterly profit, topping Wall Street expectations. Hertz Global Holdings Inc., down 23 cents...

  • Sales tax collections indicate wallets opening up in Colorado Springs

    Colorado Springs sales tax collections in July jumped by the biggest percentage in 17 months and posted double-digit gains in back-to-back months for the first time in more than 10 years, the city's Finance Department reported this week. Collections of the city's 2 percent sales tax in July, reflecting sales made in June, were up 11.9 percent...

  • Colorado Springs restaurant gets some national love for its mac & cheese

    Bourbon Brothers Southern Kitchen restaurant in Colorado Springs has grabbed the national spotlight for one of its signature dishes. In a travel item Thursday that's headlined, "Spiked dishes and drinks across the country," national newspaper USA Today dishes superlatives about Bourbon Brothers' Maker's Mark Mac & Cheese. "The cool...

  • Ford recalling more than 160,000 vehicles

    DETROIT (AP) — Ford is recalling more than 160,000 vehicles in North America for two safety issues. The largest recall involves 159,395 Focus ST and Escape vehicles from the 2013 and 2014 model years. Ford says their engines could hesitate or stall because of a wiring problem. Ford also is recalling 616 Focus and C-Max cars made earlier this...

  • Unexpected summer blockbuster: Chinese stock funds

    NEW YORK (AP) — Surprise: One of the summer's hottest investments was also one of the most anxiety-inducing a few months earlier. Dollars are pouring into China again despite worries about the country's slowing economic growth. Chinese stock mutual funds have returned an average of 12.5 percent over the last three months, making them the...

  • S&P 500 closes at a record; Hewlett-Packard gains

    NEW YORK (AP) — Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high. Traders were encouraged by earnings gains and a decline last week in the number of people applying for unemployment benefits. The S&P 500 rose five points, or 0.3 percent, to close at 1,992 Thursday. That's four...

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