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  • Who will design and build Colorado Springs' Olympic Museum?

    U.S. Olympic Museum organizers announced Monday that five firms with local, national and international experience will design and build the $60 million project in downtown Colorado Springs. The team's creativity, ability to work together and to stay within budget will be crucial to the museum's success and the enhancement of the southwest...

  • Developers say work to begin on Vegas Strip arena

    LAS VEGAS (AP) — Developers said Wednesday they're starting construction on a privately-funded $1.4 billion retractable-roof sports arena and resort backed by a former UNLV and National Basketball Association player at a former waterpark site on the Las Vegas Strip. Although they await final approvals from several agencies, businessman and...

  • WhatsApp founders own nearly $9B in Facebook stock

    SAN FRANCISCO (AP) — WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month. The breakdown of the big winners in Facebook Inc.'s $22 billion acquisition emerged Wednesday in...

  • ESSENTIALS: Business briefs from the Pikes Peak region

    - Randy Reynolds, a broker associate with Berkshire Hathaway Home Services Rocky Mountain in Colorado Springs and a veteran Springs real estate agent, was named Colorado Realtor of the Year by the Colorado Association of Realtors at the organization's 94th annual convention Oct. 19-21 in Denver. According to the association, the award is the...

  • MONEY & THE LAW: Research vehicle service contracts before buying one

    Although cars and trucks have become more reliable in recent years, they are not immortal. This invites a discussion of "extended warranties," more correctly called "motor vehicle service contracts" under Colorado law. Motor vehicle service contracts are not, in fact, warranties because they don't come from the manufacturer or seller of the...

  • IT'S YOUR MONEY: Determine your 'money personality' to make smarter choices

    Each of us has a unique way of thinking about money. Knowing how you approach finances can help you know what type of less-than-optimal decisions you might be likely to make. This column will look at money personalities from the perspective of Bert Whitehead, a pioneer in the financial planning profession, and part of the core philosophy of the...

  • Apple Pay rival defends service, exclusivity

    NEW YORK (AP) — A mobile payment service backed by Wal-Mart, Best Buy and other leading retailers is defending its practice of prohibiting its members from accepting alternatives such as Apple Pay. In a conference call with reporters, Merchant Customer Exchange shopped short of giving a reason for requiring exclusivity. But officials say...

  • Schilling, trustee reach bankruptcy agreement

    PROVIDENCE, R.I. (AP) — Ex-Boston Red Sox pitcher Curt Schilling has reached a tentative agreement to settle financial claims in the 38 Studios bankruptcy case in Delaware. Court documents show the federal bankruptcy trustee has agreed to settle claims against Schilling and three former 38 Studios officials for $300,000. The agreement,...

  • Durango Mountain Resort agrees to sale

    Durango Mountain Resort agrees to sale  DURANGO — Durango Mountain Resort, also known as Purgatory, is being sold to a local resident and businessman, its owners announced Wednesday. The Durango Herald reported (http://bit.ly/1tiaSt4 ) the resort will be sold to James Coleman, who also owns Sipapu Ski and Summer Resort south of...

  • Visa posts lower 4Q profit; beats Street views

    LOS ANGELES (AP) — Visa Inc.'s profit fell about 10 percent in its fiscal fourth quarter, weighed down by one-time litigation expenses. But the latest results beat Wall Street expectations and the Foster City, California, company also announced a $5 billion share buyback program, sending its stock up 4 percent in extended trading Wednesday....

  • Minnesota electrofishing measures walleye stocking

    PALMER, Minn. (AP) — The walleye lay flat on the surface of Rush Lake, most of them smaller than the array of oak leaves floating around them. In three to five years they'll be keeper-size, at least 15 inches. On a calm night in mid-October, the young of the year were the target of a Minnesota Department of Natural Resources electrofishing...

  • Chrysler recalls over 566,000 trucks, SUVs

    DETROIT (AP) — Fiat Chrysler is recalling more than 566,000 trucks and SUVs in two recalls to fix malfunctioning fuel heaters that can cause fires and a software glitch that can disable the electronic stability control. The recalls bring the newly merged company's total for the year to 6.4 million vehicles worldwide and 5.1 million in the U.S....

  • Judge denies order to stop Uber in Nevada

    LAS VEGAS (AP) — A judge has denied a request from Nevada's attorney general to temporarily shut down the ride-sharing company Uber's operations in the state. Clark County District Court Judge Douglas Herndon refused to issue the temporary order sought by the Nevada Transportation Authority on Wednesday, saying Uber doesn't pose immediate...

  • Kraft tops 3Q profit forecasts

    NORTHFIELD, Ill. (AP) — Kraft Foods Group Inc. (KRFT) on Wednesday reported third-quarter earnings of $446 million. The Northfield, Illinois-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring costs, were 78 cents per share. The results topped Wall Street expectations. The average estimate of analysts...

  • Dreamworks beats Street 3Q forecasts

    GLENDALE, Calif. (AP) — Dreamworks Animation SKG Inc. (DWA) on Wednesday reported net income of $11.9 million in its third quarter. The Glendale, California-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring gains, were 10 cents per share. The results exceeded Wall Street expectations. The average...

  • Shutterfly beats 3Q profit forecasts

    REDWOOD CITY, Calif. (AP) — Shutterfly Inc. (SFLY) on Wednesday reported a loss of $46.2 million in its third quarter. The Redwood City, California-based company said it had a loss of $1.20 per share. Losses, adjusted for one-time gains and costs, were $1.12 per share. The results topped Wall Street expectations. The average estimate of...

  • Take-Two tops Street 2Q forecasts

    NEW YORK (AP) — Take-Two Interactive Software Inc. (TTWO) on Wednesday reported a loss of $41.4 million in its fiscal second quarter. The New York-based company said it had a loss of 51 cents per share. Losses, adjusted for one-time gains and costs, came to 44 cents per share. The results topped Wall Street expectations. The average estimate...

  • Weight Watchers beats Street 3Q forecasts

    NEW YORK (AP) — Weight Watchers International Inc. (WTW) on Wednesday reported third-quarter profit of $37.9 million. On a per-share basis, the New York-based company said it had profit of 67 cents. Earnings, adjusted for restructuring costs, were 68 cents per share. The results exceeded Wall Street expectations. The average estimate of...

  • Colorado Springs unemployment, job growth figures give mixed signals -- but are they right?

    At first blush, the latest job numbers for the Colorado Springs area seem alarming. While the local unemployment rate in September fell to a six-year low of 5.8 percent, which is good news, the drop was the product of a 2,000-person decline in the labor force between August and September - the biggest monthly drop in the area's labor force...

  • Identity theft victims lose more than money

    WASHINGTON (AP) — Personal data was stolen from 100 million Americans this year in cyber-attacks and thefts from retailers, banks and hospitals. Many of them will become victims of identity theft. While the financial hit to people and companies is real, the emotional impact can be "life-altering," says Terrell McSweeny, a member of the Federal...

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