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  • Some things to know from the AP-NORC employer poll

    Employers consider employee health insurance a priority. This is despite years of rising medical costs and pressure from the federal health care overhaul. But new surveys suggest coverage may grow skimpier in the coming years. A poll from The Associated Press-NORC Center for Public Affairs Research found that companies that offer health...

  • Everest College in Colorado Springs part of Corinthian College's sell-off of 56 campuses

    LOS ANGELES - Everest College in Colorado Springs and a related 350-person call center on Garden of the Gods Road are being sold to a nonprofit entity as part of an agreement by their parent company, Corinthian Colleges Inc., to sell off 56 of its campuses for $24 million. The deal between Santa Ana, Calif.-based Corinthian and Minnesota-based...

  • Los Angeles company buys a third major commercial property in Colorado Springs

    Industrial Realty Group of Los Angeles has paid $9 million to buy an office and manufacturing campus on Colorado Springs' north side, marking its third major acquisition in the Pikes Peak region in the last five years. IRG, a privately owned real estate development and investment firm, completed a deal Thursday to buy a two-story,...

  • MOVERS & SHAKERS

    Richard Lary has been promoted to chief technical officer at X-IO Technologies in Colorado Springs. Lary has been in the computer industry for more than 40 years, and has been awarded more than 30 patents. He joined X-IO in 2009. get More, submit item See Sunday's Business section for more Movers & Shakers. To submit an item, go to the...

  • Explosion on Gulf platform; 1 dead, 3 injured

    NEW ORLEANS (AP) — An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico on Thursday, killing one person and injuring three. The Bureau of Safety and Environmental Enforcement said Fieldwood Energy reported the explosion on its Echo Platform just before 3 p.m. about 12 miles off Louisiana's coast. In a statement late...

  • California tuition hike fight shifts to Sacramento

    SAN FRANCISCO (AP) — University of California President Janet Napolitano prevailed Thursday in persuading the system's governing board to authorize five years of tuition increases, a politically risky move likely to ignite months of debate to determine if the costs ultimately fall on students or taxpayers. Over the shouts of demonstrators and...

  • Asia stocks dulled by weak economic reports

    SEOUL, South Korea (AP) — Asian stock markets were lackluster Friday as positive economic news from the U.S. was tempered by weakness in Europe, China and Japan. KEEPING SCORE: Japan's Nikkei 225 fell 0.8 percent to 17,154.61 while Hong Kong's Hang Seng was up 0.2 percent to 23,389.12. Australia's S&P/ASX 200 dropped 0.2 percent at 5,305.80....

  • Employers decry 'break' in West Coast port talks

    LOS ANGELES (AP) — Negotiations over a new contract for dockworkers at 29 West Coast ports took an unexpected turn Thursday, as the union insisted on "small table" talks while employers decried the "extended break." The full teams for the longshoreman's union and the association representing trans-ocean shipping lines and operators of port...

  • How the AP-NORC Center poll was conducted

    The Associated Press-NORC Center for Public Affairs Research poll of employers on the health insurance market was conducted Aug. 19 to Oct. 8, 2014, among a random sample of 1,061 employers with at least three full-time or part-time employees. The survey was conducted with funding from the Robert Wood Johnson Foundation. Interviews with the...

  • Senators get no clear answers on air bag safety

    WASHINGTON (AP) — There were apologies and long-winded explanations, but after nearly four hours of testimony about exploding air bags, senators never got a clear answer to the question most people have: whether or not their cars are safe. A hearing Thursday before the Senate Commerce Committee featured an apology from the quality chief for...

  • Kozy Shack recalls some puddings over labeling

    ARDEN HILLS, Minn. (AP) — Pudding maker Kozy Shack Enterprises is recalling some of its puddings because they are not labeled as containing milk. The voluntary recall involves 4-ounce cups of Foodservice Kozy Shack Simply Well Chocolate Pudding. The recalled pudding was distributed through foodservice distribution channels and not sold in...

  • Soaring generic drug prices draw Senate scrutiny

    WASHINGTON (AP) — Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a backlash from patients, pharmacists and now Washington lawmakers. A Senate panel met Thursday to scrutinize the recent, unexpected trend among generic medicines, which...

  • Fed to review its oversight of big banks

    WASHINGTON (AP) — The Federal Reserve said Thursday that it will review how it oversees the biggest U.S. banks amid criticism that it has grown too close to the financial institutions it is charged with regulating. The Fed's announcement came a day before a Senate subcommittee is scheduled to hold a hearing on whether Fed examiners —...

  • Groups sue feds over Pacific bigeye fishing rule

    HONOLULU (AP) — Environmental groups on Thursday sued the National Marine Fisheries Service to challenge a new rule for fishing bigeye tuna, a popular species for sushi and fish steaks. The regulation undermines international efforts to end overfishing of bigeye, said the lawsuit, which was filed in federal court by the environmental law firm...

  • Government tells Chrysler to speed up Jeep recall

    DETROIT (AP) — The nation's auto safety agency is telling Chrysler to speed up a recall of 1.5 million older Jeeps with gas tanks that can rupture in a rear collision. The National Highway Traffic Safety Administration sent a letter to Chrysler on Wednesday saying that a "woeful" 3 percent of the Jeeps have been fixed, more than a year after...

  • Man admits $20 million Ponzi scheme in New Jersey

    TRENTON, N.J. (AP) — A central New Jersey man has admitted running a $20 million Ponzi scheme. Louis Spina faces up to 20 years in prison for wire fraud when he's sentenced in February. Spina pleaded guilty in federal court in Trenton on Thursday. The U.S. attorney's office says the 57-year-old Colts Neck resident persuaded 36 investors to...

  • Colorado Springs bank ranked 4th in U.S. in commercial, industrial lending growth

    Academy Bank in Colorado Springs ranked in the top 15 among U.S. community banks for its growth in commercial and industrial lending over the last year, according to Sageworks Bank Information, a financial information company. In a news release Thursday, Sageworks showed Academy Bank at No. 4 on the list, with a 761 percent growth in...

  • Arizona sues General Motors over delayed recalls

    PHOENIX (AP) — Arizona's attorney general has sued General Motors Co. for failing to recall millions of cars and trucks with safety defects the auto giant did not disclose for years. The lawsuit seeks potentially billions of dollars in fines. Attorney General Tom Horne said Thursday that he sued under the state's consumer fraud statutes and is...

  • Hertz names John Tague as new CEO

    NEW YORK (AP) — Hertz, which is the midst of correcting past accounting problems, said Thursday that it named John Tague as its new chief executive officer. The car rental company's former CEO, Mark Frissora, stepped down in September for personal reasons. Hertz announced in June that it needed to review financial reports from the last three...

  • Gap names heads of namesake brand, Banana Republic

    NEW YORK (AP) — Gap Inc. cut its full-year profit outlook Thursday after reporting a sales shortfall in the fiscal third quarter and announced management changes at its Gap and Banana Republic brands. As part of the executive overhaul, Jeff Kirwan, 48, will become global president for the Gap brand in December following a brief transition...

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