Business | Colorado Springs Gazette

AP Business Headlines view all

  • Rural areas seek piece of subprime-loan settlement

    Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help. Subprime loans were distributed in the rural U.S. at even higher rates on average than in metropolitan counties. Much of it was concentrated in...

  • 5 problems McDonald's is facing in the US

    NEW YORK (AP) — Times are getting leaner for McDonald's. McDonald's said Tuesday a key sales figure declined 3.3 percent in the U.S., marking the fourth straight quarter of declines for the world's biggest hamburger chain. By contrast, Chipotle reported a 19.8 percent increase in sales at established locations a day earlier. McDonald's...

  • Bradlee recalled as a genius, great journalist

    Ben Bradlee, the former Washington Post editor who died Tuesday, was remembered as one of the nation's great journalists and a courageous and charismatic friend and colleague: ___ "For Benjamin Bradlee, journalism was more than a profession — it was a public good vital to our democracy. A true newspaperman, he transformed the Washington Post...

  • Obama calls late Ben Bradlee a 'true newspaperman'

    WASHINGTON (AP) — President Barack Obama is remembering the late editor Ben Bradlee as a "true newspaperman" who transformed The Washington Post into one of the country's finest papers. Bradlee died Tuesday at his home in Washington at the age of 93. In a statement issued Tuesday night, Obama says Bradlee set a standard for honest, objective...

  • Target offers free shipping on all holiday items

    NEW YORK (AP) — Target Corp. is offering for the first time free holiday shipping on all items, including even $6 lipsticks, as the discounter throws itself in the ring to compete better with the likes of Amazon. The Minneapolis-based chain said its free shipping offer starts Wednesday and will last through Dec. 20. The move is unusually early...

  • A newsman's life: Pentagon Papers to Watergate

    WASHINGTON (AP) — Ben Bradlee, the former Washington Post editor who died Tuesday at age 93, took a sleepy hometown newspaper and transformed it into a great one. Five things to know about the raspy-voiced Bradlee and how he did it: HE HAD SOME LUCKY BREAKS. Bradlee ended up getting a job at the Post in part because it was raining in...

  • Suspect plans to plead guilty in oil patch killing

    SIDNEY, Mont. (AP) — A Colorado man is set to plead guilty to killing a small-town Montana high school teacher in a slaying that shone a harsh light on the darker side of the Northern Plains' oil boom. A plea agreement with prosecutors filed Tuesday calls for a 100-year sentence for Michael Keith Spell, 25, on a charge of deliberate homicide...

  • Former Washington Post editor Ben Bradlee dies

    WASHINGTON (AP) — In a charmed life of newspapering, Ben Bradlee seemed always to be in just the right place. The raspy-voiced, hard-charging editor who invigorated The Washington Post got an early break as a journalist thanks to his friendship with one president, John F. Kennedy, and became famous for his role in toppling another, Richard...

  • Yahoo CEO defends strategy in face of criticism

    SAN FRANCISCO (AP) — Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction. Mayer staunchly defended her strategy during a Tuesday presentation that addressed recent criticism leveled by activist...

  • Business Highlights

    ___ Big slump is no cause to ditch stock market NEW YORK (AP) — After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. But, even as stocks were plunging last week, strategists and professional investors were telling their clients that the...

  • Coca-Cola and Apple are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Coca-Cola Co., down $2.61 to $40.68 The world's biggest beverage maker reported lower profit and revenue in the third quarter as global soda volume remained flat. Chipotle Mexican Grill Inc., down...

  • Washington Post reports Ben Bradlee, former Post editor who led Watergate coverage, has died

    WASHINGTON (AP) — Washington Post reports Ben Bradlee, former Post editor who led Watergate coverage, has died.

  • Third Point urges Amgen to consider breakup

    A hedge fund run by a famed investor says it has taken a large stake in Amgen and now wants the biotech drugmaker to consider splitting up into two. In a letter to investors, Third Point, a hedge fund run by Daniel Loeb, said it has recently increased its stake by an unspecified amount, making it one of the drugmaker's top shareholders....

  • Congressman's corp. loses Texas charter over taxes

    NEW ORLEANS (AP) — A Texas-based business co-owned by U.S. Rep. Vance McAllister has lost its right to do business as a Texas corporation after missing deadlines to pay state franchise taxes. Chris Ryan with the Texas Comptroller's Office said Tuesday that Texas Coastal Energy Co. LLC could have its corporate charter reinstated if it complies...

  • MONEY & THE LAW: Settlement a victory over phone cramming

    On Oct. 7, the Federal Trade Commission - in stiff competition with the Consumer Financial Protection Bureau for best consumer protector of the year - held a hoopla news conference to announce the settlement of an administrative enforcement action brought against AT&T Mobility. Under the terms of the settlement - the largest in the FTC's...

  • IT'S YOUR MONEY: Consider trade-offs before paying off your mortgage

    Paying off your mortgage before retirement can provide peace of mind, but it's important to consider the trade-offs and your financial situation. Start the analysis by comparing the after-tax cost of mortgage interest to the after-tax return on money to be used to pay down your mortgage. The national average for interest on a 30-year mortgage...

  • Man plans to plead guilty in oil patch killing

    SIDNEY, Mont. (AP) — A Colorado man plans to plead guilty to killing a Montana teacher in a case that drew attention to the darker side of the Northern Plains' oil boom. A plea agreement with prosecutors filed Tuesday calls for a 100-year sentence for 25-year-old Michael Spell on a charge of deliberate homicide. Spell is charged with the 2012...

  • Insurer considers Ebola exclusion in some policies

    Global property and casualty insurer Ace Ltd. says it may exclude Ebola coverage from some of its general liability policies. The Swiss company said Tuesday that it is making the decision on a "case by case" basis for new and renewal policies under its global casualty unit, which offers coverage for U.S.-based companies and organizations that...

  • California group buys retail center in northern Colorado Springs

    A California group has paid $4.63 million to buy a roughly 15,000-square-foot building that's part of the Northgate Plaza retail center, southeast of InterQuest and Voyager parkways on Colorado Springs' north side. LBK II 1994 Trust of California purchased the property from a limited liability company controlled by Springs developer Gary...

  • FTC names privacy expert as chief technologist

    SAN FRANCISCO (AP) — The Federal Trade Commission on Tuesday named an outspoken Internet privacy expert, Ashkan Soltani, as its chief technologist in a move that signals the agency's focus on protecting consumers' online privacy. A computer scientist and technology researcher, Soltani has advised several leading news organizations in reporting...


Submit Your Business Press Release

Submit Press Release

Leading Lawyers