Business | Colorado Springs Gazette

FuseSport of Colorado Springs plans to grow workforce with infusion of $1 million

Business Yesterday

FuseSport, which moved its headquarters from Australia to Colorado Springs a year ago, has landed nearly $1 million from local investors, and plans ...

Innovate Colorado Springs sparks ideas to foster entrepreneurship

Business Yesterday

More than 900 people attended the 14 events staged by Innovate Colorado Springs this week in what officials are calling a successful start ...

AP Business Headlines view all

  • Late sign-ups improve outlook for Obama health law

    WASHINGTON (AP) — A surge of eleventh-hour enrollments has improved the outlook for President Barack Obama's health care law, with more people signing up overall and a much-needed spark of interest among young adults. Nonetheless, Obama's announcement Thursday that 8 million have signed up for subsidized private insurance, and that 35...

  • Obama: 8 million signed up for health care

    WASHINGTON (AP) — Eight million people have signed up for health care through new insurance exchanges and the proportion of younger applicants has increased, President Barack Obama said Thursday. The enrollments exceeded expectations and offered new hope to Democrats who are defending the law ahead of the midterm elections. An impromptu...

  • Venture investments highest since 2001

    NEW YORK (AP) — Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday. Startup investments totaled $9.47 billion in the first three months of the year, up from $6.01 billion in the...

  • California cross-border airport clears key hurdle

    SAN DIEGO (AP) — U.S. Customs and Border Protection said Thursday that it has reached agreement with an investor group to clear the way for construction of the nation's first cross-border airport terminal connecting San Diego and Tijuana, Mexico. The agreement requires the investor group to pay the salaries of U.S. border inspectors and the...

  • PepsiCo's profit rises on snack sales, price hikes

    NEW YORK (AP) — PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. The company, which also makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, said global snack volume rose 2 percent in the period. Global beverage volume was unchanged from...

  • Wal-Mart jumps into the money transfer biz, loudly

    NEW YORK (AP) — Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere. The Walmart-2-Walmart...

  • Judge wants Detroit mayor to back bankruptcy plan

    DETROIT (AP) — Looking years ahead, the judge overseeing Detroit's bankruptcy said Thursday he wants assurances from the mayor and other elected leaders that they'll follow a final plan that likely cuts pensions, sheds debt and plows millions into better services. The bankruptcy case — the largest by a local government in U.S. history —...

  • Michaels confirms breach of as many as 2.6M cards

    NEW YORK (AP) — Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially...

  • IRS audits less than 1 percent of big partnerships

    WASHINGTON (AP) — The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday. That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen. Carl Levin, D-Mich. The Government...

  • US stock market ends higher as earnings pour in

    Corporate earnings pushed U.S. stocks mostly higher on Thursday, but it wasn't an easy ride up. The stock market appeared set in the morning for its fourth consecutive positive open, but immediately turned negative as investors sold shares in Google and IBM. The market heavyweights reported disappointing earnings late Wednesday. Earnings from...

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