More Business Articles

  • Fed report: IRS bungles hunt for unpaid taxes

    Updated: 10 hr ago

    WASHINGTON (AP) — The IRS failed to take all required steps for collecting unpaid taxes from people it can't locate in over half the cases that investigators studied, potentially costing the government a pile of lost revenue, according to a federal report released Monday. The study...

  • Contracts old and new fuel Colorado Springs' newest public company

    By Wayne Heilman wayneh@gazette.com -
    Published: Mon, Sep 29, 2014

    Vectrus Inc., newly spun off from Exelis Inc., has a strong foundation as it enters its first week as an independent company. A company official said that Vectrus recently won nearly $1 billion in contracts from the U.S. Army Corps of Engineers and Air Force as it works to broaden its...

  • Ford shares fall as company lowers Europe outlook

    Updated: 10 hr ago

    DEARBORN, Mich. (AP) — Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals. At a conference for investors, the Dearborn, Michigan-based automaker said it expects a pretax profit of around $6 billion this year, down from the $7 billion...

  • Box office top 20: 'Equalizer' debuts with $34.1M

    Updated: 10 hr ago

    NEW YORK (AP) — Denzel Washington scored his third-best opening weekend and potentially spawned his first franchise with a $34.1 million debut for "The Equalizer." The Columbia Pictures release, in which Washington stars as a retired commando lured into a battle with the Russian...

  • Safety agency studying Toyota acceleration problem

    Updated: 10 hr ago

    DETROIT (AP) — A U.S. safety agency is looking into a car owner's allegations that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes, reviving a problem that appeared to be in the automaker's past. The inquiry by the National Highway Traffic Safety...

  • Top 10 in Forbes list of wealthiest Americans

    Updated: 10 hr ago

    The top 10 people on this year's Forbes 400 list are: — Bill Gates, $81 billion — Warren Buffett, $67 billion — Larry Ellison, $50 billion — Charles Koch, $42 billion — David Koch, $42 billion — Christy Walton & family, $38 billion — Jim Walton, $36 billion — Michael Bloomberg,...

  • Give me a break: Incentives in Colorado help 'close the deal' with businesses

    By stephen hobbs stephen.hobbs@gazette.com -
    Updated: 11 hr ago

    When the Colorado Springs City Council voted to approve an incentive deal for energy giant Kinder Morgan last week, it did so with little hesitation. The decision, made on a 6-2 vote, was mostly heralded by council members and the public. Council member Val Snider said it "sends a...

  • Rates mixed at weekly US Treasury bill auction

    Updated: 11 hr ago

    WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising to the highest level in three weeks, while rates on six-month bills were unchanged. The Treasury Department auctioned $24 billion in three-month bills at...

  • How the Dow Jones industrial average did Monday

    Updated: 11 hr ago

    U.S. stocks closed slightly lower on Monday after recovering most of an early slide. Investors were nervous about the latest geopolitical unrest, this time in Hong Kong as police clashed with protestors demanding democratic reforms in the former British colony. The Dow Jones...

  • Feds open data center in western Maryland

    Updated: 11 hr ago

    FREDERICK, Md. (AP) — The Social Security Administration has a new national data center. Officials held a ceremonial ribbon-cutting for the center Monday in wooded hills near Frederick, Maryland. It replaces a 34-year-old building at the agency's Baltimore-area headquarters, about 40...

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