More Business Articles

  • Bank of America settlement likely to benefit few

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some...

  • Study: Wealth gap widened in the last decade

    Updated: Thu, Aug 21, 2014

    NEW YORK (AP) — A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. The study released Thursday divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent...

  • US housing recovery appears to be back on track

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter...

  • NKorea launch pad expansion 'nearing completion'

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — Construction to upgrade North Korea's main rocket launch pad should be complete by this fall, allowing Pyongyang to conduct a launch by year's end if it decides to do so, a U.S. research institute said Thursday. The U.S.-Korea Institute at the Johns Hopkins School of...

  • Gap reports higher profit, plans India expansion

    Updated: Thu, Aug 21, 2014

    SAN FRANCISCO (AP) — Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco-based company also said it plans to open Gap stores in India next year. The first locations will open in the country's...

  • Perkins is back in Colorado Springs; who else do you want to see return?

    Rich Laden
    Updated: Thu, Aug 21, 2014

    After The Gazette reported that Perkins Restaurant & Bakery was coming back to Colorado Springs following a three-year absence, a longtime resident left a voice mail to say how excited she was about its return. "One of the saddest days here was when Perkins closed,” she said, adding...

  • Tech Tips: Sprint's good rates come with a price

    Updated: Thu, Aug 21, 2014

    NEW YORK (AP) — In revamping its prices and plans this week, Sprint is joining Verizon and AT&T in letting families share pools of data. The new Sprint plans are available starting Friday and reward families that need a lot of data. But the company is also keeping an unlimited-data...

  • How the Dow Jones industrial average did Thursday

    Updated: Thu, Aug 21, 2014

    The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better...

  • Hormel Foods and Hertz are big market movers

    Updated: Thu, Aug 21, 2014

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hormel Foods Corp., up $2.06 to $49.92 The maker of Spam and Dinty Moore stew reported a 21 percent jump in quarterly profit, topping Wall...

  • Colorado Springs restaurant gets some national love for its mac & cheese

    Rich Laden
    Updated: Thu, Aug 21, 2014

    Bourbon Brothers Southern Kitchen restaurant in Colorado Springs has grabbed the national spotlight for one of its signature dishes. In a travel item Thursday that's headlined, "Spiked dishes and drinks across the country," national newspaper USA Today dishes superlatives about...

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