<![CDATA[Colorado Springs Gazette RSS - Business]]> http://gazette.com/rss/Business Sun, 20 May 2018 15:51:53 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA['Deadpool 2' ends Avengers' box-office reign, rakes in $125M]]> http://gazette.com/deadpool-2-ends-avengers-box-office-reign-rakes-in-125m/article/feed/566204?custom_click=rss http://gazette.com/deadpool-2-ends-avengers-box-office-reign-rakes-in-125m/article/feed/566204?custom_click=rss

LOS ANGELES (AP) — Deadpool and his foul-mouthed crew of misfits and malcontents have taken down the Avengers.

Fox's "Deadpool 2" brought in $125 million this weekend, giving it the second-highest opening ever for an R-rated movie and ending the three-week reign of Disney's "Avengers: Infinity War" at the top of the North American box office, according to studio estimates Sunday.

"Deadpool 2," with Ryan Reynolds returning as the title character and co-writing this time, fell somewhat short of the $130 million the studio predicted and the $132.4 million that its predecessor earned two years ago.

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]]> Sun, 20 May 2018 15:28:44 -0600 <![CDATA[US, China putting trade war on hold after progress in talks]]> http://gazette.com/us-china-putting-trade-war-on-hold-after-progress-in-talks/article/feed/566150?custom_click=rss http://gazette.com/us-china-putting-trade-war-on-hold-after-progress-in-talks/article/feed/566150?custom_click=rss

WASHINGTON (AP) — The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing.

"We are putting the trade war on hold," Treasury Secretary Steven Mnuchin said Sunday.

After high-level talks Thursday and Friday in Washington, Beijing agreed in a joint statement with the U.S. to "substantially reduce" America's trade deficit with China, but did not commit to cut the gap by any specific amount. The Trump administration had sought to slash the deficit by $200 billion.

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]]> Sun, 20 May 2018 14:37:15 -0600 <![CDATA[International military company to be based in New Hampshire]]> http://gazette.com/international-military-company-to-be-based-in-new-hampshire/article/feed/566219?custom_click=rss http://gazette.com/international-military-company-to-be-based-in-new-hampshire/article/feed/566219?custom_click=rss CONCORD, N.H. (AP) — A multinational company that develops and builds equipment for military use worldwide is choosing Portsmouth, New Hampshire, as its U.S. headquarters.

Revision Military will be opening its offices at Pease International Tradeport.

Republican Gov. Chris Sununu says the move proves that New Hampshire's business climate is improving.

The company's CEO says it will be looking to hire dozens of engineers, technicians, manufacturing experts and program managers in the area. The company employs over 400 people and has locations across the globe.

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]]> Sun, 20 May 2018 13:49:58 -0600 <![CDATA[Average price of US gas jumps 10 cents, to $3 a gallon]]> http://gazette.com/average-price-of-us-gas-jumps-10-cents-to-3-a-gallon/article/feed/566207?custom_click=rss http://gazette.com/average-price-of-us-gas-jumps-10-cents-to-3-a-gallon/article/feed/566207?custom_click=rss CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price has spiked 41 cents over the past three months.

Lundberg says the increase is largely driven by higher crude oil costs and the phasing-in of summer-grade gasoline, which is used to prevent smog.

The highest average price in the contiguous 48 states was $3.79 in the San Francisco Bay Area. The lowest was $2.54 in Baton Rouge, Louisiana.

The average price for diesel fuel rose 9 cents, to $3.23.

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]]> Sun, 20 May 2018 12:24:54 -0600 <![CDATA['Jurassic Park' dinosaur expert's next big thing: holograms]]> http://gazette.com/jurassic-park-dinosaur-experts-next-big-thing-holograms/article/feed/566192?custom_click=rss http://gazette.com/jurassic-park-dinosaur-experts-next-big-thing-holograms/article/feed/566192?custom_click=rss

HELENA, Mont. (AP) — Forget the gray, green and brown dinosaurs in the "Jurassic Park" movies. Paleontologist Jack Horner wants to transport people back in time to see a feathered Tyrannosaurus rex colored bright red and a blue triceratops with red fringe similar to a rooster's comb.

Horner, who consulted with director Steven Spielberg on the "Jurassic Park" films, is developing a three-dimensional hologram exhibit that will showcase the latest theories on what dinosaurs looked like. He is working with entertainment company Base Hologram to create an exhibit that will let people feel as though they're on an archaeological dig, inside a laboratory and surrounded by dinosaurs in the wild.

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]]> Sun, 20 May 2018 12:22:53 -0600 <![CDATA[Eels break records in Maine, where they sell for big money]]> http://gazette.com/eels-break-records-in-maine-where-they-sell-for-big-money/article/feed/566182?custom_click=rss http://gazette.com/eels-break-records-in-maine-where-they-sell-for-big-money/article/feed/566182?custom_click=rss

PORTLAND, Maine (AP) — America's only significant state fishery for baby eels has blown past records for value as high demand from overseas aquaculture companies is driving prices to new heights.

Fishermen in Maine search for the eels, called elvers, in rivers and streams every spring so they can be sold to Asian aquaculture companies as seed stock. Fishermen have sold more than $20 million worth of the eels so far this season, according to the Maine Department of Marine Resources.

That is the highest total since interstate managers instituted a quota system for the eels in 2014. The previous record was $13.4 million, and fishermen still have until June 7 to catch more of the eels this year.

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]]> Sun, 20 May 2018 11:52:47 -0600 <![CDATA[Whitewater river in Colorado a bright spot amid grim drought]]> http://gazette.com/whitewater-river-in-colorado-a-bright-spot-amid-grim-drought/article/feed/566188?custom_click=rss http://gazette.com/whitewater-river-in-colorado-a-bright-spot-amid-grim-drought/article/feed/566188?custom_click=rss

SALIDA, Colo. (AP) — Despite a severe drought across the Southwestern United States this spring, there should be plenty of water for rafters and anglers in one of the nation's most popular mountain rivers.

Water from melting snow is rushing into the Arkansas River in central Colorado, thanks to a surprisingly wet winter in the towering peaks where the river begins, state and federal officials say.

Some of those peaks, in Colorado's Sawatch Range, stand just outside the drought's northern reach, so they collected near-normal snowfall.

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]]> Sun, 20 May 2018 11:24:12 -0600 <![CDATA[Insider Q&A: Should investors worry about 'peak earnings?']]> http://gazette.com/insider-qa-should-investors-worry-about-peak-earnings/article/feed/566193?custom_click=rss http://gazette.com/insider-qa-should-investors-worry-about-peak-earnings/article/feed/566193?custom_click=rss

NEW YORK (AP) — Speaking about a peak suddenly made stocks weak.

Investors got a rude awakening in April when executives at Caterpillar said the construction and mining equipment company didn't expect to top its first-quarter profit for the rest of the year. Other companies warned about paying more for fuel and basic materials, at a time when interest rates are the highest they've been in more than three years. All that has some investors worried that profit growth will slow down and pinch stocks.

But experts say what matters is that profits will keep growing, as will the economy. Sam Stovall, chief investment strategist for CFRA, said that based on the state of the economy and recent history, company profits should keep ri

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]]> Sun, 20 May 2018 11:01:21 -0600 <![CDATA[Treasury Secretary Steven Mnuchin says US and China putting trade war on hold]]> http://gazette.com/treasury-secretary-steven-mnuchin-says-us-and-china-putting-trade-war-on-hold/article/1626350?custom_click=rss http://gazette.com/treasury-secretary-steven-mnuchin-says-us-and-china-putting-trade-war-on-hold/article/1626350?custom_click=rss

WASHINGTON — Treasury Secretary Steven Mnuchin said Sunday that the United States and China are stepping back from a possible trade war after two days of talks that produced "meaningful progress."

Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a framework for reducing the deficit over time, including big increases in purchases of farm products and a doubling of purchases of U.S. energy products.

"We are putting the trade war on hold," Mnuchin said on "Fox News Sunday."

Because of the progress made in negotiations, Mnuchin said the Trump administration has agreed to put on hold punitive tariffs

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Sun, 20 May 2018 10:53:28 -0600
<![CDATA[City hopes for revitalization in aftermath of fraud case]]> http://gazette.com/city-hopes-for-revitalization-in-aftermath-of-fraud-case/article/feed/566175?custom_click=rss http://gazette.com/city-hopes-for-revitalization-in-aftermath-of-fraud-case/article/feed/566175?custom_click=rss

NEWPORT, Vt. (AP) — A remote Vermont community down on its luck had looked forward in 2012 to a downtown hotel, office and retail space and a research plant that would bring hundreds of jobs. It now sees just a vacant demolished block that some residents refer to as "the hole."

The redevelopment plans fizzled when the men behind them were charged in 2014 with massive fraud.

Six years later, the small city of Newport on the Canadian border, with a population of 4,300, is left with a razed downtown block dotted with holes where building foundations once stood. One business owner called it "little Beirut."

But some have renewed hopes for revitalization.

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]]> Sun, 20 May 2018 09:46:28 -0600 <![CDATA[The Latest: Mnuchin says US-China putting trade war on hold]]> http://gazette.com/the-latest-mnuchin-says-us-china-putting-trade-war-on-hold/article/feed/566180?custom_click=rss http://gazette.com/the-latest-mnuchin-says-us-china-putting-trade-war-on-hold/article/feed/566180?custom_click=rss WASHINGTON (AP) — The Latest on U.S.-China trade talks (all times local):

10:05 a.m.

Treasury Secretary Steven Mnuchin says the United States and China are "putting the trade war on hold" after two days of talks that he says produced meaningful progress.

Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a framework for reducing the deficit over time, including a doubling of purchases of U.S. energy products.

Because of this progress, Mnuchin tells "Fox News Sunday" that the Trump administration has agreed to put on hold punitive tariffs on up to $150 billion in Chinese products.

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]]> Sun, 20 May 2018 09:09:25 -0600 <![CDATA[Mnuchin says NAFTA negotiations could spill into 2019]]> http://gazette.com/mnuchin-says-nafta-negotiations-could-spill-into-2019/article/feed/566178?custom_click=rss http://gazette.com/mnuchin-says-nafta-negotiations-could-spill-into-2019/article/feed/566178?custom_click=rss WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says efforts to renegotiate a trade agreement with Canada and Mexico could spill into next year.

The Trump administration missed an informal deadline last Thursday that had been set by House Speaker Paul Ryan to get a revamped North American Free Trade Agreement to Congress in time for lawmakers to vote on it in a midterm election year.

Mnuchin says on "Fox News Sunday" that the negotiators are "still far apart" but continue to work through many issues.

Mnuchin says President Donald Trump is more determined to get a deal he believes is good for the U.S. than he is worried about meeting a specific deadline.

Trump has long said NAFTA was bad for the U.S. and its

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]]> Sun, 20 May 2018 08:59:18 -0600 <![CDATA[US, China say Beijing commits to buying more American goods]]> http://gazette.com/us-china-say-beijing-commits-to-buying-more-american-goods/article/feed/566049?custom_click=rss http://gazette.com/us-china-say-beijing-commits-to-buying-more-american-goods/article/feed/566049?custom_click=rss

WASHINGTON (AP) — Just-ended U.S.-China trade talks produced a commitment by Beijing to "significantly increase" its purchases of American goods and services, according to a joint statement Saturday from the rival economic powers trying to lower trade tensions.

They also agreed on "meaningful increases" in U.S. exports of agriculture and energy products and greater efforts to increase trade in manufactured goods and services.

The statement, however, provided no dollar amounts on how much China might boost its purchases of American products.

The statement also was silent on whether the talks had made progress in easing the trade standoff between the world's two biggest economies.

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]]> Sat, 19 May 2018 22:30:17 -0600 <![CDATA[Flowerama closes after more than 20 years at corner of Platte Avenue and Circle Drive]]> http://gazette.com/flowerama-closes-after-more-than-20-years-at-corner-of-platte-avenue-and-circle-drive/article/1626257?custom_click=rss http://gazette.com/flowerama-closes-after-more-than-20-years-at-corner-of-platte-avenue-and-circle-drive/article/1626257?custom_click=rss

Two popular businesses that have operated for more than 20 years southeast of Platte Avenue and Circle Drive are leaving as Rhode Island-based pharmacy chain CVS takes over the site.

Flowerama, the floral shop that's operated at the corner for nearly 22 years, closed Friday. With CVS' arrival, and now in their mid 60s, owners Anne and Bruce Hardy have decided to retire rather than hunt for a new location.

"It's been 22 years and this has been an amazing corner," Anne Hardy said. "It's very, very bittersweet. The community has been just beyond wonderful. And all the people coming in and giving us well wishes.

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Sat, 19 May 2018 21:02:31 -0600
<![CDATA[Company says gas leak caused explosion at Houston-area plant]]> http://gazette.com/company-says-gas-leak-caused-explosion-at-houston-area-plant/article/feed/566041?custom_click=rss http://gazette.com/company-says-gas-leak-caused-explosion-at-houston-area-plant/article/feed/566041?custom_click=rss HOUSTON (AP) — Officials say a gas leak caused an explosion and brief flash fire at a chemical plant near Houston, resulting in non-life threatening injuries to nearly two dozen workers.

Kuraray America says in a news release that ethylene escaping from a safety valve caught fire Saturday at the company's EVAL plan in Pasadena where 266 workers were on site.

Ethylene is a gas that is not harmful to humans and is used in the production of plastic.

La Porte Emergency Management Lt. John Krueger says the injuries include burns similar to a severe sunburn and back and leg injuries.

The plant's address is Pasadena, but is located in an unincorporated area between the Houston suburbs.

Plant manager Eric Bass sai

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]]> Sat, 19 May 2018 19:07:18 -0600 <![CDATA[New Starbucks policy: No purchase needed to sit in cafes]]> http://gazette.com/new-starbucks-policy-no-purchase-needed-to-sit-in-cafes/article/feed/566039?custom_click=rss http://gazette.com/new-starbucks-policy-no-purchase-needed-to-sit-in-cafes/article/feed/566039?custom_click=rss

NEW YORK (AP) — Starbucks announced a new policy Saturday that allows anyone to sit in its cafes or use its restrooms, even if they don't buy anything.

The new policy comes five weeks after two black men who hadn't bought anything were arrested at a Philadelphia Starbucks.

Company executives have said its previous policies were loose and ambiguous, leaving decisions on whether people could sit in its stores or use the restroom up to store managers.

Starbucks said it has told workers to consider anyone who walks into its stores a customer, "regardless of whether they make a purchase."

The company said anyone can use its cafes, patios or restrooms without buying anything, but it noted workers should still call the

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]]> Sat, 19 May 2018 13:20:01 -0600 <![CDATA[It's Your Money: Investing in a volatile market]]> http://gazette.com/its-your-money-investing-in-a-volatile-market/article/1626313?custom_click=rss http://gazette.com/its-your-money-investing-in-a-volatile-market/article/1626313?custom_click=rss

When investing in the stock market, remember that markets will fluctuate and there will be years with negative returns. Keep a long-term perspective and don't make decisions based on short-term volatility.

Events impacting the market are generally less catastrophic than they first appear. The media and industry pundits tend to exaggerate negative information to create news and get attention. It's natural to assume that things are different this time or there is more geopolitical and economic uncertainty than normal. But economic and political events always feel more traumatic while we are living through them.

Volatility and unrest are not unusual when we look back at historical events impacting the market over the years.

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Sat, 19 May 2018 13:17:18 -0600
<![CDATA[Money & the Law: Information available on health care costs]]> http://gazette.com/money-the-law-information-available-on-health-care-costs/article/1626311?custom_click=rss http://gazette.com/money-the-law-information-available-on-health-care-costs/article/1626311?custom_click=rss

Mark Twain was fond of saying: "Everybody talks about the weather, but nobody does anything about it." The same can be said for health care cost transparency.

Several years ago, I was trying to schedule one of those unpleasant medical procedures you're supposed to have when you reach AARP eligibility age. Since I had high deductible health insurance, I wanted to know what this would cost. But neither the hospital nor the doctor's office could (or would) tell me. Instead, I was given a range - from x dollars to 10 times x dollars.

I continue to be amazed when I see a statement of benefits from a health insurance company showing the difference between what a health care provider has charged and what is actually paid.

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Sat, 19 May 2018 13:16:58 -0600
<![CDATA[Colorado Springs area business events starting May 20]]> http://gazette.com/colorado-springs-area-business-events-starting-may-20/article/1626307?custom_click=rss http://gazette.com/colorado-springs-area-business-events-starting-may-20/article/1626307?custom_click=rss Seminars, networking opportunities and other business-related events in and around Colorado Springs.

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Sat, 19 May 2018 13:15:06 -0600
<![CDATA[Expanded sports betting fuels fears about gambling addiction]]> http://gazette.com/expanded-sports-betting-fuels-fears-about-gambling-addiction/article/feed/566013?custom_click=rss http://gazette.com/expanded-sports-betting-fuels-fears-about-gambling-addiction/article/feed/566013?custom_click=rss

ATLANTIC CITY, N.J. (AP) — For sports leagues and gambling industries, the imminent expansion of legalized sports betting promises a bonanza. For the experts and organizations already concerned about pervasive problem gambling, it promises a whole new roster of worries.

Much of the apprehension relates to the prospect of myriad forms of online sports betting — accessible to gamblers at any time and location via their mobile phones. There's particular alarm over the anticipated explosion of so-called "in-game wagering" in which gamblers bet, often at a rapid pace, on play-by-play developments — for example, will the next football play be a run or a pass.

"You lose track of time," said Les Bernal, national director of Sto

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]]> Sat, 19 May 2018 10:56:09 -0600 <![CDATA[Dollar Tree coming to former Rite Aid building at Platte and Circle in Colorado Springs]]> http://gazette.com/dollar-tree-coming-to-former-rite-aid-building-at-platte-and-circle-in-colorado-springs/article/1626250?custom_click=rss http://gazette.com/dollar-tree-coming-to-former-rite-aid-building-at-platte-and-circle-in-colorado-springs/article/1626250?custom_click=rss

Dollar Tree stores seem to grow on trees; the "everything's $1" retailer has 16 locations in Colorado Springs and around the Pikes Peak region, the chain's website shows.

One of Dollar Tree's newest stores, however, will do more than just provide another outlet for discount groceries, health and beauty supplies, household goods and other items. It will help spruce up a tired intersection in the heart of Colorado Springs.

Dollar Tree, based in Chesapeake, Va., has signed a lease to open at the northwest corner of Platte Avenue and Circle Drive. The store will take over a long vacant, roughly 13,200-square-foot building that housed a Rite Aid pharmacy years ago.

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Fri, 18 May 2018 21:57:13 -0600
<![CDATA[Ride sharing giants quickly seize major share of Colorado Springs market]]> http://gazette.com/ride-sharing-giants-quickly-seize-major-share-of-colorado-springs-market/article/1626165?custom_click=rss http://gazette.com/ride-sharing-giants-quickly-seize-major-share-of-colorado-springs-market/article/1626165?custom_click=rss

Ride sharing giants Uber and Lyft captured a major share of passengers in their first year serving the Colorado Springs Airport in 2017, airport data show.

They have hammered Colorado Springs Transportation, which operates as zTrip, say annual reports the company filed with the Colorado Public Utilities Commission.

zTrip journeys last year were down 45.8 percent from 2014, the year Uber and Lyft expanded into the Springs, to just 297,569, and revenue fell by nearly half as the company lost $1.02 million.

Trip numbers have declined every year since 2014 for zTrip, formerly Yellow Cab of Colorado Springs.

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Fri, 18 May 2018 16:47:13 -0600
<![CDATA[Colorado jobless rate falls to 2.9 percent]]> http://gazette.com/colorado-jobless-rate-falls-to-2.9-percent/article/1626247?custom_click=rss http://gazette.com/colorado-jobless-rate-falls-to-2.9-percent/article/1626247?custom_click=rss Colorado's unemployment fell in April to 2.9 percent after spending the previous seven months at 3 percent, the U.S. Bureau of Labor Statistics reported Friday. The state's jobless rate was 2.6 percent in April 2017.

The unemployment rate fell because employers created jobs at a faster rate than residents entered the labor market. A separate survey (the jobless rate comes from a survey of households) of employers found businesses, non-profits and government agencies created 7,200 jobs last month, continuing a trend this year of accelerating job growth.

The bureau's report also showed that average hourly earnings in April rose 4.3 percent from a year earlier to $28.91.

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]]> Fri, 18 May 2018 16:35:02 -0600 <![CDATA[Progress for Colorado businesses in a house divided]]> http://gazette.com/progress-for-colorado-businesses-in-a-house-divided/article/1626223?custom_click=rss http://gazette.com/progress-for-colorado-businesses-in-a-house-divided/article/1626223?custom_click=rss

They say a house divided cannot stand, yet a divided Legislature seemed to serve Colorado's business community just fine by the time the gavel came down on the 2018 session.

As in previous years, the oft-bemoaned gridlock that frequently derails major initiatives in the General Assembly - split between a Republican-ruled Senate and a Democratic-controlled House - also put the brakes on policy proposals viewed as burdensome to business. An array of less-than-business-friendly legislation had in fact been sidelined by session's end this month. And while leaders of both major political parties will tell you they're pro-business, it was once again the Republicans in the upper chamber who did most of the sidelining.

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Fri, 18 May 2018 11:59:57 -0600
<![CDATA[Fourth consecutive rise in Colorado Springs sales tax revenue a sign of surging economy]]> http://gazette.com/fourth-consecutive-rise-in-colorado-springs-sales-tax-revenue-a-sign-of-surging-economy/article/1626169?custom_click=rss http://gazette.com/fourth-consecutive-rise-in-colorado-springs-sales-tax-revenue-a-sign-of-surging-economy/article/1626169?custom_click=rss

Colorado Springs consumers continued to spend in March at a steady pace, according to the latest sales tax numbers from the city of Colorado Springs.

Sales tax collections for April, which reflect transactions in March, rose 5 percent from a year earlier to $14.6 million, the fourth consecutive monthly increase following declines in September through December, according to a report from the city's Finance Department. The gains were spread across most retail categories led by a 26.6 percent jump in business services and single-digit percentage increases in another eight of 14 categories with declines in auto repairs, building materials, hotels, medical marijuana and utilities.

Collections so far this year are up 5.2 percent

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Thu, 17 May 2018 17:02:11 -0600
<![CDATA[Colorado energy jobs led by natural gas and energy efficiency sectors]]> http://gazette.com/colorado-energy-jobs-led-by-natural-gas-and-energy-efficiency-sectors/article/1626152?custom_click=rss http://gazette.com/colorado-energy-jobs-led-by-natural-gas-and-energy-efficiency-sectors/article/1626152?custom_click=rss

Energy employment in Colorado grew by 11 percent in 2017 to a total of nearly 91,000 jobs - led by the natural gas and energy-efficiency sectors, according to a report by the National Association of State Energy Officials.

The survey of energy companies, which was done in conjunction with the energy think tank the Energy Futures Initiative, said Colorado has "a high concentration energy employment."

The traditional energy sectors accounted for 3.4 percent of total Colorado employment compared with a national average of 2.3 percent, the report said.

Among the biggest sectors in Colorado are oil and gas with more than 26,000 direct jobs; electric power generation with 25,412 jobs; and 28,412 jobs in transmission

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Thu, 17 May 2018 09:18:42 -0600
<![CDATA[Suburban Seattle restaurant chain bringing its burgers and beers to Colorado Springs]]> http://gazette.com/suburban-seattle-restaurant-chain-bringing-its-burgers-and-beers-to-colorado-springs/article/1626116?custom_click=rss http://gazette.com/suburban-seattle-restaurant-chain-bringing-its-burgers-and-beers-to-colorado-springs/article/1626116?custom_click=rss

A Washington state restaurant chain with nearly 20 Pacific Northwest locations is expanding to Colorado Springs.

Hop Jacks, based in suburban Seattle, is taking over the former Ruby Tuesday at Powers and Stetson Hills boulevard. The chain aims for a mid-August opening, said Jaime Fox, Hop Jacks' training director.

The Springs would be Hop Jacks' first Colorado location, but not its last. The chain is finalizing leases in Castle Rock and Parker, Fox said.

As it looks to new markets, Hop Jacks allows employees moving up the management ladder to choose candidates for expansion. A suburban Seattle manager who will run the Springs location suggested Colorado, Fox said; Hop Jacks researched the state and liked its population

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Thu, 17 May 2018 06:19:06 -0600
<![CDATA[More than 40 workers laid off at Penrose-St. Francis Health Services]]> http://gazette.com/more-than-40-workers-laid-off-at-penrose-st.-francis-health-services/article/1626035?custom_click=rss http://gazette.com/more-than-40-workers-laid-off-at-penrose-st.-francis-health-services/article/1626035?custom_click=rss

Penrose-St. Francis Health Services laid off 42 employees this week, a hospital spokesman confirmed Tuesday.

The hospital system's layoffs included Mark Hartman, the leader of St. Francis Medical Center, and other employees at "all levels of the organization," said spokesman Chris Valentine.

The dismissals, which were issued Monday, mark the first layoffs at Penrose-St. Francis in at least a decade, Valentine said.

They come as the hospital system's parent organization and owner, Catholic Health Initiatives, struggles with deep losses that contributed to delays in the expansion of St. Francis Medical Center on the city's northeast side.

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Thu, 17 May 2018 06:17:54 -0600
<![CDATA[Colorado regulators sanction Woodbridge in securities case]]> http://gazette.com/colorado-regulators-sanction-woodbridge-in-securities-case/article/1626115?custom_click=rss http://gazette.com/colorado-regulators-sanction-woodbridge-in-securities-case/article/1626115?custom_click=rss Colorado Securities Commissioner Gerald Rome has ordered the Woodbridge Funds to halt all violations of Colorado securities laws, including using unlicensed sales representatives to sell unregistered securities and making fraudulent statements and failing to disclose important information.

Six sales representatives were hit with similar orders and agreed to stop selling the Woodbridge investments and another representative gave up his license in an agreement with the division about the Woodbridge investments. Woodbridge was charged in a December lawsuit by the Securities and Exchange Commission with bilking more than 8,400 investors, many of them senior citizens promised annual returns of up to 10 percent, in a $1.22 billion Ponzi

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Wed, 16 May 2018 17:37:05 -0600
<![CDATA[Colorado Springs Movers & Shakers: Richard Murphy and Lawrence Gorab]]> http://gazette.com/colorado-springs-movers-shakers-richard-murphy-and-lawrence-gorab/article/1626114?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-richard-murphy-and-lawrence-gorab/article/1626114?custom_click=rss

Richard Murphy, left, and Lawrence Gorab have been promoted by Wells Fargo Advisors to senior vice president-investment officer and first vice president-investment officer, respectively. Murphy started his career at Merrill Lynch, moved after six years to AG Edwards, which was acquired by Wells Fargo in 2007. Gorab started his career at UBS Financial Services and moved after seven years to Wachovia Securities, which was acquired by Wells Fargo.

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Wed, 16 May 2018 17:33:07 -0600