<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Sat, 24 Feb 2018 09:03:58 -0700 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[The Latest: Warren Buffett compares CEOs to oversexed teens]]> http://gazette.com/the-latest-warren-buffett-compares-ceos-to-oversexed-teens/article/feed/542464?custom_click=rss http://gazette.com/the-latest-warren-buffett-compares-ceos-to-oversexed-teens/article/feed/542464?custom_click=rss OMAHA, Neb. (AP) — The Latest on investor Warren Buffett's annual letter to Berkshire Hathaway shareholders (all times local):

8:45 a.m.

Billionaire Warren Buffett says encouraging CEOs to pursue acquisitions is a bit like encouraging a "ripening teenager to be sure to have a normal sex life."

Buffett says many businesses have overpaid for acquisitions in the past year because of that kind of optimistic attitude.

Buffett says a CEO who hungers for a deal can always find a forecast from a banker or analyst to justify the purchase.

Berkshire Hathaway didn't make many big acquisitions in 2017 because asking prices were so high.


8:30 a.m.

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 09:20:56 -0700 <![CDATA[Investor Warren Buffett says good deals tough to find]]> http://gazette.com/investor-warren-buffett-says-good-deals-tough-to-find/article/feed/542447?custom_click=rss http://gazette.com/investor-warren-buffett-says-good-deals-tough-to-find/article/feed/542447?custom_click=rss

OMAHA, Neb. (AP) — Investor Warren Buffett says the acquisition frenzy on Wall Street is making it hard for him to find deals at the right price, but his Berkshire Hathaway conglomerate recorded a $29 billion gain because of the tax reforms Congress passed.

In his annual letter to shareholders Saturday, Buffett mixed investment advice with details of how Berkshire's many businesses performed.

Buffett says a 10-year bet he made with a group of hedge funds shows why investors should be wary of fees and focus on investing regularly for the long term.

Buffett says the asking prices for potential acquisitions reached an all-time high in 2017. That kept Berkshire from making the kinds of big deals Buffett prefers.

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 08:56:14 -0700 <![CDATA[Berkshire Hathaway says tax law gives it $29B boost in 4Q]]> http://gazette.com/berkshire-hathaway-says-tax-law-gives-it-29b-boost-in-4q/article/feed/542453?custom_click=rss http://gazette.com/berkshire-hathaway-says-tax-law-gives-it-29b-boost-in-4q/article/feed/542453?custom_click=rss OMAHA, Neb. (AP) — Berkshire Hathaway's fourth-quarter profit more than quadrupled as it received a $29 billion boost from the new tax law that easily offset any weakness in the company's businesses.

Berkshire said Saturday it earned $32.6 billion, or $13.19 per Class B share, in the fourth quarter because of the tax law changes. That compares with $6.3 billion, or $2.55 per B share, a year ago.

Berkshire's CEO Warren Buffett says investors should pay more attention to operating earnings, which exclude the tax changes and investment values, to get a better sense of how Berkshire's 90-odd businesses are performing. By that measure, Berkshire reported $3.3 billion operating income, or $2.23 per B share.

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 08:19:16 -0700 <![CDATA[Closing of nearly 60-year-old Rush Cafe a loss for community east of Colorado Springs]]> http://gazette.com/closing-of-nearly-60-year-old-rush-cafe-a-loss-for-community-east-of-colorado-springs/article/1621573?custom_click=rss http://gazette.com/closing-of-nearly-60-year-old-rush-cafe-a-loss-for-community-east-of-colorado-springs/article/1621573?custom_click=rss

The Rush Cafe has been more than a place to eat.

"It's a place where people could come and see each other, come in every Tuesday for doughnuts or a cinnamon roll, enjoy each other's company and shoot the breeze," said Willis Kelly, who owns the cafe with his wife, Sherie.

The last meals will be served Wednesday at the nearly 60-year-old business, along Colorado 94 in tiny Rush, about 30 miles east of Colorado Springs. For the ranchers and other residents who were the cafe's regulars, it will mean no more Thursday night all-you-can-eat specials. No chance to fill up with the half-pound Big Rushin burger or savor the homemade soups and pies.

"It's going to be hard to even think of it being gone," Curtis Bandt said as he

Read more on Colorado Springs Gazette

Sat, 24 Feb 2018 07:19:40 -0700
<![CDATA[Companies that have cut ties with the NRA, at a glance]]> http://gazette.com/companies-that-have-cut-ties-with-the-nra-at-a-glance/article/feed/542309?custom_click=rss http://gazette.com/companies-that-have-cut-ties-with-the-nra-at-a-glance/article/feed/542309?custom_click=rss NEW YORK (AP) — U.S. companies that have partnered with the National Rifle Association to offer discounts and benefits to its members have begun to distance themselves from the gun lobbying group after the latest school shooting.

Following is a list of some of the companies that have cut ties or distanced themselves from the NRA:

First National Bank of Omaha — The bank announced that it would not renew a co-branded Visa credit-card with the NRA.

The Hertz Corp. — The rental car company ended its discount program for NRA members.

MetLife Inc. — The insurer terminated discounts that had been offered to NRA members on the NRA website

Enterprise Holdings Inc. — The car rental company that also owns Ala

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 05:11:30 -0700 <![CDATA[Emoluments suit vs. Trump now personal as well as official]]> http://gazette.com/emoluments-suit-vs.-trump-now-personal-as-well-as-official/article/feed/542323?custom_click=rss http://gazette.com/emoluments-suit-vs.-trump-now-personal-as-well-as-official/article/feed/542323?custom_click=rss

WASHINGTON (AP) — Attorneys general of Maryland and the District of Columbia on Friday expanded their lawsuit accusing President Donald Trump of accepting gifts from foreign and state governments, suing him not only as president but in his personal capacity as a businessman.

Legal experts say the move takes the "emoluments" clause of the Constitution into uncharted legal waters, since it has been interpreted as only applying to presidents in their official capacity.

"The conventional understanding is that once the president is sworn in ... everything he does is official, so he doesn't have a personal capacity any longer. That's kind of the assumption, but that could be wrong," said Mark Brown, a constitutional law expert at

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 04:30:27 -0700 <![CDATA[NRA faces corporate backlash after latest school shooting]]> http://gazette.com/nra-faces-corporate-backlash-after-latest-school-shooting/article/feed/542405?custom_click=rss http://gazette.com/nra-faces-corporate-backlash-after-latest-school-shooting/article/feed/542405?custom_click=rss

NEW YORK (AP) — The National Rifle Association is facing a corporate backlash as companies take a closer look at their investments, co-branding deals and other ties to the gun industry following the latest school massacre.

A handful of companies have ended discount programs with the NRA as the group aggressively resists calls for stricter gun control after a gunman killed 17 people at a Florida high school last week.

The moves came as petitions circulated online targeting companies offering discounts to NRA members on its website. #BoycottNRA was trending on Twitter.

Members of the NRA have access to special offers from partner companies on its website, ranging from life insurance to wine clubs. But the insurance comp

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 03:19:08 -0700 <![CDATA[Latest Mueller indictment spells trouble for bankers, too]]> http://gazette.com/latest-mueller-indictment-spells-trouble-for-bankers-too/article/feed/542391?custom_click=rss http://gazette.com/latest-mueller-indictment-spells-trouble-for-bankers-too/article/feed/542391?custom_click=rss

NEW YORK (AP) — Recently filed federal charges against President Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his New York real estate in recent years.

The most serious exposure may be for a Rhode Island-based bank that employed a "conspirator" in Manafort's scheme to obtain a loan he couldn't afford, according to the 32-count new indictment unsealed this week.

Dubbed "Lender B" in court papers, Citizens Bank not only lent Manafort $3.

Read more on Colorado Springs Gazette

]]> Sat, 24 Feb 2018 03:16:13 -0700 <![CDATA[How the AP-NORC poll on America's mood was conducted]]> http://gazette.com/how-the-ap-norc-poll-on-americas-mood-was-conducted/article/feed/542386?custom_click=rss http://gazette.com/how-the-ap-norc-poll-on-americas-mood-was-conducted/article/feed/542386?custom_click=rss The Associated Press-NORC Center for Public Affairs Research poll on America's outlook about the country was conducted by NORC from Feb. 15-19. It is based on online and telephone interviews of 1,337 adults who are members of NORC's nationally representative AmeriSpeak panel.

The original sample was drawn from respondents selected randomly from NORC's National Frame based on address-based sampling and recruited by mail, email, telephone and face-to-face interviews.

NORC interviews participants over the phone if they don't have internet access. With a probability basis and coverage of people who can't access the internet, surveys using AmeriSpeak are nationally representative.

Interviews were conducted in English and Spa

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 23:27:26 -0700 <![CDATA[AP-NORC Poll: Worries about the country, hopes for economy]]> http://gazette.com/ap-norc-poll-worries-about-the-country-hopes-for-economy/article/feed/542387?custom_click=rss http://gazette.com/ap-norc-poll-worries-about-the-country-hopes-for-economy/article/feed/542387?custom_click=rss WASHINGTON (AP) — A majority of Americans believe the country's overall direction has dipped in the past year. What's more, only 28 percent are optimistic that things will get better in the year to come.

That's according to a new poll from The Associated Press-NORC Center for Public Affairs Research.

The survey released Friday found Americans have a better feeling about the state of the U.S. economy, but remain largely sour on President Donald Trump.

Just 35 percent approve of the job he's doing, while 64 percent disapprove.

Still, 45 percent say they approve of Trump's handling of the economy. That's higher than the 34 percent who approve of how he's handling foreign policy and 37 percent who say the same of Tr

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 23:23:56 -0700 <![CDATA[Prosecutors: Developer gave illicit cash to LA politicians]]> http://gazette.com/prosecutors-developer-gave-illicit-cash-to-la-politicians/article/feed/542328?custom_click=rss http://gazette.com/prosecutors-developer-gave-illicit-cash-to-la-politicians/article/feed/542328?custom_click=rss

LOS ANGELES (AP) — A real estate developer was charged Friday with making nearly $200,000 in illegal campaign contributions to committees that supported Mayor Eric Garcetti and seven other Los Angeles politicians while seeking approval to build a massive apartment complex.

Samuel Leung, 67, was charged in Los Angeles Superior Court with conspiring to launder campaign contributions and bribing a lawmaker. His secretary, Sofia David, 58, was charged with the conspiracy count.

Leung funneled money through family members, employees and associates — and reimbursed many of them — in his effort to get land rezoned for the 325-unit Sea Breeze apartment building, according to the charges. It's illegal to make political contribut

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 20:25:02 -0700 <![CDATA[Dropbox seeking to raise $500 million in stock market debut]]> http://gazette.com/dropbox-seeking-to-raise-500-million-in-stock-market-debut/article/feed/542316?custom_click=rss http://gazette.com/dropbox-seeking-to-raise-500-million-in-stock-market-debut/article/feed/542316?custom_click=rss SAN FRANCISCO (AP) — One of the world's largest online services for backing up documents, photos and other video is opening its files in an initial public offering of stock.

Dropbox is hoping to raise $500 million in an IPO that comes 11 years after it started in San Francisco. The company confidentially filed for its IPO in October, but the information didn't become publicly available until Friday.

The filing reveals Dropbox has lost more than $1 billion since its inception. That includes a loss of $112 million on revenue of $1.1 billion last year.

Dropbox boasts about 500 million registered users, but most of them don't pay for its service.

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 18:36:15 -0700 <![CDATA[Warren Buffett is stepping down from Kraft Heinz board]]> http://gazette.com/warren-buffett-is-stepping-down-from-kraft-heinz-board/article/feed/542315?custom_click=rss http://gazette.com/warren-buffett-is-stepping-down-from-kraft-heinz-board/article/feed/542315?custom_click=rss CHICAGO (AP) — Warren Buffett is stepping down from the board of directors of Kraft Heinz Co.

The Chicago-based food and beverage giant says the 87-year-old billionaire investor will retire from its board when his term ends in April as he moves to cut back on travel.

Buffett is the CEO of Berkshire Hathaway Inc., a conglomerate based in Omaha, Nebraska.

Kraft Heinz said its board will nominate Alexandre Van Damme to take Buffett's seat. Van Damme is also a board member of Anheuser-Busch Inbev and Restaurant Brands International.

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 18:05:27 -0700 <![CDATA[BB&T says 'equipment malfunction' led to service outage]]> http://gazette.com/bbt-says-equipment-malfunction-led-to-service-outage/article/feed/542224?custom_click=rss http://gazette.com/bbt-says-equipment-malfunction-led-to-service-outage/article/feed/542224?custom_click=rss WINSTON-SALEM, N.C. (AP) — BB&T continued its work on Friday to restore all of its online banking services after an outage blamed on an equipment malfunction left some customers unable to access their accounts.

The Winston-Salem, North Carolina-based bank posted a statement on its Twitter page saying the problem persisted Friday, initially taking out its online banking, mobile banking app and automated teller machine services. They provided no further details on the source of the problem or exactly when full service would be restored.

Bank officials have apologized and said they don't believe the issue is related to a cyberattack.

"We are listening to our clients and we are committed to making this right," said Brian

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 17:56:13 -0700 <![CDATA[The Latest: Dems say Interior changes a gift to industry]]> http://gazette.com/the-latest-dems-say-interior-changes-a-gift-to-industry/article/feed/542314?custom_click=rss http://gazette.com/the-latest-dems-say-interior-changes-a-gift-to-industry/article/feed/542314?custom_click=rss

BILLINGS, Mont. (AP) — The Latest on a proposal to reorganize the Department of Interior and speed up permitting by the agency (all times local):

4:45 p.m.

House Democrats say U.S. Interior Secretary Ryan Zinke's revised plan to overhaul his department's sprawling bureaucracy has the same problem as his original proposal: It puts industry first.

Zinke on Friday revealed in an Associated Press interview that he's backing away from plan to split up his agency based on natural features such as watersheds.

Instead he wants to create 13 regions, largely along state lines, and to speed up permits issued by the agency that oversees vast public lands primarily in the west.

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 17:50:03 -0700 <![CDATA[More companies end ties with NRA as pressure mounts]]> http://gazette.com/more-companies-end-ties-with-nra-as-pressure-mounts/article/feed/542213?custom_click=rss http://gazette.com/more-companies-end-ties-with-nra-as-pressure-mounts/article/feed/542213?custom_click=rss

NEW YORK (AP) — Three more companies said Friday they had ended discount programs with the National Rifle Association, as U.S. corporations take a closer look at investments, co-branding deals and other ties to the gun industry after the latest school massacre.

Petitions are circulating online targeting companies that offer discounts to NRA members on its website. #BoycottNRA has trended on Twitter.

Members of the NRA have access to special offers from partner companies on its website, ranging from life insurance to wine clubs. For a second consecutive day, companies listed on the site have cut ties to the group as it aggressively resists calls for stricter gun control in the wake of the mass shooting last week at a Florida

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 17:35:12 -0700 <![CDATA[Seven women nominated for Colorado Springs Chamber's Athena Award]]> http://gazette.com/seven-women-nominated-for-colorado-springs-chambers-athena-award/article/1621580?custom_click=rss http://gazette.com/seven-women-nominated-for-colorado-springs-chambers-athena-award/article/1621580?custom_click=rss Seven women have been nominated for the 2018 Athena Award presented by the Colorado Springs Chamber of Commerce & EDC.

The award honors an "outstanding community and business leader who encourages women to achieve their full leadership potential," according to the chamber.

This year's Athena ceremony will take place from 11:30 a.m. to 2 p.m. April 5 at The Antlers hotel, 4 S. Cascade Ave. in downtown Colorado Springs.

The event will include networking, lunch and the award presentation. Emily Nunez Cavness and Betsy Nunez, co-founders of Sword & Plough will be the keynote speakers. Sword & Plough is a veteran-owned business that recycles military surplus into bag designs and accessories.

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 17:00:02 -0700 <![CDATA[Colorado Springs hotel industry extends growth streak after 2016 declines]]> http://gazette.com/colorado-springs-hotel-industry-extends-growth-streak-after-2016-declines/article/1621576?custom_click=rss http://gazette.com/colorado-springs-hotel-industry-extends-growth-streak-after-2016-declines/article/1621576?custom_click=rss

The Colorado Springs hotel industry kept its winning streak alive in January with the occupancy rate edging higher for a third consecutive month after five months of declines, according to the Rocky Mountain Lodging Report.

The 51.3 percent rate last month rose from 50.4 percent in January 2017 and was the highest rate for the month since at least 2000. The occupancy rate also increased from a year earlier in November and December after falling each month from June through October. The average room rate for January also increased 3.8 percent from January 2017 - to $96.15 - continuing a trend of increasing room rates every month since May 2016.

Doug Price, CEO of the Colorado Springs Convention and Visitors Bureau, said the

Read more on Colorado Springs Gazette

Fri, 23 Feb 2018 16:47:52 -0700
<![CDATA[Movers & Shakers]]> http://gazette.com/movers-shakers/article/1621577?custom_click=rss http://gazette.com/movers-shakers/article/1621577?custom_click=rss Steve Picot and Jack Bruckner have joined Colorado Springs-based cybersecurity provider root9B LLC as chief revenue officer and chief financial officer, respectively. Picot previously was chief sales officer at Maryland-based IronNet Cybersecurity and CEO of Ascolta LLC, a Virginia-based cyber analytics firm. Bruckner previously was vice president of finance and accounting for Schryver Medical LLC in Denver and chief financial officer of HukariAscendent Inc., Wheat Ridge technical and engineering consulting firm.

submit item

To submit an item, go to the press release form at gazette.com/business.

Read more on Colorado Springs Gazette

]]> Fri, 23 Feb 2018 16:45:01 -0700 <![CDATA[Stores make push in scan and go tech, hope shoppers adopt it]]> http://gazette.com/stores-make-push-in-scan-and-go-tech-hope-shoppers-adopt-it/article/1621557?custom_click=rss http://gazette.com/stores-make-push-in-scan-and-go-tech-hope-shoppers-adopt-it/article/1621557?custom_click=rss

NEW YORK — Shoppers at self-checkout lanes scanning all their groceries after they're done shopping? Old school. More stores are letting customer tally their choices with a phone app or store device as they roam the aisles.

For customers, scanning as they go can be faster and make it simpler to keep track of spending. For stores, the big expansion of this technology coming this year costs less than installing more self-checkouts.

Like many changes in retail, the expansion of scan-and-go comes from retailers trying to make store shopping more convenient and hang on to customers used to Amazon, which just opened a cashier-less store in Seattle.

Read more on Colorado Springs Gazette

Fri, 23 Feb 2018 10:09:20 -0700
<![CDATA[Popular retailer Duluth Trading Co. to open Colorado Springs store this spring]]> http://gazette.com/popular-retailer-duluth-trading-co.-to-open-colorado-springs-store-this-spring/article/1621508?custom_click=rss http://gazette.com/popular-retailer-duluth-trading-co.-to-open-colorado-springs-store-this-spring/article/1621508?custom_click=rss

Plumbers in Colorado Springs no longer have to worry about bending over; Duluth Trading Co. is coming to town.

The clothing and accessories retailer - whose tongue-in-cheek ads tout items such as a Longtail T-shirt, with 3 extra inches to cover a "plumber's butt" - will open a store at University Village Colorado, northwest of Nevada Avenue and Garden of the Gods Road, the company announced.

The 12,500-square-foot location, next to Stein Mart, will be Duluth Trading Co.'s second in Colorado. A Thornton store opened in September.

The company doesn't have an opening date for Colorado Springs, said spokeswoman Holly Dugan, although University Village developer Kevin Kratt said construction is underway at the store site for

Read more on Colorado Springs Gazette

Fri, 23 Feb 2018 08:38:33 -0700
<![CDATA[AROUND TOWN: Southern Colorado nonprofits receive almost $500,000 from Walmart]]> http://gazette.com/around-town-southern-colorado-nonprofits-receive-almost-500000-from-walmart/article/1621528?custom_click=rss http://gazette.com/around-town-southern-colorado-nonprofits-receive-almost-500000-from-walmart/article/1621528?custom_click=rss

The region's Walmart Super Centers and Neighborhood Markets have the opportunity to donate to their choice of nonprofits closest to their areas. Add to that the Walmart State Giving Program, and almost $500,000 was awarded during a Southern Colorado Community Celebration dinner with Market Manager Jon Ball on Feb. 16 at Cheyenne Mountain Resort.

Receiving grants and the presenting stores:

- Big Brothers Big Sisters of Colorado, mentoring, $5,000, Palmer Park store.

- Brent's Place, family medical house for pediatric oncology/hematology patients, $5,000, Union Boulevard store.

- Mothers of Murdered Youth (MOMY), supporting families and providing headstones for graves, $5,000, Platte Avenue store.

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 20:28:00 -0700
<![CDATA[Colorado Springs banking industry swept by wave of mergers, sales in past year]]> http://gazette.com/colorado-springs-banking-industry-swept-by-wave-of-mergers-sales-in-past-year/article/1621510?custom_click=rss http://gazette.com/colorado-springs-banking-industry-swept-by-wave-of-mergers-sales-in-past-year/article/1621510?custom_click=rss

Colorado Springs' banks saw significant changes last year with three institutions involved in mergers or sales and the local industry enjoying the best financial health since 2006.

Antoun Sehnaoui, chairman of Société Générale de Banque au Liban, acquired Pikes Peak National Bank Jan. 16, National Bank Holdings Corp. completed its $147.3 million acquisition of Peoples Inc., parent company of Peoples National Bank of Colorado Springs, on Jan. 1 and Stockmens Bank of Colorado Springs merged with First Bancshares Inc. of Mountain Grove, Mo., on July 31. All three deals retained management and aren't expected to bring noticeable changes for customers.

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 17:27:47 -0700
<![CDATA[Colorado Institute for Social Impact announces Prism Award finalists]]> http://gazette.com/colorado-institute-for-social-impact-announces-prism-award-finalists/article/1621502?custom_click=rss http://gazette.com/colorado-institute-for-social-impact-announces-prism-award-finalists/article/1621502?custom_click=rss

Mission Catering, Pikes Peak Habitat for Humanity ReStore and Mountain Equipment Recyclers on Thursday were named finalists for the Social Impact Business of the Year by the Colorado Institute for Social Impact.

The award, along with the Social Impact Startup of the Year and Social Entrepreneur of the Year awards, are to be presented during the PRISM Awards dinner from 4:30-8 p.m. March 2 at the Briarhurst Manor Estate, 404 Manitou Ave. in Manitou Springs.

Finalists for Social Impact Startup are The Pedal Station by Kids on Bikes, MilHousing Network and The Men's Xchange. Finalists for the Social Entrepreneur award are Tina Schwaner of Frayla Boutique, Steve Wood of Concrete Couch and Lindsey Litton of MilHousing Network.

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 17:01:47 -0700
<![CDATA[Colorado Springs Movers & Shakers: Eric Metzger]]> http://gazette.com/colorado-springs-movers-shakers-eric-metzger/article/1621500?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-eric-metzger/article/1621500?custom_click=rss

Eric Metzger has been hired as the first executive director of the McAllister House Museum, a new position funded by a grant from El Pomar Foundation. He previously was museum services director at the Metropolitan Waterworks Museum in Boston. He holds a bachelor's degree in anthropology from the University of Colorado at Boulder and a master's degree in museum administration from Harvard University.

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 15:41:43 -0700
<![CDATA[Toys R Us reportedly planning to close 200 more stores, corporate layoffs]]> http://gazette.com/toys-r-us-reportedly-planning-to-close-200-more-stores-corporate-layoffs/article/1621493?custom_click=rss http://gazette.com/toys-r-us-reportedly-planning-to-close-200-more-stores-corporate-layoffs/article/1621493?custom_click=rss

Bankrupt retailer Toys R Us is planning to close 200 more stores and make staff cuts at its corporate headquarters in Wayne, N.J., according to a report by the Wall Street Journal.

The report, which first appeared online Wednesday evening, triggered a new round of social media posts lamenting the death of Toys R Us, a blow for the retailer, which has been struggling to convince consumers and vendors that it has a future in the toy business.

The (Bergen) Record has learned that Toys R Us plans to hold a staff meeting today at its Wayne headquarters. A year ago this week Toys R Us laid off 250 employees at its headquarters, about 15% of its staff there.

The 200 store closings would be in addition to the approximately

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 13:38:13 -0700
<![CDATA[Colorado Springs job growth falls to 3 1/2-year low]]> http://gazette.com/colorado-springs-job-growth-falls-to-3-12-year-low/article/1621436?custom_click=rss http://gazette.com/colorado-springs-job-growth-falls-to-3-12-year-low/article/1621436?custom_click=rss

Job growth in El Paso County slowed in the third quarter of 2017 to its lowest rate in 3½ years amid a chronic labor shortage, say data released Wednesday by the Colorado Department of Labor and Employment.

The 1.9 percent increase from the third quarter of 2016 is the lowest growth rate since the 1.6 percent rate in the first quarter of 2014. The county's job growth has slowed every quarter but one since peaking at 3.5 percent during the final quarter of 2015.

The slowing growth came as the unemployment rate in the Colorado Springs area, which includes El Paso and Teller counties, hovered between 2.7 percent and 2.9 percent during the July-to-September quarter. The jobless rate climbed to 3.

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 08:29:31 -0700
<![CDATA[Colorado Springs office park heading in a new direction, housing may be added]]> http://gazette.com/colorado-springs-office-park-heading-in-a-new-direction-housing-may-be-added/article/1621447?custom_click=rss http://gazette.com/colorado-springs-office-park-heading-in-a-new-direction-housing-may-be-added/article/1621447?custom_click=rss

Patriot Park, a Colorado Springs office park that's home to defense contractors, accounting firms and other businesses, is heading in a new direction.

Owners of vacant land that makes up the lion's share of Patriot Park plan a 260-unit apartment complex and 125 homes on their property northwest of Powers Boulevard and Platte Avenue on the city's east side.

The introduction of housing would mark a major shift for Patriot Park, yet one that's in keeping with the times, said Kevin Butcher, vice president of CameronButcher Commercial Real Estate in Colorado Springs, who represents the project's owners.

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 08:28:45 -0700
<![CDATA[Hershey's renews trademark battles with marijuana businesses]]> http://gazette.com/hersheys-renews-trademark-battles-with-marijuana-businesses/article/1621452?custom_click=rss http://gazette.com/hersheys-renews-trademark-battles-with-marijuana-businesses/article/1621452?custom_click=rss

DENVER — Cannabis businesses, beware: The Hershey Co. is on the warpath.

Perhaps the most famous confectionery peddler in the world has a well-documented history of actively protecting its trademarks, and the marijuana industry is no exception.

Although Hershey's has been relatively quiet in the marijuana sector since it sued two cannabis businesses in 2014, the company seemingly ramped up its oversight of possible trademark infringements in 2017.

Hershey's — a Fortune 500 company with annual revenue of more than $7 billion — sent cease-and-desist letters last year to at least two California marijuana companies:

Harborside, a well-established dispensary in Oakland.

Good Girl Cannabis

Read more on Colorado Springs Gazette

Thu, 22 Feb 2018 06:26:16 -0700
<![CDATA[Colorado Springs accessibility consulting firm merges with engineering and architectural firm]]> http://gazette.com/colorado-springs-accessibility-consulting-firm-merges-with-engineering-and-architectural-firm/article/1621438?custom_click=rss http://gazette.com/colorado-springs-accessibility-consulting-firm-merges-with-engineering-and-architectural-firm/article/1621438?custom_click=rss

Meeting the Challenge Inc., a Colorado Springs-based accessibility compliance consulting firm, merged this month with CP&Y, a Dallas-based engineering and architectural firm.

Meeting the Challenge, which employs 22, will operate as a subsidiary of CP&Y in Colorado Springs, while CP&Y will continue to run its six-person office in the Springs.

"The combination of our companies brings together a broader suite of accessibility services to CP&Y clients and provides MTC direct access to CP&Y's deep pool of industry experts, resources and clients," Meeting the Challenge President Kent Kelley said in a news release.

Read more on Colorado Springs Gazette

Wed, 21 Feb 2018 17:17:30 -0700