<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Fri, 03 Jul 2015 23:16:47 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Aetna to buy Humana as health insurer landscape shifts]]> http://gazette.com/aetna-to-buy-humana-as-health-insurer-landscape-shifts/article/feed/249095?custom_click=rss http://gazette.com/aetna-to-buy-humana-as-health-insurer-landscape-shifts/article/feed/249095?custom_click=rss

Aetna aims to spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul.

The proposed cash-and-stock deal, announced early Friday, would make Aetna a sizeable player in the rapidly growing Medicare Advantage business, which offers privately run versions of the federally funded health care program for the elderly and some people with disabilities.

The combination also would bolster Aetna's presence in the state- and federally funded Medicaid program and Tricare coverage for military personnel and their families.

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]]> Aetna aims to spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul.

The proposed cash-and-stock deal, announced early Friday, would make Aetna a sizeable player in the rapidly growing Medicare Advantage business, which offers privately run versions of the federally funded health care program for the elderly and some people with disabilities.

The combination also would bolster Aetna's presence in the state- and federally funded Medicaid program and Tricare coverage for military personnel and their families.]]> Fri, 03 Jul 2015 19:31:06 -0600 <![CDATA[Government: Accounting exec earned leniency in Madoff case]]> http://gazette.com/government-accounting-exec-earned-leniency-in-madoff-case/article/feed/249203?custom_click=rss http://gazette.com/government-accounting-exec-earned-leniency-in-madoff-case/article/feed/249203?custom_click=rss NEW YORK (AP) — A 79-year-old former New York accounting firm executive who did work for some of Bernard Madoff's most important clients has earned leniency at sentencing because his cooperation provided new insights into history's largest financial fraud, prosecutors said.

In a filing late Thursday in Manhattan federal court, prosecutors wrote Paul Konigsberg provided valuable information by admitting his crimes, including offenses the government didn't know about, and by disclosing facts vital to the investigation of others.

Konigsberg, scheduled for sentencing Thursday, began formally cooperating after pleading guilty last year to conspiracy and falsifying books and records.

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]]> NEW YORK (AP) — A 79-year-old former New York accounting firm executive who did work for some of Bernard Madoff's most important clients has earned leniency at sentencing because his cooperation provided new insights into history's largest financial fraud, prosecutors said.

In a filing late Thursday in Manhattan federal court, prosecutors wrote Paul Konigsberg provided valuable information by admitting his crimes, including offenses the government didn't know about, and by disclosing facts vital to the investigation of others.

Konigsberg, scheduled for sentencing Thursday, began formally cooperating after pleading guilty last year to conspiracy and falsifying books and records.]]> Fri, 03 Jul 2015 17:17:02 -0600 <![CDATA['Inside Out' celebrates edge over 'Magic Mike,' 'Terminator']]> http://gazette.com/inside-out-celebrates-edge-over-magic-mike-terminator/article/feed/249198?custom_click=rss http://gazette.com/inside-out-celebrates-edge-over-magic-mike-terminator/article/feed/249198?custom_click=rss

LOS ANGELES (AP) — Even with the flashy competition of Terminators and male strippers, the little feelings inside a young girl's head proved to be more of a draw for moviegoers going into the holiday weekend.

Disney and Pixar's "Inside Out" earned a chart-topping $7.7 million on Thursday, according to Rentrak estimates. The animated family film has grossed $216.1 million to date and could become the first film since "Argo" to climb to No. 1 during its third weekend in release.

"Inside Out" had been trailing the gargantuan grosses of "Jurassic World" for two weeks, but might have the edge finally. Universal's record-busting dino film brought in $6.9 million Thursday, bringing its domestic total to $527.2 million.

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]]> LOS ANGELES (AP) — Even with the flashy competition of Terminators and male strippers, the little feelings inside a young girl's head proved to be more of a draw for moviegoers going into the holiday weekend.

Disney and Pixar's "Inside Out" earned a chart-topping $7.7 million on Thursday, according to Rentrak estimates. The animated family film has grossed $216.1 million to date and could become the first film since "Argo" to climb to No. 1 during its third weekend in release.

"Inside Out" had been trailing the gargantuan grosses of "Jurassic World" for two weeks, but might have the edge finally. Universal's record-busting dino film brought in $6.9 million Thursday, bringing its domestic total to $527.2 million.]]> Fri, 03 Jul 2015 17:02:10 -0600 <![CDATA[Military recruits still not using American-made sneakers]]> http://gazette.com/military-recruits-still-not-using-american-made-sneakers/article/feed/249049?custom_click=rss http://gazette.com/military-recruits-still-not-using-american-made-sneakers/article/feed/249049?custom_click=rss

BOSTON (AP) — New Balance thinks the U.S. military is dragging its feet.

Last April, the Department of Defense announced military recruits would start using athletic shoes 100 percent made and manufactured in America, in recognition of a law Congress passed in 1941 requiring the department give preference to American-made goods.

Over a year after the announcement, the Army, Navy, Air Force and Marines have still not purchased a single sneaker that meets the exacting standards of the 1941 law, known as the Berry Amendment.

Matthew LeBretton, New Balance's vice president of public affairs, is convinced the delays are deliberate "payback" for companies like New Balance that have been vocally lobbying for the change for y

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]]> BOSTON (AP) — New Balance thinks the U.S. military is dragging its feet.

Last April, the Department of Defense announced military recruits would start using athletic shoes 100 percent made and manufactured in America, in recognition of a law Congress passed in 1941 requiring the department give preference to American-made goods.

Over a year after the announcement, the Army, Navy, Air Force and Marines have still not purchased a single sneaker that meets the exacting standards of the 1941 law, known as the Berry Amendment.

Matthew LeBretton, New Balance's vice president of public affairs, is convinced the delays are deliberate "payback" for companies like New Balance that have been vocally lobbying for the change for y]]> Fri, 03 Jul 2015 16:16:56 -0600 <![CDATA[Figures on government spending and debt]]> http://gazette.com/figures-on-government-spending-and-debt/article/feed/215?custom_click=rss http://gazette.com/figures-on-government-spending-and-debt/article/feed/215?custom_click=rss WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

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WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.]]> Fri, 03 Jul 2015 16:15:33 -0600
<![CDATA[World stocks drift lower ahead of Greek vote; China plunges]]> http://gazette.com/world-stocks-drift-lower-ahead-of-greek-vote-china-plunges/article/feed/249066?custom_click=rss http://gazette.com/world-stocks-drift-lower-ahead-of-greek-vote-china-plunges/article/feed/249066?custom_click=rss

World stock markets mostly drifted lower Friday ahead of Greece's weekend referendum, while China's main stock benchmark plunged as government efforts failed to reassure panicky investors.

KEEPING SCORE: European stocks were mixed, with France's CAC 40 falling 0.6 percent to close at 4,808.22. Germany's DAX dropped 0.4 percent to 11,058.39. Britain's FTSE 100 declined 0.7 percent to 6,585.78. U.S. markets were closed in observance of Independence Day.

GREECE VOTES: Investors are awaiting the outcome of a weekend referendum in Greece on whether to accept more budget cuts in exchange for new bailout loans.

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]]> World stock markets mostly drifted lower Friday ahead of Greece's weekend referendum, while China's main stock benchmark plunged as government efforts failed to reassure panicky investors.

KEEPING SCORE: European stocks were mixed, with France's CAC 40 falling 0.6 percent to close at 4,808.22. Germany's DAX dropped 0.4 percent to 11,058.39. Britain's FTSE 100 declined 0.7 percent to 6,585.78. U.S. markets were closed in observance of Independence Day.

GREECE VOTES: Investors are awaiting the outcome of a weekend referendum in Greece on whether to accept more budget cuts in exchange for new bailout loans.]]> Fri, 03 Jul 2015 14:30:36 -0600 <![CDATA[Judge to hear request to halt ocean blasting research plan]]> http://gazette.com/judge-to-hear-request-to-halt-ocean-blasting-research-plan/article/feed/249179?custom_click=rss http://gazette.com/judge-to-hear-request-to-halt-ocean-blasting-research-plan/article/feed/249179?custom_click=rss ATLANTIC CITY, N.J. (AP) — A federal judge will hear arguments this month by fishing groups who want him to shut down a research project that involves blasting the ocean floor off the coast of New Jersey with sound waves.

U.S. District Court Judge Michael Shipp will hear the groups' request on July 15 for a temporary restraining order stopping the project.

Fishing groups and environmentalists say the research disturbs and can possibly harm marine life including dolphins, turtles and whales. The project uses sound waves to study sediment on the ocean floor dating back 60 million years to see how sea level rise has changed the coastline.

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]]> ATLANTIC CITY, N.J. (AP) — A federal judge will hear arguments this month by fishing groups who want him to shut down a research project that involves blasting the ocean floor off the coast of New Jersey with sound waves.

U.S. District Court Judge Michael Shipp will hear the groups' request on July 15 for a temporary restraining order stopping the project.

Fishing groups and environmentalists say the research disturbs and can possibly harm marine life including dolphins, turtles and whales. The project uses sound waves to study sediment on the ocean floor dating back 60 million years to see how sea level rise has changed the coastline.]]> Fri, 03 Jul 2015 13:31:23 -0600 <![CDATA[Insurer merger mania paints muddied picture for consumers]]> http://gazette.com/insurer-merger-mania-paints-muddied-picture-for-consumers/article/feed/249182?custom_click=rss http://gazette.com/insurer-merger-mania-paints-muddied-picture-for-consumers/article/feed/249182?custom_click=rss More than a third of the U.S. population has health coverage through an insurer that either wants to make a huge acquisition or is about to be swallowed up in one.

Aetna laid out a plan on Friday to spend around $35 billion to buy the Medicare Advantage provider Humana Inc. That came a day after Centene Corp. and Health Net Inc. announced a smaller deal and a couple of weeks after Anthem Inc. went public with its offer of more than $47 billion for Cigna Corp.

The nation's biggest insurer, UnitedHealth Group Inc., also has kicked the tires on making an offer to Aetna Inc., according to The Wall Street Journal.

Read more on Colorado Springs Gazette


]]> More than a third of the U.S. population has health coverage through an insurer that either wants to make a huge acquisition or is about to be swallowed up in one.

Aetna laid out a plan on Friday to spend around $35 billion to buy the Medicare Advantage provider Humana Inc. That came a day after Centene Corp. and Health Net Inc. announced a smaller deal and a couple of weeks after Anthem Inc. went public with its offer of more than $47 billion for Cigna Corp.

The nation's biggest insurer, UnitedHealth Group Inc., also has kicked the tires on making an offer to Aetna Inc., according to The Wall Street Journal.]]> Fri, 03 Jul 2015 13:16:01 -0600 <![CDATA[Wine ice cream, maple water: 5 foods of the future?]]> http://gazette.com/wine-ice-cream-maple-water-5-foods-of-the-future/article/feed/249138?custom_click=rss http://gazette.com/wine-ice-cream-maple-water-5-foods-of-the-future/article/feed/249138?custom_click=rss

NEW YORK (AP) — Chips made out of broccoli, chickpeas and kale. Wine-spiked ice cream. Popcorn that didn't quite fulfill its destiny.

Those were some of the alternate-universe products at this week's 61st annual Fancy Food Show. Many have limited distribution and aren't easy to find, but could signal coming trends.

Buyers for places like supermarkets milled about the trade show at the sprawling Jacob Javits Center in New York City, tasting the treats on display and stuffing bags with free samples.

"It's like a secret wonderland of food," said Louise Kramer, a spokeswoman for the Specialty Food Association, the trade group that puts on the show. The expo, which featured more than 100,000 products, is not open to the pu

Read more on Colorado Springs Gazette


]]> NEW YORK (AP) — Chips made out of broccoli, chickpeas and kale. Wine-spiked ice cream. Popcorn that didn't quite fulfill its destiny.

Those were some of the alternate-universe products at this week's 61st annual Fancy Food Show. Many have limited distribution and aren't easy to find, but could signal coming trends.

Buyers for places like supermarkets milled about the trade show at the sprawling Jacob Javits Center in New York City, tasting the treats on display and stuffing bags with free samples.

"It's like a secret wonderland of food," said Louise Kramer, a spokeswoman for the Specialty Food Association, the trade group that puts on the show. The expo, which featured more than 100,000 products, is not open to the pu]]> Fri, 03 Jul 2015 12:30:20 -0600 <![CDATA[Independence Day? To some, July 4 is Barbecued Spareribs Day]]> http://gazette.com/independence-day-to-some-july-4-is-barbecued-spareribs-day/article/feed/249162?custom_click=rss http://gazette.com/independence-day-to-some-july-4-is-barbecued-spareribs-day/article/feed/249162?custom_click=rss

NEW YORK (AP) — To most Americans, July 4 is Independence Day. But on Marlo Anderson's calendar, it's also Caesar Salad Day and Barbecued Spareribs Day.

Anderson is the mastermind of the National Day Calendar, an online compendium of pseudo-holidays that has become a resource for TV and radio stations looking to add a little levity to their broadcasts, among others.

The 52-year-old co-owner of a VHS digitizing company in North Dakota started the calendar in 2013 and soon realized the site could also be a way for people to declare their own special days. So last year, he started charging $1,500 to $4,000 for "national day" proclamations.

"People certainly don't need to use us. It's just we really give it a jumpstart,"

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]]> NEW YORK (AP) — To most Americans, July 4 is Independence Day. But on Marlo Anderson's calendar, it's also Caesar Salad Day and Barbecued Spareribs Day.

Anderson is the mastermind of the National Day Calendar, an online compendium of pseudo-holidays that has become a resource for TV and radio stations looking to add a little levity to their broadcasts, among others.

The 52-year-old co-owner of a VHS digitizing company in North Dakota started the calendar in 2013 and soon realized the site could also be a way for people to declare their own special days. So last year, he started charging $1,500 to $4,000 for "national day" proclamations.

"People certainly don't need to use us. It's just we really give it a jumpstart," ]]> Fri, 03 Jul 2015 11:30:33 -0600 <![CDATA[Job market's new normal: Smaller workforce, sluggish pay]]> http://gazette.com/job-markets-new-normal-smaller-workforce-sluggish-pay/article/feed/249150?custom_click=rss http://gazette.com/job-markets-new-normal-smaller-workforce-sluggish-pay/article/feed/249150?custom_click=rss

WASHINGTON (AP) — Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be.

Pay is sluggish. Many part-timers can't find full-time work. And a diminished share of Americans either have a job or are looking for one.

Yet in the face of global and demographic shifts, this may be what a nearly healthy U.S. job market now looks like.

An aging population is sending an outsize proportion of Americans into retirement. Many younger adults, bruised by the Great Recession, are postponing work to remain in school to try to become more marketable. Global competition and the increasing automation of many jobs are holding down pay.

Read more on Colorado Springs Gazette


]]> WASHINGTON (AP) — Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be.

Pay is sluggish. Many part-timers can't find full-time work. And a diminished share of Americans either have a job or are looking for one.

Yet in the face of global and demographic shifts, this may be what a nearly healthy U.S. job market now looks like.

An aging population is sending an outsize proportion of Americans into retirement. Many younger adults, bruised by the Great Recession, are postponing work to remain in school to try to become more marketable. Global competition and the increasing automation of many jobs are holding down pay.]]> Fri, 03 Jul 2015 10:45:30 -0600 <![CDATA[APNewsBreak: Ohio looks overseas in search for lethal drugs]]> http://gazette.com/apnewsbreak-ohio-looks-overseas-in-search-for-lethal-drugs/article/feed/249133?custom_click=rss http://gazette.com/apnewsbreak-ohio-looks-overseas-in-search-for-lethal-drugs/article/feed/249133?custom_click=rss

COLUMBUS, Ohio (AP) — Ohio has explored overseas options in its search for lethal injection drugs no longer available in the U.S. despite a court ruling that banned such purchases, records show.

The prison where Ohio carries out executions successfully applied for an import license from the U.S. Drug Enforcement Administration late last year in its search for lethal injection drugs, according to documents obtained by The Associated Press through an open records request. The license expires at the end of February next year.

"Law enforcement purpose," Richard Theodore, prisons agency policy adviser, said on a DEA questionnaire in November, prompted for the reason for applying.

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]]> COLUMBUS, Ohio (AP) — Ohio has explored overseas options in its search for lethal injection drugs no longer available in the U.S. despite a court ruling that banned such purchases, records show.

The prison where Ohio carries out executions successfully applied for an import license from the U.S. Drug Enforcement Administration late last year in its search for lethal injection drugs, according to documents obtained by The Associated Press through an open records request. The license expires at the end of February next year.

"Law enforcement purpose," Richard Theodore, prisons agency policy adviser, said on a DEA questionnaire in November, prompted for the reason for applying.]]> Fri, 03 Jul 2015 09:46:58 -0600 <![CDATA[US airline probe would need proof beyond business as usual]]> http://gazette.com/us-airline-probe-would-need-proof-beyond-business-as-usual/article/feed/249134?custom_click=rss http://gazette.com/us-airline-probe-would-need-proof-beyond-business-as-usual/article/feed/249134?custom_click=rss

WASHINGTON (AP) — Experts say the government faces a challenge as it investigates possible collusion in the airline industry. It'll have to prove that carriers were deliberately signaling business decisions to each other.

Any company can limit the supply of its own products, from airline tickets to sneakers or smartphones. But it would be illegal for airlines to work together to limit flights in order to drive up fares.

The government's investigation is in its initial phases. Letters have gone out to American Airlines, Delta Air Lines, Southwest Airlines and United Airlines. Together, those carriers control more than 80 percent of the domestic seats in the U.S. Now the government will review statements executives made to Wa

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]]> WASHINGTON (AP) — Experts say the government faces a challenge as it investigates possible collusion in the airline industry. It'll have to prove that carriers were deliberately signaling business decisions to each other.

Any company can limit the supply of its own products, from airline tickets to sneakers or smartphones. But it would be illegal for airlines to work together to limit flights in order to drive up fares.

The government's investigation is in its initial phases. Letters have gone out to American Airlines, Delta Air Lines, Southwest Airlines and United Airlines. Together, those carriers control more than 80 percent of the domestic seats in the U.S. Now the government will review statements executives made to Wa]]> Fri, 03 Jul 2015 09:30:55 -0600 <![CDATA[Watch what Fourth of July fireworks you light in Pikes Peak region]]> http://gazette.com/watch-what-fourth-of-july-fireworks-you-light-in-pikes-peak-region/article/1554701?custom_click=rss http://gazette.com/watch-what-fourth-of-july-fireworks-you-light-in-pikes-peak-region/article/1554701?custom_click=rss

Don't get burned by not knowing what you can and cannot celebrate with on the Fourth of July - keep this information in mind to stay safe and legal with fireworks this holiday weekend.

In El Paso County, only certain fireworks are restricted, while fountain and ground spinner fireworks, smoke bombs and sparklers are permissible. Trick noisemakers, such as snaps - the small paper wads thrown at the ground - are also legal. According to an El Paso County news release, "a good rule of thumb to remember is if a firework flies through the air, explodes or shoots flaming balls, it is illegal."

Similar rules apply in unincorporated areas of Teller County, where fireworks are prohibited if they explode or leave the ground, but



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Don't get burned by not knowing what you can and cannot celebrate with on the Fourth of July - keep this information in mind to stay safe and legal with fireworks this holiday weekend.

In El Paso County, only certain fireworks are restricted, while fountain and ground spinner fireworks, smoke bombs and sparklers are permissible. Trick noisemakers, such as snaps - the small paper wads thrown at the ground - are also legal. According to an El Paso County news release, "a good rule of thumb to remember is if a firework flies through the air, explodes or shoots flaming balls, it is illegal."

Similar rules apply in unincorporated areas of Teller County, where fireworks are prohibited if they explode or leave the ground, but

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Fri, 03 Jul 2015 08:33:22 -0600
<![CDATA[Let's make a deal: mega-mergers drive M&A frenzy]]> http://gazette.com/lets-make-a-deal-mega-mergers-drive-ma-frenzy/article/feed/249065?custom_click=rss http://gazette.com/lets-make-a-deal-mega-mergers-drive-ma-frenzy/article/feed/249065?custom_click=rss

NEW YORK (AP) — Deal makers from New York to London had a busy first half of the year, and mega-mergers drove the frenzy.

Companies around the world announced mergers and acquisitions worth $2.3 trillion, according to figures from data provider Dealogic, the second-best half-year total on record and the highest amount since 2007, when $2.6 trillion of deals were announced.

The tie-ups included 31 deals worth $10 billion or more, accounting for 39 percent of the total. That's the largest share since the second half of 1999, at the peak of the dot-com bubble.

The second half of the year is also off to a hot start, with a $37 billion deal by Aetna Inc. to buy fellow insurer Humana Inc. announced early Friday.

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]]> NEW YORK (AP) — Deal makers from New York to London had a busy first half of the year, and mega-mergers drove the frenzy.

Companies around the world announced mergers and acquisitions worth $2.3 trillion, according to figures from data provider Dealogic, the second-best half-year total on record and the highest amount since 2007, when $2.6 trillion of deals were announced.

The tie-ups included 31 deals worth $10 billion or more, accounting for 39 percent of the total. That's the largest share since the second half of 1999, at the peak of the dot-com bubble.

The second half of the year is also off to a hot start, with a $37 billion deal by Aetna Inc. to buy fellow insurer Humana Inc. announced early Friday.]]> Fri, 03 Jul 2015 08:00:17 -0600 <![CDATA[US official: China, US working to end ivory trade]]> http://gazette.com/us-official-china-us-working-to-end-ivory-trade/article/feed/249094?custom_click=rss http://gazette.com/us-official-china-us-working-to-end-ivory-trade/article/feed/249094?custom_click=rss

BEIJING (AP) — The United States and China want to increase cooperation in fighting wildlife trafficking and are working to end commercial ivory trading, a U.S. Cabinet secretary said Friday.

U.S. Interior Secretary Sally Jewell met in Beijing with Vice Premier Wang Yang and Forestry Administration head Zhao Shucong. She said both officials expressed that the Chinese government intends to end ivory trade in China, the world's top market for illegal ivory.

Critics have long argued that the legal ivory market in China has provided a cover for a thriving black market that has been blamed for the poaching of wild African elephants.

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]]> BEIJING (AP) — The United States and China want to increase cooperation in fighting wildlife trafficking and are working to end commercial ivory trading, a U.S. Cabinet secretary said Friday.

U.S. Interior Secretary Sally Jewell met in Beijing with Vice Premier Wang Yang and Forestry Administration head Zhao Shucong. She said both officials expressed that the Chinese government intends to end ivory trade in China, the world's top market for illegal ivory.

Critics have long argued that the legal ivory market in China has provided a cover for a thriving black market that has been blamed for the poaching of wild African elephants.]]> Fri, 03 Jul 2015 07:00:38 -0600 <![CDATA[MOVERS & SHAKERS]]> http://gazette.com/movers-shakers/article/1554895?custom_click=rss http://gazette.com/movers-shakers/article/1554895?custom_click=rss Big Brothers Big Sisters of Colorado-Pikes Peak recently added Greg Antl of Wal-Mart, Mitch Mann of the Air Force Academy Athletic Corp. and Alex Sullivan of UMB Bank to its advisory board. Antl, Mann and Sullivan join Big Brothers Big Sisters as it prepares to celebrate Big Brothers Big Sisters Week from July 11-18.

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Big Brothers Big Sisters of Colorado-Pikes Peak recently added Greg Antl of Wal-Mart, Mitch Mann of the Air Force Academy Athletic Corp. and Alex Sullivan of UMB Bank to its advisory board. Antl, Mann and Sullivan join Big Brothers Big Sisters as it prepares to celebrate Big Brothers Big Sisters Week from July 11-18.]]> Fri, 03 Jul 2015 04:05:30 -0600
<![CDATA[Subsidiary of Colorado Springs medical manufacturer wins $20 million court judgment]]> http://gazette.com/subsidiary-of-colorado-springs-medical-manufacturer-wins-20-million-court-judgment/article/1554893?custom_click=rss http://gazette.com/subsidiary-of-colorado-springs-medical-manufacturer-wins-20-million-court-judgment/article/1554893?custom_click=rss

A subsidiary of Colorado Springs-based medical laser manufacturer Spectranetics Corp. has won a $20 million judgment against its co-founder - who developed a competing product while with the company, yet allegedly failed to make it available to the firm.

In 2012, AngioScore Inc., acquired by Spectranetics last year, sued Eitan Konstantino, its former co-founder, officer and board member, and three other companies he founded. In its suit, AngioScore said Konstantino developed the "Chocolate" balloon angioplasty catheter while serving on the AngioScore board.

On Thursday, Spectranetics announced that a California federal district court had found that Konstantino breached his fiduciary duty to AngioScore by failing to offer it

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]]> A subsidiary of Colorado Springs-based medical laser manufacturer Spectranetics Corp. has won a $20 million judgment against its co-founder - who developed a competing product while with the company, yet allegedly failed to make it available to the firm.

In 2012, AngioScore Inc., acquired by Spectranetics last year, sued Eitan Konstantino, its former co-founder, officer and board member, and three other companies he founded. In its suit, AngioScore said Konstantino developed the "Chocolate" balloon angioplasty catheter while serving on the AngioScore board.

On Thursday, Spectranetics announced that a California federal district court had found that Konstantino breached his fiduciary duty to AngioScore by failing to offer it]]> Fri, 03 Jul 2015 04:05:28 -0600 <![CDATA[List: Fourth of July closings in the Colorado Springs area]]> http://gazette.com/list-fourth-of-july-closings-in-the-colorado-springs-area/article/1554820?custom_click=rss http://gazette.com/list-fourth-of-july-closings-in-the-colorado-springs-area/article/1554820?custom_click=rss

Closings

Banks and credit unions: Most banks and credit unions closed Saturday. Some may be closed or have shortened hours Friday. Check with individual bank or credit union for hours.

Buses (Metro Transit): Buses running on Sunday schedule Saturday.

Government offices: City, county, state and federal offices closed Friday.

Libraries: All Pikes Peak District library branches closed Saturday.

Postal Service: All offices closed and no mail service Saturday

The Gazette: Office closed Friday; newspaper delivery unaffected.

Malls: The Citadel, Chapel Hills and the Promenade Shops at Briargate: Open 10 a.m.-6 p.m. Saturday.

Major department and grocery stores: Most open regular hours Saturday.



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Closings

Banks and credit unions: Most banks and credit unions closed Saturday. Some may be closed or have shortened hours Friday. Check with individual bank or credit union for hours.

Buses (Metro Transit): Buses running on Sunday schedule Saturday.

Government offices: City, county, state and federal offices closed Friday.

Libraries: All Pikes Peak District library branches closed Saturday.

Postal Service: All offices closed and no mail service Saturday

The Gazette: Office closed Friday; newspaper delivery unaffected.

Malls: The Citadel, Chapel Hills and the Promenade Shops at Briargate: Open 10 a.m.-6 p.m. Saturday.

Major department and grocery stores: Most open regular hours Saturday.

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Thu, 02 Jul 2015 18:14:47 -0600
<![CDATA[Whole Foods CEOs apologize for pricing problems]]> http://gazette.com/whole-foods-ceos-apologize-for-pricing-problems/article/1554879?custom_click=rss http://gazette.com/whole-foods-ceos-apologize-for-pricing-problems/article/1554879?custom_click=rss

NEW YORK — Whole Foods Market's CEOs apologized Thursday for pricing issues at its stores, a week after a New York investigation found that the natural food grocer routinely overcharged for prepackaged fruits, vegetables and deli meats.

In a YouTube video, co-CEOs John Mackey and Walter Robb said that the mistakes were unintentional. They said the company will increase its training at stores around the county to fix any pricing issues.

Last week, New York's Department of Consumer Affairs said it was expanding its investigation after finding that Whole Foods stores in the city regularly ripped customers off, including overcharging $14.84 for a package of coconut shrimp and $4.85 for eight chicken tenders.



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NEW YORK — Whole Foods Market's CEOs apologized Thursday for pricing issues at its stores, a week after a New York investigation found that the natural food grocer routinely overcharged for prepackaged fruits, vegetables and deli meats.

In a YouTube video, co-CEOs John Mackey and Walter Robb said that the mistakes were unintentional. They said the company will increase its training at stores around the county to fix any pricing issues.

Last week, New York's Department of Consumer Affairs said it was expanding its investigation after finding that Whole Foods stores in the city regularly ripped customers off, including overcharging $14.84 for a package of coconut shrimp and $4.85 for eight chicken tenders.

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Thu, 02 Jul 2015 11:10:49 -0600
<![CDATA[Colorado Springs-area homebuilding jumps in June]]> http://gazette.com/colorado-springs-area-homebuilding-jumps-in-june/article/1554830?custom_click=rss http://gazette.com/colorado-springs-area-homebuilding-jumps-in-june/article/1554830?custom_click=rss

The pace of Colorado Springs-area homebuilding rose last month as more people who moved to the area, a better economy and a tight supply of re-sale properties helped propel the new home market.

The Pikes Peak Regional Building Department in June issued 285 single-family home permits issued for new homes to be built in El Paso County, according to a report Wednesday by the agency.

June permits were up nearly 15 percent over the same month last year, the fifth consecutive month permits have risen on a year-over-year basis. Last month's total was the highest number of permits for any June since 2006.

For the first half of 2015, single-family home permits totaled 1,358, a 2.3 percent increase over the same period last year.

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]]> The pace of Colorado Springs-area homebuilding rose last month as more people who moved to the area, a better economy and a tight supply of re-sale properties helped propel the new home market.

The Pikes Peak Regional Building Department in June issued 285 single-family home permits issued for new homes to be built in El Paso County, according to a report Wednesday by the agency.

June permits were up nearly 15 percent over the same month last year, the fifth consecutive month permits have risen on a year-over-year basis. Last month's total was the highest number of permits for any June since 2006.

For the first half of 2015, single-family home permits totaled 1,358, a 2.3 percent increase over the same period last year.]]> Thu, 02 Jul 2015 04:05:15 -0600 <![CDATA[Colorado Springs-area job market sees little change in May]]> http://gazette.com/colorado-springs-area-job-market-sees-little-change-in-may/article/1554827?custom_click=rss http://gazette.com/colorado-springs-area-job-market-sees-little-change-in-may/article/1554827?custom_click=rss

The Colorado Springs-area job market in May changed little from April as the unemployment rate remained at 5.3 percent and payrolls grew moderately from May 2014, the U.S. Bureau of Labor Statistics reported Wednesday.

The local jobless rate has hovered between 5.1 percent and 5.3 percent since October. The May rate is down from 6.3 percent in May 2014. The labor force, total employed and number of people looking for work haven't changed much during the past six months after dropping sharply in the previous two years.

Area payrolls in May expanded 1.6 percent from May 2014 with more than a third of the growth fueled by the health care industry, which added 1,500 jobs.

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]]> The Colorado Springs-area job market in May changed little from April as the unemployment rate remained at 5.3 percent and payrolls grew moderately from May 2014, the U.S. Bureau of Labor Statistics reported Wednesday.

The local jobless rate has hovered between 5.1 percent and 5.3 percent since October. The May rate is down from 6.3 percent in May 2014. The labor force, total employed and number of people looking for work haven't changed much during the past six months after dropping sharply in the previous two years.

Area payrolls in May expanded 1.6 percent from May 2014 with more than a third of the growth fueled by the health care industry, which added 1,500 jobs.]]> Thu, 02 Jul 2015 04:05:14 -0600 <![CDATA[MOVERS & SHAKERS]]> http://gazette.com/movers-shakers/article/1554826?custom_click=rss http://gazette.com/movers-shakers/article/1554826?custom_click=rss

Warren Epstein has joined Colorado Springs-based marketing agency Blakely + Co. as an account manager. He previously was communications director at the Colorado Springs Fine Arts Center and had been the longtime arts and entertainment editor of The Gazette.

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]]> Warren Epstein has joined Colorado Springs-based marketing agency Blakely + Co. as an account manager. He previously was communications director at the Colorado Springs Fine Arts Center and had been the longtime arts and entertainment editor of The Gazette.

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submit item

To submit an item, go to the press release form at gazette.com/business.]]> Wed, 01 Jul 2015 14:40:01 -0600 <![CDATA[75th annual Pikes Peak or Bust Rodeo kicks off this month]]> http://gazette.com/75th-annual-pikes-peak-or-bust-rodeo-kicks-off-this-month/article/1554817?custom_click=rss http://gazette.com/75th-annual-pikes-peak-or-bust-rodeo-kicks-off-this-month/article/1554817?custom_click=rss

Grounds open at 4 p.m. Wednesday through July 10 and 10 a.m. July 11 for pre-rodeo activities including mutton bustin' tryouts, gold panning, pony rides, mechanical bull rides, climbing wall and more, rodeo at 7:15 p.m. Wednesday through July 11, 12:45 p.m. July 11, Norris-Penrose Event Center, 1045 Lower Gold Camp Road, $15.75-$43.75, half-price grandstand ages 12 and younger, free ages 2 and younger, $2 military discount; 884-1199, pikespeakorbust.org

Something else: Pikes Peak or Bust Rodeo Parade, 6:30 p.m. Tuesday, downtown along Tejon Street between St. Vrain Street and Vermijo Avenue, free.

Lecile Harris took it as a strong sign when he landed in a hospital after a rodeo.



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Grounds open at 4 p.m. Wednesday through July 10 and 10 a.m. July 11 for pre-rodeo activities including mutton bustin' tryouts, gold panning, pony rides, mechanical bull rides, climbing wall and more, rodeo at 7:15 p.m. Wednesday through July 11, 12:45 p.m. July 11, Norris-Penrose Event Center, 1045 Lower Gold Camp Road, $15.75-$43.75, half-price grandstand ages 12 and younger, free ages 2 and younger, $2 military discount; 884-1199, pikespeakorbust.org

Something else: Pikes Peak or Bust Rodeo Parade, 6:30 p.m. Tuesday, downtown along Tejon Street between St. Vrain Street and Vermijo Avenue, free.

Lecile Harris took it as a strong sign when he landed in a hospital after a rodeo.

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Wed, 01 Jul 2015 12:40:08 -0600
<![CDATA[High-end Colorado Springs chocolate-maker hoping for sweet success]]> http://gazette.com/high-end-colorado-springs-chocolate-maker-hoping-for-sweet-success/article/1554764?custom_click=rss http://gazette.com/high-end-colorado-springs-chocolate-maker-hoping-for-sweet-success/article/1554764?custom_click=rss

There isn't a single candy bar at Cacao Chemistry. Instead, small decorated truffles are displayed in a glass case with prices starting at $2.50.

Even though the truffle could be eaten in two bites, there is a chemistry behind it. It might be sweet, it might be salty, fruity - with a little wine or whiskey in it.

Inspired by the way different ingredients blend in a mix of flavors in the chocolates, Sam Lang and Travis Ashing started Cacao Chemistry. Cacao is the Latin word for the cocoa bean tree. Their logo includes the abbreviation - Ca - for the element calcium. That's because calcium is the primary element in milk, and milk and chocolate share a great chemistry, Lang said.



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There isn't a single candy bar at Cacao Chemistry. Instead, small decorated truffles are displayed in a glass case with prices starting at $2.50.

Even though the truffle could be eaten in two bites, there is a chemistry behind it. It might be sweet, it might be salty, fruity - with a little wine or whiskey in it.

Inspired by the way different ingredients blend in a mix of flavors in the chocolates, Sam Lang and Travis Ashing started Cacao Chemistry. Cacao is the Latin word for the cocoa bean tree. Their logo includes the abbreviation - Ca - for the element calcium. That's because calcium is the primary element in milk, and milk and chocolate share a great chemistry, Lang said.

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Wed, 01 Jul 2015 09:59:58 -0600
<![CDATA[Marketing Matters: Find new ways to create connections with prospects]]> http://gazette.com/marketing-matters-find-new-ways-to-create-connections-with-prospects/article/1554799?custom_click=rss http://gazette.com/marketing-matters-find-new-ways-to-create-connections-with-prospects/article/1554799?custom_click=rss

A new client recently commented that cold-call prospecting to businesses that used its services wasn't getting the same return that it had in the past. His sales team was working harder and harder just to get in front of good prospects. Connecting with someone on the phone was increasingly difficult. He wondered if I had any thoughts on why and what could be done.

The first "why" is that people are busier than ever - especially at work. Nobody has time to socialize with a sales rep over a lengthy lunch. On top of that, people don't appreciate unexpected calls and drop-in visitors. That makes it more difficult than ever to connect and build a social relationship with a prospect before getting to business.



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A new client recently commented that cold-call prospecting to businesses that used its services wasn't getting the same return that it had in the past. His sales team was working harder and harder just to get in front of good prospects. Connecting with someone on the phone was increasingly difficult. He wondered if I had any thoughts on why and what could be done.

The first "why" is that people are busier than ever - especially at work. Nobody has time to socialize with a sales rep over a lengthy lunch. On top of that, people don't appreciate unexpected calls and drop-in visitors. That makes it more difficult than ever to connect and build a social relationship with a prospect before getting to business.

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Wed, 01 Jul 2015 09:47:37 -0600
<![CDATA[MOVERS & SHAKERS]]> http://gazette.com/movers-shakers/article/1554755?custom_click=rss http://gazette.com/movers-shakers/article/1554755?custom_click=rss

Joi G. Kush joined the David M. Johnson PC law firm June 1. The firm focuses on all aspects of family law, litigation, mediation, arbitration and collaborative practice.

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]]> Joi G. Kush joined the David M. Johnson PC law firm June 1. The firm focuses on all aspects of family law, litigation, mediation, arbitration and collaborative practice.

get More,

submit item

See Sunday's Business section for more Movers & Shakers. To submit an item, go to the press release form at gazette.com/business.]]> Wed, 01 Jul 2015 04:15:09 -0600 <![CDATA[Colorado Springs gas prices nearly $1 cheaper than last year as Fourth of July approaches]]> http://gazette.com/colorado-springs-gas-prices-nearly-1-cheaper-than-last-year-as-fourth-of-july-approaches/article/1554716?custom_click=rss http://gazette.com/colorado-springs-gas-prices-nearly-1-cheaper-than-last-year-as-fourth-of-july-approaches/article/1554716?custom_click=rss

Colorado Springs-area residents who are hitting the road for this weekend's Fourth of July holiday will find gas prices are a few cents lower than last week - and about $1 cheaper than a year ago.

Even so, lower fuel prices apparently won't influence their travel plans; AAA Colorado predicts about the same number of Coloradans as last year - 650,000 - will travel 50 miles or more over the July Fourth holiday.

For sure, motorists are happy to have lower prices; with more money in their pockets, they're paying bills or sticking the cash in savings, said AAA Colorado spokeswoman Wave Dreher.

But cheaper prices aren't necessarily prompting more people to jump in their cars, she said.



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Colorado Springs-area residents who are hitting the road for this weekend's Fourth of July holiday will find gas prices are a few cents lower than last week - and about $1 cheaper than a year ago.

Even so, lower fuel prices apparently won't influence their travel plans; AAA Colorado predicts about the same number of Coloradans as last year - 650,000 - will travel 50 miles or more over the July Fourth holiday.

For sure, motorists are happy to have lower prices; with more money in their pockets, they're paying bills or sticking the cash in savings, said AAA Colorado spokeswoman Wave Dreher.

But cheaper prices aren't necessarily prompting more people to jump in their cars, she said.

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Tue, 30 Jun 2015 16:06:59 -0600
<![CDATA[Fewer Colorado Springs residents feel their home is 'ideal']]> http://gazette.com/fewer-colorado-springs-residents-feel-their-home-is-ideal/article/1554747?custom_click=rss http://gazette.com/fewer-colorado-springs-residents-feel-their-home-is-ideal/article/1554747?custom_click=rss You might like your house or apartment in Colorado Springs, but the percentage of Springs-area residents who say their home is ideal is on the low end compared with other cities around the country.

A Gallup survey of nearly 177,000 adults living in the nation’s 100 most populous metro areas, including Washington, D.C., found that 67.8 percent of Springs residents who responded said that their housing was “ideal.”

That was among the lowest percentages recorded in the survey. By contrast, Lancaster, Pa., had the highest percentage of respondents who liked their housing – 78.5 percent. The least likely to enjoy their home? In Dayton, Ohio, 65.1 percent of respondents said their housing was ideal.



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You might like your house or apartment in Colorado Springs, but the percentage of Springs-area residents who say their home is ideal is on the low end compared with other cities around the country.

A Gallup survey of nearly 177,000 adults living in the nation’s 100 most populous metro areas, including Washington, D.C., found that 67.8 percent of Springs residents who responded said that their housing was “ideal.”

That was among the lowest percentages recorded in the survey. By contrast, Lancaster, Pa., had the highest percentage of respondents who liked their housing – 78.5 percent. The least likely to enjoy their home? In Dayton, Ohio, 65.1 percent of respondents said their housing was ideal.

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Tue, 30 Jun 2015 13:49:38 -0600
<![CDATA[Blog: This unbelievable mountain home in Aspen can be yours for $65 million]]> http://gazette.com/blog-this-unbelievable-mountain-home-in-aspen-can-be-yours-for-65-million/article/1554740?custom_click=rss http://gazette.com/blog-this-unbelievable-mountain-home-in-aspen-can-be-yours-for-65-million/article/1554740?custom_click=rss

Wow! 

Want to join the "Billionaire Mountain" club? Now is the time. The Summit House in Aspen is on the market for $65 million, or $65,000,000. That's a lot of zeros.

The 7-bedroom house is the most expensive home on what has been dubbed "Billionaire Mountain," according to the Denver Post. The house has 7 full and 4 half baths and a view of the Rockies to die for.

The house is amazing. I'd get lost in it.

Now, how can I get $65 million really fast? I better go buy my powerball ticket.



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Wow! 

Want to join the "Billionaire Mountain" club? Now is the time. The Summit House in Aspen is on the market for $65 million, or $65,000,000. That's a lot of zeros.

The 7-bedroom house is the most expensive home on what has been dubbed "Billionaire Mountain," according to the Denver Post. The house has 7 full and 4 half baths and a view of the Rockies to die for.

The house is amazing. I'd get lost in it.

Now, how can I get $65 million really fast? I better go buy my powerball ticket.

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Tue, 30 Jun 2015 11:53:26 -0600