<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Fri, 24 Oct 2014 06:09:53 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[California startup unveils gun technology for cops]]> http://gazette.com/california-startup-unveils-gun-technology-for-cops/article/feed/171188?custom_click=rss http://gazette.com/california-startup-unveils-gun-technology-for-cops/article/feed/171188?custom_click=rss

WATSONVILLE, Calif. (AP) — A Silicon Valley startup has developed technology to let dispatchers know when a police officer's weapon has been fired.

The new product by Yardarm Technologies would also track where the gun is located and in what direction it was fired.

The system will not include the controversial remote disabling mechanism, which gun rights advocates strongly oppose. Yardarm Marketing Vice President Jim Schaff says the company has abandoned that effort.

Santa Cruz County Sheriff Phil Wowak, whose agency is testing the new system, says it will allow the sheriff's office to see whether deputies are in trouble and unable to ask for assistance.

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]]> WATSONVILLE, Calif. (AP) — A Silicon Valley startup has developed technology to let dispatchers know when a police officer's weapon has been fired.

The new product by Yardarm Technologies would also track where the gun is located and in what direction it was fired.

The system will not include the controversial remote disabling mechanism, which gun rights advocates strongly oppose. Yardarm Marketing Vice President Jim Schaff says the company has abandoned that effort.

Santa Cruz County Sheriff Phil Wowak, whose agency is testing the new system, says it will allow the sheriff's office to see whether deputies are in trouble and unable to ask for assistance.]]> Fri, 24 Oct 2014 05:04:55 -0600 <![CDATA[Amazon's loss makes holidays a question mark]]> http://gazette.com/amazons-loss-makes-holidays-a-question-mark/article/feed/171143?custom_click=rss http://gazette.com/amazons-loss-makes-holidays-a-question-mark/article/feed/171143?custom_click=rss

NEW YORK (AP) — Amazon's trademark smile icon is becoming more of a grimace.

The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

Investors are increasingly irked by Amazon's strategy of investing heavily in new products and services to spur revenue growth while reporting quarter after quarter of losses or thin profit. The stock price tumbled 11 percent after the results came out Thursday. That's on top of the 22 percent decline the stock has already suffered this year.

Chief Financial Officer Thomas Szkutak said the company had to be "selective" in taking on new projects. For years, Amazon's strategy has been spending the money it ma

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]]> NEW YORK (AP) — Amazon's trademark smile icon is becoming more of a grimace.

The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

Investors are increasingly irked by Amazon's strategy of investing heavily in new products and services to spur revenue growth while reporting quarter after quarter of losses or thin profit. The stock price tumbled 11 percent after the results came out Thursday. That's on top of the 22 percent decline the stock has already suffered this year.

Chief Financial Officer Thomas Szkutak said the company had to be "selective" in taking on new projects. For years, Amazon's strategy has been spending the money it ma]]> Fri, 24 Oct 2014 01:18:00 -0600 <![CDATA[APNewsBreak: Icahn says Taj casino likely to close]]> http://gazette.com/apnewsbreak-icahn-says-taj-casino-likely-to-close/article/feed/171083?custom_click=rss http://gazette.com/apnewsbreak-icahn-says-taj-casino-likely-to-close/article/feed/171083?custom_click=rss

ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."

The would-be purchaser of the casino told The Associated Press on Thursday night that the casino's finances are dire.

Four of Atlantic City's 12 casinos have closed this year, and the Taj Mahal would be the fifth.

Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won't back out of a deal he made with owner Trump Entertainment Resorts to acquire the Taj Mahal and pump $100 million into it, he wishes he never answered the phone when the company first called him about it.

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]]> ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close."

The would-be purchaser of the casino told The Associated Press on Thursday night that the casino's finances are dire.

Four of Atlantic City's 12 casinos have closed this year, and the Taj Mahal would be the fifth.

Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won't back out of a deal he made with owner Trump Entertainment Resorts to acquire the Taj Mahal and pump $100 million into it, he wishes he never answered the phone when the company first called him about it.]]> Thu, 23 Oct 2014 22:15:26 -0600 <![CDATA[Senators ask gov't for nationwide air bag recall]]> http://gazette.com/senators-ask-govt-for-nationwide-air-bag-recall/article/feed/170882?custom_click=rss http://gazette.com/senators-ask-govt-for-nationwide-air-bag-recall/article/feed/170882?custom_click=rss

DETROIT (AP) — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity.

Democratic Sens. Richard Blumenthal of Connecticut and Edward Markey of Massachusetts made the demand in a letter to Transportation Secretary Anthony Foxx, who oversees the National Highway Traffic Safety Administration.

Air bag inflators made by Takata can rupture, causing metal fragments to fly out in a crash. Safety advocates say the problem has caused four deaths and multiple injuries. So far automakers have recalled about 12 million vehicles worldwide due to the problem.


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DETROIT (AP) — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity.

Democratic Sens. Richard Blumenthal of Connecticut and Edward Markey of Massachusetts made the demand in a letter to Transportation Secretary Anthony Foxx, who oversees the National Highway Traffic Safety Administration.

Air bag inflators made by Takata can rupture, causing metal fragments to fly out in a crash. Safety advocates say the problem has caused four deaths and multiple injuries. So far automakers have recalled about 12 million vehicles worldwide due to the problem.

Thu, 23 Oct 2014 22:00:22 -0600
<![CDATA[Alcoa sells stake in South Carolina smelter]]> http://gazette.com/alcoa-sells-stake-in-south-carolina-smelter/article/feed/171051?custom_click=rss http://gazette.com/alcoa-sells-stake-in-south-carolina-smelter/article/feed/171051?custom_click=rss Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million.

New York-based Alcoa said in a statement that while Mt. Holly is a strong facility, it doesn't match its portfolio goals.

Chicago-based Century Aluminum said Thursday that buying Alcoa's 50.3 percent stake makes it the full owner of the smelter.

The Mt. Holly smelter is located in Goose Creek, South Carolina, and has capacity to produce 229,000 metric tons of aluminum annually.

The deal calls for a $67.5 million cash payment plus a potential "earnout," which is a payment if an acquired property reaches certain profit goals. It is expected to close in the fourth quarter of 2014.

Shares of Alcoa Inc. rose

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]]> Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million.

New York-based Alcoa said in a statement that while Mt. Holly is a strong facility, it doesn't match its portfolio goals.

Chicago-based Century Aluminum said Thursday that buying Alcoa's 50.3 percent stake makes it the full owner of the smelter.

The Mt. Holly smelter is located in Goose Creek, South Carolina, and has capacity to produce 229,000 metric tons of aluminum annually.

The deal calls for a $67.5 million cash payment plus a potential "earnout," which is a payment if an acquired property reaches certain profit goals. It is expected to close in the fourth quarter of 2014.

Shares of Alcoa Inc. rose]]> Thu, 23 Oct 2014 21:00:17 -0600 <![CDATA[Rajaratnam brother barred for 5 years in SEC deal]]> http://gazette.com/rajaratnam-brother-barred-for-5-years-in-sec-deal/article/feed/171077?custom_click=rss http://gazette.com/rajaratnam-brother-barred-for-5-years-in-sec-deal/article/feed/171077?custom_click=rss WASHINGTON (AP) — The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him.

The Securities and Exchange Commission announced the settlement Thursday with Rengan Rajaratnam. He was acquitted in July in a federal criminal trial of conspiring with his brother, one-time billionaire hedge fund boss Raj Rajaratnam, to cheat on Wall Street. The SEC filed related civil charges against Rengan Rajaratnam in March 2013.

Raj Rajaratnam is serving an 11-year sentence in one of the biggest insider trading cases mounted by federal prosecutors.

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]]> WASHINGTON (AP) — The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him.

The Securities and Exchange Commission announced the settlement Thursday with Rengan Rajaratnam. He was acquitted in July in a federal criminal trial of conspiring with his brother, one-time billionaire hedge fund boss Raj Rajaratnam, to cheat on Wall Street. The SEC filed related civil charges against Rengan Rajaratnam in March 2013.

Raj Rajaratnam is serving an 11-year sentence in one of the biggest insider trading cases mounted by federal prosecutors.]]> Thu, 23 Oct 2014 20:45:13 -0600 <![CDATA[Burrito chain urged to drop 'illegal' from name]]> Associated Press http://gazette.com/burrito-chain-urged-to-drop-illegal-from-name/article/1540042?custom_click=rss http://gazette.com/burrito-chain-urged-to-drop-illegal-from-name/article/1540042?custom_click=rss

FORT COLLINS — Some people are urging the Colorado burrito chain Illegal Pete's to change its name because of the way the word "illegal" has been used to describe immigrants.

The Coloradan (http://noconow.co/1wpoTne ) reports that about 30 people gathered in Fort Collins Wednesday to ask owner Pete Turner to change the name of the chain, which is about to open an outlet there.

It's part of a bigger campaign nationally against what critics refer to as the "I-word." They think using the word to describe a person is dehumanizing.

Turner says the name is a reference to novel he read in college and refers only to him.



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FORT COLLINS — Some people are urging the Colorado burrito chain Illegal Pete's to change its name because of the way the word "illegal" has been used to describe immigrants.

The Coloradan (http://noconow.co/1wpoTne ) reports that about 30 people gathered in Fort Collins Wednesday to ask owner Pete Turner to change the name of the chain, which is about to open an outlet there.

It's part of a bigger campaign nationally against what critics refer to as the "I-word." They think using the word to describe a person is dehumanizing.

Turner says the name is a reference to novel he read in college and refers only to him.

]]>
Thu, 23 Oct 2014 20:09:58 -0600
<![CDATA[US average rate on 30-year home loan 3.92 percent]]> http://gazette.com/us-average-rate-on-30-year-home-loan-3.92-percent/article/feed/171117?custom_click=rss http://gazette.com/us-average-rate-on-30-year-home-loan-3.92-percent/article/feed/171117?custom_click=rss Average U.S. mortgage rates fell this week, with the 30-year loan at its lowest level since June 2013.

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]]>
Average U.S. mortgage rates fell this week, with the 30-year loan at its lowest level since June 2013.]]> Thu, 23 Oct 2014 19:45:29 -0600
<![CDATA[Hundreds of pot shop ATMs shut down]]> By David Migoya The Denver Post - http://gazette.com/hundreds-of-pot-shop-atms-shut-down/article/1540084?custom_click=rss http://gazette.com/hundreds-of-pot-shop-atms-shut-down/article/1540084?custom_click=rss

Hundreds of ATMs in medical marijuana dispensaries - the lifeblood of businesses otherwise forced to work in cash - were shut down Wednesday, just days after similar machines were unplugged from recreational shops.

The machines in Colorado and Washington were connected to a network served by MetaBank in South Dakota, which in January warned ATM providers by email that machines in marijuana shops violated federal banking rules.

But the machines, cashless and the traditional cash-dispensing variety, continued to work until this week, according to owners of cannabis shops affected by the shutdown.

A spokesman for MetaBank and its parent company, Meta Financial Group, did not respond to requests for comment Thursday.

Read more on Colorado Springs Gazette


]]> Hundreds of ATMs in medical marijuana dispensaries - the lifeblood of businesses otherwise forced to work in cash - were shut down Wednesday, just days after similar machines were unplugged from recreational shops.

The machines in Colorado and Washington were connected to a network served by MetaBank in South Dakota, which in January warned ATM providers by email that machines in marijuana shops violated federal banking rules.

But the machines, cashless and the traditional cash-dispensing variety, continued to work until this week, according to owners of cannabis shops affected by the shutdown.

A spokesman for MetaBank and its parent company, Meta Financial Group, did not respond to requests for comment Thursday.]]> Thu, 23 Oct 2014 19:43:33 -0600 <![CDATA[A blue Christmas for Amazon?]]> http://gazette.com/a-blue-christmas-for-amazon/article/feed/171040?custom_click=rss http://gazette.com/a-blue-christmas-for-amazon/article/feed/171040?custom_click=rss NEW YORK (AP) — It might be a blue Christmas for Amazon.

The world's largest online retailer gave a disappointing forecast for the crucial holiday season. The company also reported a wider loss than analysts expected for the third quarter.

Amazon has been investing heavily in an array of new products as it works on trying to grow its Amazon Prime membership base. The new products include its Fire smartphone, music and video streaming services and new versions of its Kindle tablet.

Investors have been patient with thin profits, but that patience might not last: Amazon's shares are down 22 percent this year. They fell another 11 percent on Thursday, as the company said it expects holiday revenue of $27.3 billion and $30

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]]> NEW YORK (AP) — It might be a blue Christmas for Amazon.

The world's largest online retailer gave a disappointing forecast for the crucial holiday season. The company also reported a wider loss than analysts expected for the third quarter.

Amazon has been investing heavily in an array of new products as it works on trying to grow its Amazon Prime membership base. The new products include its Fire smartphone, music and video streaming services and new versions of its Kindle tablet.

Investors have been patient with thin profits, but that patience might not last: Amazon's shares are down 22 percent this year. They fell another 11 percent on Thursday, as the company said it expects holiday revenue of $27.3 billion and $30]]> Thu, 23 Oct 2014 19:30:28 -0600 <![CDATA[Cloud business lifts Microsoft's quarterly results]]> http://gazette.com/cloud-business-lifts-microsofts-quarterly-results/article/feed/171038?custom_click=rss http://gazette.com/cloud-business-lifts-microsofts-quarterly-results/article/feed/171038?custom_click=rss

SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

Revenue from cloud services, including software delivered over the Internet, more than doubled last quarter at a time when some of Microsoft's better-known segments are slowing. Shares jumped over 3 percent in after-hours trading. The stock, which closed at $45.02 before the results were released, is up 33 percent in the last 12 months.

Microsoft still makes most of its money from selling traditional software for businesses and home computers.

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]]> SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

Revenue from cloud services, including software delivered over the Internet, more than doubled last quarter at a time when some of Microsoft's better-known segments are slowing. Shares jumped over 3 percent in after-hours trading. The stock, which closed at $45.02 before the results were released, is up 33 percent in the last 12 months.

Microsoft still makes most of its money from selling traditional software for businesses and home computers.]]> Thu, 23 Oct 2014 19:30:26 -0600 <![CDATA[Sears refutes store-closing report]]> http://gazette.com/sears-refutes-store-closing-report/article/feed/171099?custom_click=rss http://gazette.com/sears-refutes-store-closing-report/article/feed/171099?custom_click=rss NEW YORK (AP) — Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers.

Seeking Alpha, a crowd-sourced financial news and market tracker, reported that Pennsylvania, Michigan and Indiana will see the most closings. Broken down, closures include 55 Kmart stores, 30 Sears stores and 31 Sears Auto Center locations, according Seeking Alpha, citing liquidation sale notices. Many of the closings are expected to happen before Christmas.

Shares rose on the report.

In an email sent to The Associated Press, Howard Riefs, a Sears spokesman, said that the store count and list of closures was inaccurate but declined to offer

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]]> NEW YORK (AP) — Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers.

Seeking Alpha, a crowd-sourced financial news and market tracker, reported that Pennsylvania, Michigan and Indiana will see the most closings. Broken down, closures include 55 Kmart stores, 30 Sears stores and 31 Sears Auto Center locations, according Seeking Alpha, citing liquidation sale notices. Many of the closings are expected to happen before Christmas.

Shares rose on the report.

In an email sent to The Associated Press, Howard Riefs, a Sears spokesman, said that the store count and list of closures was inaccurate but declined to offer]]> Thu, 23 Oct 2014 18:45:30 -0600 <![CDATA[Spectranetics sets record for revenue, but still has third-quarter loss]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/spectranetics-sets-record-for-revenue-but-still-has-third-quarter-loss/article/1540078?custom_click=rss http://gazette.com/spectranetics-sets-record-for-revenue-but-still-has-third-quarter-loss/article/1540078?custom_click=rss The biggest acquisition in Spectranetics Corp.'s history brought record revenue and a big loss in the third quarter, the company reported Thursday. But both results beat forecasts by the Colorado Springs-based medical laser manufacturer and Wall Street analysts who follow its stock.

The company's revenue in the July-to-October period surged 47.8 percent from the same period a year earlier to $58.8 million - a high for the 30-year-old company.

But the company lost 
$13.9 million, or 33 cents a share, compared with a profit of $434,000, or 1 cent a share, in the third quarter of 2013. All but $1.9 million of the loss was related to Spectranetics' $230 million acquisition of a California company, AngioScore Inc., in June. An

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]]> The biggest acquisition in Spectranetics Corp.'s history brought record revenue and a big loss in the third quarter, the company reported Thursday. But both results beat forecasts by the Colorado Springs-based medical laser manufacturer and Wall Street analysts who follow its stock.

The company's revenue in the July-to-October period surged 47.8 percent from the same period a year earlier to $58.8 million - a high for the 30-year-old company.

But the company lost 
$13.9 million, or 33 cents a share, compared with a profit of $434,000, or 1 cent a share, in the third quarter of 2013. All but $1.9 million of the loss was related to Spectranetics' $230 million acquisition of a California company, AngioScore Inc., in June. An]]> Thu, 23 Oct 2014 18:20:01 -0600 <![CDATA[Glass maker deals to exit Apple, Arizona plant]]> http://gazette.com/glass-maker-deals-to-exit-apple-arizona-plant/article/feed/171066?custom_click=rss http://gazette.com/glass-maker-deals-to-exit-apple-arizona-plant/article/feed/171066?custom_click=rss PHOENIX (AP) — Nearly 2,000 furnaces installed in an Arizona factory to make synthetic sapphire glass for Apple Inc. will be removed and sold under a deal between the tech giant and the company that had been gearing up to produce huge amounts of the product for use in Apple's products.

Documents released by Merrimack, New Hampshire-based GT Advanced Technologies on Thursday show the company will exit the glass-making business and try to sell the furnaces. GT filed for Chapter 11 bankruptcy reorganization on Oct. 6 and says it will use the proceeds to repay $439 million Apple advanced GT to outfit the Mesa, Arizona, plant. The agreement requires approval from a bankruptcy court judge.

Cupertino, California-based Apple retain

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]]> PHOENIX (AP) — Nearly 2,000 furnaces installed in an Arizona factory to make synthetic sapphire glass for Apple Inc. will be removed and sold under a deal between the tech giant and the company that had been gearing up to produce huge amounts of the product for use in Apple's products.

Documents released by Merrimack, New Hampshire-based GT Advanced Technologies on Thursday show the company will exit the glass-making business and try to sell the furnaces. GT filed for Chapter 11 bankruptcy reorganization on Oct. 6 and says it will use the proceeds to repay $439 million Apple advanced GT to outfit the Mesa, Arizona, plant. The agreement requires approval from a bankruptcy court judge.

Cupertino, California-based Apple retain]]> Thu, 23 Oct 2014 18:15:24 -0600 <![CDATA[Business Highlights]]> http://gazette.com/business-highlights/article/feed/234?custom_click=rss http://gazette.com/business-highlights/article/feed/234?custom_click=rss ___

Fuel costs ease, US airline profits soar

DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too.

Heading into the busy holiday-travel period, the airlines expect even cheaper fuel, thanks to the nosedive in crude oil prices. The price of jet fuel, an airline's biggest single expense, has dropped by about one-fifth since mid-June.

Airlines are also benefiting from continued strong travel demand that allows them to push fares higher. Executives report strong bookings for holiday travel and say that Ebola headlines don't seem to be scaring away travelers.

The four largest U.S. airlines sold at least 83 percent of their seats in the third q

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]]> ___

Fuel costs ease, US airline profits soar

DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too.

Heading into the busy holiday-travel period, the airlines expect even cheaper fuel, thanks to the nosedive in crude oil prices. The price of jet fuel, an airline's biggest single expense, has dropped by about one-fifth since mid-June.

Airlines are also benefiting from continued strong travel demand that allows them to push fares higher. Executives report strong bookings for holiday travel and say that Ebola headlines don't seem to be scaring away travelers.

The four largest U.S. airlines sold at least 83 percent of their seats in the third q]]> Thu, 23 Oct 2014 18:00:24 -0600 <![CDATA[What to expect from your bond mutual fund]]> http://gazette.com/what-to-expect-from-your-bond-mutual-fund/article/feed/171010?custom_click=rss http://gazette.com/what-to-expect-from-your-bond-mutual-fund/article/feed/171010?custom_click=rss NEW YORK (AP) — Oh, right. Stability. That's what bond mutual funds are for.

When stock markets tumbled around the world last week, bond funds remained solid once again. They continued to inch ahead, while stock indexes swung up and down by more than 1 percent for five straight days. So many investors poured money into bonds in search of safety that the yield on the 10-year Treasury note temporarily dropped below 2 percent for the first time in more than a year. Yields for bonds drop when demand increases and their prices rise.

It's a reminder of the value of bonds in a diversified portfolio. But it's also important for anyone moving into bonds to keep expectations in check following their decades-long run of strong returns

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]]> NEW YORK (AP) — Oh, right. Stability. That's what bond mutual funds are for.

When stock markets tumbled around the world last week, bond funds remained solid once again. They continued to inch ahead, while stock indexes swung up and down by more than 1 percent for five straight days. So many investors poured money into bonds in search of safety that the yield on the 10-year Treasury note temporarily dropped below 2 percent for the first time in more than a year. Yields for bonds drop when demand increases and their prices rise.

It's a reminder of the value of bonds in a diversified portfolio. But it's also important for anyone moving into bonds to keep expectations in check following their decades-long run of strong returns]]> Thu, 23 Oct 2014 18:00:22 -0600 <![CDATA[DaVita's $389 million settlement not an issue in sale of Colorado Springs medical practice]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/davitas-389-million-settlement-not-an-issue-in-sale-of-colorado-springs-medical-practice/article/1540072?custom_click=rss http://gazette.com/davitas-389-million-settlement-not-an-issue-in-sale-of-colorado-springs-medical-practice/article/1540072?custom_click=rss

A $389 million settlement DaVita Healthcare Partners Inc. finalized late Wednesday with federal prosecutors and regulators won't derail the Denver-based company's purchase of Colorado Springs Health Partners, officials said Thursday.

In fact, the 76 doctors who own and unanimously agreed to sell the practice to DaVita "were well aware this was happening," said Lynne Jones, director of business development and marketing for CSHP.

"We explored that as part of our due diligence process, and any concerns were addressed as part of that," Jones said. "Obviously, nothing that we found put us in the position where we would have considered changing the deal or not moving forward. They are a big company that is under a lot of scrutiny.

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]]> A $389 million settlement DaVita Healthcare Partners Inc. finalized late Wednesday with federal prosecutors and regulators won't derail the Denver-based company's purchase of Colorado Springs Health Partners, officials said Thursday.

In fact, the 76 doctors who own and unanimously agreed to sell the practice to DaVita "were well aware this was happening," said Lynne Jones, director of business development and marketing for CSHP.

"We explored that as part of our due diligence process, and any concerns were addressed as part of that," Jones said. "Obviously, nothing that we found put us in the position where we would have considered changing the deal or not moving forward. They are a big company that is under a lot of scrutiny.]]> Thu, 23 Oct 2014 17:58:21 -0600 <![CDATA[Grab your wallets; Colorado Springs apartment rents hit another record high]]> By rich laden rich.laden@gazette.com - http://gazette.com/grab-your-wallets-colorado-springs-apartment-rents-hit-another-record-high/article/1540075?custom_click=rss http://gazette.com/grab-your-wallets-colorado-springs-apartment-rents-hit-another-record-high/article/1540075?custom_click=rss

Whether it's a luxury three-bedroom unit, an aging efficiency or just any old room with a view, apartment rents are soaring in Colorado Springs - hitting another record high during the second quarter, a new report shows.

Lifestyle changes among younger and older residents have helped fuel a demand for multifamily living, while not enough new apartments are being added to the area's supply to keep pace, experts say. The result: higher rents.

Average rents spiked upward to $861.04 a month in the second quarter, a bump of 4.7 percent - or nearly $39 - from the first quarter and up about $200 a month from a decade ago, according to a survey of area apartment complexes prepared for the Colorado Division of Housing and the

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]]> Whether it's a luxury three-bedroom unit, an aging efficiency or just any old room with a view, apartment rents are soaring in Colorado Springs - hitting another record high during the second quarter, a new report shows.

Lifestyle changes among younger and older residents have helped fuel a demand for multifamily living, while not enough new apartments are being added to the area's supply to keep pace, experts say. The result: higher rents.

Average rents spiked upward to $861.04 a month in the second quarter, a bump of 4.7 percent - or nearly $39 - from the first quarter and up about $200 a month from a decade ago, according to a survey of area apartment complexes prepared for the Colorado Division of Housing and the]]> Thu, 23 Oct 2014 17:55:01 -0600 <![CDATA[Juniper beats Street 3Q forecasts]]> http://gazette.com/juniper-beats-street-3q-forecasts/article/feed/171065?custom_click=rss http://gazette.com/juniper-beats-street-3q-forecasts/article/feed/171065?custom_click=rss SUNNYVALE, Calif. (AP) — Juniper Networks Inc. on Thursday reported a better-than-expected third quarter and announced plans to increase its share repurchases. But a weak fourth-quarter outlook sent the computer network equipment maker's shares down in extended trading.

The Sunnyvale, California-based company reported a third-quarter profit of $103.6 million, or 23 cents per share. On an adjusted basis, it earned 36 cents per share. Analysts surveyed by Zacks Investment Research were anticipating earnings of 35 cents per share.

Juniper posted revenue of $1.13 billion in the period, exceeding analyst forecasts of $1.12 billion.

The company also said that its board has increased its share repurchase authorization by $1.

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]]> SUNNYVALE, Calif. (AP) — Juniper Networks Inc. on Thursday reported a better-than-expected third quarter and announced plans to increase its share repurchases. But a weak fourth-quarter outlook sent the computer network equipment maker's shares down in extended trading.

The Sunnyvale, California-based company reported a third-quarter profit of $103.6 million, or 23 cents per share. On an adjusted basis, it earned 36 cents per share. Analysts surveyed by Zacks Investment Research were anticipating earnings of 35 cents per share.

Juniper posted revenue of $1.13 billion in the period, exceeding analyst forecasts of $1.12 billion.

The company also said that its board has increased its share repurchase authorization by $1.]]> Thu, 23 Oct 2014 17:45:27 -0600 <![CDATA[Enticing low rates, but impact could be limited]]> http://gazette.com/enticing-low-rates-but-impact-could-be-limited/article/feed/170874?custom_click=rss http://gazette.com/enticing-low-rates-but-impact-could-be-limited/article/feed/170874?custom_click=rss WASHINGTON (AP) — With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.

Yet there are limits to how far the wave can extend. Millions of homeowners already re-financed in 2013, when the average 30-year mortgage rate stayed below 4 percent until mid-year. And the overall housing market remains hampered by tight mortgage credit, rising home prices and stagnating incomes.

This week the average rate on the 30-year loan fell to 3.92 percent, mortgage company Freddie Mac reported Thursday. The average for a 15-year mortgage, a popular choice for peopl

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]]> WASHINGTON (AP) — With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.

Yet there are limits to how far the wave can extend. Millions of homeowners already re-financed in 2013, when the average 30-year mortgage rate stayed below 4 percent until mid-year. And the overall housing market remains hampered by tight mortgage credit, rising home prices and stagnating incomes.

This week the average rate on the 30-year loan fell to 3.92 percent, mortgage company Freddie Mac reported Thursday. The average for a 15-year mortgage, a popular choice for peopl]]> Thu, 23 Oct 2014 17:30:20 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1540066?custom_click=rss http://gazette.com/movers-shakers/article/1540066?custom_click=rss

Angela Smith has affiliated as a sales associate with Coldwell Banker Residential Brokerage's Colorado Springs office. Smith, who will specialize in residential sales in El Paso and Teller counties, has 10 years of experience in the financial services industry.

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See Sunday's Business section for more Movers & Shakers. To submit an item, go to the press release form at gazette.com/business.

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]]> Angela Smith has affiliated as a sales associate with Coldwell Banker Residential Brokerage's Colorado Springs office. Smith, who will specialize in residential sales in El Paso and Teller counties, has 10 years of experience in the financial services industry.

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.]]> Thu, 23 Oct 2014 15:15:02 -0600 <![CDATA[On-line report says more than 100 Sears and Kmarts closing nationwide; none in Colorado]]> Rich Laden http://gazette.com/on-line-report-says-more-than-100-sears-and-kmarts-closing-nationwide-none-in-colorado/article/1540058?custom_click=rss http://gazette.com/on-line-report-says-more-than-100-sears-and-kmarts-closing-nationwide-none-in-colorado/article/1540058?custom_click=rss Seeking Alpha, an on-line information provider that covers the financial markets, reported Thursday that Sears Holdings Corp., the umbrella company for Sears and Kmart, is closing more than 100 Kmart, Sears and Sears Auto centers nationwide and cutting nearly 5,500 jobs. Most of the stores would close by late 2014 or early 2015. No Colorado stores are on the list, however. Colorado Springs has two Sears department stores and one Kmart; a former Kmart at Powers and Palmer Park boulevards closed earlier this year.



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Seeking Alpha, an on-line information provider that covers the financial markets, reported Thursday that Sears Holdings Corp., the umbrella company for Sears and Kmart, is closing more than 100 Kmart, Sears and Sears Auto centers nationwide and cutting nearly 5,500 jobs. Most of the stores would close by late 2014 or early 2015. No Colorado stores are on the list, however. Colorado Springs has two Sears department stores and one Kmart; a former Kmart at Powers and Palmer Park boulevards closed earlier this year.

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Thu, 23 Oct 2014 12:01:28 -0600
<![CDATA[No workplace injuries mean another award for MechOne Inc.]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/no-workplace-injuries-mean-another-award-for-mechone-inc./article/1540007?custom_click=rss http://gazette.com/no-workplace-injuries-mean-another-award-for-mechone-inc./article/1540007?custom_click=rss

For a company whose employees make and install sheet metal in commercial air conditioning and heating systems, you'd expect at least one on-the-job injury a year.

But MechOne Inc. of Colorado Springs has never had an injury that caused an employee to miss work in its 14-year history. It's a feat that resulted in MechOne receiving its seventh consecutive Circle of Safety Award from Pinnacol Assurance, which started as a state agency to provide workers compensation insurance and is now operated as quasi-public authority.

Only 42 other Colorado employers among Pinnacol's nearly 56,000 policyholders received the award, including three more from Colorado Springs: Copestone General Contractors, CVK Electric and Pikes Peak Steel.

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]]> For a company whose employees make and install sheet metal in commercial air conditioning and heating systems, you'd expect at least one on-the-job injury a year.

But MechOne Inc. of Colorado Springs has never had an injury that caused an employee to miss work in its 14-year history. It's a feat that resulted in MechOne receiving its seventh consecutive Circle of Safety Award from Pinnacol Assurance, which started as a state agency to provide workers compensation insurance and is now operated as quasi-public authority.

Only 42 other Colorado employers among Pinnacol's nearly 56,000 policyholders received the award, including three more from Colorado Springs: Copestone General Contractors, CVK Electric and Pikes Peak Steel.]]> Thu, 23 Oct 2014 10:40:02 -0600 <![CDATA[Colorado Springs Health Partners gets new owner: How are patients affected?]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/colorado-springs-health-partners-gets-new-owner-how-are-patients-affected/article/1539972?custom_click=rss http://gazette.com/colorado-springs-health-partners-gets-new-owner-how-are-patients-affected/article/1539972?custom_click=rss

Denver-based kidney care giant DaVita HealthCare Partners Inc. announced Wednesday it has acquired Colorado Springs Health Partners, the largest health care practice in Colorado Springs - a deal that could change the face of local health care.

Terms of the deal, which is expected to be completed by year's end, were not disclosed. Colorado Springs Health Partners is owned by 76 of its 114 doctors, and all 76 approved the deal, said Deborah Chandler, CEO of the 68-year-old practice.

The acquisition isn't expected to mean many changes for CSHP's 110,000 patients, since DaVita will keep the practice's management team and retain its more than 600 employees. But both CSHP and DaVita believe it will result in improved patient



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Denver-based kidney care giant DaVita HealthCare Partners Inc. announced Wednesday it has acquired Colorado Springs Health Partners, the largest health care practice in Colorado Springs - a deal that could change the face of local health care.

Terms of the deal, which is expected to be completed by year's end, were not disclosed. Colorado Springs Health Partners is owned by 76 of its 114 doctors, and all 76 approved the deal, said Deborah Chandler, CEO of the 68-year-old practice.

The acquisition isn't expected to mean many changes for CSHP's 110,000 patients, since DaVita will keep the practice's management team and retain its more than 600 employees. But both CSHP and DaVita believe it will result in improved patient

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Thu, 23 Oct 2014 05:20:37 -0600
<![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1540006?custom_click=rss http://gazette.com/movers-shakers/article/1540006?custom_click=rss

Rob Potter of Colorado Springs has been named managing partner of ABC Supply Co., a Beloit, Wis.-based wholesale distributor of roofing and other building products. Potter has managed the company's branch in Aurora since 2011, and will continue to do so while taking on additional responsibilities.

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See Sunday's Business section for more Movers & Shakers. To submit an item, go to the press release form at gazette.com/business.

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]]> Rob Potter of Colorado Springs has been named managing partner of ABC Supply Co., a Beloit, Wis.-based wholesale distributor of roofing and other building products. Potter has managed the company's branch in Aurora since 2011, and will continue to do so while taking on additional responsibilities.

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, 22 Oct 2014 16:40:01 -0600 <![CDATA[Colorado Springs real estate agent named Colorado Realtor of the Year]]> Rich Laden http://gazette.com/colorado-springs-real-estate-agent-named-colorado-realtor-of-the-year/article/1540011?custom_click=rss http://gazette.com/colorado-springs-real-estate-agent-named-colorado-realtor-of-the-year/article/1540011?custom_click=rss Randy Reynolds, a broker associate with Berkshire Hathaway Home Services Rocky Mountain in Colorado Springs and a veteran Springs real estate agent, was named Colorado Realtor of the Year by the Colorado Association of Realtors at the organization’s 94th annual convention Oct. 19-21 in Denver. According to the association, the award is the most prestigious honor for a member of the organization and reflects “a culmination of a distinguished career within the Realtor organization – at the local, state and national levels.” In addition, the award reflects a person who’s active in the community and successful in business.



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Randy Reynolds, a broker associate with Berkshire Hathaway Home Services Rocky Mountain in Colorado Springs and a veteran Springs real estate agent, was named Colorado Realtor of the Year by the Colorado Association of Realtors at the organization’s 94th annual convention Oct. 19-21 in Denver. According to the association, the award is the most prestigious honor for a member of the organization and reflects “a culmination of a distinguished career within the Realtor organization – at the local, state and national levels.” In addition, the award reflects a person who’s active in the community and successful in business.

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Wed, 22 Oct 2014 16:32:54 -0600
<![CDATA[Frontier offers one-way flights from Denver for as low as $39]]> The Gazette http://gazette.com/frontier-offers-one-way-flights-from-denver-for-as-low-as-39/article/1539925?custom_click=rss http://gazette.com/frontier-offers-one-way-flights-from-denver-for-as-low-as-39/article/1539925?custom_click=rss

Are you looking for a cheap flight before Thanksgiving? If you book by Thursday, Frontier Airlines might be for you.

The airline is offering one-way flights as low as $39 for some flights if you buy your ticket by Thursday and fly out of Denver.

Destinations for the one-way flight include Phoenix, Oklahoma City, Bismarck, N.D. and Omaha, Neb. For a little more cash you can add Kansas City, Las Vegas and Los Angeles to the list.

Return flights cost more, but most roundtrip flights listed are less than $200.

To see the flights, click here.



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]]>
Are you looking for a cheap flight before Thanksgiving? If you book by Thursday, Frontier Airlines might be for you.

The airline is offering one-way flights as low as $39 for some flights if you buy your ticket by Thursday and fly out of Denver.

Destinations for the one-way flight include Phoenix, Oklahoma City, Bismarck, N.D. and Omaha, Neb. For a little more cash you can add Kansas City, Las Vegas and Los Angeles to the list.

Return flights cost more, but most roundtrip flights listed are less than $200.

To see the flights, click here.

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Wed, 22 Oct 2014 10:32:44 -0600
<![CDATA[One Colorado city: No thanks to 5-cent bag fee]]> Associated Press http://gazette.com/one-colorado-city-no-thanks-to-5-cent-bag-fee/article/1539983?custom_click=rss http://gazette.com/one-colorado-city-no-thanks-to-5-cent-bag-fee/article/1539983?custom_click=rss FORT COLLINS — Fort Collins is bagging plans to charge shoppers for using disposable bags.

In the face of a grassroots opposition effort, city councilors voted Tuesday to repeal the 5 cent fee set to take effect in April.

The Coloradoan (http://noconow.co/1rqhEr5 ) reports that a citizens group opposed to the fee had collected about 2,600 signatures on a petition — enough for the bag fee to be put to voters to decide its fate.

Councilman Gino Campana says the success of the petition was enough to convince him to repeal the law.

___

Information from: Fort Collins Coloradoan, http://www.coloradoan.



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FORT COLLINS — Fort Collins is bagging plans to charge shoppers for using disposable bags.

In the face of a grassroots opposition effort, city councilors voted Tuesday to repeal the 5 cent fee set to take effect in April.

The Coloradoan (http://noconow.co/1rqhEr5 ) reports that a citizens group opposed to the fee had collected about 2,600 signatures on a petition — enough for the bag fee to be put to voters to decide its fate.

Councilman Gino Campana says the success of the petition was enough to convince him to repeal the law.

___

Information from: Fort Collins Coloradoan, http://www.coloradoan.

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Wed, 22 Oct 2014 10:26:55 -0600
<![CDATA[Wait to act on vehicle recall, auto dealers advise]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/wait-to-act-on-vehicle-recall-auto-dealers-advise/article/1539943?custom_click=rss http://gazette.com/wait-to-act-on-vehicle-recall-auto-dealers-advise/article/1539943?custom_click=rss

The National Highway Traffic Safety Administration may have issued a warning Monday for people to act "immediately" on a massive recall of vehicles with potentially defective airbags, but auto dealers are saying "not so fast."

Most dealers are still in the dark about how to proceed, and on Tuesday they were advising drivers to wait to hear from them or their vehicle's manufacturer before they call service departments or head off to a repair center.

"This is so new, most dealers haven't heard much about it. They will probably know more in the next 24 to 48 hours," Colorado Automobile Dealers Association President Tim Jackson said Tuesday.

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]]> The National Highway Traffic Safety Administration may have issued a warning Monday for people to act "immediately" on a massive recall of vehicles with potentially defective airbags, but auto dealers are saying "not so fast."

Most dealers are still in the dark about how to proceed, and on Tuesday they were advising drivers to wait to hear from them or their vehicle's manufacturer before they call service departments or head off to a repair center.

"This is so new, most dealers haven't heard much about it. They will probably know more in the next 24 to 48 hours," Colorado Automobile Dealers Association President Tim Jackson said Tuesday.]]> Tue, 21 Oct 2014 18:08:00 -0600 <![CDATA[Q&A with Dr. Ken Gibson, CEO of Learning Rx]]> By charise simpson Special to The Gazette - http://gazette.com/qa-with-dr.-ken-gibson-ceo-of-learning-rx/article/1539936?custom_click=rss http://gazette.com/qa-with-dr.-ken-gibson-ceo-of-learning-rx/article/1539936?custom_click=rss

Dr. Ken Gibson lays claim to being the nation's first pediatric optometrist, a job he undertook in the late 1960s as he launched his career in Appleton, Wis. In addition to prescribing and fitting lenses for his young patients, he focused on their unique needs and became interest in finding ways he could help them learn.

He became involved with developmental vision and vision therapy and built preschools, day care centers and elementary school where his methods were employed. He also trained 300 other optometrists to use his methods, many of whom still use those methods.

He eventually moved outside his field to pursue a career in brain training, a field he ultimately pioneered.

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]]> Dr. Ken Gibson lays claim to being the nation's first pediatric optometrist, a job he undertook in the late 1960s as he launched his career in Appleton, Wis. In addition to prescribing and fitting lenses for his young patients, he focused on their unique needs and became interest in finding ways he could help them learn.

He became involved with developmental vision and vision therapy and built preschools, day care centers and elementary school where his methods were employed. He also trained 300 other optometrists to use his methods, many of whom still use those methods.

He eventually moved outside his field to pursue a career in brain training, a field he ultimately pioneered.]]> Tue, 21 Oct 2014 17:00:02 -0600