<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Wed, 20 Aug 2014 22:22:20 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[China manufacturing drags on Asian stock markets]]> http://gazette.com/china-manufacturing-drags-on-asian-stock-markets/article/feed/148747?custom_click=rss http://gazette.com/china-manufacturing-drags-on-asian-stock-markets/article/feed/148747?custom_click=rss

SEOUL, South Korea (AP) — Asian stock markets were dampened by a weak China manufacturing survey Thursday, but Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first rate hike since the 2008 financial crisis.

KEEPING SCORE: Japan's Nikkei 225 rose 0.8 percent to 15,575.82 and Australia's S&P/ASX 200 added 0.2 percent to 5,645.70. South Korea's Kospi sank 1.2 percent to 2,047.77 and Hong Kong's Hang Seng fell 0.9 percent to 24,948.59. China's Shanghai Composite was down 0.7 percent to 2,225.44.

CHINA CHILL: Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may

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]]> SEOUL, South Korea (AP) — Asian stock markets were dampened by a weak China manufacturing survey Thursday, but Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first rate hike since the 2008 financial crisis.

KEEPING SCORE: Japan's Nikkei 225 rose 0.8 percent to 15,575.82 and Australia's S&P/ASX 200 added 0.2 percent to 5,645.70. South Korea's Kospi sank 1.2 percent to 2,047.77 and Hong Kong's Hang Seng fell 0.9 percent to 24,948.59. China's Shanghai Composite was down 0.7 percent to 2,225.44.

CHINA CHILL: Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may ]]> Wed, 20 Aug 2014 23:17:01 -0600 <![CDATA[NC legislators approve regulating toxic coal ash]]> http://gazette.com/nc-legislators-approve-regulating-toxic-coal-ash/article/feed/149043?custom_click=rss http://gazette.com/nc-legislators-approve-regulating-toxic-coal-ash/article/feed/149043?custom_click=rss RALEIGH, N.C. (AP) — North Carolina lawmakers have approved legislation they say makes the state the nation's first to address decades of toxic water pollution from residue left behind by coal-burning electricity plants.

The General Assembly on Wednesday approved legislation addressing the problem unmasked six months ago when a coal ash spill from a Duke Energy plant coated 70 miles of the Dan River in gray sludge. The measure goes to Gov. Pat McCrory before becoming law.

Environmentalists say the legislation improved on earlier efforts, but didn't go far enough.

Lawmakers say the measure would reverse a Superior Court judge's ruling that Duke must take "immediate action" to eliminate groundwater contamination that cr

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]]> RALEIGH, N.C. (AP) — North Carolina lawmakers have approved legislation they say makes the state the nation's first to address decades of toxic water pollution from residue left behind by coal-burning electricity plants.

The General Assembly on Wednesday approved legislation addressing the problem unmasked six months ago when a coal ash spill from a Duke Energy plant coated 70 miles of the Dan River in gray sludge. The measure goes to Gov. Pat McCrory before becoming law.

Environmentalists say the legislation improved on earlier efforts, but didn't go far enough.

Lawmakers say the measure would reverse a Superior Court judge's ruling that Duke must take "immediate action" to eliminate groundwater contamination that cr]]> Wed, 20 Aug 2014 20:45:31 -0600 <![CDATA[SEC alleges Colorado Springs woman defrauded investors of $800k]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/sec-alleges-colorado-springs-woman-defrauded-investors-of-800k/article/1535904?custom_click=rss http://gazette.com/sec-alleges-colorado-springs-woman-defrauded-investors-of-800k/article/1535904?custom_click=rss

A Colorado Springs woman and two companies she started have been sued by the U.S. Securities and Exchange Commission for allegedly defrauding more than 40 investors of nearly $800,000.

The suit, filed last week in a federal court in Atlanta, alleges that Heidi Ann Gamer, 41; Gamer Economic Systems LLC of Colorado Springs and Gamer Media Partners Corp. of Atlanta told investors from California, Colorado, Connecticut, Kansas, Massachusetts, New Jersey, Virginia and Washington that the two companies would use their money to license, develop and market smartphone applications and other interactive technology for political and entertainment uses.



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A Colorado Springs woman and two companies she started have been sued by the U.S. Securities and Exchange Commission for allegedly defrauding more than 40 investors of nearly $800,000.

The suit, filed last week in a federal court in Atlanta, alleges that Heidi Ann Gamer, 41; Gamer Economic Systems LLC of Colorado Springs and Gamer Media Partners Corp. of Atlanta told investors from California, Colorado, Connecticut, Kansas, Massachusetts, New Jersey, Virginia and Washington that the two companies would use their money to license, develop and market smartphone applications and other interactive technology for political and entertainment uses.

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Wed, 20 Aug 2014 20:11:13 -0600
<![CDATA[Air Force Academy, Colorado Springs nonprofit rev up technology transfer partnership]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/air-force-academy-colorado-springs-nonprofit-rev-up-technology-transfer-partnership/article/1535900?custom_click=rss http://gazette.com/air-force-academy-colorado-springs-nonprofit-rev-up-technology-transfer-partnership/article/1535900?custom_click=rss

The Colorado Springs Technology Incubator formally announced its partnership with the Air Force Academy Wednesday - a move to help the school turn research from its laboratories into marketable products through licensing, research and testing agreements with companies from Colorado Springs and elsewhere.

The partnership has been a dream of incubator Chairman Duncan Stewart for about six years, but gained momentum when Brig. Gen. Andrew Armacost took over as the academy's dean after serving as a management professor there for 14 years, said incubator CEO Ric Denton. Armacost's appointment brought a "sea change" in the academy's support for technology transfer, which is required of all federal laboratories under a 2011 memorandum



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The Colorado Springs Technology Incubator formally announced its partnership with the Air Force Academy Wednesday - a move to help the school turn research from its laboratories into marketable products through licensing, research and testing agreements with companies from Colorado Springs and elsewhere.

The partnership has been a dream of incubator Chairman Duncan Stewart for about six years, but gained momentum when Brig. Gen. Andrew Armacost took over as the academy's dean after serving as a management professor there for 14 years, said incubator CEO Ric Denton. Armacost's appointment brought a "sea change" in the academy's support for technology transfer, which is required of all federal laboratories under a 2011 memorandum

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Wed, 20 Aug 2014 19:49:21 -0600
<![CDATA[APNewsBreak: B ofA reaches $17B settlement with US]]> http://gazette.com/apnewsbreak-b-ofa-reaches-17b-settlement-with-us/article/feed/148890?custom_click=rss http://gazette.com/apnewsbreak-b-ofa-reaches-17b-settlement-with-us/article/feed/148890?custom_click=rss

WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

One of the officials, who spoke with The Associated Press on condition of anonymity because the announcement isn't scheduled until Thursday at the earliest, said the bank will pay $9.65 billion in cash and provide consumer relief valued at $7 billion.

The deal is the largest settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure. It follows agreements in the last year with Citigroup for $7 billion and with JPM

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]]> WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

One of the officials, who spoke with The Associated Press on condition of anonymity because the announcement isn't scheduled until Thursday at the earliest, said the bank will pay $9.65 billion in cash and provide consumer relief valued at $7 billion.

The deal is the largest settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure. It follows agreements in the last year with Citigroup for $7 billion and with JPM]]> Wed, 20 Aug 2014 19:46:03 -0600 <![CDATA[Why Bank of America deal might not cost it $17B]]> http://gazette.com/why-bank-of-america-deal-might-not-cost-it-17b/article/feed/148895?custom_click=rss http://gazette.com/why-bank-of-america-deal-might-not-cost-it-17b/article/feed/148895?custom_click=rss

WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.

In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar.

Inflated figures make sensational headlines for the Justice Department, and $17 billion would be the largest settlement by far arising from the economic meltdown in which millions of people in the United States lost their homes to foreclosure. But the true cost to companies is often obscured by potential tax deductions and opaque accounting techniques.

The expected Bank of America settlement will resolve allegations that the bank and companies it later bought misrepresent

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]]> WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.

In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar.

Inflated figures make sensational headlines for the Justice Department, and $17 billion would be the largest settlement by far arising from the economic meltdown in which millions of people in the United States lost their homes to foreclosure. But the true cost to companies is often obscured by potential tax deductions and opaque accounting techniques.

The expected Bank of America settlement will resolve allegations that the bank and companies it later bought misrepresent]]> Wed, 20 Aug 2014 19:30:51 -0600 <![CDATA[Mormon school removes gay-marriage cards at store]]> http://gazette.com/mormon-school-removes-gay-marriage-cards-at-store/article/feed/148869?custom_click=rss http://gazette.com/mormon-school-removes-gay-marriage-cards-at-store/article/feed/148869?custom_click=rss SALT LAKE CITY (AP) — Greeting cards celebrating same-sex marriages turned up at the Brigham Young University bookstore Tuesday.

Placed by Hallmark, the cards reading "Mr. and Mr." and "Mrs. and Mrs." were quickly removed when bookstore staff discovered them after photos surfaced online. The outside vendor stocked the shelves without realizing the school wouldn't want to sell the cards marketed to buyers celebrating unions between two brides and two grooms, BYU spokeswoman Carri Jenkins said.

It wasn't immediately clear when they were placed, but Jenkins said they weren't up long. BYU staffers have spoken with the company about leaving similar cards off university store shelves in the future. The school doesn't plan on endi

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]]> SALT LAKE CITY (AP) — Greeting cards celebrating same-sex marriages turned up at the Brigham Young University bookstore Tuesday.

Placed by Hallmark, the cards reading "Mr. and Mr." and "Mrs. and Mrs." were quickly removed when bookstore staff discovered them after photos surfaced online. The outside vendor stocked the shelves without realizing the school wouldn't want to sell the cards marketed to buyers celebrating unions between two brides and two grooms, BYU spokeswoman Carri Jenkins said.

It wasn't immediately clear when they were placed, but Jenkins said they weren't up long. BYU staffers have spoken with the company about leaving similar cards off university store shelves in the future. The school doesn't plan on endi]]> Wed, 20 Aug 2014 19:15:53 -0600 <![CDATA[UPS says 51 retail stores breached by malware]]> http://gazette.com/ups-says-51-retail-stores-breached-by-malware/article/feed/148979?custom_click=rss http://gazette.com/ups-says-51-retail-stores-breached-by-malware/article/feed/148979?custom_click=rss Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states.

A spokeswoman for UPS says the information includes names, card numbers and postal and email addresses from about 100,000 transactions between Jan. 20 and Aug. 11.

United Parcel Service Inc. said Wednesday that it was among U.S. retailers who got a Department of Homeland Security bulletin about the malware on July 31. The malware is not identified by current anti-virus software.

The company is not aware of any fraud related to the attack, spokeswoman Chelsea Lee said.

Atlanta-based UPS said it hired a security firm that found the virus in systems at about 1 pe

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]]> Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states.

A spokeswoman for UPS says the information includes names, card numbers and postal and email addresses from about 100,000 transactions between Jan. 20 and Aug. 11.

United Parcel Service Inc. said Wednesday that it was among U.S. retailers who got a Department of Homeland Security bulletin about the malware on July 31. The malware is not identified by current anti-virus software.

The company is not aware of any fraud related to the attack, spokeswoman Chelsea Lee said.

Atlanta-based UPS said it hired a security firm that found the virus in systems at about 1 pe]]> Wed, 20 Aug 2014 18:46:07 -0600 <![CDATA[Is a home equity line of credit a fit for you?]]> http://gazette.com/is-a-home-equity-line-of-credit-a-fit-for-you/article/feed/149001?custom_click=rss http://gazette.com/is-a-home-equity-line-of-credit-a-fit-for-you/article/feed/149001?custom_click=rss Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room.

The trend, fueled by the two-year housing recovery, has helped spur many borrowers to take out a home equity line of credit against the value of their home.

Such a loan, also known as a "HELOC," can give borrowers more financial flexibility and typically at a lower interest rate than a credit card. But HELOCs can also pose risks, should interest rates rise sharply or home values plummet.

When the housing market crashed in late 2007 it wiped out the equity many borrowers had in their home, prompting lenders to slash their available credit.

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]]> Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room.

The trend, fueled by the two-year housing recovery, has helped spur many borrowers to take out a home equity line of credit against the value of their home.

Such a loan, also known as a "HELOC," can give borrowers more financial flexibility and typically at a lower interest rate than a credit card. But HELOCs can also pose risks, should interest rates rise sharply or home values plummet.

When the housing market crashed in late 2007 it wiped out the equity many borrowers had in their home, prompting lenders to slash their available credit.]]> Wed, 20 Aug 2014 18:15:52 -0600 <![CDATA[Obama weighs broader move on legal immigration]]> http://gazette.com/obama-weighs-broader-move-on-legal-immigration/article/feed/148973?custom_click=rss http://gazette.com/obama-weighs-broader-move-on-legal-immigration/article/feed/148973?custom_click=rss

WASHINGTON (AP) — President Barack Obama is considering key changes in the nation's immigration system requested by tech, industry and powerful interest groups, in a move that could blunt Republicans' election-year criticism of the president's go-it-alone approach to immigration.

Administration officials and advocates said the steps would go beyond the expected relief from deportations for some immigrants in the U.S. illegally that Obama signaled he'd adopt after immigration efforts in Congress collapsed.

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]]> WASHINGTON (AP) — President Barack Obama is considering key changes in the nation's immigration system requested by tech, industry and powerful interest groups, in a move that could blunt Republicans' election-year criticism of the president's go-it-alone approach to immigration.

Administration officials and advocates said the steps would go beyond the expected relief from deportations for some immigrants in the U.S. illegally that Obama signaled he'd adopt after immigration efforts in Congress collapsed.]]> Wed, 20 Aug 2014 17:45:44 -0600 <![CDATA[Warren Buffett's firm to pay $896,000 penalty]]> http://gazette.com/warren-buffetts-firm-to-pay-896000-penalty/article/feed/148858?custom_click=rss http://gazette.com/warren-buffetts-firm-to-pay-896000-penalty/article/feed/148858?custom_click=rss OMAHA, Neb. (AP) — Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. beforehand.

The Federal Trade Commission said Wednesday that Berkshire Hathaway Inc. should have notified the Justice Department before it converted $325 million of senior USG notes it held into 21.4 million shares of the company.

Because Berkshire was already a significant USG shareholder, antitrust laws required it to notify regulators because of the size of the deal. At the end of June, Berkshire held just over 39 million USG shares.

Berkshire did correct its initial filing after the USG investment and clarify that it should have notified official

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]]> OMAHA, Neb. (AP) — Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. beforehand.

The Federal Trade Commission said Wednesday that Berkshire Hathaway Inc. should have notified the Justice Department before it converted $325 million of senior USG notes it held into 21.4 million shares of the company.

Because Berkshire was already a significant USG shareholder, antitrust laws required it to notify regulators because of the size of the deal. At the end of June, Berkshire held just over 39 million USG shares.

Berkshire did correct its initial filing after the USG investment and clarify that it should have notified official]]> Wed, 20 Aug 2014 17:30:44 -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 ___

Yellen to give her outlook as Fed honeymoon fades

WASHINGTON (AP) — Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.

She may one day recall her first six months as a too-brief honeymoon.

The perilous question that now awaits Yellen's Fed has put investors on nervous alert: Can it manage to raise rates from record lows without weakening the U.S.

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]]> ___

Yellen to give her outlook as Fed honeymoon fades

WASHINGTON (AP) — Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.

She may one day recall her first six months as a too-brief honeymoon.

The perilous question that now awaits Yellen's Fed has put investors on nervous alert: Can it manage to raise rates from record lows without weakening the U.S.]]> Wed, 20 Aug 2014 17:30:44 -0600 <![CDATA[German retailer opening US flagship in Cincinnati]]> http://gazette.com/german-retailer-opening-us-flagship-in-cincinnati/article/feed/148797?custom_click=rss http://gazette.com/german-retailer-opening-us-flagship-in-cincinnati/article/feed/148797?custom_click=rss

CINCINNATI (AP) — Picture this: A woman walking down the street wearing a dirndl skirt and bust-hugging bodice paired with ankle boots. Or a man sporting lederhosen — leather shorts, traditionally worn with suspenders — with a T-shirt and sneakers.

Wiesnkoenig (pronounced VEE'-sehn-koh-neg), the official supplier of lederhosen for the Munich Oktoberfest, is hoping its fashion-forward take on traditional German clothing takes off in America with the opening of its flagship U.S. store inside a Cincinnati brewery.

Wiesnkoenig USA planned a launch party for the store Wednesday in Cincinnati's Over-the-Rhine historic neighborhood, which was founded by German immigrants in the 1800s and is now home to a fledgling brewery dist

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]]> CINCINNATI (AP) — Picture this: A woman walking down the street wearing a dirndl skirt and bust-hugging bodice paired with ankle boots. Or a man sporting lederhosen — leather shorts, traditionally worn with suspenders — with a T-shirt and sneakers.

Wiesnkoenig (pronounced VEE'-sehn-koh-neg), the official supplier of lederhosen for the Munich Oktoberfest, is hoping its fashion-forward take on traditional German clothing takes off in America with the opening of its flagship U.S. store inside a Cincinnati brewery.

Wiesnkoenig USA planned a launch party for the store Wednesday in Cincinnati's Over-the-Rhine historic neighborhood, which was founded by German immigrants in the 1800s and is now home to a fledgling brewery dist]]> Wed, 20 Aug 2014 17:16:07 -0600 <![CDATA[Texas regulators OK expanding nuclear waste site]]> http://gazette.com/texas-regulators-ok-expanding-nuclear-waste-site/article/feed/148978?custom_click=rss http://gazette.com/texas-regulators-ok-expanding-nuclear-waste-site/article/feed/148978?custom_click=rss

LUBBOCK, Texas (AP) — Depleted uranium from federal energy facilities can be buried at a nuclear-waste dumping site in West Texas, state regulators decided Wednesday.

The 3-0 vote by the Texas Commission on Environmental Quality also will triple the Dallas-based Waste Control Specialists facility's capacity of storing low-level radioactive waste from the majority of U.S. states — going from 2.3 million cubic feet to 9 million cubic feet.

Company spokesman Chuck McDonald says the amendment also reduces by $50 million — to $86 million — the amount of money the company is required to have available to fund potential liabilities.

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]]> LUBBOCK, Texas (AP) — Depleted uranium from federal energy facilities can be buried at a nuclear-waste dumping site in West Texas, state regulators decided Wednesday.

The 3-0 vote by the Texas Commission on Environmental Quality also will triple the Dallas-based Waste Control Specialists facility's capacity of storing low-level radioactive waste from the majority of U.S. states — going from 2.3 million cubic feet to 9 million cubic feet.

Company spokesman Chuck McDonald says the amendment also reduces by $50 million — to $86 million — the amount of money the company is required to have available to fund potential liabilities.]]> Wed, 20 Aug 2014 17:16:02 -0600 <![CDATA[L Brands beats Street 2Q forecasts]]> http://gazette.com/l-brands-beats-street-2q-forecasts/article/feed/148972?custom_click=rss http://gazette.com/l-brands-beats-street-2q-forecasts/article/feed/148972?custom_click=rss COLUMBUS, Ohio (AP) — L Brands Inc. (LB) on Wednesday reported fiscal second-quarter profit of $188.4 million.

The Columbus, Ohio-based company said it had profit of 63 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.68 billion in the period, which also beat Street forecasts. Analysts expected $2.66 billion, according to Zacks.

L Brands shares have climbed nearly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.5 percent. At the close of trading on Wed

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]]> COLUMBUS, Ohio (AP) — L Brands Inc. (LB) on Wednesday reported fiscal second-quarter profit of $188.4 million.

The Columbus, Ohio-based company said it had profit of 63 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.68 billion in the period, which also beat Street forecasts. Analysts expected $2.66 billion, according to Zacks.

L Brands shares have climbed nearly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.5 percent. At the close of trading on Wed]]> Wed, 20 Aug 2014 17:01:12 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1535887?custom_click=rss http://gazette.com/movers-shakers/article/1535887?custom_click=rss Dr. Ed Powers has been named medical director of the First Choice Emergency Room-Powers facility. He is board certified in emergency medicine and aerospace medicine and previously worked as a NASA flight surgeon at the NASA Johnson Space Center in Houston. He also was a staff physician at a First Choice Emergency Room in Houston.

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.

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]]> Dr. Ed Powers has been named medical director of the First Choice Emergency Room-Powers facility. He is board certified in emergency medicine and aerospace medicine and previously worked as a NASA flight surgeon at the NASA Johnson Space Center in Houston. He also was a staff physician at a First Choice Emergency Room in Houston.

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, 20 Aug 2014 16:55:02 -0600 <![CDATA[EEOC files lawsuit against Food Lion over firing]]> http://gazette.com/eeoc-files-lawsuit-against-food-lion-over-firing/article/feed/148958?custom_click=rss http://gazette.com/eeoc-files-lawsuit-against-food-lion-over-firing/article/feed/148958?custom_click=rss WASHINGTON (AP) — The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against supermarket chain Food Lion, saying it fired a Jehovah's Witness who requested certain days off for his religion.

The complaint was filed Wednesday in U.S. District Court. A company spokeswoman said she hadn't seen the lawsuit.

According to the complaint, Victaurius L. Bailey was hired at a Food Lion in Winston-Salem in June 2011. Bailey is a minister and an elder, and as such needed Sundays and Thursdays off.

Bailey's manager accommodated him. But when he was transferred to a store in Kernersville, the manager there said he wasn't going to be able to give him Sundays off. The complaint said Bailey was then fi

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]]> WASHINGTON (AP) — The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against supermarket chain Food Lion, saying it fired a Jehovah's Witness who requested certain days off for his religion.

The complaint was filed Wednesday in U.S. District Court. A company spokeswoman said she hadn't seen the lawsuit.

According to the complaint, Victaurius L. Bailey was hired at a Food Lion in Winston-Salem in June 2011. Bailey is a minister and an elder, and as such needed Sundays and Thursdays off.

Bailey's manager accommodated him. But when he was transferred to a store in Kernersville, the manager there said he wasn't going to be able to give him Sundays off. The complaint said Bailey was then fi]]> Wed, 20 Aug 2014 16:46:11 -0600 <![CDATA[Hertz and American Eagle are big market movers]]> http://gazette.com/hertz-and-american-eagle-are-big-market-movers/article/feed/148947?custom_click=rss http://gazette.com/hertz-and-american-eagle-are-big-market-movers/article/feed/148947?custom_click=rss NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Hertz Global Holdings Inc., down $1.23 to $30.33

The rental car company withdrew its profit guidance, citing challenges posed by recalls, an accounting review and other problems.

American Eagle Outfitters Inc., up $1.39 to $12.98

The clothing retailer reported a steep drop in quarterly profit on weak sales, but the results still beat Wall Street expectations

Youku Tudou Inc., down $2 to $19.52

The Chinese Internet television company reported quarterly financial results and sales guidance below Wall Street expectations.

NQ Mobile Inc., up 13 cents to

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]]> NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Hertz Global Holdings Inc., down $1.23 to $30.33

The rental car company withdrew its profit guidance, citing challenges posed by recalls, an accounting review and other problems.

American Eagle Outfitters Inc., up $1.39 to $12.98

The clothing retailer reported a steep drop in quarterly profit on weak sales, but the results still beat Wall Street expectations

Youku Tudou Inc., down $2 to $19.52

The Chinese Internet television company reported quarterly financial results and sales guidance below Wall Street expectations.

NQ Mobile Inc., up 13 cents to ]]> Wed, 20 Aug 2014 16:31:05 -0600 <![CDATA[Perkins Restaurant & Bakery returning to Colorado Springs]]> By rich laden rich.laden@gazette.com - http://gazette.com/perkins-restaurant-bakery-returning-to-colorado-springs/article/1535826?custom_click=rss http://gazette.com/perkins-restaurant-bakery-returning-to-colorado-springs/article/1535826?custom_click=rss

Perkins Restaurant & Bakery is making a comeback in Colorado Springs.

Three years after all three of the area's Perkins were shuttered by the chain's corporate owners, an Iowa franchisee is remodeling one of the former locations at Platte Avenue and Chelton Road and will reopen the restaurant in mid- to late September.

The opening of the Springs location will be the 10th Perkins for CyHawk Hospitality Inc., which also operates franchised Perkins restaurants in Iowa, Nebraska, Missouri and Kansas, said Matt Rahfaldt, CyHawk's vice president of new store development.

"We're looking for places to expand to," said Rahfaldt, whose father, Jim, heads CyHawk and is a former Perkins corporate executive.



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Perkins Restaurant & Bakery is making a comeback in Colorado Springs.

Three years after all three of the area's Perkins were shuttered by the chain's corporate owners, an Iowa franchisee is remodeling one of the former locations at Platte Avenue and Chelton Road and will reopen the restaurant in mid- to late September.

The opening of the Springs location will be the 10th Perkins for CyHawk Hospitality Inc., which also operates franchised Perkins restaurants in Iowa, Nebraska, Missouri and Kansas, said Matt Rahfaldt, CyHawk's vice president of new store development.

"We're looking for places to expand to," said Rahfaldt, whose father, Jim, heads CyHawk and is a former Perkins corporate executive.

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Wed, 20 Aug 2014 07:52:58 -0600
<![CDATA[Fort Collins OKs 5-cent bag fee despite opposition]]> Associated Press http://gazette.com/fort-collins-oks-5-cent-bag-fee-despite-opposition/article/1535870?custom_click=rss http://gazette.com/fort-collins-oks-5-cent-bag-fee-despite-opposition/article/1535870?custom_click=rss FORT COLLINS — Shoppers in Fort Collins will have to pay 5 cents for every disposable bag they use starting next April.

City councilors approved the fee Tuesday night after hearing from many residents who opposed the idea.

The Coloradoan (http://noconow.co/1thd96P ) reports that councilors originally considered imposing a 10-cent fee. Besides reducing the fee, councilors also required retailers to notify customers about the fee before charging them for a bag. The city also will have to look at how it can reduce its use of disposable bags.

Several other Colorado cities also have bag fees to discourage people from using disposable bags.



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FORT COLLINS — Shoppers in Fort Collins will have to pay 5 cents for every disposable bag they use starting next April.

City councilors approved the fee Tuesday night after hearing from many residents who opposed the idea.

The Coloradoan (http://noconow.co/1thd96P ) reports that councilors originally considered imposing a 10-cent fee. Besides reducing the fee, councilors also required retailers to notify customers about the fee before charging them for a bag. The city also will have to look at how it can reduce its use of disposable bags.

Several other Colorado cities also have bag fees to discourage people from using disposable bags.

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Wed, 20 Aug 2014 07:29:45 -0600
<![CDATA[Will businesses on Colorado Springs bike race route win big?]]> By stephen hobbs stephen.hobbs@gazette.com - http://gazette.com/will-businesses-on-colorado-springs-bike-race-route-win-big/article/1535829?custom_click=rss http://gazette.com/will-businesses-on-colorado-springs-bike-race-route-win-big/article/1535829?custom_click=rss

With crowds expected to line parts of downtown and west Colorado Springs for the USA Pro Challenge bicycle race this week, businesses can expect to profit.

Or maybe not.

Business owners in the city's two key urban shopping districts have mixed feelings about the benefits and drawbacks of the race, which comes to Colorado Springs on Thursday.

Road closures, busy sidewalks and fewer parking spots can frustrate customers and keep them away, possibly hurting sales for retailers and restaurants. But increased foot traffic, greater visibility and more potential shoppers and diners from out of the area can positively affect a business's bottom line.

Sue Arntzen, manager of Lucha Cantina at 23 S.



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With crowds expected to line parts of downtown and west Colorado Springs for the USA Pro Challenge bicycle race this week, businesses can expect to profit.

Or maybe not.

Business owners in the city's two key urban shopping districts have mixed feelings about the benefits and drawbacks of the race, which comes to Colorado Springs on Thursday.

Road closures, busy sidewalks and fewer parking spots can frustrate customers and keep them away, possibly hurting sales for retailers and restaurants. But increased foot traffic, greater visibility and more potential shoppers and diners from out of the area can positively affect a business's bottom line.

Sue Arntzen, manager of Lucha Cantina at 23 S.

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Wed, 20 Aug 2014 05:54:55 -0600
<![CDATA[Colorado Springs women's chamber honors Janska president]]> The Gazette - http://gazette.com/colorado-springs-womens-chamber-honors-janska-president/article/1535828?custom_click=rss http://gazette.com/colorado-springs-womens-chamber-honors-janska-president/article/1535828?custom_click=rss

This is turning out to be a banner year for Jan Erickson.

In March, the president of Colorado Springs-based clothing manufacturer Janska LLC was named Colorado Small Business Person of the Year by the U.S. Small Business Administration.

On Tuesday, she received another honor: the Southern Colorado Women's Chamber of Commerce 2014 Accolades Business Person of the Year.

All that is on top of the honors Janska got in 2012, when it was named Business of the Year by the local chapter of the Service Corps of Retired Executives and one of several "Colorado Companies to Watch" by the Colorado Office of Economic Development and International Trade.

"We had so much luck, and so many people help us along the way," Erickson



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This is turning out to be a banner year for Jan Erickson.

In March, the president of Colorado Springs-based clothing manufacturer Janska LLC was named Colorado Small Business Person of the Year by the U.S. Small Business Administration.

On Tuesday, she received another honor: the Southern Colorado Women's Chamber of Commerce 2014 Accolades Business Person of the Year.

All that is on top of the honors Janska got in 2012, when it was named Business of the Year by the local chapter of the Service Corps of Retired Executives and one of several "Colorado Companies to Watch" by the Colorado Office of Economic Development and International Trade.

"We had so much luck, and so many people help us along the way," Erickson

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Wed, 20 Aug 2014 05:16:56 -0600
<![CDATA[Q&A: Peter Husak, CEO of Team Pikes Peak]]> By charise simpson Special to The Gazette - http://gazette.com/qa-peter-husak-ceo-of-team-pikes-peak/article/1535817?custom_click=rss http://gazette.com/qa-peter-husak-ceo-of-team-pikes-peak/article/1535817?custom_click=rss

The day after his high school graduation, Peter Husak left his home in Wilmette, Ill., drove his 1966 Ford pickup truck to Colorado Springs to attend Colorado College and never looked back. He graduated with a degree in history and was snatched up by Xerox in Denver when company officials realized he had the propensity to be a good salesman.

After nearly a decade with Xerox, a former boss tapped Husak in 1996 to run Office-
Scapes of Colorado Springs. In 2008, Husak bought the company and has since expanded his holdings. He created a parent company, Team Pikes Peak, that oversees his three businesses: OfficeScapes, AdvantEdge Drywall and the Paper Hive.

Read more on Colorado Springs Gazette


]]> The day after his high school graduation, Peter Husak left his home in Wilmette, Ill., drove his 1966 Ford pickup truck to Colorado Springs to attend Colorado College and never looked back. He graduated with a degree in history and was snatched up by Xerox in Denver when company officials realized he had the propensity to be a good salesman.

After nearly a decade with Xerox, a former boss tapped Husak in 1996 to run Office-
Scapes of Colorado Springs. In 2008, Husak bought the company and has since expanded his holdings. He created a parent company, Team Pikes Peak, that oversees his three businesses: OfficeScapes, AdvantEdge Drywall and the Paper Hive.]]> Wed, 20 Aug 2014 04:30:26 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1535816?custom_click=rss http://gazette.com/movers-shakers/article/1535816?custom_click=rss

Donna Gable has been promoted to business banker at Ent Federal Credit Union. Gable, who has more than two decades of business management experience, will provide business banking services at Ent's Woodland Park, Jackson Creek, Westside, Centennial and Uintah service centers.


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.

Read more on Colorado Springs Gazette


]]> Donna Gable has been promoted to business banker at Ent Federal Credit Union. Gable, who has more than two decades of business management experience, will provide business banking services at Ent's Woodland Park, Jackson Creek, Westside, Centennial and Uintah service centers.


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, 20 Aug 2014 04:30:25 -0600 <![CDATA[Colorado Springs leaders ask public to join campaign to avert troop cuts at Fort Carson]]> By Tom roeder tom.roeder@gazette.com - http://gazette.com/colorado-springs-leaders-ask-public-to-join-campaign-to-avert-troop-cuts-at-fort-carson/article/1535811?custom_click=rss http://gazette.com/colorado-springs-leaders-ask-public-to-join-campaign-to-avert-troop-cuts-at-fort-carson/article/1535811?custom_click=rss

The Colorado Springs Regional Business Alliance on Tuesday kicked off an effort to keep troops at Fort Carson through thousands of love 
letters.

The post faces cuts of up to 16,000 of its 24,000 soldiers under a Pentagon doomsday plan that projects $900 billion in Defense Department budget cuts over a decade.

The alliance, which this year said military spending accounts for nearly half of the Pikes Peak region economy, wants bales of postcards and emails to persuade Army leaders to make their cuts elsewhere.

The alliance is passing out preprinted postcards at the County Clerk and Recorder's Office branches and at its offices at 102 S. Tejon St., Suite 430.

Read more on Colorado Springs Gazette


]]> The Colorado Springs Regional Business Alliance on Tuesday kicked off an effort to keep troops at Fort Carson through thousands of love 
letters.

The post faces cuts of up to 16,000 of its 24,000 soldiers under a Pentagon doomsday plan that projects $900 billion in Defense Department budget cuts over a decade.

The alliance, which this year said military spending accounts for nearly half of the Pikes Peak region economy, wants bales of postcards and emails to persuade Army leaders to make their cuts elsewhere.

The alliance is passing out preprinted postcards at the County Clerk and Recorder's Office branches and at its offices at 102 S. Tejon St., Suite 430.]]> Wed, 20 Aug 2014 04:25:24 -0600 <![CDATA[IT'S YOUR MONEY: Take action now to distribute your assets after you die]]> By JANE YOUNG http://gazette.com/its-your-money-take-action-now-to-distribute-your-assets-after-you-die/article/1535836?custom_click=rss http://gazette.com/its-your-money-take-action-now-to-distribute-your-assets-after-you-die/article/1535836?custom_click=rss

You really don't want the state deciding how your money is distributed when you die, so specify how you would like your assets divided.

In Colorado, this is most commonly accomplished through a will or beneficiary designations. In more complicated situations, a trust may be used.

Virtually any financial account can be divided using a beneficiary designation, but it is most commonly used with retirement accounts, life insurance policies and annuities. Assets distributed through a beneficiary designation will pass to heirs outside of probate, which is the process of legally allocating your assets through the court system after you die.

Assets that are held in joint name or that are designated as "transfer upon death"

Read more on Colorado Springs Gazette


]]> You really don't want the state deciding how your money is distributed when you die, so specify how you would like your assets divided.

In Colorado, this is most commonly accomplished through a will or beneficiary designations. In more complicated situations, a trust may be used.

Virtually any financial account can be divided using a beneficiary designation, but it is most commonly used with retirement accounts, life insurance policies and annuities. Assets distributed through a beneficiary designation will pass to heirs outside of probate, which is the process of legally allocating your assets through the court system after you die.

Assets that are held in joint name or that are designated as "transfer upon death"]]> Tue, 19 Aug 2014 19:00:17 -0600 <![CDATA[ESSENTIALS: Business briefs from the Pikes Peak region]]> http://gazette.com/essentials-business-briefs-from-the-pikes-peak-region/article/1535835?custom_click=rss http://gazette.com/essentials-business-briefs-from-the-pikes-peak-region/article/1535835?custom_click=rss

- The Tim Kealy Insurance Agency Inc. of Black Forest, which provides Farmers Insurance products, has bought another Black Forest business, the Andy Taylor Farmers Insurance Agency. Taylor's clients should contact Kealy at 494-1234 for insurance policy questions.

- DreamMaker Bath & Kitchen of Colorado Springs was recently awarded the Cornerstone Award at DreamMaker's annual national conference. The award recognizes outstanding franchisees, based on sales volume, net profit, implementation of DreamMaker systems and other measures. The Colorado Springs operation, owned by Deb and Mark Witte, was one of six nationwide to win the award.

Read more on Colorado Springs Gazette


]]> - The Tim Kealy Insurance Agency Inc. of Black Forest, which provides Farmers Insurance products, has bought another Black Forest business, the Andy Taylor Farmers Insurance Agency. Taylor's clients should contact Kealy at 494-1234 for insurance policy questions.

- DreamMaker Bath & Kitchen of Colorado Springs was recently awarded the Cornerstone Award at DreamMaker's annual national conference. The award recognizes outstanding franchisees, based on sales volume, net profit, implementation of DreamMaker systems and other measures. The Colorado Springs operation, owned by Deb and Mark Witte, was one of six nationwide to win the award.]]> Tue, 19 Aug 2014 19:00:02 -0600 <![CDATA[MONEY & THE LAW: Colorado law protects consumers hit by data breaches]]> By JIM FLYNN http://gazette.com/money-the-law-colorado-law-protects-consumers-hit-by-data-breaches/article/1535834?custom_click=rss http://gazette.com/money-the-law-colorado-law-protects-consumers-hit-by-data-breaches/article/1535834?custom_click=rss

With merchant data breaches becoming a regular occurrence (Target, eBay, P.F. Chang's, etc.), I thought I should tell you what Colorado law says about notification to affected individuals. Forty-seven states have statutes addressing this issue, with Colorado's going back to 2006.

The Colorado statute, a part of the state's Consumer Protection Act, begins with a definition of security system breach. One occurs when there is an "unauthorized acquisition of unencrypted computerized data that compromises the security, confidentiality, or integrity of personal information.

Read more on Colorado Springs Gazette


]]> With merchant data breaches becoming a regular occurrence (Target, eBay, P.F. Chang's, etc.), I thought I should tell you what Colorado law says about notification to affected individuals. Forty-seven states have statutes addressing this issue, with Colorado's going back to 2006.

The Colorado statute, a part of the state's Consumer Protection Act, begins with a definition of security system breach. One occurs when there is an "unauthorized acquisition of unencrypted computerized data that compromises the security, confidentiality, or integrity of personal information.]]> Tue, 19 Aug 2014 18:55:01 -0600 <![CDATA[Colorado unemployment falls again; hits lowest point since fall 2008]]> By Gazette and news services - http://gazette.com/colorado-unemployment-falls-again-hits-lowest-point-since-fall-2008/article/1535752?custom_click=rss http://gazette.com/colorado-unemployment-falls-again-hits-lowest-point-since-fall-2008/article/1535752?custom_click=rss

Colorado's unemployment fell for the 33rd consecutive month in July and hit a nearly six-year low, with education and health services, construction and professional and business services driving the state's job growth.

According to the Colorado Department of Labor and Employment report released Monday, Colorado added 5,500 non-farm jobs in July, pushing the unemployment rate down slightly to 5.3 percent from 5.5 percent in June.

The last time the state's unemployment rate was at 5.3 percent was October 2008.

Colorado was one of only eight states that saw a drop in unemployment last month, the U.S. Labor Department said. Rates were unchanged in 12 states and rose in 30 states last month, even as employers in two-thirds



Read more on Colorado Springs Gazette


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Colorado's unemployment fell for the 33rd consecutive month in July and hit a nearly six-year low, with education and health services, construction and professional and business services driving the state's job growth.

According to the Colorado Department of Labor and Employment report released Monday, Colorado added 5,500 non-farm jobs in July, pushing the unemployment rate down slightly to 5.3 percent from 5.5 percent in June.

The last time the state's unemployment rate was at 5.3 percent was October 2008.

Colorado was one of only eight states that saw a drop in unemployment last month, the U.S. Labor Department said. Rates were unchanged in 12 states and rose in 30 states last month, even as employers in two-thirds

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Mon, 18 Aug 2014 18:36:17 -0600
<![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1535754?custom_click=rss http://gazette.com/movers-shakers/article/1535754?custom_click=rss

Dennis Podzemny of Fountain, who works as a Modern Woodmen of America representative, has attained the Fraternal Insurance Counselor designation. Career life insurance representatives of fraternal insurance societies earn the FIC title by devoting at least a year to meet the examination and career development criteria set by the Fraternal Field Managers Association.

Read more on Colorado Springs Gazette


]]> Dennis Podzemny of Fountain, who works as a Modern Woodmen of America representative, has attained the Fraternal Insurance Counselor designation. Career life insurance representatives of fraternal insurance societies earn the FIC title by devoting at least a year to meet the examination and career development criteria set by the Fraternal Field Managers Association.]]> Mon, 18 Aug 2014 16:05:02 -0600