<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Wed, 18 Jan 2017 13:23:16 -0700 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[US sues Oracle, says it pays white men more than others]]> http://gazette.com/us-sues-oracle-says-it-pays-white-men-more-than-others/article/feed/439680?custom_click=rss http://gazette.com/us-sues-oracle-says-it-pays-white-men-more-than-others/article/feed/439680?custom_click=rss NEW YORK (AP) — The Labor Department is suing Oracle, claiming that the technology giant pays white male workers more than their non-white and female counterparts with the same job titles.

The lawsuit also says that the company has a systemic practice of favoring Asian workers in its recruiting and hiring practices for product development and other technical roles, which results in hiring discrimination against non-Asian applicants.

In a statement, Oracle on Wednesday called the lawsuit "politically motivated, based on false allegations and wholly without merit.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 14:03:20 -0700 <![CDATA[Yellen says Fed close to achieving its economic goals]]> http://gazette.com/yellen-says-fed-close-to-achieving-its-economic-goals/article/feed/439679?custom_click=rss http://gazette.com/yellen-says-fed-close-to-achieving-its-economic-goals/article/feed/439679?custom_click=rss WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the economy has come a long way in recovering from the 2008 financial crisis, and the Fed is getting close to achieving its goals of maximum employment and stable inflation.

But in a speech in San Francisco, she says she can't say when the next interest rate will occur or how high rates will rise. She says that will depend on how the economy performs in the coming months.

She says Fed officials, who boosted rates for a second time last month, expect to raise rates "a few times a year" until they have pushed the Fed's benchmark rate close to 3 percent by the end of 2018. The rate now stands in a range of 0.5 percent to 0.75 percent.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 14:00:56 -0700 <![CDATA[In break with Trump, EPA pick says climate change isn't hoax]]> http://gazette.com/in-break-with-trump-epa-pick-says-climate-change-isnt-hoax/article/feed/439532?custom_click=rss http://gazette.com/in-break-with-trump-epa-pick-says-climate-change-isnt-hoax/article/feed/439532?custom_click=rss

WASHINGTON (AP) — Donald Trump's choice to head the Environmental Protection Agency said Wednesday that climate change is real, breaking with both the president-elect and his own past statements.

In response to questions from Democrats during his Senate confirmation hearing, Oklahoma Attorney General Scott Pruitt said he disagreed with Trump's earlier claims that global warming is a hoax created by the Chinese to harm the economic competitiveness of the United States.

"I do not believe climate change is a hoax," Pruitt said.

The 48-year-old Republican has previously cast doubt on the extensive body of scientific evidence showing that the planet is warming and man-made carbon emissions are to blame.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:59:10 -0700 <![CDATA[Correction: Wind Energy story]]> http://gazette.com/correction-wind-energy-story/article/feed/439413?custom_click=rss http://gazette.com/correction-wind-energy-story/article/feed/439413?custom_click=rss MINEOLA, N.Y. (AP) — In a story Jan. 17 about a wind energy project, The Associated Press reported erroneously on the Long Island Power Authority's plans. LIPA spokesman Sid Nathan says the utility plans to vote on whether to award a contract to Deepwater Wind, not that it plans to award the contract.

A corrected version of the story is below:

Utility plans vote on New York offshore wind project

A New York utility is set to vote later this month on a plan to construct an offshore wind farm off eastern Long Island

MINEOLA, N.Y. (AP) — A New York utility is set to vote later this month on a plan to construct an offshore wind farm off eastern Long Island.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:56:56 -0700 <![CDATA[Consumer agency sues Navient over student loan repayments]]> http://gazette.com/consumer-agency-sues-navient-over-student-loan-repayments/article/feed/439671?custom_click=rss http://gazette.com/consumer-agency-sues-navient-over-student-loan-repayments/article/feed/439671?custom_click=rss WASHINGTON (AP) — Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints.

The Consumer Financial Protection Bureau filed the federal lawsuit against Navient on Wednesday, seeking restitution for affected borrowers and money penalties. The agency said the company also cheated struggling borrowers out of their rights to lower their payments "through shortcuts and deception."

Navient disputed the allegations, calling the suit a politically motivated "midnight action" two days before the Trump administration takes office.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:54:54 -0700 <![CDATA[Credit Suisse to pay $5.3B over mortgage-backed securities]]> http://gazette.com/credit-suisse-to-pay-5.3b-over-mortgage-backed-securities/article/feed/439669?custom_click=rss http://gazette.com/credit-suisse-to-pay-5.3b-over-mortgage-backed-securities/article/feed/439669?custom_click=rss NEW YORK (AP) — Credit Suisse has agreed to pay $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis.

The U.S. Department of Justice says Credit Suisse admitted that it knew the mortgages it packaged and then sold as securities did not meet underwriting standards.

Credit Suisse will pay a $2.5 billion fine plus $2.8 billion for relief to struggling homeowners, borrowers or communities.

In a statement, the Swiss bank says it is pleased to put the matter behind it.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:34:30 -0700 <![CDATA[Budget pick Mulvaney acknowledges payroll tax lapse]]> http://gazette.com/budget-pick-mulvaney-acknowledges-payroll-tax-lapse/article/feed/439653?custom_click=rss http://gazette.com/budget-pick-mulvaney-acknowledges-payroll-tax-lapse/article/feed/439653?custom_click=rss

WASHINGTON (AP) — Rep. Mick Mulvaney, President-elect Donald Trump's choice to run the White House budget office, failed to pay more than $15,000 in payroll taxes for a household worker more than a decade ago, prompting the Senate's top Democrat to issue a statement saying the lapse should disqualify his nomination.

"I have come to learn, during the confirmation review process, that I failed to pay FICA and federal and state unemployment taxes on a household employee for the years 2000-2004," Mulvaney, R-S.C., stated in a response to written questions from the Senate Budget Committee.

It was not immediately clear the effect that the lapse would have on Mulvaney's confirmation. A hearing before the budget panel is scheduled

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:30:52 -0700 <![CDATA[Army plans Dakota Access oil pipeline environmental study]]> http://gazette.com/army-plans-dakota-access-oil-pipeline-environmental-study/article/feed/439579?custom_click=rss http://gazette.com/army-plans-dakota-access-oil-pipeline-environmental-study/article/feed/439579?custom_click=rss

BISMARCK, N.D. (AP) — The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could stop the effort.

The Army published a notice Wednesday of its intent to prepare an environmental impact statement on the Lake Oahe crossing. Texas-based developer Energy Transfer Partners won't be able to lay pipe under the reservoir while the study is ongoing — it is currently blocked from doing so anyway. A study could take up to two years, according to the Energy Department.

ETP asked U.S. District Judge James Boasberg on Tuesday to block the study; he scheduled a hearing for Wednesday afternoon i

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:23:20 -0700 <![CDATA[The Latest: Army tells judge pipeline study should proceed]]> http://gazette.com/the-latest-army-tells-judge-pipeline-study-should-proceed/article/feed/439589?custom_click=rss http://gazette.com/the-latest-army-tells-judge-pipeline-study-should-proceed/article/feed/439589?custom_click=rss

BISMARCK, N.D. (AP) — The Latest on disputes over the construction of the Dakota Access oil pipeline in North Dakota (all times local):

1:15 p.m.

The Army says the launch of a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing under a Missouri River reservoir in North Dakota won't impact a related court battle.

The Army published a notice in the Federal Register on Wednesday of its intent to further study the Lake Oahe crossing.

Texas-based pipeline developer Energy Transfer Partners wants U.S. District Judge James Boasberg (BOHZ'-burg) to block the study from moving forward until he rules on a related dispute. ETP maintains it already has the necessary permission for the cro

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:18:22 -0700 <![CDATA[For driverless cars, a moral dilemma: Who lives or dies?]]> http://gazette.com/for-driverless-cars-a-moral-dilemma-who-lives-or-dies/article/feed/439507?custom_click=rss http://gazette.com/for-driverless-cars-a-moral-dilemma-who-lives-or-dies/article/feed/439507?custom_click=rss

BOSTON (AP) — Imagine you're behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you're confronted with an impossible choice: veer right and mow down a large group of elderly people or veer left into a woman pushing a stroller.

Now imagine you're riding in the back of a self-driving car. How would it decide?

Researchers at the Massachusetts Institute of Technology are asking people worldwide how they think a robot car should handle such life-or-death decisions. Their findings so far show people prefer a self-driving car to act in the greater good, sacrificing its passenger if it can save a crowd of pedestrians. They just don't want to get into that car.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:16:23 -0700 <![CDATA[CSX railroad expects modest profit growth in 2017]]> http://gazette.com/csx-railroad-expects-modest-profit-growth-in-2017/article/feed/439619?custom_click=rss http://gazette.com/csx-railroad-expects-modest-profit-growth-in-2017/article/feed/439619?custom_click=rss

OMAHA, Neb. (AP) — CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms.

The Jacksonville, Florida-based railroad offered a somewhat optimistic outlook Wednesday, a day after reporting a $458 million fourth-quarter profit.

CSX CEO Michael Ward said industrial production is picking up, and forecasters predict the economy will grow 2 percent or more this year.

Ward expects CSX to fare well this year with coal demand stabilizing after several years of sharp declines. He predicts CSX's earnings per share will grow at a rate in the low-to-mid-teens in the first quarter.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:14:48 -0700 <![CDATA[With job announcements, firms appear to seek Trump approval]]> http://gazette.com/with-job-announcements-firms-appear-to-seek-trump-approval/article/feed/439617?custom_click=rss http://gazette.com/with-job-announcements-firms-appear-to-seek-trump-approval/article/feed/439617?custom_click=rss

WASHINGTON (AP) — From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home.

Trump, in response, has taken to Twitter to signal his approval.

"Thank you to General Motors and Walmart for starting the big jobs push back into the U.S.!" he tweeted Tuesday afternoon.

Yet it's unclear just how many jobs are actually being saved or created as a result of Trump's push or whether his administration will hold companies accountable for their pledges. In a solid job market with just 4.7 percent unemployment, hundreds of thousands of U.S. jobs are added all the time for a broa

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:07:22 -0700 <![CDATA[Federal Reserve sees growth pickup at end of last year]]> http://gazette.com/federal-reserve-sees-growth-pickup-at-end-of-last-year/article/feed/439656?custom_click=rss http://gazette.com/federal-reserve-sees-growth-pickup-at-end-of-last-year/article/feed/439656?custom_click=rss

WASHINGTON (AP) — The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages.

The Federal Reserve says its survey of economic conditions around the country found that growth was modest or moderate in 10 of its 12 districts. That is an improvement from seven in the previous report. Growth was slight in the Cleveland district and largely unchanged in New York.

Fed officials will study the survey, known as the "Beige Book," in preparation for their next meeting Jan. 31- Feb. 1. They will consider whether to raise short-term interest rates at that meeting, though few economists expect them to move so soon after their increase last mo

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 13:04:41 -0700 <![CDATA[Movers & Shakers]]> http://gazette.com/movers-shakers/article/1594644?custom_click=rss http://gazette.com/movers-shakers/article/1594644?custom_click=rss The Board of Directors of Downtown Partnership announces Executive Committee leadership for 2017, as well as newly appointed members:

Board Chair Alison Murray, executive director of First Presbyterian Church

Vice Chair Stuart Coppedge, principal, RTA Architects

Vice Chair Tammy Shuminsky, COO, Insurance Technologies

Secretary/Treasurer Steve Engel, Griffis Blessing

Immediate Past Chair Hannah Parsons, Chief Economic Development Officer, Colorado Springs Chamber & EDC

William Nelson, attorney, Lewis Roca Rothgerber Christie

David Lord, retired

New board members installed in 2017 are:

Stuart Coppedge, principal, RTA Architects

Warren Epstein, Pikes Peak Community

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:55:02 -0700 <![CDATA[Insurance equality? States push for cost-free vasectomies]]> http://gazette.com/insurance-equality-states-push-for-cost-free-vasectomies/article/feed/439647?custom_click=rss http://gazette.com/insurance-equality-states-push-for-cost-free-vasectomies/article/feed/439647?custom_click=rss ALBANY, N.Y. (AP) — Call it contraception equality.

Vasectomies, which are not covered under President Barack Obama's health care law, are increasingly being included in state measures that would require insurers to provide cost-free coverage of birth control.

Backers of laws and proposals in such states as Illinois, Vermont, Maryland and most recently New York say that if women can get tubal ligations with no out-of-pocket costs, men should be able to get their surgical sterilization covered cost-free as well. Such state measures are seen as a key backup if the federal mandate is repealed.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:51:42 -0700 <![CDATA[JPMorgan settles mortgage discrimination lawsuit]]> http://gazette.com/jpmorgan-settles-mortgage-discrimination-lawsuit/article/feed/439600?custom_click=rss http://gazette.com/jpmorgan-settles-mortgage-discrimination-lawsuit/article/feed/439600?custom_click=rss

NEW YORK (AP) — JPMorgan Chase will pay $55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis.

While the settlement is not a big financial dent to the giant bank, the cases illustrate the depth of the mortgage quagmire that has trailed the financial sector for a decade.

A federal suit filed in Manhattan Wednesday accused JPMorgan Chase & Co. of charging black and Hispanic borrowers higher interest rates and fees for mortgages from 2006 to at least 2009, causing them to pay an average of an extra thousand dollars.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:50:34 -0700 <![CDATA[Credit Suisse completes $5.3 billion U.S. deal over toxic debt]]> http://gazette.com/credit-suisse-completes-5.3-billion-u.s.-deal-over-toxic-debt/article/1594642?custom_click=rss http://gazette.com/credit-suisse-completes-5.3-billion-u.s.-deal-over-toxic-debt/article/1594642?custom_click=rss Credit Suisse Group and the Justice Department finalized a $5.3 billion agreement to settle a U.S. investigation into the bank's sales of toxic mortgage debt before the financial crisis.

Credit Suisse will pay a $2.5 billion civil penalty and $2.8 billion in consumer relief, to be paid over five years after the settlement, the Justice Department said on Wednesday, in line with the bank's Dec. 23 announcement of a preliminary resolution. As part of the settlement, the bank conceded that it sold investments containing loans that it knew were likely to fail.

The Zurich-based bank has said it plans to take a pretax charge of about $2 billion in the fourth quarter, on top of existing reserves, to account for the settlement.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:50:04 -0700 <![CDATA[Gold Resource adds to Nevada gold mining holdings with $2 million deal]]> http://gazette.com/gold-resource-adds-to-nevada-gold-mining-holdings-with-2-million-deal/article/1594643?custom_click=rss http://gazette.com/gold-resource-adds-to-nevada-gold-mining-holdings-with-2-million-deal/article/1594643?custom_click=rss Gold Resource Corp. announced Wednesday it has acquired another 5,300 acres of mining properties in Nevada from Diversified Inholdings LLC for $2 million in cash and stock, boosting its holdings in the area to more than 27,000 acres. The Colorado Springs-based mining producer also has a mine and mining properties in Mexico.

The latest property "adds additional critical mass to the exploration potential of our exciting Nevada Mining Unit, solidifying a dominant land position in the area," Gold Resource CEO Jason Reid said in a news release.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:50:04 -0700 <![CDATA[Consumer prices rise for fifth month on shelter, gas]]> http://gazette.com/consumer-prices-rise-for-fifth-month-on-shelter-gas/article/1594641?custom_click=rss http://gazette.com/consumer-prices-rise-for-fifth-month-on-shelter-gas/article/1594641?custom_click=rss The cost of living in the U.S. climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve's goal.

The consumer-price index rose 0.3 percent in December, matching the median projection of economists, after a 0.2 percent gain the previous month, Labor Department figures showed Wednesday in Washington. Prices were up 2.1 percent from a year earlier, the most since June 2014. Excluding volatile food and fuel, the so-called core measure rose 0.2 percent from November.

With energy moving higher and rents and medical costs continuing to firm up, price pressures are gaining traction in the world's largest economy.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:50:03 -0700 <![CDATA[Three business plan competitions on tap in Colorado Springs in coming months]]> http://gazette.com/three-business-plan-competitions-on-tap-in-colorado-springs-in-coming-months/article/1594640?custom_click=rss http://gazette.com/three-business-plan-competitions-on-tap-in-colorado-springs-in-coming-months/article/1594640?custom_click=rss Want to win money or notoriety for your business plan? The Global Game Jam, Go Code Colorado and the Big Idea all offer that opportunity in coming months.

About 60 people are signed up to develop games during the ninth annual game creation event from Friday through Sunday at Bachelor of Innovation Lab in Room A206 of the Osborne Center on the campus of University of Colorado, Colorado Springs. The El Pomar Institute for Innovation and Commercialization is sponsoring the UCCS site, which also hosted jam sites in 2014-16. While the event is hosted in a computer lab, participants are encouraged to bring their own laptop computers.

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:50:02 -0700 <![CDATA[American mimics United with fare barring use of overhead bin]]> http://gazette.com/american-mimics-united-with-fare-barring-use-of-overhead-bin/article/1594639?custom_click=rss http://gazette.com/american-mimics-united-with-fare-barring-use-of-overhead-bin/article/1594639?custom_click=rss

American Airlines followed United Continental in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters.

The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based airline said in a statement Wednesday. American didn't identify the initial 10 markets or provide specifics of the discount compared with other coach cabin fares.

American, United and Delta Air Lines are rolling out lower fares with few amenities to compete with low-cost carriers such as Spirit Airlines, which appeal to customers who select flights based primarily on ticket

Read more on Colorado Springs Gazette


]]> Wed, 18 Jan 2017 12:45:01 -0700 <![CDATA[McDonald's tweaked the Big Mac, and it's going nationwide]]> http://gazette.com/mcdonalds-tweaked-the-big-mac-and-its-going-nationwide/article/1594620?custom_click=rss http://gazette.com/mcdonalds-tweaked-the-big-mac-and-its-going-nationwide/article/1594620?custom_click=rss

For those who think the Big Mac is a bit too big, McDonald's is coming out with the Mac Jr. For those who think the Big Mac isn't quite big enough, McDonald's is unveiling the Grand Mac.

McDonald's (MCD) said it's going company-wide with the burgers after successful test markets earlier this year in Ohio and Dallas/Fort Worth.

The Big Mac is distinguished by the fact that it has two burger patties instead of one, and it also has the famous "special sauce." The Grand Mac adds more beef to the two patties, totaling one-third of a pound of beef. The Mac Jr. has just one larger patty, loses the middle bun, but keeps the special sauce.

Read more at money.cnn.com.



Read more on Colorado Springs Gazette


]]>
Wed, 18 Jan 2017 11:00:27 -0700
<![CDATA[Experts warn homeowners to properly repair storm-damaged roofs with licensed contractors]]> http://gazette.com/experts-warn-homeowners-to-properly-repair-storm-damaged-roofs-with-licensed-contractors/article/1594566?custom_click=rss http://gazette.com/experts-warn-homeowners-to-properly-repair-storm-damaged-roofs-with-licensed-contractors/article/1594566?custom_click=rss

The windstorm that violently blew through the Colorado Springs area on Jan. 9 ripped shingles from more than 100 roofs, prompting a warning from area officials to be aware of shoddy repair work and ensuing problems.

Roger Lovell, with Pikes Peak Regional Building, and Colorado Springs Fire Department spokesman Capt. Steve Wilch warned anyone in need of a new roof to make sure the work comes with properly installed roof vents. They said hail-damaged or poorly mounted vents can lead to a backup of carbon monoxide in homes, making people sick or even causing deaths.

According to Lovell, more than 36,000 requests for reroof permits have come into Regional Building since July 2016 hailstorms that triggered more than $350 million in



Read more on Colorado Springs Gazette


]]>
Wed, 18 Jan 2017 08:22:30 -0700
<![CDATA[Proposed U.S. Olympic Museum in Colorado Springs gets $500,000 boost]]> http://gazette.com/proposed-u.s.-olympic-museum-in-colorado-springs-gets-500000-boost/article/1594590?custom_click=rss http://gazette.com/proposed-u.s.-olympic-museum-in-colorado-springs-gets-500000-boost/article/1594590?custom_click=rss

The Colorado Springs Convention and Visitors Bureau is giving $500,000 to the proposed downtown U.S. Olympic Museum - a significant step for project supporters as they race to meet a March 31 deadline to raise millions more in private funding.

The CVB's board voted overwhelmingly Tuesday to take one-half-million dollars from the agency's $1 million reserve fund and funnel it to the museum over three years, said Doug Price, the bureau's president and CEO. There's no timetable on when payments would start, he said.

"There's nothing that's going to generate out-of-area visitors more than the Olympic Museum," Price said of the project, whose backers estimate will draw 350,000 tourists a year.



Read more on Colorado Springs Gazette


]]>
Wed, 18 Jan 2017 06:45:59 -0700
<![CDATA[KKTV, Dish deal reached]]> http://gazette.com/kktv-dish-deal-reached/article/1594587?custom_click=rss http://gazette.com/kktv-dish-deal-reached/article/1594587?custom_click=rss

Another satellite provider-local TV affiliate contract impasse has been resolved amid viewer anxiety.

Gray Television, owner of KKTV, announced Tuesday evening that it had reached a deal with Dish to continue carrying its lineup which, coincidentally, includes this weekend's highly anticipated AFC championship game between the Pittsburgh Steelers and the New England Patriots.

KKTV General Manager Nick Matesi said he didn't know the details, but that "there's a deal."

Meanwhile, negotiations continue in an unrelated contract dispute between the owner of KRDO and DirecTV. But at least for NFL fans, that's no longer an issue; ABC is not a carrier for the remainder of the playoffs or the Super Bowl.



Read more on Colorado Springs Gazette


]]>
Tue, 17 Jan 2017 18:38:26 -0700
<![CDATA[Colorado Springs' commercial real estate market showed more improvement in 2016]]> http://gazette.com/colorado-springs-commercial-real-estate-market-showed-more-improvement-in-2016/article/1594582?custom_click=rss http://gazette.com/colorado-springs-commercial-real-estate-market-showed-more-improvement-in-2016/article/1594582?custom_click=rss

Colorado Springs' commercial real estate market made more progress in 2016 as it continued its gradual recovery from the Great Recession, a new report shows.

Of key indicators that measure the market's health, the change in the amount of office, industrial and retail space occupied last year increased by more than two-thirds when compared with 2015, according to a year-end report by Paul Turner, president of Springs-based Turner Commercial Research.

Also, vacancy rates in commercial sectors generally fell, while rents continued a climb that began three years ago, Turner's report showed.

"Vacancies are declining, and apartment and residential rental properties are commanding higher rents," Turner said in his report.



Read more on Colorado Springs Gazette


]]>
Tue, 17 Jan 2017 17:46:17 -0700
<![CDATA[Ted Rayburn: Colorado Springs is a haven for working at home]]> http://gazette.com/ted-rayburn-colorado-springs-is-a-haven-for-working-at-home/article/1594354?custom_click=rss http://gazette.com/ted-rayburn-colorado-springs-is-a-haven-for-working-at-home/article/1594354?custom_click=rss

Among the many ranking lists on which Colorado Springs showed up near the top in 2016 was one that was little noted:

On U.S. News & World Report's list of "10 Places with the Highest Rates Telecommuting," the Springs came in No. 9. As U.S. News measured it, the list consisted of "the 10 most populous metro areas with the highest percentage of people who work from home at least half the time."

Austin, Texas, topped the list, followed by Boise, Idaho; Santa Rosa, Calif.; San Diego; Portland, Ore.; Denver; San Francisco; Phoenix; Colorado Springs; and Portland, Maine.

This attribute of our city, I suppose, is not strongly positive or negative. And the percentages aren't huge - for the Springs, just 5.7 percent telecommute.



Read more on Colorado Springs Gazette


]]>
Tue, 17 Jan 2017 17:44:31 -0700
<![CDATA[Dirty money: How Tough Mudders and 'Ninja Warrior' turned primal fears into big business]]> http://gazette.com/dirty-money-how-tough-mudders-and-ninja-warrior-turned-primal-fears-into-big-business/article/1594520?custom_click=rss http://gazette.com/dirty-money-how-tough-mudders-and-ninja-warrior-turned-primal-fears-into-big-business/article/1594520?custom_click=rss

Obstacle course racing is a $500 million business.

The number of races increased by 2,300 from 2014 to 2015, according to Running USA. "American Ninja Warrior," the popular obstacle course show on NBC, has seen applications to compete rise from 1,000 in its first season to 70,000 in its eighth.

A British man who goes by the name Mr. Mouse was the first obstacle course race creator with his Tough Guy competitions in the late 1980s. Obstacle course racing, or OCR, caught on in the U.S. within the past decade. Competitors typically pay $50 to $150 to slog through mud, climb nearly vertical walls, feel like they're being waterboarded, wade through ice baths and even get electrocuted, all while covering several miles, often as



Read more on Colorado Springs Gazette


]]>
Tue, 17 Jan 2017 16:46:27 -0700
<![CDATA[Colorado Springs Movers & Shakers: Scott Hutton]]> http://gazette.com/colorado-springs-movers-shakers-scott-hutton/article/1594560?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-scott-hutton/article/1594560?custom_click=rss

The Spectranetics Corp. has announced that Scott Hutton has been named general manager for vascular intervention. He will report directly to President and CEO Scott Drake.

Hutton spent the past 16 years with Medtronic, most recently leading the neurosurgery business unit as the vice president and general manager.



Read more on Colorado Springs Gazette


]]>
Tue, 17 Jan 2017 15:55:16 -0700
<![CDATA[British business alarmed by May's plan to quit single market]]> http://gazette.com/british-business-alarmed-by-mays-plan-to-quit-single-market/article/1594561?custom_click=rss http://gazette.com/british-business-alarmed-by-mays-plan-to-quit-single-market/article/1594561?custom_click=rss U.K. business leaders reacted with alarm to Prime Minister Theresa May's plan to leave the European Union's single market, saying it clouds the future of Britain's most important trading relationship.

May said she will sacrifice membership of the EU's tariff-free zone in return for the ability to curb immigration and assert Britain's sovereignty. In a speech Tuesday, she said she'd try to smooth the exit by applying European rules until new laws are approved while seeking a free-trade agreement with the EU and a "phased" implementation of the new rules.

"Today the prime minister changed the landscape," said Carolyn Fairbairn, director-general of the Confederation of British Industry lobby group, in a statement.



Read more on Colorado Springs Gazette


]]>
Tue, 17 Jan 2017 15:50:32 -0700