<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Thu, 30 Oct 2014 12:25:58 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[US turns up heat on Takata over air bag problem]]> http://gazette.com/us-turns-up-heat-on-takata-over-air-bag-problem/article/feed/173447?custom_click=rss http://gazette.com/us-turns-up-heat-on-takata-over-air-bag-problem/article/feed/173447?custom_click=rss DETROIT (AP) — U.S. safety regulators are now playing hardball with Takata Corp. as they investigate a possibly deadly defect in some of the Japanese company's air bags.

Regulators are ordering Takata to provide reams of information about air bags that can explode with too much force, blowing apart canisters and sending metal shards into drivers and passengers.

An order sent Thursday to Takata demands information on production mistakes and lawsuit settlements, as well as any information on deaths or injuries that the company has received.

Ten automakers have recalled nearly 8 million vehicles equipped with potentially faulty Takata air bag inflators. Safety advocates say the problem has caused four fatalities.

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]]> DETROIT (AP) — U.S. safety regulators are now playing hardball with Takata Corp. as they investigate a possibly deadly defect in some of the Japanese company's air bags.

Regulators are ordering Takata to provide reams of information about air bags that can explode with too much force, blowing apart canisters and sending metal shards into drivers and passengers.

An order sent Thursday to Takata demands information on production mistakes and lawsuit settlements, as well as any information on deaths or injuries that the company has received.

Ten automakers have recalled nearly 8 million vehicles equipped with potentially faulty Takata air bag inflators. Safety advocates say the problem has caused four fatalities.]]> Thu, 30 Oct 2014 13:15:57 -0600 <![CDATA[US stocks turn higher in afternoon trading]]> http://gazette.com/us-stocks-turn-higher-in-afternoon-trading/article/feed/173274?custom_click=rss http://gazette.com/us-stocks-turn-higher-in-afternoon-trading/article/feed/173274?custom_click=rss

NEW YORK (AP) — U.S. stocks edged higher Thursday as Visa, MasterCard and other big companies turned in stronger quarterly results. The Dow Jones industrial average climbed more than 100 points, thanks largely to Visa, the Dow's highest-priced stock.

KEEPING SCORE: The Standard & Poor's 500 index picked up seven points, or 0.4 percent, to 1,990 as of 1:34 p.m. Eastern time. The Nasdaq composite rose 16 points, or 0.4 percent, to 4,564. The Dow Jones industrial average rose 176 points, or 1 percent, at 17,150.

MORE GROWTH: The U.S. economy grew at an annual rate of 3.5 percent in the three months ending in September, powered by more business investment, sales abroad and the biggest jump in military spending in five years.

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]]> NEW YORK (AP) — U.S. stocks edged higher Thursday as Visa, MasterCard and other big companies turned in stronger quarterly results. The Dow Jones industrial average climbed more than 100 points, thanks largely to Visa, the Dow's highest-priced stock.

KEEPING SCORE: The Standard & Poor's 500 index picked up seven points, or 0.4 percent, to 1,990 as of 1:34 p.m. Eastern time. The Nasdaq composite rose 16 points, or 0.4 percent, to 4,564. The Dow Jones industrial average rose 176 points, or 1 percent, at 17,150.

MORE GROWTH: The U.S. economy grew at an annual rate of 3.5 percent in the three months ending in September, powered by more business investment, sales abroad and the biggest jump in military spending in five years.]]> Thu, 30 Oct 2014 13:15:39 -0600 <![CDATA[Settlement reached in 2009 New York plane crash]]> http://gazette.com/settlement-reached-in-2009-new-york-plane-crash/article/feed/173438?custom_click=rss http://gazette.com/settlement-reached-in-2009-new-york-plane-crash/article/feed/173438?custom_click=rss BUFFALO, N.Y. (AP) — A settlement has been reached in the only case to go to trial following a 2009 plane crash into a home outside Buffalo, New York that killed 50 people.

The deal was announced Thursday in state Supreme Court in Buffalo after more than a month of testimony.

The wrongful death case was brought by the family of Douglas Wielinski (wil-IHN'-skee) against Continental Airlines, regional carrier Colgan Air and Colgan parent, Pinnacle Airlines, which operated Continental Connection Flight 3407. The commuter flight crashed into the Wielinskis' home in the suburb of Clarence on Feb. 12, 2009, killing 61-year-old Douglas Wielinski and all 49 people on the plane.

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]]> BUFFALO, N.Y. (AP) — A settlement has been reached in the only case to go to trial following a 2009 plane crash into a home outside Buffalo, New York that killed 50 people.

The deal was announced Thursday in state Supreme Court in Buffalo after more than a month of testimony.

The wrongful death case was brought by the family of Douglas Wielinski (wil-IHN'-skee) against Continental Airlines, regional carrier Colgan Air and Colgan parent, Pinnacle Airlines, which operated Continental Connection Flight 3407. The commuter flight crashed into the Wielinskis' home in the suburb of Clarence on Feb. 12, 2009, killing 61-year-old Douglas Wielinski and all 49 people on the plane.]]> Thu, 30 Oct 2014 13:15:34 -0600 <![CDATA[Not so sweet: Chocolate prices are set to rise]]> http://gazette.com/not-so-sweet-chocolate-prices-are-set-to-rise/article/feed/173433?custom_click=rss http://gazette.com/not-so-sweet-chocolate-prices-are-set-to-rise/article/feed/173433?custom_click=rss

NEW YORK (AP) — That bowl of chocolates for ninjas and ghosts won't cost you more this Halloween. Picking the perfect sweet for your Valentine could.

The cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. And it's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.

Here are the global trends putting pressure on the confection:

PRICIER INGREDIENTS

Hershey and Mars, which together account for about two-thirds of U.S. chocolate sales, are hiking prices. Hershey cited the rising cost of cocoa, dairy and nuts when it announced an 8 percent increase in the average wholesale p

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]]> NEW YORK (AP) — That bowl of chocolates for ninjas and ghosts won't cost you more this Halloween. Picking the perfect sweet for your Valentine could.

The cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. And it's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.

Here are the global trends putting pressure on the confection:

PRICIER INGREDIENTS

Hershey and Mars, which together account for about two-thirds of U.S. chocolate sales, are hiking prices. Hershey cited the rising cost of cocoa, dairy and nuts when it announced an 8 percent increase in the average wholesale p]]> Thu, 30 Oct 2014 13:15:34 -0600 <![CDATA[California city faces key ruling on bankruptcy]]> http://gazette.com/california-city-faces-key-ruling-on-bankruptcy/article/feed/173273?custom_click=rss http://gazette.com/california-city-faces-key-ruling-on-bankruptcy/article/feed/173273?custom_click=rss

SACRAMENTO, Calif. (AP) — Residents in the California city of Stockton will likely learn Thursday if they can put more than two years of financial uncertainty behind them.

Marking a critical moment in the bankrupt city's financial recovery, Stockton will ask U.S. Bankruptcy Judge Christopher Klein to approve a plan for reorganizing more than $900 million in long-term debt over objections from a lone creditor who says it was treated unfairly.

Franklin Templeton Investments argues the city isn't touching a massive employee pension fund but is asking the investment firm to walk away from collecting on nearly $32.5 million still owed.

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]]> SACRAMENTO, Calif. (AP) — Residents in the California city of Stockton will likely learn Thursday if they can put more than two years of financial uncertainty behind them.

Marking a critical moment in the bankrupt city's financial recovery, Stockton will ask U.S. Bankruptcy Judge Christopher Klein to approve a plan for reorganizing more than $900 million in long-term debt over objections from a lone creditor who says it was treated unfairly.

Franklin Templeton Investments argues the city isn't touching a massive employee pension fund but is asking the investment firm to walk away from collecting on nearly $32.5 million still owed.]]> Thu, 30 Oct 2014 13:15:30 -0600 <![CDATA[The New York Times shares decline on ad outlook]]> http://gazette.com/the-new-york-times-shares-decline-on-ad-outlook/article/feed/173411?custom_click=rss http://gazette.com/the-new-york-times-shares-decline-on-ad-outlook/article/feed/173411?custom_click=rss NEW YORK (AP) — Shares of The New York Times Co. slid Thursday after the newspaper publisher predicted that advertising revenue would drop in the current quarter.

The New York-based company expects that ad sales will drop by a "mid-single" digit percentage in the October-December period. In the July-September quarter, ad revenue fell just 0.1 percent. The New York Times' print advertising revenue continues to decline, like it is at most other newspapers, as readers and advertisers migrate online.

Shares of The New York Times Co. fell 82 cents, or 6.1 percent, to $12.58 in afternoon trading.

The company touted its online strength in the third quarter. Digital advertising revenue increased 16.5 percent, as print adverti

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]]> NEW YORK (AP) — Shares of The New York Times Co. slid Thursday after the newspaper publisher predicted that advertising revenue would drop in the current quarter.

The New York-based company expects that ad sales will drop by a "mid-single" digit percentage in the October-December period. In the July-September quarter, ad revenue fell just 0.1 percent. The New York Times' print advertising revenue continues to decline, like it is at most other newspapers, as readers and advertisers migrate online.

Shares of The New York Times Co. fell 82 cents, or 6.1 percent, to $12.58 in afternoon trading.

The company touted its online strength in the third quarter. Digital advertising revenue increased 16.5 percent, as print adverti]]> Thu, 30 Oct 2014 13:15:25 -0600 <![CDATA[How to avoid Amazon and still get deals]]> http://gazette.com/how-to-avoid-amazon-and-still-get-deals/article/feed/173432?custom_click=rss http://gazette.com/how-to-avoid-amazon-and-still-get-deals/article/feed/173432?custom_click=rss

NEW YORK (AP) — Amazon has a place in many Americans' lives because of its low prices and seemingly endless array of goods. But Amazon — which commands about 20 percent of all U.S. e-commerce — has its own problems, too.

German workers are striking to unionize, its dealings with publishers such as Hachette and media companies such as Time Warner have been criticized as bullying, and some injuries and at least one death at U.S. distribution centers have drawn a federal investigation and questions about how well it and its staffing contractors treat workers.

Some shoppers have decided it's time to throw in the towel.

But how? If you're searching online for anything from beauty products to books, the largest U.S. ret

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]]> NEW YORK (AP) — Amazon has a place in many Americans' lives because of its low prices and seemingly endless array of goods. But Amazon — which commands about 20 percent of all U.S. e-commerce — has its own problems, too.

German workers are striking to unionize, its dealings with publishers such as Hachette and media companies such as Time Warner have been criticized as bullying, and some injuries and at least one death at U.S. distribution centers have drawn a federal investigation and questions about how well it and its staffing contractors treat workers.

Some shoppers have decided it's time to throw in the towel.

But how? If you're searching online for anything from beauty products to books, the largest U.S. ret]]> Thu, 30 Oct 2014 13:15:25 -0600 <![CDATA[US average rate on 30-year home loan 3.98 percent]]> http://gazette.com/us-average-rate-on-30-year-home-loan-3.98-percent/article/feed/173454?custom_click=rss http://gazette.com/us-average-rate-on-30-year-home-loan-3.98-percent/article/feed/173454?custom_click=rss Average U.S. mortgage rates halted their five-week decline this week but the benchmark 30-year loan remained below 4 percent.

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]]>
Average U.S. mortgage rates halted their five-week decline this week but the benchmark 30-year loan remained below 4 percent.]]> Thu, 30 Oct 2014 13:15:25 -0600
<![CDATA[Alpha Natural Resources 3Q results top Street]]> http://gazette.com/alpha-natural-resources-3q-results-top-street/article/feed/173332?custom_click=rss http://gazette.com/alpha-natural-resources-3q-results-top-street/article/feed/173332?custom_click=rss BRISTOL, Va. (AP) — Alpha Natural Resources' third-quarter loss narrowed, helped by reduced costs.

The coal producer's performance topped analysts' estimates.

Alpha Natural Resources lost $185 million, or 84 cents per share, for the three months ended Sept. 30. That compares with a loss of $458.2 million, or $2.07 per share, a year ago.

Stripping out certain items, it lost 53 cents per share.

Analysts surveyed by Zacks Investment Research expected a bigger loss of 71 cents per share.

Total costs and expenses fell to $1.22 billion from $1.74 billion.

Revenue dropped 12 percent to $1.05 billion from $1.19 billion as coal revenue declined partly on lower shipments of metallurgical and Powder River Basin

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]]> BRISTOL, Va. (AP) — Alpha Natural Resources' third-quarter loss narrowed, helped by reduced costs.

The coal producer's performance topped analysts' estimates.

Alpha Natural Resources lost $185 million, or 84 cents per share, for the three months ended Sept. 30. That compares with a loss of $458.2 million, or $2.07 per share, a year ago.

Stripping out certain items, it lost 53 cents per share.

Analysts surveyed by Zacks Investment Research expected a bigger loss of 71 cents per share.

Total costs and expenses fell to $1.22 billion from $1.74 billion.

Revenue dropped 12 percent to $1.05 billion from $1.19 billion as coal revenue declined partly on lower shipments of metallurgical and Powder River Basin]]> Thu, 30 Oct 2014 13:00:58 -0600 <![CDATA[Harold Gary Morse, developer of The Villages, dies]]> http://gazette.com/harold-gary-morse-developer-of-the-villages-dies/article/feed/173409?custom_click=rss http://gazette.com/harold-gary-morse-developer-of-the-villages-dies/article/feed/173409?custom_click=rss THE VILLAGES, Fla. (AP) — Harold Gary Morse, the developer of one of the world's largest retirement communities and one of the biggest Republican donors in Florida, has died. He was 77.

Morse died Wednesday, according to The Villages Daily Sun, which received a statement from the family. No cause of death was given.

Morse took over a small mobile home park in central Florida from his father in 1983, when it had just 386 manufactured homes, a clubhouse and a few shuffleboard courts. The U.S. Census Bureau says The Villages is now one of the nation's fastest-growing communities. In March, The Villages topped the list of fastest-growing metro areas. It grew by 5.2 percent between 2012 and 2013 and now has a population just shy

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]]> THE VILLAGES, Fla. (AP) — Harold Gary Morse, the developer of one of the world's largest retirement communities and one of the biggest Republican donors in Florida, has died. He was 77.

Morse died Wednesday, according to The Villages Daily Sun, which received a statement from the family. No cause of death was given.

Morse took over a small mobile home park in central Florida from his father in 1983, when it had just 386 manufactured homes, a clubhouse and a few shuffleboard courts. The U.S. Census Bureau says The Villages is now one of the nation's fastest-growing communities. In March, The Villages topped the list of fastest-growing metro areas. It grew by 5.2 percent between 2012 and 2013 and now has a population just shy]]> Thu, 30 Oct 2014 12:46:21 -0600 <![CDATA[For-profit programs face 'gainful employment' rule]]> http://gazette.com/for-profit-programs-face-gainful-employment-rule/article/feed/173228?custom_click=rss http://gazette.com/for-profit-programs-face-gainful-employment-rule/article/feed/173228?custom_click=rss WASHINGTON (AP) — For-profit colleges with graduates unable to pay back their student loans could soon face scrutiny by the federal government.

Schools with career-oriented programs that fail to comply with the new rule announced Thursday by the Obama administration stand to lose access to federal student-aid programs.

To meet these "gainful employment" standards, a program will have to show that the estimated annual loan payment of a typical graduate does not exceed 20 percent of his or her discretionary income or 8 percent of total earnings.

The Education Department estimates that about 1,400 programs serving 840,000 students won't pass.

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]]> WASHINGTON (AP) — For-profit colleges with graduates unable to pay back their student loans could soon face scrutiny by the federal government.

Schools with career-oriented programs that fail to comply with the new rule announced Thursday by the Obama administration stand to lose access to federal student-aid programs.

To meet these "gainful employment" standards, a program will have to show that the estimated annual loan payment of a typical graduate does not exceed 20 percent of his or her discretionary income or 8 percent of total earnings.

The Education Department estimates that about 1,400 programs serving 840,000 students won't pass.]]> Thu, 30 Oct 2014 12:32:46 -0600 <![CDATA[MGM Resorts reports 3Q loss from casinos, expenses]]> http://gazette.com/mgm-resorts-reports-3q-loss-from-casinos-expenses/article/feed/173417?custom_click=rss http://gazette.com/mgm-resorts-reports-3q-loss-from-casinos-expenses/article/feed/173417?custom_click=rss LAS VEGAS (AP) — MGM Resorts International says it earned less from its table games in the third quarter, compounding losses it expected as it re-opened the Delano at Mandalay Bay and spruced up the area leading up to the Monte Carlo.

MGM reported a quarterly loss of $20.3 million, or 4 cents per share, a slight improvement compared to the $22.3 million loss reported last year. Losses, adjusted for non-recurring costs, were 2 cents per share.

Gambling in Macau has been challenging industrywide, but as with other properties MGM says its MGM China got a boost from regular gamblers as high-rollers dropped off.

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]]> LAS VEGAS (AP) — MGM Resorts International says it earned less from its table games in the third quarter, compounding losses it expected as it re-opened the Delano at Mandalay Bay and spruced up the area leading up to the Monte Carlo.

MGM reported a quarterly loss of $20.3 million, or 4 cents per share, a slight improvement compared to the $22.3 million loss reported last year. Losses, adjusted for non-recurring costs, were 2 cents per share.

Gambling in Macau has been challenging industrywide, but as with other properties MGM says its MGM China got a boost from regular gamblers as high-rollers dropped off.]]> Thu, 30 Oct 2014 12:31:11 -0600 <![CDATA[FTC sues Gerber over claims on infant formula]]> http://gazette.com/ftc-sues-gerber-over-claims-on-infant-formula/article/feed/173393?custom_click=rss http://gazette.com/ftc-sues-gerber-over-claims-on-infant-formula/article/feed/173393?custom_click=rss WASHINGTON (AP) — Federal regulators announced Thursday they were suing Gerber, the well-known baby food maker, for claiming that its Good Start Gentle formula can prevent or reduce allergies in children.

That claim is bogus, and the company misled consumers by suggesting that its formula was the first to meet government approval for reducing the risk of allergies, the Federal Trade Commission alleged in a complaint filed in federal court. The FTC says it wants Gerber to pull its claim from formula labels and advertisements. And according to the complaint, it's possible that at some point the FTC will ask the court to require that Gerber issue consumer refunds for the $20-plus packages sold since 2011.

Gerber Products Co.

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]]> WASHINGTON (AP) — Federal regulators announced Thursday they were suing Gerber, the well-known baby food maker, for claiming that its Good Start Gentle formula can prevent or reduce allergies in children.

That claim is bogus, and the company misled consumers by suggesting that its formula was the first to meet government approval for reducing the risk of allergies, the Federal Trade Commission alleged in a complaint filed in federal court. The FTC says it wants Gerber to pull its claim from formula labels and advertisements. And according to the complaint, it's possible that at some point the FTC will ask the court to require that Gerber issue consumer refunds for the $20-plus packages sold since 2011.

Gerber Products Co.]]> Thu, 30 Oct 2014 12:20:16 -0600 <![CDATA[Big gain in Visa drives Dow average higher]]> http://gazette.com/big-gain-in-visa-drives-dow-average-higher/article/feed/173410?custom_click=rss http://gazette.com/big-gain-in-visa-drives-dow-average-higher/article/feed/173410?custom_click=rss

NEW YORK (AP) — U.S. stock indexes are mostly higher as a parade of big companies turn in quarterly results.

The Dow Jones industrial average climbed more than 150 points as of midday Thursday, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock.

The Standard & Poor's 500 index rose five points to 1,987 as of noon Eastern time. The Nasdaq composite fell four points, or 0.1 percent, to 4,545.

The Dow Jones industrial average rose 150 points, or 0.9 percent, to 17,125.

Visa announced earnings late Wednesday that beat analysts' expectations. The company also announced a big share buyback program.

Auto parts maker BorgWarner dropped 5' percent after reporting results that missed an

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]]> NEW YORK (AP) — U.S. stock indexes are mostly higher as a parade of big companies turn in quarterly results.

The Dow Jones industrial average climbed more than 150 points as of midday Thursday, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock.

The Standard & Poor's 500 index rose five points to 1,987 as of noon Eastern time. The Nasdaq composite fell four points, or 0.1 percent, to 4,545.

The Dow Jones industrial average rose 150 points, or 0.9 percent, to 17,125.

Visa announced earnings late Wednesday that beat analysts' expectations. The company also announced a big share buyback program.

Auto parts maker BorgWarner dropped 5' percent after reporting results that missed an]]> Thu, 30 Oct 2014 12:16:05 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1540479?custom_click=rss http://gazette.com/movers-shakers/article/1540479?custom_click=rss

James Proby has joined the Pikes Peak Workforce Center as the team lead for the Business Relations Group. He'll be responsible for business services and connecting businesses with resources to assist them in hiring. A Colorado Springs native, he has worked at New Horizons Computer Learning Centers, Everest College and The Urban League, and as a managing partner of Sticks Billiards.

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]]> James Proby has joined the Pikes Peak Workforce Center as the team lead for the Business Relations Group. He'll be responsible for business services and connecting businesses with resources to assist them in hiring. A Colorado Springs native, he has worked at New Horizons Computer Learning Centers, Everest College and The Urban League, and as a managing partner of Sticks Billiards.]]> Thu, 30 Oct 2014 12:00:02 -0600 <![CDATA[Applications for US jobless aid tick up to 287,000]]> http://gazette.com/applications-for-us-jobless-aid-tick-up-to-287000/article/feed/173335?custom_click=rss http://gazette.com/applications-for-us-jobless-aid-tick-up-to-287000/article/feed/173335?custom_click=rss

WASHINGTON (AP) — The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.

Weekly applications increased 3,000 to a seasonally adjusted 287,000, the Labor Department said Thursday. The four-week average, a less volatile measure, declined 250 to 281,000, the lowest level in more than 14 years.

Applications are a proxy for layoffs and have fallen 20 percent in the past year. Faster growth has encouraged companies to hold onto their staffs and step up hiring. Employers are adding jobs at the healthiest pace in eight years.

That is contributing to faster growth: The economy expanded at a solid annual rate of 3.

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]]> WASHINGTON (AP) — The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.

Weekly applications increased 3,000 to a seasonally adjusted 287,000, the Labor Department said Thursday. The four-week average, a less volatile measure, declined 250 to 281,000, the lowest level in more than 14 years.

Applications are a proxy for layoffs and have fallen 20 percent in the past year. Faster growth has encouraged companies to hold onto their staffs and step up hiring. Employers are adding jobs at the healthiest pace in eight years.

That is contributing to faster growth: The economy expanded at a solid annual rate of 3.]]> Thu, 30 Oct 2014 11:45:32 -0600 <![CDATA[Apple CEO Tim Cook: 'I'm proud to be gay']]> Associated Press http://gazette.com/apple-ceo-tim-cook-im-proud-to-be-gay/article/1540467?custom_click=rss http://gazette.com/apple-ceo-tim-cook-im-proud-to-be-gay/article/1540467?custom_click=rss

NEW YORK — Apple CEO Tim Cook says he's proud to be gay.

The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out.

Cook said that while he never denied his sexuality, he never publicly acknowledged it, either. The executive said that for years he's been open with many people about his sexual orientation and that plenty of his Apple colleagues know he is gay.

Cook wrote in the column published Thursday that it wasn't an easy choice to publicly disclose that he is gay, but that he felt the acknowledgement could potentially help others.

"I've come to realize that my desire for personal privacy has been holding me back from doing



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]]>
NEW YORK — Apple CEO Tim Cook says he's proud to be gay.

The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out.

Cook said that while he never denied his sexuality, he never publicly acknowledged it, either. The executive said that for years he's been open with many people about his sexual orientation and that plenty of his Apple colleagues know he is gay.

Cook wrote in the column published Thursday that it wasn't an easy choice to publicly disclose that he is gay, but that he felt the acknowledgement could potentially help others.

"I've come to realize that my desire for personal privacy has been holding me back from doing

]]>
Thu, 30 Oct 2014 06:19:33 -0600
<![CDATA[Who will design and build Colorado Springs' Olympic Museum?]]> By rich laden rich.laden@gazette.com - http://gazette.com/who-will-design-and-build-colorado-springs-olympic-museum/article/1540320?custom_click=rss http://gazette.com/who-will-design-and-build-colorado-springs-olympic-museum/article/1540320?custom_click=rss

U.S. Olympic Museum organizers announced Monday that five firms with local, national and international experience will design and build the $60 million project in downtown Colorado Springs.

The team's creativity, ability to work together and to stay within budget will be crucial to the museum's success and the enhancement of the southwest downtown area where it will be built, said Dick Celeste, president of the nonprofit museum's board and former Colorado College president.

The museum is part of the $250.6 million City for Champions tourism initiative - four projects proposed by civic and business leaders designed to attract visitors to town and pump millions into the economy.



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]]>
U.S. Olympic Museum organizers announced Monday that five firms with local, national and international experience will design and build the $60 million project in downtown Colorado Springs.

The team's creativity, ability to work together and to stay within budget will be crucial to the museum's success and the enhancement of the southwest downtown area where it will be built, said Dick Celeste, president of the nonprofit museum's board and former Colorado College president.

The museum is part of the $250.6 million City for Champions tourism initiative - four projects proposed by civic and business leaders designed to attract visitors to town and pump millions into the economy.

]]>
Wed, 29 Oct 2014 20:37:55 -0600
<![CDATA[ESSENTIALS: Business briefs from the Pikes Peak region]]> By name newspaper - http://gazette.com/essentials-business-briefs-from-the-pikes-peak-region/article/1540447?custom_click=rss http://gazette.com/essentials-business-briefs-from-the-pikes-peak-region/article/1540447?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.]]> Wed, 29 Oct 2014 19:35:33 -0600 <![CDATA[MONEY & THE LAW: Research vehicle service contracts before buying one]]> By JIM FLYNN - http://gazette.com/money-the-law-research-vehicle-service-contracts-before-buying-one/article/1540446?custom_click=rss http://gazette.com/money-the-law-research-vehicle-service-contracts-before-buying-one/article/1540446?custom_click=rss

Although cars and trucks have become more reliable in recent years, they are not immortal. This invites a discussion of "extended warranties," more correctly called "motor vehicle service contracts" under Colorado law.

Motor vehicle service contracts are not, in fact, warranties because they don't come from the manufacturer or seller of the vehicle. And they're not insurance policies because they aren't issued by insurance companies. Rather, they are contracts between a vehicle owner and a company that agrees, for a fee, to take on the risk of mechanical breakdown after a vehicle is no longer covered by a manufacturer's warranty.

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]]> Although cars and trucks have become more reliable in recent years, they are not immortal. This invites a discussion of "extended warranties," more correctly called "motor vehicle service contracts" under Colorado law.

Motor vehicle service contracts are not, in fact, warranties because they don't come from the manufacturer or seller of the vehicle. And they're not insurance policies because they aren't issued by insurance companies. Rather, they are contracts between a vehicle owner and a company that agrees, for a fee, to take on the risk of mechanical breakdown after a vehicle is no longer covered by a manufacturer's warranty.]]> Wed, 29 Oct 2014 19:35:18 -0600 <![CDATA[IT'S YOUR MONEY: Determine your 'money personality' to make smarter choices]]> By LINDA leitz - http://gazette.com/its-your-money-determine-your-money-personality-to-make-smarter-choices/article/1540445?custom_click=rss http://gazette.com/its-your-money-determine-your-money-personality-to-make-smarter-choices/article/1540445?custom_click=rss

Each of us has a unique way of thinking about money. Knowing how you approach finances can help you know what type of less-than-optimal decisions you might be likely to make. This column will look at money personalities from the perspective of Bert Whitehead, a pioneer in the financial planning profession, and part of the core philosophy of the Alliance of Comprehensive Planners (www.acplanners.org).

To start evaluating your money personality, draw a square and label the vertical lines "risk" and the horizontal lines saving/spending. (See accompanying chart.) High risk is at the top of the vertical lines and low risk at the bottom.

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]]> Each of us has a unique way of thinking about money. Knowing how you approach finances can help you know what type of less-than-optimal decisions you might be likely to make. This column will look at money personalities from the perspective of Bert Whitehead, a pioneer in the financial planning profession, and part of the core philosophy of the Alliance of Comprehensive Planners (www.acplanners.org).

To start evaluating your money personality, draw a square and label the vertical lines "risk" and the horizontal lines saving/spending. (See accompanying chart.) High risk is at the top of the vertical lines and low risk at the bottom.]]> Wed, 29 Oct 2014 19:35:02 -0600 <![CDATA[Durango Mountain Resort agrees to sale]]> The Associated Press http://gazette.com/durango-mountain-resort-agrees-to-sale/article/1540443?custom_click=rss http://gazette.com/durango-mountain-resort-agrees-to-sale/article/1540443?custom_click=rss

Durango Mountain Resort agrees to sale 

DURANGO — Durango Mountain Resort, also known as Purgatory, is being sold to a local resident and businessman, its owners announced Wednesday.

The Durango Herald reported (http://bit.ly/1tiaSt4 ) the resort will be sold to James Coleman, who also owns Sipapu Ski and Summer Resort south of Taos, New Mexico, and has an ownership interest in Pajarito Mountain Ski Area in Los Alamos, New Mexico. The owners also announced Coleman is in the process of acquiring Arizona Snowbowl in Flagstaff.

Durango Mountain Resort will join the three smaller resorts in a company that has yet to be named, and the resort's management, including CEO Gary Derck, will remain in place.



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]]>
Durango Mountain Resort agrees to sale 

DURANGO — Durango Mountain Resort, also known as Purgatory, is being sold to a local resident and businessman, its owners announced Wednesday.

The Durango Herald reported (http://bit.ly/1tiaSt4 ) the resort will be sold to James Coleman, who also owns Sipapu Ski and Summer Resort south of Taos, New Mexico, and has an ownership interest in Pajarito Mountain Ski Area in Los Alamos, New Mexico. The owners also announced Coleman is in the process of acquiring Arizona Snowbowl in Flagstaff.

Durango Mountain Resort will join the three smaller resorts in a company that has yet to be named, and the resort's management, including CEO Gary Derck, will remain in place.

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Wed, 29 Oct 2014 19:22:50 -0600
<![CDATA[Colorado Springs unemployment, job growth figures give mixed signals -- but are they right?]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/colorado-springs-unemployment-job-growth-figures-give-mixed-signals-but-are-they-right/article/1540436?custom_click=rss http://gazette.com/colorado-springs-unemployment-job-growth-figures-give-mixed-signals-but-are-they-right/article/1540436?custom_click=rss At first blush, the latest job numbers for the Colorado Springs area seem alarming.

While the local unemployment rate in September fell to a six-year low of 5.8 percent, which is good news, the drop was the product of a 2,000-person decline in the labor force between August and September - the biggest monthly drop in the area's labor force since August 2001.

To make matters worse, the numbers also indicate that area payrolls in September declined compared with the same month a year earlier, the first time that's happened in four years. But that's not the whole story.

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]]> At first blush, the latest job numbers for the Colorado Springs area seem alarming.

While the local unemployment rate in September fell to a six-year low of 5.8 percent, which is good news, the drop was the product of a 2,000-person decline in the labor force between August and September - the biggest monthly drop in the area's labor force since August 2001.

To make matters worse, the numbers also indicate that area payrolls in September declined compared with the same month a year earlier, the first time that's happened in four years. But that's not the whole story.]]> Wed, 29 Oct 2014 17:30:02 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1540426?custom_click=rss http://gazette.com/movers-shakers/article/1540426?custom_click=rss

Former Colorado Springs City Council member Lisa Czelatdko has joined Quantum Commercial Group as a licensed broker associate. She is specializing in medical office and office sales and leasing.

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


]]> Former Colorado Springs City Council member Lisa Czelatdko has joined Quantum Commercial Group as a licensed broker associate. She is specializing in medical office and office sales and leasing.

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, 29 Oct 2014 14:45:02 -0600 <![CDATA[Loft in downtown Colorado Springs has million-dollar view — and bigger price tag]]> By stephen hobbs stephen.hobbs@gazette.com - http://gazette.com/loft-in-downtown-colorado-springs-has-million-dollar-view-and-bigger-price-tag/article/1540222?custom_click=rss http://gazette.com/loft-in-downtown-colorado-springs-has-million-dollar-view-and-bigger-price-tag/article/1540222?custom_click=rss

A loft in downtown Colorado Springs is on the market for $1.1 million, and if it goes for the full amount, it would be the most expensive condominium to sell downtown.

It may seem to be a sign that the cost of living in the city's core - already on the higher end for condos in Colorado Springs - is trending even higher.

But that, apparently, is not the case. Local real estate agents say the residence is the exception, not the norm, and that its price tag fits with what the place has to offer. The 2,600-square-foot penthouse in the historic Giddings Lofts building at 101 N. Tejon St. has a private rooftop, a wine room and a gourmet kitchen, as well as storage and access to garage space, something that not all have.



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]]>
A loft in downtown Colorado Springs is on the market for $1.1 million, and if it goes for the full amount, it would be the most expensive condominium to sell downtown.

It may seem to be a sign that the cost of living in the city's core - already on the higher end for condos in Colorado Springs - is trending even higher.

But that, apparently, is not the case. Local real estate agents say the residence is the exception, not the norm, and that its price tag fits with what the place has to offer. The 2,600-square-foot penthouse in the historic Giddings Lofts building at 101 N. Tejon St. has a private rooftop, a wine room and a gourmet kitchen, as well as storage and access to garage space, something that not all have.

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Tue, 28 Oct 2014 18:47:29 -0600
<![CDATA[Verizon job cuts in the U.S. hits some Colorado Springs workers]]> By rich laden rich.laden@gazette.com - http://gazette.com/verizon-job-cuts-in-the-u.s.-hits-some-colorado-springs-workers/article/1540373?custom_click=rss http://gazette.com/verizon-job-cuts-in-the-u.s.-hits-some-colorado-springs-workers/article/1540373?custom_click=rss

Verizon is laying off fewer than 10 people at its Colorado Springs software development and network operations center, which has about 800 employees, a company spokesman said Tuesday.

Job cuts are taking place nationwide in the company's information technology workforce, and aren't concentrated in any one location, said spokesman Ray McConville. He said he couldn't specify the number of losses in the Springs, other than to say it's "in the single digits."

Laid-off employees will receive severance packages and are eligible to apply for jobs elsewhere within Verizon.

Employees were notified Oct. 9; the jobs will be eliminated from payrolls effective Nov. 7. Verizon also laid off workers in the Springs in July, saying at



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]]>
Verizon is laying off fewer than 10 people at its Colorado Springs software development and network operations center, which has about 800 employees, a company spokesman said Tuesday.

Job cuts are taking place nationwide in the company's information technology workforce, and aren't concentrated in any one location, said spokesman Ray McConville. He said he couldn't specify the number of losses in the Springs, other than to say it's "in the single digits."

Laid-off employees will receive severance packages and are eligible to apply for jobs elsewhere within Verizon.

Employees were notified Oct. 9; the jobs will be eliminated from payrolls effective Nov. 7. Verizon also laid off workers in the Springs in July, saying at

]]>
Tue, 28 Oct 2014 18:25:50 -0600
<![CDATA[Q&A: Santiago 'Jimmy' Mellado, president and CEO of Compassion International]]> By charise simpson Special to The Gazette - http://gazette.com/qa-santiago-jimmy-mellado-president-and-ceo-of-compassion-international/article/1540375?custom_click=rss http://gazette.com/qa-santiago-jimmy-mellado-president-and-ceo-of-compassion-international/article/1540375?custom_click=rss Santiago "Jimmy" Mellado learned about serving the poor at an early age.

He grew up in the developing world of Latin America, where his father worked as an engineer in the civil mechanical industry to build roads, power plants and other projects for under-resourced communities. After the completion of each project, the family would move. By the time he was an adult, he had lived in seven countries and had a unique perspective on the impact someone can have when they help those less fortunate.

Mellado's mother also kept her children close to the plight of the poor. She grew up in Mexico in a dirt-floor house made of tree limbs and mud, unaware that she was poor until she grew up and realized her dream of seeing the world.

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]]> Santiago "Jimmy" Mellado learned about serving the poor at an early age.

He grew up in the developing world of Latin America, where his father worked as an engineer in the civil mechanical industry to build roads, power plants and other projects for under-resourced communities. After the completion of each project, the family would move. By the time he was an adult, he had lived in seven countries and had a unique perspective on the impact someone can have when they help those less fortunate.

Mellado's mother also kept her children close to the plight of the poor. She grew up in Mexico in a dirt-floor house made of tree limbs and mud, unaware that she was poor until she grew up and realized her dream of seeing the world.]]> Tue, 28 Oct 2014 18:10:02 -0600 <![CDATA[Study: USA Pro Challenge '14 brought $130M in spending to Colorado]]> By lance benzel lance.benzel@gazette.com - http://gazette.com/study-usa-pro-challenge-14-brought-130m-in-spending-to-colorado/article/1540346?custom_click=rss http://gazette.com/study-usa-pro-challenge-14-brought-130m-in-spending-to-colorado/article/1540346?custom_click=rss

The USA Pro Challenge, a seven-day professional cycling race, brought an estimated $130 million in spending to Colorado in August, according to a study commissioned by the race organizer.

Sponsorship Science, a sports research firm, said spending from this year's event increased 12 percent from the one in 2013.

"Seeing the enthusiasm and passion from the fans lining the streets during the 2014 USA Pro Challenge really gave a sense of the growing support for the sport of cycling in the U.S.," race owner Rick Schaden said in a statement.

The study estimated spending on lodging, food, transportation and entertainment.

The boost is "fantastic" news for cycling and for Colorado, said Dan Grunig of Bicycle Colorado, a

Read more on Colorado Springs Gazette


]]> The USA Pro Challenge, a seven-day professional cycling race, brought an estimated $130 million in spending to Colorado in August, according to a study commissioned by the race organizer.

Sponsorship Science, a sports research firm, said spending from this year's event increased 12 percent from the one in 2013.

"Seeing the enthusiasm and passion from the fans lining the streets during the 2014 USA Pro Challenge really gave a sense of the growing support for the sport of cycling in the U.S.," race owner Rick Schaden said in a statement.

The study estimated spending on lodging, food, transportation and entertainment.

The boost is "fantastic" news for cycling and for Colorado, said Dan Grunig of Bicycle Colorado, a]]> Tue, 28 Oct 2014 17:30:01 -0600 <![CDATA[Marijuana business incubator to open in Denver, courtesy of Colorado Springs company]]> By David Migoya, The Denver Post http://gazette.com/marijuana-business-incubator-to-open-in-denver-courtesy-of-colorado-springs-company/article/1540306?custom_click=rss http://gazette.com/marijuana-business-incubator-to-open-in-denver-courtesy-of-colorado-springs-company/article/1540306?custom_click=rss

A Colorado Springs company that leases property to marijuana growers has acquired a former bank building in south Denver with plans to turn it into the industry's first business incubator.

And if a consortium of marijuana businessmen cobble together the state's first cooperative financial institution, then Advanced Cannabis Solutions hopes to be its first location.

"The idea is for the incubator space on the second floor, but if there's a banking opportunity, that would be explored," CEO Robert Frichtel said. "It's an ample amount of space to do many things."

ACS will relocate to the building within a few months, Frichtel said.

Read more of this story at http://dpo.st/1tAYW5q.



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]]>
A Colorado Springs company that leases property to marijuana growers has acquired a former bank building in south Denver with plans to turn it into the industry's first business incubator.

And if a consortium of marijuana businessmen cobble together the state's first cooperative financial institution, then Advanced Cannabis Solutions hopes to be its first location.

"The idea is for the incubator space on the second floor, but if there's a banking opportunity, that would be explored," CEO Robert Frichtel said. "It's an ample amount of space to do many things."

ACS will relocate to the building within a few months, Frichtel said.

Read more of this story at http://dpo.st/1tAYW5q.

]]>
Tue, 28 Oct 2014 16:17:59 -0600
<![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1540363?custom_click=rss http://gazette.com/movers-shakers/article/1540363?custom_click=rss

Joni Zimmerman has joined TK-Architecture in Colorado Springs as office manager and project administrator. Zimmerman has more than 20 years of experience in the financial and banking industry. She also is serving as secretary of the Pikes Peak chapter of the Construction Specification Institute.


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


]]>
Joni Zimmerman has joined TK-Architecture in Colorado Springs as office manager and project administrator. Zimmerman has more than 20 years of experience in the financial and banking industry. She also is serving as secretary of the Pikes Peak chapter of the Construction Specification Institute.


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.

]]>
Tue, 28 Oct 2014 15:20:01 -0600