<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Fri, 19 Sep 2014 17:59:14 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Astronauts getting 3-D printer at space station]]> http://gazette.com/astronauts-getting-3-d-printer-at-space-station/article/feed/159258?custom_click=rss http://gazette.com/astronauts-getting-3-d-printer-at-space-station/article/feed/159258?custom_click=rss

CAPE CANAVERAL, Fla. (AP) — The 3-D printing boom is about to invade space.

NASA is sending a 3-D printer to the International Space Station in hopes that astronauts will be able to one day fix their spacecraft by cranking out spare parts on the spot.

The printer, made by a Northern California company called Made in Space, is among more than 5,000 pounds of space station cargo that's stuffed into a SpaceX Dragon capsule for a pre-dawn liftoff Saturday.

Besides real-time replacement parts at the station, NASA envisions astronauts, in the decades ahead, making entire habitats at faraway destinations like Mars.

"If we're really going to set up shop on Mars," we have to do this, Jeff Sheehy, NASA's senior technologi

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]]> CAPE CANAVERAL, Fla. (AP) — The 3-D printing boom is about to invade space.

NASA is sending a 3-D printer to the International Space Station in hopes that astronauts will be able to one day fix their spacecraft by cranking out spare parts on the spot.

The printer, made by a Northern California company called Made in Space, is among more than 5,000 pounds of space station cargo that's stuffed into a SpaceX Dragon capsule for a pre-dawn liftoff Saturday.

Besides real-time replacement parts at the station, NASA envisions astronauts, in the decades ahead, making entire habitats at faraway destinations like Mars.

"If we're really going to set up shop on Mars," we have to do this, Jeff Sheehy, NASA's senior technologi]]> Fri, 19 Sep 2014 18:46:20 -0600 <![CDATA[New indictment against ex-BP exec]]> http://gazette.com/new-indictment-against-ex-bp-exec/article/feed/159319?custom_click=rss http://gazette.com/new-indictment-against-ex-bp-exec/article/feed/159319?custom_click=rss NEW ORLEANS (AP) — A federal grand jury has issued a new indictment against a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill.

Friday's superseding indictment makes adjustments to existing obstruction of Congress and false statement charges against David Rainey, who faces a March 9 trial. It follows months of appeals over whether Rainey could be tried on the obstruction charge. Ultimately, an appeals court said that he could.

Prosecutors allege that Rainey — during a May 2010 congressional briefing — failed to disclose information about the rate that oil was spewing from BP's blown-out well following the Deepwater Horizon rig explosion.

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]]> NEW ORLEANS (AP) — A federal grand jury has issued a new indictment against a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill.

Friday's superseding indictment makes adjustments to existing obstruction of Congress and false statement charges against David Rainey, who faces a March 9 trial. It follows months of appeals over whether Rainey could be tried on the obstruction charge. Ultimately, an appeals court said that he could.

Prosecutors allege that Rainey — during a May 2010 congressional briefing — failed to disclose information about the rate that oil was spewing from BP's blown-out well following the Deepwater Horizon rig explosion.]]> Fri, 19 Sep 2014 18:45:33 -0600 <![CDATA[Alibaba stock soars in jubilant trading debut]]> http://gazette.com/alibaba-stock-soars-in-jubilant-trading-debut/article/feed/158889?custom_click=rss http://gazette.com/alibaba-stock-soars-in-jubilant-trading-debut/article/feed/158889?custom_click=rss

NEW YORK (AP) — Alibaba debuted as a publicly traded company Friday and swiftly climbed nearly 40 percent in a mammoth IPO that offered eager investors seemingly unlimited growth potential and a way to tap into the burgeoning Chinese middle class.

The sharp demand for shares sent the market value of the e-commerce giant soaring well beyond that of Amazon, eBay and even Facebook. The initial public offering was on track to be the world's largest, with the possibility of raising as much as $25 billion.

Jubilant CEO Jack Ma stood on the floor of the New York Stock Exchange as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian, rang the opening bell.

"We want to be bigger than Wal-Mart," M

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]]> NEW YORK (AP) — Alibaba debuted as a publicly traded company Friday and swiftly climbed nearly 40 percent in a mammoth IPO that offered eager investors seemingly unlimited growth potential and a way to tap into the burgeoning Chinese middle class.

The sharp demand for shares sent the market value of the e-commerce giant soaring well beyond that of Amazon, eBay and even Facebook. The initial public offering was on track to be the world's largest, with the possibility of raising as much as $25 billion.

Jubilant CEO Jack Ma stood on the floor of the New York Stock Exchange as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian, rang the opening bell.

"We want to be bigger than Wal-Mart," M]]> Fri, 19 Sep 2014 18:30:35 -0600 <![CDATA[Anti-Islamic ads coming to New York transit system]]> http://gazette.com/anti-islamic-ads-coming-to-new-york-transit-system/article/feed/159099?custom_click=rss http://gazette.com/anti-islamic-ads-coming-to-new-york-transit-system/article/feed/159099?custom_click=rss NEW YORK (AP) — Anti-Islamic ads will begin appearing on 100 New York City buses and two subway entrances next week, but transit officials have rejected an ad from the same group that includes the phrase "Killing Jews."

The six approved ads show an image of beheaded American journalist James Foley standing next to his killer.

The ads are paid for by the American Freedom Defense Initiative run by blogger Pamela Geller. She says the campaign highlights points about Islam ignored by government and media.

A court order forces the Metropolitan Transportation Authority to run viewpoint ads. The agency requires a disclaimer saying it doesn't endorse the views.

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]]> NEW YORK (AP) — Anti-Islamic ads will begin appearing on 100 New York City buses and two subway entrances next week, but transit officials have rejected an ad from the same group that includes the phrase "Killing Jews."

The six approved ads show an image of beheaded American journalist James Foley standing next to his killer.

The ads are paid for by the American Freedom Defense Initiative run by blogger Pamela Geller. She says the campaign highlights points about Islam ignored by government and media.

A court order forces the Metropolitan Transportation Authority to run viewpoint ads. The agency requires a disclaimer saying it doesn't endorse the views.]]> Fri, 19 Sep 2014 18:00:36 -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 ___

Alibaba stock soars in jubilant trading debut

NEW YORK (AP) — Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.

The sharp demand for shares sent the market value of the e-commerce giant soaring well beyond that of Amazon, eBay and even Facebook. The initial public offering was on track to be the world's largest, with the possibility of raising as much as $25 billion.

Jubilant CEO Jack Ma stood on the floor of the New York Stock Exchange as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian,

Read more on Colorado Springs Gazette


]]> ___

Alibaba stock soars in jubilant trading debut

NEW YORK (AP) — Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.

The sharp demand for shares sent the market value of the e-commerce giant soaring well beyond that of Amazon, eBay and even Facebook. The initial public offering was on track to be the world's largest, with the possibility of raising as much as $25 billion.

Jubilant CEO Jack Ma stood on the floor of the New York Stock Exchange as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian,]]> Fri, 19 Sep 2014 17:45:36 -0600 <![CDATA[Ohio creator of Slush Puppies dead at age 74]]> http://gazette.com/ohio-creator-of-slush-puppies-dead-at-age-74/article/feed/159197?custom_click=rss http://gazette.com/ohio-creator-of-slush-puppies-dead-at-age-74/article/feed/159197?custom_click=rss

CINCINNATI (AP) — Will Radcliff, who built a multimillion-dollar global business from flavored, icy Slush Puppie drinks, has died in Cincinnati. He was 74.

His daughter DeeAnn Radcliff Harmon said Radcliff died Thursday in hospice care after his health declined following a recent fall.

Radcliff was a natural salesman who once peddled vacuum cleaners door to door and earned a six-figure income from selling peanuts.

"He had a bigger-than-life personality," his daughter said Friday. "He could sell anything to anybody."

Radcliff had spotted a slush machine at a 1970 Chicago trade show and saw the possibilities of icy sweet drinks that could be made for a few pennies.

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]]> CINCINNATI (AP) — Will Radcliff, who built a multimillion-dollar global business from flavored, icy Slush Puppie drinks, has died in Cincinnati. He was 74.

His daughter DeeAnn Radcliff Harmon said Radcliff died Thursday in hospice care after his health declined following a recent fall.

Radcliff was a natural salesman who once peddled vacuum cleaners door to door and earned a six-figure income from selling peanuts.

"He had a bigger-than-life personality," his daughter said Friday. "He could sell anything to anybody."

Radcliff had spotted a slush machine at a 1970 Chicago trade show and saw the possibilities of icy sweet drinks that could be made for a few pennies.]]> Fri, 19 Sep 2014 17:30:58 -0600 <![CDATA[Moody's backs UK bond rating after Scotland vote]]> http://gazette.com/moodys-backs-uk-bond-rating-after-scotland-vote/article/feed/159287?custom_click=rss http://gazette.com/moodys-backs-uk-bond-rating-after-scotland-vote/article/feed/159287?custom_click=rss NEW YORK (AP) — Moody's Investors Services is maintaining its rating on United Kingdom government-backed bonds Friday, a day after voters in Scotland decided against national independence.

Moody's is affirming an 'Aa1' rating, its second-highest rating, and a stable outlook on U.K. government bonds. The firm adds that it has a stable outlook on the bonds, which means it doesn't believe downgrades are likely in the next year to 18 months.

It says the U.K. has "very high" economic strength.

On Thursday 55 percent of Scottish voters voted against breaking away from England, Northern Ireland and Wales to become an independent country.

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]]> NEW YORK (AP) — Moody's Investors Services is maintaining its rating on United Kingdom government-backed bonds Friday, a day after voters in Scotland decided against national independence.

Moody's is affirming an 'Aa1' rating, its second-highest rating, and a stable outlook on U.K. government bonds. The firm adds that it has a stable outlook on the bonds, which means it doesn't believe downgrades are likely in the next year to 18 months.

It says the U.K. has "very high" economic strength.

On Thursday 55 percent of Scottish voters voted against breaking away from England, Northern Ireland and Wales to become an independent country.]]> Fri, 19 Sep 2014 17:30:57 -0600 <![CDATA[Picassos among pieces going on public view in Ohio]]> http://gazette.com/picassos-among-pieces-going-on-public-view-in-ohio/article/feed/159164?custom_click=rss http://gazette.com/picassos-among-pieces-going-on-public-view-in-ohio/article/feed/159164?custom_click=rss

COLUMBUS, Ohio (AP) — When retail mogul Leslie Wexner peers at one of the Picassos, Dubuffets or Giacomettis in the personal art collection he and his wife Abigail have amassed over the years, he feels a range of emotions that often include gratitude, defeat and exhilaration.

"I find it inspiring in a way — that tangible creativity you find in painting or performance," says the philanthropist and chairman of L Brands, the company behind Victoria's Secret, Limited and Henri Bendel.

Art lovers will get an opportunity to experience their own emotional responses to the Wexners' rarely seen collection beginning Sunday, when 60 of their paintings and sculptures spanning the 19th through 21st centuries go on public display. "Tra

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]]> COLUMBUS, Ohio (AP) — When retail mogul Leslie Wexner peers at one of the Picassos, Dubuffets or Giacomettis in the personal art collection he and his wife Abigail have amassed over the years, he feels a range of emotions that often include gratitude, defeat and exhilaration.

"I find it inspiring in a way — that tangible creativity you find in painting or performance," says the philanthropist and chairman of L Brands, the company behind Victoria's Secret, Limited and Henri Bendel.

Art lovers will get an opportunity to experience their own emotional responses to the Wexners' rarely seen collection beginning Sunday, when 60 of their paintings and sculptures spanning the 19th through 21st centuries go on public display. "Tra]]> Fri, 19 Sep 2014 17:02:30 -0600 <![CDATA[Fitch keeps 'AAA' rating on US credit]]> http://gazette.com/fitch-keeps-aaa-rating-on-us-credit/article/feed/159273?custom_click=rss http://gazette.com/fitch-keeps-aaa-rating-on-us-credit/article/feed/159273?custom_click=rss NEW YORK (AP) — Fitch Ratings says that the U.S. still deserves its highest credit rating.

Fitch on Friday affirmed its "AAA" rating on U.S. debt. The ratings agency said its outlook on the rating is stable, meaning it does not expect a downgrade in the near future.

Fitch said the U.S. can tolerate more debt than other countries because the dollar is the world's pre-eminent reserve currency and fixed-income asset. It also noted the country has the deepest and most liquid capital markets in the world.

But Fitch said economic policymaking in the U.S. is weaker than in other countries with strong credit ratings, as evidenced by the debt ceiling crises, the federal government shutdown in 2013, and other events. It said mo

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]]> NEW YORK (AP) — Fitch Ratings says that the U.S. still deserves its highest credit rating.

Fitch on Friday affirmed its "AAA" rating on U.S. debt. The ratings agency said its outlook on the rating is stable, meaning it does not expect a downgrade in the near future.

Fitch said the U.S. can tolerate more debt than other countries because the dollar is the world's pre-eminent reserve currency and fixed-income asset. It also noted the country has the deepest and most liquid capital markets in the world.

But Fitch said economic policymaking in the U.S. is weaker than in other countries with strong credit ratings, as evidenced by the debt ceiling crises, the federal government shutdown in 2013, and other events. It said mo]]> Fri, 19 Sep 2014 17:01:53 -0600 <![CDATA[Figures on government spending and debt]]> http://gazette.com/figures-on-government-spending-and-debt/article/feed/215?custom_click=rss http://gazette.com/figures-on-government-spending-and-debt/article/feed/215?custom_click=rss WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

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WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.]]> Fri, 19 Sep 2014 17:01:52 -0600
<![CDATA[Colorado Springs event puts in a plug for electric vehicles]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/colorado-springs-event-puts-in-a-plug-for-electric-vehicles/article/1537829?custom_click=rss http://gazette.com/colorado-springs-event-puts-in-a-plug-for-electric-vehicles/article/1537829?custom_click=rss

To help wean himself off oil, John Duprey leased a Nissan Leaf electric car this week - and the organizers of a tour to promote clean vehicles hope more Coloradans will follow his lead.

Duprey's car was one of 19 on display Thursday at the First & Main Town Center on Powers Boulevard as part of a local event to celebrate National Drive Electric Week and teach consumers more about electric vehicles, the tax credits available to buy them and the growing number of charging stations to power them.

More than 200 people were expected to attend the event, sponsored by the American Lung Association and the Southern Colorado Clean Cities Coalition, and up to 50 people were expected to test drive the vehicles made available by local

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]]> To help wean himself off oil, John Duprey leased a Nissan Leaf electric car this week - and the organizers of a tour to promote clean vehicles hope more Coloradans will follow his lead.

Duprey's car was one of 19 on display Thursday at the First & Main Town Center on Powers Boulevard as part of a local event to celebrate National Drive Electric Week and teach consumers more about electric vehicles, the tax credits available to buy them and the growing number of charging stations to power them.

More than 200 people were expected to attend the event, sponsored by the American Lung Association and the Southern Colorado Clean Cities Coalition, and up to 50 people were expected to test drive the vehicles made available by local]]> Fri, 19 Sep 2014 16:50:02 -0600 <![CDATA[Yahoo rakes in another jackpot from Alibaba's IPO]]> http://gazette.com/yahoo-rakes-in-another-jackpot-from-alibabas-ipo/article/feed/159014?custom_click=rss http://gazette.com/yahoo-rakes-in-another-jackpot-from-alibabas-ipo/article/feed/159014?custom_click=rss

SAN FRANCISCO (AP) — Yahoo is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon.

The latest windfall came with Alibaba's record-setting IPO completed late Thursday, in which the Chinese e-commerce giant raised $25 billion. Alibaba's shares began trading for the first time on Friday on the New York Stock Exchange.

Yahoo is in line to make $8.3 billion to $9.5 billion from the initial public offering, depending on whether investment bankers exercise their right within the next month to buy additional stock in the deal.

The payoff supplements the $7.

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]]> SAN FRANCISCO (AP) — Yahoo is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon.

The latest windfall came with Alibaba's record-setting IPO completed late Thursday, in which the Chinese e-commerce giant raised $25 billion. Alibaba's shares began trading for the first time on Friday on the New York Stock Exchange.

Yahoo is in line to make $8.3 billion to $9.5 billion from the initial public offering, depending on whether investment bankers exercise their right within the next month to buy additional stock in the deal.

The payoff supplements the $7.]]> Fri, 19 Sep 2014 16:47:09 -0600 <![CDATA[Flight attendants reach tentative deal with AA]]> http://gazette.com/flight-attendants-reach-tentative-deal-with-aa/article/feed/159268?custom_click=rss http://gazette.com/flight-attendants-reach-tentative-deal-with-aa/article/feed/159268?custom_click=rss FORT WORTH, Texas (AP) — A flight attendants' union says it has a tentative contract covering crews at American Airlines and US Airways.

The union said Friday that negotiators reached an agreement with American Airlines Group Inc. with industry-leading terms. Those terms were not disclosed.

The company is calling it another step toward combining the two airlines into one, which will keep the American name.

The Association of Professional Flight Attendants says leaders will meet next week and decide whether to send the agreement to members for a ratification vote.

Shares of American Airlines fell $1.42, or 3.7 percent, to close at $36.63. They are still up 45 percent in 2014.

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]]> FORT WORTH, Texas (AP) — A flight attendants' union says it has a tentative contract covering crews at American Airlines and US Airways.

The union said Friday that negotiators reached an agreement with American Airlines Group Inc. with industry-leading terms. Those terms were not disclosed.

The company is calling it another step toward combining the two airlines into one, which will keep the American name.

The Association of Professional Flight Attendants says leaders will meet next week and decide whether to send the agreement to members for a ratification vote.

Shares of American Airlines fell $1.42, or 3.7 percent, to close at $36.63. They are still up 45 percent in 2014.]]> Fri, 19 Sep 2014 16:47:09 -0600 <![CDATA[Oracle and Concur are big market movers]]> http://gazette.com/oracle-and-concur-are-big-market-movers/article/feed/159269?custom_click=rss http://gazette.com/oracle-and-concur-are-big-market-movers/article/feed/159269?custom_click=rss NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Oracle Corp., down $1.75 to $39.80

The technology company's CEO, Larry Ellison, is stepping down and its financial results and outlook fell short of expectations.

Dresser-Rand Group Inc., up $6.88 to $79.91

The industrial equipment company is the target of potential competing buyout offers from Sulzer and Siemens.

Red Hat Inc., down $2.73 to $57.93

The open-source software company is buying FeedHenry for about $82 million and reported better-than-expected financial results.

Rockwell Collins Inc., up $2.13 to $79.

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

NYSE

Oracle Corp., down $1.75 to $39.80

The technology company's CEO, Larry Ellison, is stepping down and its financial results and outlook fell short of expectations.

Dresser-Rand Group Inc., up $6.88 to $79.91

The industrial equipment company is the target of potential competing buyout offers from Sulzer and Siemens.

Red Hat Inc., down $2.73 to $57.93

The open-source software company is buying FeedHenry for about $82 million and reported better-than-expected financial results.

Rockwell Collins Inc., up $2.13 to $79.]]> Fri, 19 Sep 2014 16:47:09 -0600 <![CDATA[Booming tourism business in Colorado Springs boosts tax collections]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/booming-tourism-business-in-colorado-springs-boosts-tax-collections/article/1537888?custom_click=rss http://gazette.com/booming-tourism-business-in-colorado-springs-boosts-tax-collections/article/1537888?custom_click=rss A strong summer tourism season helped push Colorado Springs sales tax collections in August to a fourth consecutive monthly increase, while the city's tax on hotel rooms and rental cars set a record, according to a report from the Colorado Springs Finance Department.

Collections of the city's 2 percent sales tax in August, reflecting July sales, were up 8 percent from August 2013, hitting $11.4 million. Collections have increased every month since May and in nine of the past 10 months. For the past three months - the bulk of the tourism season - sales tax collections have increased an average of 10.2 percent compared with 2013.

Hotels and restaurants, both benefiting from a strong tourism season, drove much of the sales tax

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]]> A strong summer tourism season helped push Colorado Springs sales tax collections in August to a fourth consecutive monthly increase, while the city's tax on hotel rooms and rental cars set a record, according to a report from the Colorado Springs Finance Department.

Collections of the city's 2 percent sales tax in August, reflecting July sales, were up 8 percent from August 2013, hitting $11.4 million. Collections have increased every month since May and in nine of the past 10 months. For the past three months - the bulk of the tourism season - sales tax collections have increased an average of 10.2 percent compared with 2013.

Hotels and restaurants, both benefiting from a strong tourism season, drove much of the sales tax]]> Fri, 19 Sep 2014 16:45:02 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1537886?custom_click=rss http://gazette.com/movers-shakers/article/1537886?custom_click=rss Michael League, president and CEO of 5Star Bank in Colorado Springs, has been elected as a director of the Association of Military Banks of America. He was one of three new directors elected at the association's recent annual meeting in Washington, D.C.

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Michael League, president and CEO of 5Star Bank in Colorado Springs, has been elected as a director of the Association of Military Banks of America. He was one of three new directors elected at the association's recent annual meeting in Washington, D.C.]]> Fri, 19 Sep 2014 16:35:01 -0600
<![CDATA[California adopts olive-oil labeling standards]]> http://gazette.com/california-adopts-olive-oil-labeling-standards/article/feed/159233?custom_click=rss http://gazette.com/california-adopts-olive-oil-labeling-standards/article/feed/159233?custom_click=rss SACRAMENTO, Calif. (AP) — The state Department of Food and Agriculture has approved standards for grading and labeling California-produced olive oil that will require makers to prove their product really is extra-virgin olive oil if the label on the bottle says so.

The standards, scheduled to take effect next Friday, were recommended by the California Olive Oil Commission, an organization recently formed by the state's olive oil producers.

Under the new rules, most olive oil produced in California must be tested to determine if it has been mixed with any chemicals, other grades of oil or degraded.

The standards will eliminate the popular marketing term "light" to describe oil that has been refined with chemicals or ad

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]]> SACRAMENTO, Calif. (AP) — The state Department of Food and Agriculture has approved standards for grading and labeling California-produced olive oil that will require makers to prove their product really is extra-virgin olive oil if the label on the bottle says so.

The standards, scheduled to take effect next Friday, were recommended by the California Olive Oil Commission, an organization recently formed by the state's olive oil producers.

Under the new rules, most olive oil produced in California must be tested to determine if it has been mixed with any chemicals, other grades of oil or degraded.

The standards will eliminate the popular marketing term "light" to describe oil that has been refined with chemicals or ad]]> Fri, 19 Sep 2014 16:32:26 -0600 <![CDATA[Stock indexes end mixed after Alibaba debuts]]> http://gazette.com/stock-indexes-end-mixed-after-alibaba-debuts/article/feed/159248?custom_click=rss http://gazette.com/stock-indexes-end-mixed-after-alibaba-debuts/article/feed/159248?custom_click=rss

NEW YORK (AP) — U.S. stock indexes are ending mixed on a day when the Chinese e-commerce giant Alibaba made its big debut in the market.

The Dow Jones industrial average edged up 13 points, or 0.1 percent, to close at 17,279 Friday, the third straight day the blue-chip index closed at an all-time high. The Dow is up 1.7 percent for the week.

The Standard & Poor's 500 index fell less than one point, or 0.1 percent, to 2,010, but finished the week up 1.3 percent.

The Nasdaq ended down 13 points, or 0.3 percent, to 4,579.

Alibaba soared 38 percent on its first day of trading. The Chinese e-commerce giant rose $25.89 to close at $93.89.

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]]> NEW YORK (AP) — U.S. stock indexes are ending mixed on a day when the Chinese e-commerce giant Alibaba made its big debut in the market.

The Dow Jones industrial average edged up 13 points, or 0.1 percent, to close at 17,279 Friday, the third straight day the blue-chip index closed at an all-time high. The Dow is up 1.7 percent for the week.

The Standard & Poor's 500 index fell less than one point, or 0.1 percent, to 2,010, but finished the week up 1.3 percent.

The Nasdaq ended down 13 points, or 0.3 percent, to 4,579.

Alibaba soared 38 percent on its first day of trading. The Chinese e-commerce giant rose $25.89 to close at $93.89.]]> Fri, 19 Sep 2014 16:17:24 -0600 <![CDATA[Restaurant, spiffed-up entrance coming to Seven Falls in Colorado Springs]]> By rich laden rich.laden@gazette.com - http://gazette.com/restaurant-spiffed-up-entrance-coming-to-seven-falls-in-colorado-springs/article/1537882?custom_click=rss http://gazette.com/restaurant-spiffed-up-entrance-coming-to-seven-falls-in-colorado-springs/article/1537882?custom_click=rss

The Broadmoor hotel has completed its acquisition of Seven Falls, and plans to add a restaurant and improve the tourist attraction's entrance to broaden its appeal to visitors and area residents.

Broadmoor President and CEO Steve Bartolin declined to disclose the purchase price for Seven Falls, a series of majestic waterfalls in South Cheyenne Canyon, about a mile from the hotel in southwest Colorado Springs. The purchase, which was completed Aug. 27, also includes a surrounding canyon and 1,300 acres of adjacent land.

The hotel was attracted to Seven Falls because it's a legacy attraction in the Pikes Peak region that's popular with visitors and local residents alike. The attraction had been owned for nearly 70 years by the



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The Broadmoor hotel has completed its acquisition of Seven Falls, and plans to add a restaurant and improve the tourist attraction's entrance to broaden its appeal to visitors and area residents.

Broadmoor President and CEO Steve Bartolin declined to disclose the purchase price for Seven Falls, a series of majestic waterfalls in South Cheyenne Canyon, about a mile from the hotel in southwest Colorado Springs. The purchase, which was completed Aug. 27, also includes a surrounding canyon and 1,300 acres of adjacent land.

The hotel was attracted to Seven Falls because it's a legacy attraction in the Pikes Peak region that's popular with visitors and local residents alike. The attraction had been owned for nearly 70 years by the

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Fri, 19 Sep 2014 15:52:22 -0600
<![CDATA[5 long lines to remember, including Friday's release of the iPhone 6]]> By matt steiner matt.steiner@gazette.com - http://gazette.com/5-long-lines-to-remember-including-fridays-release-of-the-iphone-6/article/1537869?custom_click=rss http://gazette.com/5-long-lines-to-remember-including-fridays-release-of-the-iphone-6/article/1537869?custom_click=rss

Do you remember any local or Colorado events that drew huge lines? Friday morning the iPhone 6 had tech junkies lining up for the latest in the Apple franchise all over the state, the country and the world.

Here is a list of events that drew fanatics to businesses in the Pikes Peak region.

1. People lined up for days in Colorado Springs to eat French fries - nothing but French fries. A new eatery called French Fry Heaven opened Aug. 1 on Tejon Street in downtown, claiming to have "The best fries on Earth."

2. On Jan. 1, 2014, marijuana enthusiasts all from Colorado and beyond flocked to the first recreational pot stores. Some lines wrapped around blocks in Denver, Pueblo County and smaller communities like



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Do you remember any local or Colorado events that drew huge lines? Friday morning the iPhone 6 had tech junkies lining up for the latest in the Apple franchise all over the state, the country and the world.

Here is a list of events that drew fanatics to businesses in the Pikes Peak region.

1. People lined up for days in Colorado Springs to eat French fries - nothing but French fries. A new eatery called French Fry Heaven opened Aug. 1 on Tejon Street in downtown, claiming to have "The best fries on Earth."

2. On Jan. 1, 2014, marijuana enthusiasts all from Colorado and beyond flocked to the first recreational pot stores. Some lines wrapped around blocks in Denver, Pueblo County and smaller communities like

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Fri, 19 Sep 2014 13:02:25 -0600
<![CDATA[Larger iPhones go on sale Friday]]> Associated Press http://gazette.com/larger-iphones-go-on-sale-friday/article/1537863?custom_click=rss http://gazette.com/larger-iphones-go-on-sale-friday/article/1537863?custom_click=rss

The iPhone 6 goes on sale at stores in Colorado Springs at 8 a.m. Friday. The Gazette's Rich Laden will be at the Apple store at the Shops at Briargate to check on demand.

You can follow his live coverage this morning on Twitter @RichLaden

Review: Larger iPhones eliminate reason to switch

NEW YORK — It's easy to dismiss Apple's new iPhones as merely catching up to Android.

After all, phones running Google's Android system long have had larger screens. In addition, many Android phones already have the wireless chips that iPhones are getting for making credit card payments without pulling out a card at retail stores.



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The iPhone 6 goes on sale at stores in Colorado Springs at 8 a.m. Friday. The Gazette's Rich Laden will be at the Apple store at the Shops at Briargate to check on demand.

You can follow his live coverage this morning on Twitter @RichLaden

Review: Larger iPhones eliminate reason to switch

NEW YORK — It's easy to dismiss Apple's new iPhones as merely catching up to Android.

After all, phones running Google's Android system long have had larger screens. In addition, many Android phones already have the wireless chips that iPhones are getting for making credit card payments without pulling out a card at retail stores.

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Fri, 19 Sep 2014 06:53:07 -0600
<![CDATA[Happy holidays: Downtown Colorado Springs cuts a deal for pop-up retailers]]> By Stephen Hobbs stephen.hobbs@gazette.com - http://gazette.com/happy-holidays-downtown-colorado-springs-cuts-a-deal-for-pop-up-retailers/article/1537794?custom_click=rss http://gazette.com/happy-holidays-downtown-colorado-springs-cuts-a-deal-for-pop-up-retailers/article/1537794?custom_click=rss In the retail world, a pop-up is not a camper but a temporary store - and downtown Colorado Springs officials want more of them for the holidays.

To make it happen, the Colorado Springs Downtown Development Authority and landlords of empty spaces in the city's core are launching a Holiday Pop-Up program that will allow retailers to lease the spaces for a discounted price for two months. The program is a first for downtown.

"The goal really is to fill up our retail downtown," said Sarah Harris, development manager for the Downtown Partnership. Another objective, she said, is to bring independent boutiques that will complement existing downtown retailers.



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In the retail world, a pop-up is not a camper but a temporary store - and downtown Colorado Springs officials want more of them for the holidays.

To make it happen, the Colorado Springs Downtown Development Authority and landlords of empty spaces in the city's core are launching a Holiday Pop-Up program that will allow retailers to lease the spaces for a discounted price for two months. The program is a first for downtown.

"The goal really is to fill up our retail downtown," said Sarah Harris, development manager for the Downtown Partnership. Another objective, she said, is to bring independent boutiques that will complement existing downtown retailers.

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Fri, 19 Sep 2014 05:44:34 -0600
<![CDATA[Blog: Perkins Restaurant & Bakery now open in Colorado Springs]]> Rich Laden http://gazette.com/blog-perkins-restaurant-bakery-now-open-in-colorado-springs/article/1537778?custom_click=rss http://gazette.com/blog-perkins-restaurant-bakery-now-open-in-colorado-springs/article/1537778?custom_click=rss

Perkins Restaurant & Bakery has completed its return to the Pikes Peak region.

Perkins re-opened Thursday, Sept. 19, at Platte Avenue and Chelton Road in Colorado Springs, in a remodeled building that had housed one of three area Perkins until the chain's corporate owners closed them in 2011.

However, CyHawk Hospitality, an Iowa-based franchisee that operates Perkins locations in Iowa, Nebraska, Missouri and Kansas, arrived in Colorado Springs several weeks ago and is reviving the Perkins brand.

CyHawk took over the former Perkins location at Platte and Chelton, and remodeled the interior and exterior.



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Perkins Restaurant & Bakery has completed its return to the Pikes Peak region.

Perkins re-opened Thursday, Sept. 19, at Platte Avenue and Chelton Road in Colorado Springs, in a remodeled building that had housed one of three area Perkins until the chain's corporate owners closed them in 2011.

However, CyHawk Hospitality, an Iowa-based franchisee that operates Perkins locations in Iowa, Nebraska, Missouri and Kansas, arrived in Colorado Springs several weeks ago and is reviving the Perkins brand.

CyHawk took over the former Perkins location at Platte and Chelton, and remodeled the interior and exterior.

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Thu, 18 Sep 2014 21:45:41 -0600
<![CDATA[Home Depot breach affected 56M debit, credit cards]]> Associated Press http://gazette.com/home-depot-breach-affected-56m-debit-credit-cards/article/1537789?custom_click=rss http://gazette.com/home-depot-breach-affected-56m-debit-credit-cards/article/1537789?custom_click=rss

The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September.

The Atlanta-based home improvement retailer said Thursday it has also completed a "major" payment security project that provides enhanced encryption of customers' payment data in the company's U.S. stores.

Home Depot also is confirming its sales-growth estimates for the fiscal year and expects to earn $4.54 per share in fiscal 2014, up 2 cents from its prior guidance.



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The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September.

The Atlanta-based home improvement retailer said Thursday it has also completed a "major" payment security project that provides enhanced encryption of customers' payment data in the company's U.S. stores.

Home Depot also is confirming its sales-growth estimates for the fiscal year and expects to earn $4.54 per share in fiscal 2014, up 2 cents from its prior guidance.

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Thu, 18 Sep 2014 17:05:14 -0600
<![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1537799?custom_click=rss http://gazette.com/movers-shakers/article/1537799?custom_click=rss

John Winsor and Paul Rubley of Olive Real Estate Group have been named 2013 CoStar Power Brokers by CoStar Group Inc., an Internet provider of information, analytics and marketplaces for commercial real estate. The annual industry award recognizes brokers who closed the highest transaction volumes in commercial property sales or leases in 2013 within their respective markets. Winsor and Rubley qualified as two of the top commercial brokers in retail based on the total retail leasing transactions they closed during the year.

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

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]]> John Winsor and Paul Rubley of Olive Real Estate Group have been named 2013 CoStar Power Brokers by CoStar Group Inc., an Internet provider of information, analytics and marketplaces for commercial real estate. The annual industry award recognizes brokers who closed the highest transaction volumes in commercial property sales or leases in 2013 within their respective markets. Winsor and Rubley qualified as two of the top commercial brokers in retail based on the total retail leasing transactions they closed during the year.

get More,

submit item

See Sunday's Business section for more Movers & Shakers. To submit an item, go to the press release form at gazette.com/business.]]> Thu, 18 Sep 2014 16:40:31 -0600 <![CDATA[Union apparently giving up its Union Printers Home in Colorado Springs]]> By Wayne Heilman wayneh@gazette.com - http://gazette.com/union-apparently-giving-up-its-union-printers-home-in-colorado-springs/article/1537730?custom_click=rss http://gazette.com/union-apparently-giving-up-its-union-printers-home-in-colorado-springs/article/1537730?custom_click=rss

The Union Printers Home, a nursing home and assisted living facility that has been a Colorado Springs landmark since 1892, is reportedly being sold by one of the nation's largest labor unions, marking the first time in 122 years that the facility has not been owned by the Communications Workers of America or its 
predecessors.

Heart Living Centers of Colorado LLC, based in Salina, Kan., and created in July by Kevin Jacobs of Oklahoma City, took over management of the 122-bed home Friday and is buying the property, according to a source familiar with the deal.

The terms of the sale have not been disclosed. Jacobs, chief deputy Oklahoma County commissioner and a former president of Oklahoma Christian University, was not



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The Union Printers Home, a nursing home and assisted living facility that has been a Colorado Springs landmark since 1892, is reportedly being sold by one of the nation's largest labor unions, marking the first time in 122 years that the facility has not been owned by the Communications Workers of America or its 
predecessors.

Heart Living Centers of Colorado LLC, based in Salina, Kan., and created in July by Kevin Jacobs of Oklahoma City, took over management of the 122-bed home Friday and is buying the property, according to a source familiar with the deal.

The terms of the sale have not been disclosed. Jacobs, chief deputy Oklahoma County commissioner and a former president of Oklahoma Christian University, was not

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Thu, 18 Sep 2014 05:42:44 -0600
<![CDATA[One of Colorado Springs' oldest businesses closing after 110 years]]> By rich laden rich.laden@gazette.com - http://gazette.com/one-of-colorado-springs-oldest-businesses-closing-after-110-years/article/1537735?custom_click=rss http://gazette.com/one-of-colorado-springs-oldest-businesses-closing-after-110-years/article/1537735?custom_click=rss

Couture's Fabric Care will end its run next month as one of Colorado Springs' oldest businesses, closing its dry cleaners and laundromat after 110 years and three generations of family ownership.

The dry cleaners portion of the business, at 801 N. Tejon St., will accept its last orders Oct. 3; its front counter will remain open for pick-up Oct. 6-10, 
said Couture's owner Keith Peterson, whose late grandfather, Carl Sr., and 83-year-old father, Carl Jr., previously owned the business.

The self-serve laundromat next door will remain open until possibly mid-October, he said.

"It's time to move on," said 56-year-old Keith Peterson. "A family, a 110-year-old business - I'm happy to be part of that. It's sad to see it



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Couture's Fabric Care will end its run next month as one of Colorado Springs' oldest businesses, closing its dry cleaners and laundromat after 110 years and three generations of family ownership.

The dry cleaners portion of the business, at 801 N. Tejon St., will accept its last orders Oct. 3; its front counter will remain open for pick-up Oct. 6-10, 
said Couture's owner Keith Peterson, whose late grandfather, Carl Sr., and 83-year-old father, Carl Jr., previously owned the business.

The self-serve laundromat next door will remain open until possibly mid-October, he said.

"It's time to move on," said 56-year-old Keith Peterson. "A family, a 110-year-old business - I'm happy to be part of that. It's sad to see it

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Thu, 18 Sep 2014 05:29:27 -0600
<![CDATA[Colorado marijuana industry battling stoner stereotypes]]> By Kristen Wyatt, Associated Press http://gazette.com/colorado-marijuana-industry-battling-stoner-stereotypes/article/1537699?custom_click=rss http://gazette.com/colorado-marijuana-industry-battling-stoner-stereotypes/article/1537699?custom_click=rss

DENVER — Tired of Cheech & Chong pot jokes and ominous anti-drug campaigns, the marijuana industry and activists are starting an ad blitz in Colorado aimed at promoting moderation and the safe consumption of pot.

To get their message across, they are skewering some of the old Drug War-era ads that focused on the fears of marijuana, including the famous "This is your brain on drugs" fried-egg ad from the 1980s.

They are planning posters, brochures, billboards and magazine ads to caution consumers to use the drug responsibly and warn tourists and first-timers about the potential to get sick from accidentally eating too much medical-grade pot.



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DENVER — Tired of Cheech & Chong pot jokes and ominous anti-drug campaigns, the marijuana industry and activists are starting an ad blitz in Colorado aimed at promoting moderation and the safe consumption of pot.

To get their message across, they are skewering some of the old Drug War-era ads that focused on the fears of marijuana, including the famous "This is your brain on drugs" fried-egg ad from the 1980s.

They are planning posters, brochures, billboards and magazine ads to caution consumers to use the drug responsibly and warn tourists and first-timers about the potential to get sick from accidentally eating too much medical-grade pot.

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Wed, 17 Sep 2014 20:54:47 -0600
<![CDATA[ESSENTIALS: Business news from the Pikes Peak region]]> http://gazette.com/essentials-business-news-from-the-pikes-peak-region/article/1537506?custom_click=rss http://gazette.com/essentials-business-news-from-the-pikes-peak-region/article/1537506?custom_click=rss - The Colorado Springs-based ISSAC company was recently honored by the Colorado Education Initiative as one of seven Colorado companies and organizations working to strengthen student education in STEM: science, technology, engineering and math. ISSAC president and founder Tim Jones represented ISSAC in receiving the STEM Champion award. ISSAC is also a STEM-development corporate partner for the local Palmer High School. ISSAC is an Advanced Data Analytics and Systems Engineering consulting firm.

- The Dollar General Literacy Foundation recently awarded $2,000 apiece to four Colorado Springs organizations to support youth literacy programs. Award recipients were Children's Literacy Center and Frontier, Venetucci and Will Rogers

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]]> - The Colorado Springs-based ISSAC company was recently honored by the Colorado Education Initiative as one of seven Colorado companies and organizations working to strengthen student education in STEM: science, technology, engineering and math. ISSAC president and founder Tim Jones represented ISSAC in receiving the STEM Champion award. ISSAC is also a STEM-development corporate partner for the local Palmer High School. ISSAC is an Advanced Data Analytics and Systems Engineering consulting firm.

- The Dollar General Literacy Foundation recently awarded $2,000 apiece to four Colorado Springs organizations to support youth literacy programs. Award recipients were Children's Literacy Center and Frontier, Venetucci and Will Rogers]]> Wed, 17 Sep 2014 19:35:01 -0600 <![CDATA[MOVERS & SHAKERS]]> The Gazette - http://gazette.com/movers-shakers/article/1537718?custom_click=rss http://gazette.com/movers-shakers/article/1537718?custom_click=rss

Hannah Parsons has been named chair of the Downtown Partnership of Colorado Springs' board of directors. She is a real estate professional who co-founded Epicentral Coworking and is a former Business Improvement District chair.

Joining the board as a new member is Larry Yonker, president and CEO of Springs Rescue Mission. He has worked with nonprofits and businesses in fundraising, planned giving, donor relations, major donors, marketing and development activities.

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

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]]> Hannah Parsons has been named chair of the Downtown Partnership of Colorado Springs' board of directors. She is a real estate professional who co-founded Epicentral Coworking and is a former Business Improvement District chair.

Joining the board as a new member is Larry Yonker, president and CEO of Springs Rescue Mission. He has worked with nonprofits and businesses in fundraising, planned giving, donor relations, major donors, marketing and development activities.

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, 17 Sep 2014 16:47:18 -0600