<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Thu, 20 Oct 2016 13:43:14 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Obama: Health care law 'worked,' says improvements needed]]> http://gazette.com/obama-health-care-law-worked-says-improvements-needed/article/feed/412136?custom_click=rss http://gazette.com/obama-health-care-law-worked-says-improvements-needed/article/feed/412136?custom_click=rss

MIAMI (AP) — President Barack Obama on Thursday defended his namesake health care program, long a target of Republicans and recently criticized by some Democrats, saying millions of Americans "now know the financial security of health insurance" because of the Affordable Care Act.

"It's worked," he said, even while allowing that the program isn't perfect. "No law is."

Obama chalked up the Republican criticism to "nothing more than politics" and GOP envy that "a Democratic president named Barack Obama passed the law. That's just the truth."

He called on both parties to set aside the "political rhetoric" and "be honest about what's working, what needs fixing and how we fix it.

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]]> Thu, 20 Oct 2016 13:46:12 -0600 <![CDATA[Union asks court to reverse Wal-Mart trespassing order]]> http://gazette.com/union-asks-court-to-reverse-wal-mart-trespassing-order/article/feed/412259?custom_click=rss http://gazette.com/union-asks-court-to-reverse-wal-mart-trespassing-order/article/feed/412259?custom_click=rss LITTLE ROCK, Ark. (AP) — A labor union that has demonstrated against Wal-Mart Stores Inc. asked the Arkansas Supreme Court Thursday to reverse a judge's decision barring it from entering the retail giant's property for anything other than shopping.

Attorneys for the United Food and Commercial Workers International Union and Wal-Mart argued that the National Labor Relations Board, not the Benton County judge, should have jurisdiction over the matter.

Wal-Mart had sought the order against the union and the Organization United for Respect at Wal-Mart in response to the group demonstrating and picketing at its stores over its pay and benefits.

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]]> Thu, 20 Oct 2016 13:40:23 -0600 <![CDATA[Union Pacific 3Q profit falls 13 percent as shipments slow]]> http://gazette.com/union-pacific-3q-profit-falls-13-percent-as-shipments-slow/article/feed/412196?custom_click=rss http://gazette.com/union-pacific-3q-profit-falls-13-percent-as-shipments-slow/article/feed/412196?custom_click=rss

OMAHA, Neb. (AP) — Union Pacific's profit fell 13 percent in the third quarter because the railroad's efforts to cut costs and improve productivity couldn't offset a 6 percent decline in total freight.

Its stock fell more than 6 percent in afternoon trading.

The Omaha, Nebraska, based railroad said Thursday it earned $1.13 billion, or $1.36 per share. That's down from $1.3 billion, or $1.50 per share.

The 13 analysts surveyed by Zacks Investment Research expected earnings of $1.39 per share on average.

Its revenue declined 7 percent to $5.17 billion in the quarter from $5.56 billion. The six analysts surveyed by Zacks expected $5.14 billion.

The railroad has about 2,700 employees on furlough and 1,500 loco

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]]> Thu, 20 Oct 2016 13:27:14 -0600 <![CDATA[Lawmakers demand answers on leukemia drug price hikes]]> http://gazette.com/lawmakers-demand-answers-on-leukemia-drug-price-hikes/article/feed/412316?custom_click=rss http://gazette.com/lawmakers-demand-answers-on-leukemia-drug-price-hikes/article/feed/412316?custom_click=rss WASHINGTON (AP) — Two top lawmakers on Thursday demanded information from a drug company that has raised prices on a leukemia drug, calling increases of tens of thousands of dollars a sign the company puts profits before patients.

Sen. Bernie Sanders, I-Vt., and Rep. Elijah Cummings, D-Md., the top Democrat on the House Oversight and Government Reform Committee, wrote ARIAD Pharmaceuticals and asked about price hikes for Iclusig, which is used to treat chronic myeloid leukemia in some people. The company raised the cost of the drug four times in 2016 to an almost $200,000 yearly cost, an increase of more than $80,000 over the last several years.

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]]> Thu, 20 Oct 2016 12:57:58 -0600 <![CDATA[Survey: More Americans now have access to bank accounts]]> http://gazette.com/survey-more-americans-now-have-access-to-bank-accounts/article/feed/412224?custom_click=rss http://gazette.com/survey-more-americans-now-have-access-to-bank-accounts/article/feed/412224?custom_click=rss

NEW YORK (AP) — More Americans have access to a checking or savings account, according to a survey released Thursday by federal regulators, a sign that the improving economy is helping lift the nation's poorest households.

Having a checking or savings account is considered a cornerstone of financial stability in the U.S. Without one, households must rely on check-cashing services, prepaid debit cards and other costly ways to pay bills and make routine transactions.

The portion of Americans who do not have a bank account, known in industry jargon as the "unbanked," declined to 7 percent in 2015 from 7.7 percent in 2013, according to the FDIC.

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]]> Thu, 20 Oct 2016 12:55:08 -0600 <![CDATA[Chinese manufacturer to open $20 million factory in Arkansas]]> http://gazette.com/chinese-manufacturer-to-open-20-million-factory-in-arkansas/article/feed/412236?custom_click=rss http://gazette.com/chinese-manufacturer-to-open-20-million-factory-in-arkansas/article/feed/412236?custom_click=rss LITTLE ROCK, Ark. (AP) — A Chinese manufacturer that makes apparel under the Adidas, Reebok and Armani brands will open a factory in Arkansas, creating 400 jobs, Arkansas Gov. Asa Hutchinson announced Thursday.

The state has signed a memorandum of understanding with Suzhou Tianyuan Garments Company to invest $20 million in a location, most likely in Little Rock, and create 400 jobs paying an average of $14 per hour, said Hutchinson, who announced the news to reporters via Skype because he was on a trade mission in China.

Tianyuan makes about 10 million articles of clothing annually and now supplies 90 percent of Adidas garments, the governor's office said.

"What's fascinating is these are higher-paying jobs, in terms

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]]> Thu, 20 Oct 2016 12:53:11 -0600 <![CDATA[Dunkin' Donuts: Cold brew sales are hot]]> http://gazette.com/dunkin-donuts-cold-brew-sales-are-hot/article/feed/412160?custom_click=rss http://gazette.com/dunkin-donuts-cold-brew-sales-are-hot/article/feed/412160?custom_click=rss

NEW YORK (AP) — Hot sales of the new cold-brew coffee at Dunkin' Donuts helped offset lower customer traffic, the company said Thursday, as quarterly revenue dipped and the company offered a downbeat outlook.

The cold brew drink costs more than the chain's regular iced coffee. Nigel Travis, CEO of parent company Dunkin' Brands, said the cold brew has been particularly popular with millennial customers.

"They like the taste profile of it," Travis said. "It's certainly in vogue."

The chain has been adding more specialty coffee offerings over the past several years, such as macchiatos and other espresso drinks, to better compete with rival Starbucks Corp.

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]]> Thu, 20 Oct 2016 12:49:44 -0600 <![CDATA[US stock indexes mostly lower in afternoon trade]]> http://gazette.com/us-stock-indexes-mostly-lower-in-afternoon-trade/article/feed/412237?custom_click=rss http://gazette.com/us-stock-indexes-mostly-lower-in-afternoon-trade/article/feed/412237?custom_click=rss

Disappointing company earnings and outlooks weighed on U.S. stocks in afternoon trading Thursday, nudging the major indexes mostly lower. Telecom stocks were down the most, while health care companies were on course for the biggest gain. Oil was headed lower.

KEEPING SCORE: The Dow Jones industrial average added 5 points to 18,207 as of 1:42 p.m. Eastern time. The Standard & Poor's 500 index slipped less than 1 point to 2,143. The Nasdaq composite index fell 1 point to 5,244. The market is coming off two days of gains.

BAD DEAL: EBay slumped 11.4 percent after the e-commerce giant reported disappointing fourth-quarter results. The stock slid $3.70 to $28.83.

HANG UP: Verizon fell 2.

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]]> Thu, 20 Oct 2016 12:48:54 -0600 <![CDATA[Long-term US mortgage rates rise; highest levels since June]]> http://gazette.com/long-term-us-mortgage-rates-rise-highest-levels-since-june/article/feed/412337?custom_click=rss http://gazette.com/long-term-us-mortgage-rates-rise-highest-levels-since-june/article/feed/412337?custom_click=rss WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week, reaching their highest levels since June.

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Thu, 20 Oct 2016 12:46:17 -0600
<![CDATA[Nintendo combines portable and home gaming with Switch]]> http://gazette.com/nintendo-combines-portable-and-home-gaming-with-switch/article/feed/412325?custom_click=rss http://gazette.com/nintendo-combines-portable-and-home-gaming-with-switch/article/feed/412325?custom_click=rss REDMOND, Wash. (AP) — Nintendo has announced a new gaming system that combines a portable handheld device with a dock to use at home.

Nintendo Switch will be released in March. The gaming giant released a preview video of the console Thursday.

The company says the Switch features a dock to connect the system to a TV. Users can lift the device from the dock and use it in portable mode as well.

The Switch comes with detachable controllers. It also features single and multiplayer capabilities.

Nintendo says an exact launch date, price and more specifics will be released later.

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]]> Thu, 20 Oct 2016 12:42:06 -0600 <![CDATA[How to ditch your bank]]> http://gazette.com/how-to-ditch-your-bank/article/feed/412317?custom_click=rss http://gazette.com/how-to-ditch-your-bank/article/feed/412317?custom_click=rss

If you keep your money at a big national bank and the recent headlines about the fake-accounts scandal at Wells Fargo have you worried, it might be time to make a switch. Following these steps can make it easy.


Big banks face shareholder pressure to keep stock prices high, and it was Well Fargo's aggressive sales targets, designed to please Wall Street, that led some employees to open millions of bogus accounts. Some financial planners suggest that consumers consider community banks that have roots in the neighborhoods they serve or member-owned credit unions that don't have to be concerned with pleasing shareholders.

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]]> Thu, 20 Oct 2016 12:19:43 -0600 <![CDATA[Wal-Mart, JD.com offer more choices for Singles Day]]> http://gazette.com/wal-mart-jd.com-offer-more-choices-for-singles-day/article/feed/412273?custom_click=rss http://gazette.com/wal-mart-jd.com-offer-more-choices-for-singles-day/article/feed/412273?custom_click=rss NEW YORK (AP) — Wal-Mart and JD.com are offering more choices for Chinese shoppers ahead of Singles Day, one of the world's biggest online shopping days of the year.

That includes two-hour delivery services at some Wal-Mart stores and a Wal-Mart global store on JD Worldwide, JD.com's cross-border platform.

Wal-Mart bought an initial stake in JD.com, China's no. 2 e-commerce site, this year in a deal that gave JD.com ownership of its Chinese e-commerce site Yihaodian. Earlier this month, Wal-Mart increased its stake in JD.com to 10.8 percent from 5.9 percent.

The world's largest retailer is trying to improve its business in China, the globe's most populous country that is lucrative but challenging. In China, Wal-Mart f

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]]> Thu, 20 Oct 2016 12:18:48 -0600 <![CDATA[American Airlines 3Q profit falls on lower revenue]]> http://gazette.com/american-airlines-3q-profit-falls-on-lower-revenue/article/feed/412193?custom_click=rss http://gazette.com/american-airlines-3q-profit-falls-on-lower-revenue/article/feed/412193?custom_click=rss

FORT WORTH, Texas (AP) — More empty seats and higher labor costs are cutting into profit at American Airlines.

But in an encouraging sign for airlines and their investors — and a worrisome one for passengers — American is offering new evidence that higher fares could be just around the corner.

The world's biggest carrier reported Thursday that third-quarter earnings fell 56 percent and would have dropped even more if it weren't for continuing low fuel prices.

The company earned $737 million, down from $1.69 billion a year earlier. Revenue slipped 1 percent but costs rose 5 percent.

American was still able to claim that it beat Wall Street expectations.

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]]> Thu, 20 Oct 2016 11:59:17 -0600 <![CDATA[Snoopy, Peanuts gang, cut loose by MetLife as it retools biz]]> http://gazette.com/snoopy-peanuts-gang-cut-loose-by-metlife-as-it-retools-biz/article/feed/412278?custom_click=rss http://gazette.com/snoopy-peanuts-gang-cut-loose-by-metlife-as-it-retools-biz/article/feed/412278?custom_click=rss

Snoopy has been handed the pink slip.

After 31 years (217 dog years) as the face of insurance giant MetLife Inc., the company said Thursday that it is launching a new global branding effort, marking the end of a long relationship with Charlie Brown's beagle and the Peanuts crew.

"We brought in Snoopy over 30 years ago to make our company more friendly and approachable during a time when insurance companies were seen as cold and distant," said Esther Lee, MetLife's global chief marketing officer. "Snoopy helped drive our business and served an important role at the time."

But MetLife is spinning off its domestic retail life insurance business to focus more on corporate clients. Snoopy does not appear to hold the same mar

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]]> Thu, 20 Oct 2016 11:56:58 -0600 <![CDATA[Walgreens posts strong 4Q earns, but delays Rite Aid deal]]> http://gazette.com/walgreens-posts-strong-4q-earns-but-delays-rite-aid-deal/article/feed/412171?custom_click=rss http://gazette.com/walgreens-posts-strong-4q-earns-but-delays-rite-aid-deal/article/feed/412171?custom_click=rss

Walgreens Boots Alliance earnings topped $1 billion during the fourth quarter, easily surpassing analyst expectations, but the drugstore giant also announced a delay in closing its latest megadeal.

The company said Thursday that it expects to wrap up its $9.4-billion purchase of rival Rite Aid Corp. early next year, rather than by the end of 2016. Walgreens leaders then cautioned analysts against reading too much into the delay.

"As far as we can see today, we are absolutely confident that we can do the deal and create the value," Executive Vice Chairman and CEO Stefano Pessina said during a conference call.

Shares of the nation's largest drugstore chain jumped after markets opened.

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]]> Thu, 20 Oct 2016 11:37:45 -0600 <![CDATA[Cheyenne Motel now a memory as redevelopment ramps up on South Nevada in Colorado Springs]]> http://gazette.com/cheyenne-motel-now-a-memory-as-redevelopment-ramps-up-on-south-nevada-in-colorado-springs/article/1588190?custom_click=rss http://gazette.com/cheyenne-motel-now-a-memory-as-redevelopment-ramps-up-on-south-nevada-in-colorado-springs/article/1588190?custom_click=rss

The redevelopment of South Nevada Avenue in Colorado Springs is in full swing, as demolition crews Wednesday razed the old, boarded-up Cheyenne Motel that for years was a magnet for crime in the area.

A group headed by downtown businessman Sam Guadagnoli, which owns the property, also recently tore down a nearby building that housed the Taste of Philly restaurant.

The demolition of the structures, in the 1600 block of South Nevada, is part of a larger makeover planned along and near Nevada and South Tejon Street - 100 acres designated last year as an urban renewal site by the city's Springs Urban Renewal Authority and the Colorado Springs City Council.

"It really is happening," Guadagnoli said of South Nevada's

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Wed, 19 Oct 2016 19:32:16 -0600
<![CDATA[Forbes ranks Colorado Springs as No. 12 in the nation as a place for business, careers]]> http://gazette.com/forbes-ranks-colorado-springs-as-no.-12-in-the-nation-as-a-place-for-business-careers/article/1588192?custom_click=rss http://gazette.com/forbes-ranks-colorado-springs-as-no.-12-in-the-nation-as-a-place-for-business-careers/article/1588192?custom_click=rss

Colorado Springs, which already has received kudos this year from two prominent national publications as a great place to live, now has been tabbed by Forbes Magazine as a top city for business and careers.

In its 18th annual ranking of metro areas that stand out for their work environments and released on Wednesday, the Springs ranked No. 12 out of the nation's 200 largest cities, according to Forbes. Denver ranked No. 1 for the second straight year.

Forbes said it rated areas based on 14 different factors related to job growth, business and living costs, income growth, quality of life and the education of its workforce.

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Wed, 19 Oct 2016 19:19:43 -0600
<![CDATA[Post-hailstorm car, building material sales boost Colorado Springs revenues]]> http://gazette.com/post-hailstorm-car-building-material-sales-boost-colorado-springs-revenues/article/1588156?custom_click=rss http://gazette.com/post-hailstorm-car-building-material-sales-boost-colorado-springs-revenues/article/1588156?custom_click=rss

A late July hailstorm turned into a bonanza for car dealers and the city of Colorado Springs last month, triggering the biggest monthly gain in sales tax collections in 3½ years.

The $13.9 million collected in September, which reflects sales in August, was up 17.4 percent from September 2015, and the biggest monthly gain since February 2013, according to a report from the city's Finance Department. More than a third of the gain came from a 58.9 percent jump in collections from auto dealers, and along with a 23.2 percent increase in collections from building material retailers, accounts for half of the $2.06 million increase.

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Wed, 19 Oct 2016 15:46:10 -0600
<![CDATA[Colorado Springs Movers & Shakers: Jeff Dinkel]]> http://gazette.com/colorado-springs-movers-shakers-jeff-dinkel/article/1588153?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-jeff-dinkel/article/1588153?custom_click=rss

Jeff Dinkel of the financial services firm Edward Jones recently received a promotion to the position of regional leader for the Southern Colorado/Northern New Mexico region. Dinkel will now be responsible for the firm's branch offices in this region while continuing to help the people of his community with their investment needs.

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Wed, 19 Oct 2016 15:09:49 -0600
<![CDATA[T-Mobile fined millions for selling unlimited data plans that weren't really unlimited]]> http://gazette.com/t-mobile-fined-millions-for-selling-unlimited-data-plans-that-werent-really-unlimited/article/1588155?custom_click=rss http://gazette.com/t-mobile-fined-millions-for-selling-unlimited-data-plans-that-werent-really-unlimited/article/1588155?custom_click=rss

Federal regulators are slapping T-Mobile with millions of dollars in fines and other requirements after consumers complained that the wireless carrier misled them with its advertising on "unlimited" data.

T-Mobile has agreed to pay $7.5 million to the government and to compensate affected consumers with $35.5 million worth of additional mobile data and discounts on phone accessories.

The federal probe, which began last year, targeted T-Mobile's marketing of unlimited data plans. Unlike many phone plans with monthly data caps, unlimited data plans generally don't charge overage fees when a customer uses too much data. But the FCC said Wednesday it had received hundreds of complaints about T-Mobile degrading the mobile data

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]]> Wed, 19 Oct 2016 14:40:02 -0600 <![CDATA[Regulators: Can big banks fend off cyber attack?]]> http://gazette.com/regulators-can-big-banks-fend-off-cyber-attack/article/1588152?custom_click=rss http://gazette.com/regulators-can-big-banks-fend-off-cyber-attack/article/1588152?custom_click=rss WASHINGTON - Federal banking regulators have a new reason to worry that some banks might be too big to fail - cybersecurity.

Collectively, these regulators Wednesday put out a notice of proposed rulemaking that, if enacted, would subject the nation's largest banks to enhanced cyber risk management standards.

"Specifically, the agencies are considering . a requirement that covered entities develop a written, board-approved, enterprise-wide cyber risk management strategy that is incorporated into the overall business strategy and risk management of the firm," they wrote in the proposed rule.

The recent hacks of the Democratic National Committee and of the email accounts of Hillary Clinton's campaign chief John Podesta

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]]> Wed, 19 Oct 2016 14:35:04 -0600 <![CDATA[China growing at 6.7 percent opens window to deliver debt-curb vow]]> http://gazette.com/china-growing-at-6.7-percent-opens-window-to-deliver-debt-curb-vow/article/1588151?custom_click=rss http://gazette.com/china-growing-at-6.7-percent-opens-window-to-deliver-debt-curb-vow/article/1588151?custom_click=rss China's economic growth remained stable in the third quarter, all but ensuring the government's full-year growth target is met and opening a window for policymakers to deliver on vows to rein in excessive credit and surging property prices.

Gross domestic product rose 6.7 percent in the third quarter from a year earlier, matching the median projection by economists surveyed by Bloomberg, and smack in the middle of the government's 2016 goal of 6.5 percent to 7 percent growth. Services industries paced the expansion in the first nine months of the year, expanding 7.6 percent.

Stabilizing growth gives room for policies aimed at containing swelling leverage and curbing excessive financial risks, with IMF researchers among those

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]]> Wed, 19 Oct 2016 14:35:03 -0600 <![CDATA[Leggings sales report should scare every old-school apparel chain]]> http://gazette.com/leggings-sales-report-should-scare-every-old-school-apparel-chain/article/1588149?custom_click=rss http://gazette.com/leggings-sales-report-should-scare-every-old-school-apparel-chain/article/1588149?custom_click=rss It's been clear for some time now that Amazon.com has ambitions of competing more seriously in the fashion business: The e-commerce site has been investing in private-label clothing brands. It launched a nightly, QVC-like streaming show to tout its apparel. And it has lured big-name brands such as Kate Spade to sell goods on its site.

It appears those efforts are paying off. New data from Slice Intelligence, an e-commerce analytics firm, underscores just how much of a threat Amazon now poses to traditional clothing retailers.

Over a one-year period, Slice examined shoppers' online purchases of two wardrobe staples: denim and leggings. The analysis included about 236,000 shoppers, and the findings show that Amazon has hustled

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]]> Wed, 19 Oct 2016 14:35:02 -0600 <![CDATA[Colorado Springs Movers & Shakers: Mark Olson]]> http://gazette.com/colorado-springs-movers-shakers-mark-olson/article/1588072?custom_click=rss http://gazette.com/colorado-springs-movers-shakers-mark-olson/article/1588072?custom_click=rss

Mark Olsen of Colorado Springs has been named a Topper Club Agent by Farmers Insurance for his outstanding achievement and customer focused efforts by the Los Angeles-based, multi-line insurer.

Olsen has more than 30 years' experience as a Farmers Insurance agent. Mark Olsen Insurance Agency is located at 1870 Dublin Blvd., Suite E.

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Wed, 19 Oct 2016 13:47:02 -0600
<![CDATA[Business owners replace idealists in legalization movement]]> http://gazette.com/business-owners-replace-idealists-in-legalization-movement/article/1588132?custom_click=rss http://gazette.com/business-owners-replace-idealists-in-legalization-movement/article/1588132?custom_click=rss

DENVER — Business owners are replacing idealists in the pot-legalization movement as the nascent marijuana industry creates a broad base of new donors, many of them entrepreneurs willing to spend to change drug policy.

Unlike in the past, these supporters are not limited to a few wealthy people seeking change for personal reasons. They constitute a bigger coalition of business interests. And their support provides a significant financial advantage for pro-legalization campaigns.

"It's mainly a social-justice movement. But undoubtedly there are business interests at work, which is new in this movement," said Kayvan Khalatbari, a one-time pot-shop owner and now head of a Denver marijuana consulting firm.

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Wed, 19 Oct 2016 10:43:43 -0600
<![CDATA[Vectrus lays off 64 from headquarters]]> http://gazette.com/vectrus-lays-off-64-from-headquarters/article/1588088?custom_click=rss http://gazette.com/vectrus-lays-off-64-from-headquarters/article/1588088?custom_click=rss

Just two weeks after losing its largest contract, Colorado Springs-based defense contractor Vectrus Inc. laid off 64 employees Tuesday from its headquarters staff.

The company lost a contract Sept. 30 to provide base operations and security support services for the Area Support Group Kuwait that contributed $218 million to its revenue in the first half of the year. Vectrus also lost a major contract in August that accounted for another $93 million in the first half of the year to its global logistics enterprise Army Prepositioned Stock-5 contract in Kuwait and Qatar.

The two contracts combined accounted for half of the $618.6 million in revenue Vectrus generated during the first half of the year.

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Tue, 18 Oct 2016 21:36:45 -0600
<![CDATA[This number is a misleading sign of U.S. labor-market strength]]> http://gazette.com/this-number-is-a-misleading-sign-of-u.s.-labor-market-strength/article/1588071?custom_click=rss http://gazette.com/this-number-is-a-misleading-sign-of-u.s.-labor-market-strength/article/1588071?custom_click=rss The fewest Americans in 42 years are filing applications for unemployment insurance, which on the surface looks like a sign of a historically hot U.S. labor market. The real picture is more complicated.

The decline does reflect overall improvements in hiring, and the headline numbers are impressive. Initial filings have remained below 300,000 for 84 straight weeks - the longest streak since 1970 - and continuing unemployment claims, at 2.05 million, are at the lowest level since 2000.

But the improved job market isn't the only force pushing down the numbers to historical lows.

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Tue, 18 Oct 2016 14:25:25 -0600
<![CDATA[Fed's regional bank boards ramp up the call for a rate increase]]> http://gazette.com/feds-regional-bank-boards-ramp-up-the-call-for-a-rate-increase/article/1588070?custom_click=rss http://gazette.com/feds-regional-bank-boards-ramp-up-the-call-for-a-rate-increase/article/1588070?custom_click=rss The boards of directors at nine of the 12 regional Federal Reserve banks last month sought an increase in the rate on direct loans from the Fed to 1.25 percent from 1 percent, minutes released by the U.S. central bank Tuesday show.

The Atlanta Fed joined the calls for an increase in the discount rate, pushing the number of regional banks asking for a hike to its highest since December 2015. That month was the last time the Fed raised the federal funds rate, a separate interest rate that is its primary policy tool. Discount rate votes can be viewed as a signal of whether a bank's president favors a change in the main rate.

"Most directors noted tighter U.S.

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Tue, 18 Oct 2016 14:24:54 -0600
<![CDATA[Consumer prices rise at fastest pace in five months]]> http://gazette.com/consumer-prices-rise-at-fastest-pace-in-five-months/article/1588069?custom_click=rss http://gazette.com/consumer-prices-rise-at-fastest-pace-in-five-months/article/1588069?custom_click=rss

The cost of living in the U.S. rose at the fastest pace in five months on energy and shelter prices, a sign inflation is getting closer to the Federal Reserve's goal.

The consumer-price index increased 0.3 percent in September from the previous month, matching the median forecast of economists, after a 0.2 percent gain in August, a Labor Department report showed Tuesday. The year-on-year rise was 1.5 percent, the most since October 2014. Excluding volatile food and fuel costs, prices were up 0.1 percent.

Prices have shown a gradual pickup as housing costs continue to climb and the drop in energy prices abates.

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Tue, 18 Oct 2016 14:03:33 -0600
<![CDATA[Moving and shaking with meaning: Dance, music fostered in Colorado Springs]]> http://gazette.com/moving-and-shaking-with-meaning-dance-music-fostered-in-colorado-springs/article/1588068?custom_click=rss http://gazette.com/moving-and-shaking-with-meaning-dance-music-fostered-in-colorado-springs/article/1588068?custom_click=rss

Art is as important to human vitality as air, according to Anne Lauritzen, associate director of the Springs Academy of Dance.

"For me, art is the joy of life. There are essentials to life. There's food, water, shelter and clothing, but art is the reason that those things are essential," she said. "I think without art, life lacks meaning."

Lauritzen, who opened the academy at 4705 Centennial Blvd. with her husband in 2009, believes dance is a highly effective way for people to practice self-improvement.

"I think performing gives you an opportunity to do things like develop a vision, work in a community, set and accomplish goals," she said.

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Tue, 18 Oct 2016 13:52:30 -0600