<![CDATA[Colorado Springs Gazette RSS - business]]> http://gazette.com/rss/business Tue, 22 May 2018 17:51:41 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA['Wake-up call': Vegas casino workers vote on citywide strike]]> http://gazette.com/wake-up-call-vegas-casino-workers-vote-on-citywide-strike/article/feed/566422?custom_click=rss http://gazette.com/wake-up-call-vegas-casino-workers-vote-on-citywide-strike/article/feed/566422?custom_click=rss

LAS VEGAS (AP) — Hundreds of unionized Las Vegas casino workers gathered at a university arena in red T-shirts and work uniforms as they voted Tuesday on whether to call for a citywide strike that could have huge financial implications for the tourist-dependent destination.

Members of the Culinary Union cast ballots in the first of two separate sessions expected to draw as many as 25,000 workers and show the collective power of the largest labor organization in Nevada.

A majority yes vote would not immediately affect the casinos but would give union negotiators a huge bargaining chip by allowing them to call on a strike at any time starting June 1.

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]]> Tue, 22 May 2018 18:42:39 -0600 <![CDATA[AP Explains: Congress moves to roll back Dodd-Frank law]]> http://gazette.com/ap-explains-congress-moves-to-roll-back-dodd-frank-law/article/feed/566512?custom_click=rss http://gazette.com/ap-explains-congress-moves-to-roll-back-dodd-frank-law/article/feed/566512?custom_click=rss WASHINGTON (AP) — Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride.

By the time the Great Recession ended in June 2009, almost no one was spared.

Home prices fell 30 percent on average, the unemployment rate nearly doubled and the S&P 500 lost about half its value. The net worth of U.S. households and nonprofit organizations fell by nearly $14 trillion, about 20 percent.

In the midst of a presidential election, Washington struggled in its response. The bankruptcy of Lehman Brothers and the takeover of Merrill Lynch tu

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]]> Tue, 22 May 2018 18:36:37 -0600 <![CDATA[Science and commercial satellites launched from California]]> http://gazette.com/science-and-commercial-satellites-launched-from-california/article/feed/566435?custom_click=rss http://gazette.com/science-and-commercial-satellites-launched-from-california/article/feed/566435?custom_click=rss

LOS ANGELES (AP) — A SpaceX Falcon 9 rocket successfully launched a pair of U.S.-German science satellites and five commercial communications satellites into orbit from California on Tuesday.

The rocket roared off from a pad at Vandenberg Air Force Base at 12:47 p.m. and arced over the Pacific Ocean west of Los Angeles as it headed toward the South Pole.

Its upper stage deployed the research satellites minutes after reaching orbit. The satellites for Iridium Communications' next-generation fleet were released in a process completed a little more than an hour after liftoff.

The Falcon 9's first stage was previously used for a launch from Florida in January. SpaceX did not attempt to recover it this time.

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]]> Tue, 22 May 2018 18:34:05 -0600 <![CDATA[Pruitt promises action on rising threat from contaminants]]> http://gazette.com/pruitt-promises-action-on-rising-threat-from-contaminants/article/feed/566509?custom_click=rss http://gazette.com/pruitt-promises-action-on-rising-threat-from-contaminants/article/feed/566509?custom_click=rss

WASHINGTON (AP) — Soaring numbers of water systems around the country are testing positive for a dangerous class of chemicals widely used in items that include non-stick pans and firefighting foam, regulators and scientists said Tuesday.

The warnings, and promises by Environmental Protection Agency chief Scott Pruitt of official action to confront the related health risks, came in a summit with small-town and state officials increasingly confronting water systems contaminated by the toxic substances.

Pruitt convened the conference as part of his pledge to step up EPA action on the family of contaminants. "It's clear this issue is a national priority," Pruitt said. The summit drew chemical industry representatives, tribal of

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]]> Tue, 22 May 2018 18:21:24 -0600 <![CDATA[Michigan OKs tax incentives for Detroit projects, Amazon]]> http://gazette.com/michigan-oks-tax-incentives-for-detroit-projects-amazon/article/feed/566506?custom_click=rss http://gazette.com/michigan-oks-tax-incentives-for-detroit-projects-amazon/article/feed/566506?custom_click=rss

LANSING, Mich. (AP) — Michigan's economic development board awarded $618 million in tax incentives on Tuesday for a $2.1 billion development project in Detroit that includes a 58-story building on the site of the iconic former J.L. Hudson department store — the first use of new state tax breaks for "transformational" redevelopment work.

The Strategic Fund board approved the package for Bedrock Management Services, along with a separate $4 million grant for Amazon to locate a warehouse in the Grand Rapids area.

The office, retail, residential and hotel project in downtown Detroit has four construction sites covering 6 acres.

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]]> Tue, 22 May 2018 18:12:25 -0600 <![CDATA[Cohen partner pleads guilty in deal requiring cooperation]]> http://gazette.com/cohen-partner-pleads-guilty-in-deal-requiring-cooperation/article/feed/566492?custom_click=rss http://gazette.com/cohen-partner-pleads-guilty-in-deal-requiring-cooperation/article/feed/566492?custom_click=rss

NEW YORK (AP) — A longtime business partner of President Donald Trump's personal lawyer Michael Cohen, whose business dealings are being scrutinized by federal prosecutors, pleaded guilty on Tuesday in a state tax fraud case that requires him to cooperate in any ongoing investigation, according to a person briefed on the deal.

Yellow cab magnate Evgeny "Gene" Freidman, the so-called Taxi King of New York, pleaded guilty to a single count of tax fraud in an Albany courthouse, almost a year after state prosecutors and tax authorities charged him with pocketing $5 million in mandatory, per-ride transportation fees.

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]]> Tue, 22 May 2018 18:12:13 -0600 <![CDATA[Congress moves to dismantle key post-crisis bank rules]]> http://gazette.com/congress-moves-to-dismantle-key-post-crisis-bank-rules/article/feed/566417?custom_click=rss http://gazette.com/congress-moves-to-dismantle-key-post-crisis-bank-rules/article/feed/566417?custom_click=rss WASHINGTON (AP) — Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.

The House voted 258-159 to approve legislation rolling back the Dodd-Frank law, notching a legislative win for President Donald Trump, who made gutting the landmark law a campaign promise.

The Republican-led legislation, pushed by Wall Street banks as well as regional banks and smaller institutions, garnered 33 votes from House Democrats. Similarly, the bill splintered Democrats into two camps when the Senate voted 67-31 to approve it in March.

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]]> Tue, 22 May 2018 17:56:19 -0600 <![CDATA[Amazon urged not to sell facial recognition tool to police]]> http://gazette.com/amazon-urged-not-to-sell-facial-recognition-tool-to-police/article/feed/566467?custom_click=rss http://gazette.com/amazon-urged-not-to-sell-facial-recognition-tool-to-police/article/feed/566467?custom_click=rss

SEATTLE (AP) — Amazon's decision to market a powerful face recognition tool to police is alarming privacy advocates, who say the tech giant's reach could vastly accelerate a dystopian future in which camera-equipped officers can identify and track people in real time, whether they're involved in crimes or not.

It's not clear how many law enforcement agencies have purchased the tool, called Rekognition, since its launch in late 2016 or since its update last fall, when Amazon added capabilities that allow it to identify people in videos and follow their movements almost instantly.

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]]> Tue, 22 May 2018 17:04:27 -0600 <![CDATA[EPA blocks some media from summit, then reverses course]]> http://gazette.com/epa-blocks-some-media-from-summit-then-reverses-course/article/feed/566487?custom_click=rss http://gazette.com/epa-blocks-some-media-from-summit-then-reverses-course/article/feed/566487?custom_click=rss

NEW YORK (AP) — A reporter for The Associated Press was grabbed by the shoulders and shoved out of an Environmental Protection Agency building by a security guard Tuesday for trying to cover a meeting on water contaminants in which some reporters were welcomed and others were not.

An aide to EPA Administrator Scott Pruitt later called to apologize to AP reporter Ellen Knickmeyer and said the incident is being looked into. Knickmeyer, who said she was not hurt, was later let into the meeting when the EPA reversed course and opened it to all reporters.

Representatives from CNN and E&E News, which covers energy and environment issues, were also initially barred from the meeting.

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]]> Tue, 22 May 2018 16:49:55 -0600 <![CDATA[The Latest: House OKs bill rolling back banking rules]]> http://gazette.com/the-latest-house-oks-bill-rolling-back-banking-rules/article/feed/566488?custom_click=rss http://gazette.com/the-latest-house-oks-bill-rolling-back-banking-rules/article/feed/566488?custom_click=rss WASHINGTON (AP) — The Latest on legislation to roll back rules for banks (all times local):

5:45 p.m.

Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis.

The House voted 258-159 to approve legislation rolling back the landmark Dodd-Frank law, sending the bill to President Donald Trump. He is poised to sign it into law to deliver on a campaign pledge of gutting Dodd-Frank.

The Republican-led bill, which already cleared the Senate in March, garnered votes from some House Democrats.

The legislation increases fivefold, to $250 billion in assets, the threshold at which banks are deemed so big and plugged into the financial grid that if o

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]]> Tue, 22 May 2018 16:48:40 -0600 <![CDATA[Congress moves to dismantle key rules for banks that came in wake of financial crisis; notches legislative win for Trump]]> http://gazette.com/congress-moves-to-dismantle-key-rules-for-banks-that-came-in-wake-of-financial-crisis-notches-legislative-win-for-trump/article/feed/566482?custom_click=rss http://gazette.com/congress-moves-to-dismantle-key-rules-for-banks-that-came-in-wake-of-financial-crisis-notches-legislative-win-for-trump/article/feed/566482?custom_click=rss WASHINGTON (AP) — Congress moves to dismantle key rules for banks that came in wake of financial crisis; notches legislative win for Trump.

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Tue, 22 May 2018 16:44:40 -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 ___

US and China work on ZTE rescue; Mnuchin denies quid pro quo

WASHINGTON (AP) — The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business. President Donald Trump said Tuesday that the deal might require ZTE to revamp its board and to pay a fine of $1 billion or more. The ZTE talks occur after the U.S. and China over the weekend suspended plans to impose tariffs on as much as $200 billion in each other's goods, pulling back from the brink of a trade war. China on Tuesday made a conciliatory gesture by cutting the tariff on imported vehicles to 15 percent from 25 percent, effective July 1.

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]]> Tue, 22 May 2018 16:26:46 -0600 <![CDATA[Stocks sink late as smaller companies and industrials fade]]> http://gazette.com/stocks-sink-late-as-smaller-companies-and-industrials-fade/article/feed/566429?custom_click=rss http://gazette.com/stocks-sink-late-as-smaller-companies-and-industrials-fade/article/feed/566429?custom_click=rss

NEW YORK (AP) — Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days.

Large industrial companies like Boeing, 3M and Caterpillar slipped, and retailers including Kohl's, AutoZone and Advance Auto Parts fell after releasing their quarterly results. Energy companies fell as crude oil gave up an early gain. Smaller companies had their worst day of the month as a winning streak that brought them to all-time highs came to an end.

For most of the day stocks were on track for small gains. Automakers rose after China said it will reduce duties on imported cars in July, a sign the U.S.

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]]> Tue, 22 May 2018 16:13:15 -0600 <![CDATA[The Latest: Commercial satellites deployed by SpaceX rocket]]> http://gazette.com/the-latest-commercial-satellites-deployed-by-spacex-rocket/article/feed/566440?custom_click=rss http://gazette.com/the-latest-commercial-satellites-deployed-by-spacex-rocket/article/feed/566440?custom_click=rss

VANDENBERG AIR FORCE BASE, Calif. (AP) — The Latest on the launch of seven satellites from California (all times local):

2:10 p.m.

A SpaceX rocket launched from California has successfully deployed five communications satellites.

The deployment of the commercial Iridium Communication's satellites Tuesday followed the release of a pair of U.S.-German science satellites designed to study the movement of water masses across the Earth.

The communications satellites are part of Iridium's $3 billion effort to replace its entire globe-circling fleet with next-generation orbiters.

The first stage of the SpaceX Falcon 9 rocket was used previously for a launch in January.

There was no attempt to recover it thi

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]]> Tue, 22 May 2018 16:12:00 -0600 <![CDATA[Hunter accused of giving bribes for African elephant kill]]> http://gazette.com/hunter-accused-of-giving-bribes-for-african-elephant-kill/article/feed/566446?custom_click=rss http://gazette.com/hunter-accused-of-giving-bribes-for-african-elephant-kill/article/feed/566446?custom_click=rss

DENVER (AP) — U.S. prosecutors have indicted the owner of a South African hunting company, accusing him of bribing Zimbabwean officials while guiding a Colorado tourist and working to have the ivory tusks of an elephant that the group illegally killed inside a national park imported to the United States.

Prosecutors in Colorado said Hanno van Rensburg took a hunting party to the area around Gonarezhou National Park in Zimbabwe to hunt elephants in 2015. The Colorado client shot one elephant that did not die. The group then tracked the animal into the national park but could not find it, according to prosecutors.

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]]> Tue, 22 May 2018 16:00:22 -0600 <![CDATA[Movers & Shakers: Jamie Cross]]> http://gazette.com/movers-shakers-jamie-cross/article/1626434?custom_click=rss http://gazette.com/movers-shakers-jamie-cross/article/1626434?custom_click=rss

Jamie Cross has joined The Independence Center as a home health scheduler. She will handle client scheduling, client care, payroll preparation for field staff and family caregivers, and work as an emergency on-call certified nursing assistant for the Colorado Springs area.

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]]> Tue, 22 May 2018 13:55:02 -0600 <![CDATA[McDonald's workers file sex harassment claims]]> http://gazette.com/mcdonalds-workers-file-sex-harassment-claims/article/1626412?custom_click=rss http://gazette.com/mcdonalds-workers-file-sex-harassment-claims/article/1626412?custom_click=rss

NEW YORK — Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities.

The workers — one of them a 15-year-old from St. Louis — alleged groping, propositions for sex, indecent exposure and lewd comments by supervisors. According to their complaints, when the women reported the harassment, they were ignored or mocked, and in some cases suffered retaliation.

The legal effort was organized by Fight for $15, which campaigns to raise pay for low-wage workers.



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Tue, 22 May 2018 10:30:13 -0600
<![CDATA[Colorado Springs gas prices soar to 3-year high]]> http://gazette.com/colorado-springs-gas-prices-soar-to-3-year-high/article/1626394?custom_click=rss http://gazette.com/colorado-springs-gas-prices-soar-to-3-year-high/article/1626394?custom_click=rss

"Pay at the pump" is taking on new meaning as motorists prepare to head out for the Memorial Day weekend.

Colorado Springs-area gas prices averaged $2.785 for a gallon of unleaded regular Monday - an almost 53-cent increase from a year ago and reaching their highest level locally since they averaged $2.80 in August 2015. That's according to a survey of 246 Springs-area gas outlets by GasBuddy.com, the online service that tracks prices nationwide.

AAA, the national travel organization, found prices in Colorado Springs on Monday averaged a fraction higher at $2.793, also 53 cents above last year at this time.

Motorists traveling outside Colorado Springs will find similar trends.

Nationally, gas prices averaged $2.



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Tue, 22 May 2018 10:29:43 -0600
<![CDATA[Colorado Springs hotel industry sets records in April]]> http://gazette.com/colorado-springs-hotel-industry-sets-records-in-april/article/1626392?custom_click=rss http://gazette.com/colorado-springs-hotel-industry-sets-records-in-april/article/1626392?custom_click=rss

Record-setting attendance at the Space Symposium last month fueled a record-setting April for the Colorado Springs hotel industry with the occupancy rate rising to 74.5 percent, the highest occupancy for April since at least 1990, according to the Rocky Mountain Lodging Report.

Last month's occupancy rate eclipsed the previous record for April of 73.4 percent set in 1996 and was up from 70.4 percent in April 2017, when attendance at the four-day conference at The Broadmoor surged to a record 14,000. The occupancy rate for local hotels has increased for six consecutive months after declining for five months in a row between June and October. The occupancy rate for the first four months of the year increased to 63.3 percent from 60.



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Mon, 21 May 2018 17:32:47 -0600
<![CDATA[Movers & Shakers: Paul Reu]]> http://gazette.com/movers-shakers-paul-reu/article/1626383?custom_click=rss http://gazette.com/movers-shakers-paul-reu/article/1626383?custom_click=rss

Paul Reu has been promoted to principal by RTA Architects after spending 10 years with the Colorado Springs-based architectural firm. He previously was an associate architect for 14 years at James W. Nakai & Associates and for nearly five years at James A. Childs & Associates. He has a bachelor's degree in architecture from University of Oregon. His recent projects include the St. Francis Medical Center expansion and the William J. Hybl Sports Medicine and Performance Center at the University of Colorado at Colorado Springs.

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]]> Mon, 21 May 2018 14:50:01 -0600 <![CDATA[Colorado Springs defense contractor Polaris Alpha to be sold with eye toward faster growth]]> http://gazette.com/colorado-springs-defense-contractor-polaris-alpha-to-be-sold-with-eye-toward-faster-growth/article/1626375?custom_click=rss http://gazette.com/colorado-springs-defense-contractor-polaris-alpha-to-be-sold-with-eye-toward-faster-growth/article/1626375?custom_click=rss

Colorado Springs-based defense contractor Polaris Alpha will be acquired May 31 by California-based engineering and construction giant Parsons in a deal designed to accelerate Polaris Alpha's growth in cybersecurity, battlefield management, small satellites and other advanced technologies.

The transaction will give Parsons nearly 800 employees in Colorado, including 350 Polaris Alpha employees in Colorado Springs and 100 in the Denver area, that will be merged into Parsons' federal contracting unit during the next 12 to 18 months, said Carey Smith, who heads the unit. Terms of the deal, announced to employees early Monday, were not disclosed since both companies are privately held.



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Mon, 21 May 2018 11:47:04 -0600
<![CDATA[Ride sharing giants quickly seize major share of Colorado Springs market]]> http://gazette.com/ride-sharing-giants-quickly-seize-major-share-of-colorado-springs-market/article/1626165?custom_click=rss http://gazette.com/ride-sharing-giants-quickly-seize-major-share-of-colorado-springs-market/article/1626165?custom_click=rss

Ride sharing giants Uber and Lyft captured a major share of passengers in their first year serving the Colorado Springs Airport in 2017, airport data show.

They have hammered Colorado Springs Transportation, which operates as zTrip, say annual reports the company filed with the Colorado Public Utilities Commission.

zTrip journeys last year were down 45.8 percent from 2014, the year Uber and Lyft expanded into the Springs, to just 297,569, and revenue fell by nearly half as the company lost $1.02 million.

Trip numbers have declined every year since 2014 for zTrip, formerly Yellow Cab of Colorado Springs.



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Mon, 21 May 2018 08:38:08 -0600
<![CDATA[Starbucks: You don’t have to buy coffee to sit in our cafes or use our restrooms]]> http://gazette.com/starbucks-you-dont-have-to-buy-coffee-to-sit-in-our-cafes-or-use-our-restrooms/article/1626364?custom_click=rss http://gazette.com/starbucks-you-dont-have-to-buy-coffee-to-sit-in-our-cafes-or-use-our-restrooms/article/1626364?custom_click=rss

Starbucks is now allowing people to use its restrooms and sit in its cafes and patios even if they do not buy anything.

The coffee giant on Saturday announced its new policy, which says that customers, including those who did not make a purchase, can come to its cafes and stay — as long as they behave properly.

The announcement comes about five weeks after a manager at a Philadelphia Starbucks called the police on two young black men who had arrived at the coffee shop early for a business meeting. One or both had asked to use the bathroom but were told they couldn’t because they had not bought anything.



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Sun, 20 May 2018 19:36:56 -0600
<![CDATA[Treasury Secretary Steven Mnuchin says US and China putting trade war on hold]]> http://gazette.com/treasury-secretary-steven-mnuchin-says-us-and-china-putting-trade-war-on-hold/article/1626350?custom_click=rss http://gazette.com/treasury-secretary-steven-mnuchin-says-us-and-china-putting-trade-war-on-hold/article/1626350?custom_click=rss

WASHINGTON — Treasury Secretary Steven Mnuchin said Sunday that the United States and China are stepping back from a possible trade war after two days of talks that produced "meaningful progress."

Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did get a number of commitments on a framework for reducing the deficit over time, including big increases in purchases of farm products and a doubling of purchases of U.S. energy products.

"We are putting the trade war on hold," Mnuchin said on "Fox News Sunday."

Because of the progress made in negotiations, Mnuchin said the Trump administration has agreed to put on hold punitive tariffs



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Sun, 20 May 2018 10:53:28 -0600
<![CDATA[Flowerama closes after more than 20 years at corner of Platte Avenue and Circle Drive]]> http://gazette.com/flowerama-closes-after-more-than-20-years-at-corner-of-platte-avenue-and-circle-drive/article/1626257?custom_click=rss http://gazette.com/flowerama-closes-after-more-than-20-years-at-corner-of-platte-avenue-and-circle-drive/article/1626257?custom_click=rss

Two popular businesses that have operated for more than 20 years southeast of Platte Avenue and Circle Drive are leaving as Rhode Island-based pharmacy chain CVS takes over the site.

Flowerama, the floral shop that's operated at the corner for nearly 22 years, closed Friday. With CVS' arrival, and now in their mid 60s, owners Anne and Bruce Hardy have decided to retire rather than hunt for a new location.

"It's been 22 years and this has been an amazing corner," Anne Hardy said. "It's very, very bittersweet. The community has been just beyond wonderful. And all the people coming in and giving us well wishes.



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Sat, 19 May 2018 21:02:31 -0600
<![CDATA[It's Your Money: Investing in a volatile market]]> http://gazette.com/its-your-money-investing-in-a-volatile-market/article/1626313?custom_click=rss http://gazette.com/its-your-money-investing-in-a-volatile-market/article/1626313?custom_click=rss

When investing in the stock market, remember that markets will fluctuate and there will be years with negative returns. Keep a long-term perspective and don't make decisions based on short-term volatility.

Events impacting the market are generally less catastrophic than they first appear. The media and industry pundits tend to exaggerate negative information to create news and get attention. It's natural to assume that things are different this time or there is more geopolitical and economic uncertainty than normal. But economic and political events always feel more traumatic while we are living through them.

Volatility and unrest are not unusual when we look back at historical events impacting the market over the years.



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Sat, 19 May 2018 13:17:18 -0600
<![CDATA[Money & the Law: Information available on health care costs]]> http://gazette.com/money-the-law-information-available-on-health-care-costs/article/1626311?custom_click=rss http://gazette.com/money-the-law-information-available-on-health-care-costs/article/1626311?custom_click=rss

Mark Twain was fond of saying: "Everybody talks about the weather, but nobody does anything about it." The same can be said for health care cost transparency.

Several years ago, I was trying to schedule one of those unpleasant medical procedures you're supposed to have when you reach AARP eligibility age. Since I had high deductible health insurance, I wanted to know what this would cost. But neither the hospital nor the doctor's office could (or would) tell me. Instead, I was given a range - from x dollars to 10 times x dollars.

I continue to be amazed when I see a statement of benefits from a health insurance company showing the difference between what a health care provider has charged and what is actually paid.



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Sat, 19 May 2018 13:16:58 -0600
<![CDATA[Colorado Springs area business events starting May 20]]> http://gazette.com/colorado-springs-area-business-events-starting-may-20/article/1626307?custom_click=rss http://gazette.com/colorado-springs-area-business-events-starting-may-20/article/1626307?custom_click=rss Seminars, networking opportunities and other business-related events in and around Colorado Springs.



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Sat, 19 May 2018 13:15:06 -0600
<![CDATA[Dollar Tree coming to former Rite Aid building at Platte and Circle in Colorado Springs]]> http://gazette.com/dollar-tree-coming-to-former-rite-aid-building-at-platte-and-circle-in-colorado-springs/article/1626250?custom_click=rss http://gazette.com/dollar-tree-coming-to-former-rite-aid-building-at-platte-and-circle-in-colorado-springs/article/1626250?custom_click=rss

Dollar Tree stores seem to grow on trees; the "everything's $1" retailer has 16 locations in Colorado Springs and around the Pikes Peak region, the chain's website shows.

One of Dollar Tree's newest stores, however, will do more than just provide another outlet for discount groceries, health and beauty supplies, household goods and other items. It will help spruce up a tired intersection in the heart of Colorado Springs.

Dollar Tree, based in Chesapeake, Va., has signed a lease to open at the northwest corner of Platte Avenue and Circle Drive. The store will take over a long vacant, roughly 13,200-square-foot building that housed a Rite Aid pharmacy years ago.



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Fri, 18 May 2018 21:57:13 -0600
<![CDATA[Colorado jobless rate falls to 2.9 percent]]> http://gazette.com/colorado-jobless-rate-falls-to-2.9-percent/article/1626247?custom_click=rss http://gazette.com/colorado-jobless-rate-falls-to-2.9-percent/article/1626247?custom_click=rss Colorado's unemployment fell in April to 2.9 percent after spending the previous seven months at 3 percent, the U.S. Bureau of Labor Statistics reported Friday. The state's jobless rate was 2.6 percent in April 2017.

The unemployment rate fell because employers created jobs at a faster rate than residents entered the labor market. A separate survey (the jobless rate comes from a survey of households) of employers found businesses, non-profits and government agencies created 7,200 jobs last month, continuing a trend this year of accelerating job growth.

The bureau's report also showed that average hourly earnings in April rose 4.3 percent from a year earlier to $28.91.

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