U.S. housing starts climbed 2.3 percent in August, a bright spot in the economy, said Bloomberg. It’s the strongest pace of new family construction in two years, and shows a recovering real estate market. Mortgage rates are at all-time lows, and cheaper properties are driving sales. Read more at Bloomberg.
The new owner of Boulder’s Foothills Mall is seeking more upscale tenants, said the Coloradoan. The company that bought Foothills in July said only a handful of tenants would be allowed to stay in the mall. They plan to terminate leases for the Arc Thrift Center and Ross Dress for Less. Read more at the […]
Ramtron, a semiconductor company in Colorado Springs, will be acquired by Cypress Semiconductor Corp. of San Jose, Calif., said the Denver Business Journal. The deal is worth about $109.8 million, and marks the end of a months-long pursuit by Cypress. Several other offers were rejected by Ramtron’s board. Read more at the Denver Business Journal.
Aspen plans to bid on the third Pro Challenge bike race, said the Aspen Times. All Aspen’s hotel rooms were booked for two nights of the race, officials say. That’s enough to want another chance to have the event in town. But some want the name changed to showcase Colorado. Read more at the Aspen […]
United Airlines ranked last in on-time arrivals and departures – but first in consumer complaints, reports the Chicago Tribune. The results are part of data released by the U.S. Department of Transportation that found the airline was on time 64.1 percent of the time in July. No other major carrier was below 77 percent. Read […]
The U.S. unemployment rate would be about 7 percent – except that U.S. consumers are uncertain about the economy and economic policy, said the Washington Post. Federal Reserve researchers found that consumer uncertainty has led the private sector to respond by cutting jobs and reducing inventories. Doubt has played a larger role in the 2008 […]
FedEx Corp. trimmed its full-year outlook as demand for its premium services fell, said Bloomberg. The package-delivery company said Europe’s economic slump and slowing Asian economies were affecting its bottom line. FedEx is the world’s largest cargo airline and is considered a bellwether of the economy because of its global reach and size. Read more […]
Denver will be the site of the latest U.S. Patent Office, set to open in fall 2013, said the Denver Post. Initially, the office will have about 125 employees. The office has already started hiring administrative law judges and patent examiners. Read more at the Denver Post.
The Denver Business Journal is reporting on a new poll that says small business owners in Colorado and the nation favor President Barack Obama. The survey was conducted by George Washington University and thumbtack.com. And 39 percent of respondents said Obama was more supportive of small businesses, while 31 percent said Mitt Romney was. The […]
The number of visitors at the Dinosaur National Monument was up 47 percent, said the Summit County Citizens Voice. The newspaper reports that the $13 million visitors center, a new addition to the monument, created the tourism traffic. More than 44,000 people visited the Dinosaur National Monument this summer. Read more at the Summit County […]