McDivitt Law Firm will pay for Yellow Cab rides within Colorado Springs this New Year’s Eve. Attorney Mike McDivitt said he came up with the idea after he was startled by a recent survey that ranked Colorado Springs as the nation’s third drunkest city. “I love this town, and I just didn’t dream we’d have […]
Merrill Lynch & Co. reported the biggest quarterly loss in its 93-year history after $8.4 billion worth of writedowns. The third-quarter loss of $2.24 billion, or $2.82 a share, was about six times higher than the New York-based company estimation on Oct. 5. Merrill Lynch wrote down the value of subprime mortgages, asset-backed bonds and […]
The Garden of the Gods Bank is changing its name to The Eastern Colorado Bank, effective Oct. 3. In a letter to customers, Megan Harmon, regional president and CEO, said the bank has spent a year preparing for the transition. The name change streamlines customer communication. “In renaming our bank, we are actually going back […]
The Internal Revenue Service will provide tax relief to individual and business taxpayers affected by, flooding, landslides and mudslides in Colorado. The IRS announced this week that some taxpayers in the counties of Adams, Boulder, El Paso, Larimer and Weld will receive tax relief, and other locations may be added in coming days following additional […]
Whistle blowers who file retaliation claims under a provision of the Sarbanes-Oxley Act hardly ever win, and the reason appears to be the motives behind the filings. So says the University of Nebraska-Lincoln College of Law, which plans to release study results next month of more than 700 Occupational Safety and Health Administration filings made between August 2002 and July 2005.
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Robin Roberts took a seat under some bright lights and the video cameras started rolling. Roberts, the president of Pikes Peak National Bank, talked about the thing she loves most: community banks’ relationship with small businesses. Community banks are small businesses themselves, she said, so they know the challenges and the needs that come with […]
“Colorado is a wealthy state,” said Dr. Richard Wobbekind, director of the Business Research Division and associate dean for external relations at the University of Colorado’s Leeds School of Business. Colorado has the eighth highest per capita income in the United States. During 1990, the state was 20th, and during 2001 it was sixth, because of substantial increases in wealth for a decade because of technology.
Taxpayers are creative when it comes to explaining why they haven’t filed their income tax returns. According to a survey commissioned by H&R Block, more than half said they are too busy, too scared or too good at coming up with another excuse.
FirstBank contributed $4.2 million to more than 1,000 nonprofit organizations across the state in 2011. FirstBank Holding Company, the Lakewood-based holding company for the locally owned banking organization in Colorado, released the results today of its annual community investment program. Since 2000, FirstBank has donated more than $36 million to area nonprofits. “FirstBank invests heavily […]
Small-business owners often want assistance from outside sources, and while that may come in the form of education on the many aspects of operating a successful business, the foremost need is generally financial. Community banks, big banks and credit unions are the obvious places to seek additional capital for a company, but there are also […]
Financial giant JPMorgan has announced plans to cut about 4,000 jobs, mostly from its consumer banking and mortgage divisions. The move also could hint at a new direction for JPMorgan, one toward a leaner staff. The cuts only amount to a 1.5 percent workforce reduction for the bank, but the news comes on the heels of […]
You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on that over the next two weeks, when banks report their results from the last three months of the […]