The Associated Press General Motors Corp. today reported a $38.7 billion loss for 2007, the largest annual loss ever for an automotive company Executives said the company will make a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help. The earnings report and buyout offer […]
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The Internal Revenue Service this week began offering tips for requesting the telephone excise tax refund. Early tax returns show some people are making basic mistakes, others are requesting excessive refunds and many are missing out on the refunds, altogether.
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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 […]
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You may not have known it, but last week was National Save for Retirement Week. There weren’t any televised tickertape parades, and no one was likely given a paid day off work — the wages to be deposited directly into a 401(k), of course. Congress passed the special resolution last week.
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The stock market always recovers. Since 1926, the stock market, as measured by the Standard & Poor’s 500 index, has had 58 years of positive returns and only 24 years of negative returns. Historical odds are 8-to-1 that the market will be down by 10 percent or more during any single year, and 2-to-1 that […]
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Domestic partners face unique challenges in their retirement planning, including steep upfront costs to create retirement income options that come more easily for married couples.
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If you’re unfulfilled at work, stuck on the corporate treadmill or recently lost your job — that doesn’t necessarily mean you should seek out venture capital or start your own business. Investing in entrepreneurs who have “no chance” at success squanders resources and “misdirects human capital,” said Thomas Duening, El Pomar Chair for Business and […]
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Chances are that the capital gains rate will not increase during 2008, but many people will want to sell businesses, since this is the lowest the rate will be.
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Shannon Rogers is a 39-year-old go-getter. Formerly executive director at the Senior Resource Council, Rogers recently accepted a new position as sales and relationship manager with Discover Goodwill of Southern and Western Colorado. Tell us how you professionally grew with your previous job. The Senior Resource Council executive director position was a great introduction into […]
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Adams Bank & Trust, which has two branches in Colorado Springs, has received $21 million through the federal Small Business Lending Program to loan to small businesses. In 2010, Congress set aside $30 billion for the Small Business Lending Fund — which is meant to get capital into banks that have less than $10 billion […]
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Colorado Springs-based Air Academy Federal Credit Union has merged with Independent Group Credit Union. The merger brings the credit union’s assets to more than $303 million, and membership to more than 45,000. Independent Group Credit Union’s office at 705 N. Nevada Ave. will take on the Air Academy Federal Credit Union name, but remain staffed with Independent Group’s employees.
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It’s time to count our blessings and focus on the positive. Colorado is in a healthier position than the rest of the West, California, Oregon, Nevada, the Southeast, Florida and South Carolina, said Nathaniel Karp BBVA Compass U.S. chief economist. And the high-technology sector will help Colorado recover more quickly than other states. “Compared to […]
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