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Better-than-expected economic growth and strong home sales in the U.S. are pushing the dollar higher against most major currencies. The Commerce Department said that the economy grew at a 1.7 percent annual rate in the April-June quarter. That’s better than its initial estimate of 1.5 percent. Separately, the National Association of Realtors said that its […]
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An instrumental piece of rock and roll history is going public. Fender Musical Instruments Corp., the maker of legendary guitars strummed by the likes of Buddy Holly, Jimmy Hendrix and Eric Clapton, filed papers Thursday for a $200 million initial public offering. Founded in 1946 by Leo Fender, the company created the Telecaster and Stratocaster […]
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Four out of 10 Americans say they are spending less before the upcoming presidential election out of fear that the outcome will affect their paychecks, according to a new survey by NetCredit. The people most concerned are those nearing retirement, ages 50 to 59, with more than half saying they are spending less in the […]
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Colorado Springs as an economic hub is like an awkward-aged adolescent who is not quite a teen-ager and is no longer an adolescent – a “tweener,”  said a national expert who studies why businesses relocate to certain cities or regions. The Springs has a favorable reputation in the national business world with its decent distribution […]
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Colorado’s economic indicators slipped in May, but remain healthy, according to information from the Goss Institute for Economic Research. Employment, production and sales, inventory and new orders are all still above national levels, however. “Durable goods producers are outperforming non-durable goods manufacturers in the state,” he said. “Heavy manufacturers are adding employees at the same […]
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ACS, a Xerox company, is planning to hire 225 people for its call center operations in Colorado Springs. Positions include agents and supervisory positions, according to Bill McKee, spokesman for Xerox. ACS was bought by Xerox last year for $6.5 billion. The acquisition makes Xerox one of the largest back-office service providers in the nation. […]
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But Springs isn’t active part of regional work on unified business-seeking effort The goals for the Colorado Springs Regional Business Alliance and the state’s new Colorado Blueprint are pretty much the same for creating business growth in the Pikes Peak region — but the state is working without the full support and cooperation of the […]
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Jobs, they are the talk of the town. They are the subject of forums, meetings, reports, committees and task forces. People are talking about the loss of them, the effect of the loss of them, the reason why they were lost and how to get them back. Despite all the talk, they remain elusive in […]
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Since the merger, 13 employees - nearly half the total combined staff - have resigned or were asked to leave their jobs.
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Einstein Bros. Bagels new location on a prominent downtown corner could be the first of several new locations in the Colorado Springs area. “Colorado Springs is an underdeveloped market for us, and we felt like it was a good time to expand in that area,” said Mike Ellis, executive vice president of franchise development. He […]
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  The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June.   The report led some economists to downgrade their estimates for economic growth in the April-June quarter. Many now think the economy grew even less than in the […]
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On Monday afternoon, downtown hotelier and entrepreneur Perry Sanders formally abandoned his quest to repurpose Antlers Park as the sports and events center as part of a City for Champions proposal, stating he had found “a better downtown site.” Sanders confirmed the previous site was a last-ditch choice, brought forward because of time constraints. Unless […]
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