Oil is falling to around $100 per barrel after a U.S. government report shows supplies grew unexpectedly as demand for gasoline and other petroleum products dropped. Benchmark West Texas Intermediate on Wednesday fell $1.22 to $100.06 per barrel in morning trading in New York while Brent crude lost $1.23 to...
The national economy this year will continue to improve, following the slight upward trend of the 2014 economy, according to a certified financial planner with UMB Financial Corp. Business owners remain optimistic and will spend more money and hire more people this year, predicted KC Mathews. Mathews, executive vice president and chief investment officer at […]
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  A video crew from the destination marketing organization Brand USA captured recreation on Pikes Peak and near Garden of the Gods Aug. 25 to attract more international outdoor enthusiasts to the area. In partnership with the Colorado Springs Convention and Visitors Bureau and Colorado Tourism Office, Brand USA filmed horseback riding and hiking near […]
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Republican Rep. Mike Coffman says members of Congress should follow millions of American workers and give up their pensions. The Republican from suburban Denver says that when Congress returns from recess, he'll suggest cutting the pension available to members with at least five years' service. Coffman says that the bad economy...
Dish Network Corp. posted another loss of subscribers from its slowly dwindling satellite-TV business, even as larger competitor DirecTV adds to its base. Investors, however, were cheered by the announcement of a $2 per share special dividend. Dish shares rose 80 cents, or 3.4 percent, to $24.28 in morning trading Monday...
Stocks slumped again Wednesday as worries about the U.S. economy deepen. The Dow Jones industrial average was down 101 points in afternoon trading, putting in on track for its ninth straight day of losses, the longest losing streak since February 1978. The S&P 500 index was headed for its eighth...
Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending. The ouster of Libyan leader Moammar Gadhafi's could allow the nation to resume oil exports, which have stopped during the country's six-month conflict. That could ease global supply constraints that drove fuel prices to three-year...
It was a stomach-churning summer that most investors would like to forget. The United States lost its top-of-the-line credit rating for the first time. The financial system of Europe seemed ready to collapse. Money managers sifted through data for signs that the economy was about to slide into a new...
Two years after the economic stimulus plan, a new government audit finds that about one-third of the money authorized for an energy efficiency program has not been spent. The Energy Department’s inspector general says that state and local governments have left as much $879 million unspent from a $2.7 billion program intended to boost energy […]
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In November 1988, voters in the six-county Denver Metro Area (Adams, Arapahoe, Boulder, Denver, Douglas and Jefferson) were asked to approve a 1/10 of a cent sales tax for something called the Scientific and Cultural Facilities District. The district’s purpose: “to distribute funds for the support of cultural facilities whose primary purpose is to enlighten […]
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As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that could restrict its authority to act against abuses of the financial system. Republican sponsors of the bill say they are simply trying to promote transparency and accountability in the agency that was created a year ago as […]
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The mountain states ended the year by maintaining their position above neutral growth in a series of economic indicators, according to the Goss Institute of Economic Research monthly economic report. And, looking ahead six months, the economic optimism of supply managers is climbing. “An improving national economy and upturns in residential...