House lawmakers are urging the administration to apply more pressure on what they call China’s “predatory” trading practices, but show division on whether to pass legislation punishing China for manipulating its currency. House Ways and Means Committee members presented a long list of grievances they say contribute to China’s massive trade advantage, including its undervalued […]
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Frontier Airlines will stop all flights out of Colorado Springs in April. The Colorado Springs Airport was notified this week that Frontier Airlines will discontinue its service in Colorado Springs. The move follows an announcement in mid-January, when Frontier announced that it would reduce its service in an out of the Colorado Springs Airport during […]
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The dollar is falling against the euro and most other major currencies ahead of a meeting of European Union leaders. Investors expect that the summit, taking place Thursday, will produce some sort of agreement to help stem the region’s debt crisis. Talks will focus on a new aid package for Greece and ways to stop […]
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The Mountain States region is showing signs that it could beat a double dip recession, according to the September report of the Goss Institute for Economic Research. But the business confidence index has slumped to a recessionary level, according to the report. And there are some economic indicators that are...
President Barack Obama is heading to Denver to pitch his jobs plan in the city where he accepted the Democratic nomination. But as he’s acknowledged at fundraisers up and down the West Coast, this election isn’t like 2008. Obama told a star-studded Hollywood fundraiser Monday night that this time around people are weary, and the […]
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Following a recent trend, 410 call center employees are being laid off in Colorado Springs this fall; however, other customer service centers seem eager to employ them. “If someone wants to stay working in call centers, they easily can,” said Jennifer Pierceall Herman, the industry relations manager for the Pikes Peak Workforce Center. “As soon […]
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President Barack Obama said Friday Congress has a "unique opportunity to do something big" and stabilize the U.S. economy for decades by cutting deficits at the same time it raises the national debt limit ahead of a critical Aug. 2 deadline. He warned starkly that failure would mean "effectively a...
The news headlines might scream that this is the worst economic recovery ever, but one economist said it mirrors past recoveries, and in some areas is even better. “This recovery is falling in line with the last two recoveries,” said Jim Paulsen, Wells Capital Management chief investment strategist. At this rate,...
A potential buyer has expressed interest buying the full capacity of a planned transmission line to carry Wyoming wind power to Colorado. LS Power is the developer of the Wyoming Colorado Intertie line, which will stretch 180 miles from near Wheatland to near Brush, Colo. Adam Gassaway of LS Power has...
Mac McClung was working Tuesday in his Woodland Park shop, Bad Rock Automotive, when a mini flash mob surrounded him and began taking pictures. The group, from Pikes Peak Area Rotary Clubs, surprised him with a check for $2,000. It was a collective business hug and the group gave out two that day and has […]
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Colorado could lose as much as $366 million in federal funding for education, clean water, law enforcement and other state or local services if Congress doesn’t stop sequestration efforts, according to the Colorado Fiscal Policy Institute, a nonprofit, nonpartisan advocacy organization. The House of Representatives passed a budget that would cut 22 percent of the […]
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Molson Coors says third-quarter profit tumbled 23 percent despite revenue growth because it was burdened by higher costs, the poor U.S. economy and surprisingly weak sales in the U.K. Molson Coors Brewing Co. and other major beer makers have struggled with weak sales as their core consumers — young men...