Car sales up in Colorado

Demand for new cars and trucks is up in Colorado, and is much higher than the nation as a whole, said the Denver Business Journal. The Colorado Automobile Dealers Association is reporting that the sale of new cars and truck sis up 20.6 percent for the first eight months of the year. Nationally, vehicle registrations […]
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Weak export data from Japan caused Wall Street to falter, said the Chicago Tribune. However, the good news for the market was that Greece is planning a meeting with European officials to secure funding to push through more reforms. Japan’s exports tumbled to the lowest levels in six months in July, however, troubling news in […]
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President Barack Obama is set to undo some of the regulations put in place after the dot-com crash in the 1990s, according to Bloomberg. One measure in the bill will ease securities rules for closely held firms, and restore communication between bank research and underwriting arms. Those links were restricted in 2003 by regulators and […]
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Denver’s Sports Authority Field at Mile High was number 6 on the list of best places to tailgate, said the Denver Business Journal. The list was compiled by Cheapflights.com. Read more at the Denver Business Journal.
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Sears Holding Corp. hopes to raise $770 million by selling 11 stores and separating smaller businesses, said Bloomberg. The troubled company say selling the rights to the Hometown and Outlet shops and some hardware stores could raise as much as $400 to $500 million. The 11 sites will be sold to General Growth Properties for […]
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Orders for U.S. durable goods rose in September by the most in six months, reports Bloomberg. Demand for goods that are meant to last at least three years rose 1.3 percent, meaning that manufacturing is supporting the expansion of the economy. Expanding overseas economy and a drop n the dollar of 14 percent are main […]
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Allstate just ended its first  quarter owning Esurance, an online auto insurance company. Allstate paid $1 billion for the company in order to get more online business, said the Chicago Tribune. Allstate was late to the online market, with 90 percent of its premiums being written by agents.  However, customers prefer to buy policies online, […]
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A shadowy hacker group in the Middle East is wreaking havoc on U.S. banking sites, reports the Los Angeles Times. The group calls itself Izz ad-Din al-Qassam Cyber Fighters, and has caused denial-of-service for customers of Wells Fargo, U.S. Bancorp and Bank of America. So far, no personal data has been compromised, the banks say. […]
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More Colorado school districts are moving to a four-day school week, reports the Denver Post. The move to a streamlined school week came from tighter budgets and increased energy costs. But the jury’s still out about whether or not it actually saves more money. By cutting the school week, schools save on transportation, food and […]
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At least seven bills championed by the business community died yesterday when the House of Representatives recessed without voting on them, said the Denver Business Journal. The bills – which include one that would have lowered unemployment taxes for businesses – were collateral damage from a fight over civil unions. Today is the last day […]
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Garages and fix-it shops are booming in the wake of the recession, as more people put off buying a new car, reports the Los Angeles Times. Auto repair shops sometimes have waiting lists as consumers don’t want to purchase a new car when something goes wrong with the old one. Read more at The Los […]
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CenturyLink is restructuring its Colorado operations and the move will mean a loss of more than 170 jobs, according to the Denver Business Journal. The restructuring starts a year after CenturyLink took over from Qwest Communications, and will mean breaking apart its business markets group. About 1,300 jobs are affected nationwide. Read more at the […]
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