International demand for U.S. assets rose in January as investors sought a safe place to invest away from the European debt crisis, according to Bloomberg News. Net buying of equities, bonds and notes was $101 billion for the month. Read more at Bloomberg.
Crocs beat analysts expectations and posted a first quarter profit, according to the Denver Business Journal. However, company officials expect a gloomier report in the second quarter, the paper said. Crocs posted a net income for the first quarter of $28.3 million. Read more at the Denver Business Journal.
A bill to fund training programs for people collecting unemployment benefits has passed the House of Representatives, according to the Denver Business Journal. It now heads to the Senate. House Bill 1272 would extend a business-backed program that pays for the unemployed to get new job training to enter a new field. Read more at […]
The creditworthiness of U.S. banks is at risk because of problem in Europe, reports Bloomberg. Fitch Ratings said the fear of contagion is rising here – and could grow worse if a solution to the crisis isn’t reached soon. The country’s six biggest banks have $50 billion in risk tied to the troubled nations of […]
Politics and a tough financial market are causing new energy companies to lose steam, according to the Denver Post. Former Colorado Gov. Bill Ritter was one of many speakers outlining the challenge at the National Renewable Energy Laboratory’s forum in Denver. The forum allows owners of start-up companies to meet venture capitalists. Read more at […]
DocX, which provided foreclosure documents for banks nationwide, is facing forgery chargers in Missouri – one of the few cases where there have been criminal charges filed in widespread abuse of homeowners’ rights, reports the New York Times. A grand jury in Boone County, Mo., came back with 136 indictments against the company, alleging that […]
Colorado scored a D+ for the open government and ethics laws its enacted, according to the Grand Junction Daily Sentinel. the state ranked 33rd in the nation, but received the only D+ given by State Integrity Investigation, the first-of-its-kind database that examines all 50 states laws and regulations. Read more at the Grand Junction Daily […]
In Microsoft’s first foray into the netbook market, it unveiled the Surface tablet yesterday, says the Los Angeles Times. Touted as a cross between tablets and netbooks, the company showed models with 10.6-inch widescreen displays, built-in kickstands and keypads that attached magnetically. Read more at the Los Angeles Times.
In order to cut costs, Sears Holding Co., will close 62 stores in the first six months of 2012, according to Bloomberg News. The closings include 43 Sears Hometown stores, 10 Sears Hardware stores and nine The Great Indoors stores. Sears said last month it planned to raise as much as $770 million by selling […]
Foreclosure filings in Colorado’s urban counties were up slightly in February from the previous year, but auction sales were at a five-year low, according to the Denver Business Journal. Filings rose 3.7 percent in February from 2011 levels, but auction sales were down 6.7 percent from a year earlier. Read more at the Denver Business […]
Colorado’s troubled high-risk health insurance pool is asking the federal government for $15 million, twice what it originally asked for, says the Denver Post. Colorado got $5 billion out of a $90 billion pool to help high-risk patients receive insurance after the Affordable Care Act passed. Extemely high costs from the “sickest of the sick” […]
Federal money normally used to train jobless workers for new fields is ending, as the economy improves, reports the New York Times. Across the country, work force centers that assist the unemployed are being asked to do more with less as federal funds dwindle for job training and related services. Read more at the New […]