Denver has been rated second in the West for its small business climate, only Salt Lake City scored higher, according to the Denver Business Journal. Denver was compared to 22 other metropolitan cities across the west by G. Scott Thomas. Read more about the analysis at the Denver Business Journal.
Denver employees suggested ending the Taxpayer Bill of Rights and “de-Brucing” property taxes as ways to balance the city’s budget, according to the Denver Post. Denver is facing a $90 million shortfall in 2013, which includes $30 million that is a result of declining revenues. Employees suggested asking voters to end TABOR, which requires Denver […]
Wal-Mart is the subject of a U.S. Justice Department probe into alleged bribery in its Mexican division, Bloomberg reports. The Justice Department is investigating whether the retail giant violated the Foreign Corrupt Practices Act. Wal-Mart is conducting its own review of allegations that its representatives paid local officials in Mexico to get stores opened faster […]
The gap between bank deposits and loans is still growing, said Bloomberg, so banks are using the extra cash to buy U.S. Treasuries at the fastest pace since 2010. Deposits increased by 3.3 percent to $8.88 trillion, but lending only rose .7 percent to $7.11 trillion. Read more at Bloomberg.
Not willing to rest on the popularity of Facebook games like “Farmville” and “Cityville,” Zynga is spending money to acquire other online companies, said Bloomberg. In its first year as a publicly traded company, Zynga is turning to M&A to expand into new regions and markets such as mobile games. The biggest maker of social […]
The Colorado Tourism Office is facing a $5 million cut to its budget, reports the Denver Post. The Joint Committee is recommending the tourism office budget be set at $9.6 million, which would represent a 50 percent cut from 2010 levels. Tourism officials objected, and asked that the budget be flagged in case more money […]
Nearly two years after the Gulf oil spill disaster, deep water drilling is back up to speed in the Gulf of Mexico – and is gaining ground around the world, according to the New York Times. After a yearlong moratorium on drilling, BP and other oil companies are picking up the pace of exploration and […]
Former U.S. Sen. Rick Santorum won three states yesterday – changing the race for the Republican nomination, reports the Denver Post. Santorum beat Mitt Romney 35 percent to 40 percent, according to the Colorado count. He also bested Romney in Missouri and Minnesota. Read more at the Denver Post.
State lawmakers passed a resolution recognizing the importance of wind energy after the U.s. Congress failed to renwe tax credits that the wind industry says are essential to widespread use of the alternative energy source, reports the Pueblo Chieftain. Ten state Republicans voted against the bill in order to show their support for traditional energy […]
Frustrated bank customers are now cashing checks at Wal-Mart – foregoing banks altogether. Wal-Mart charges a flat $3 fee to cash checks, and customers who say they are being nickeled-and-dimed by banks have decided to forego checking accounts completely. The New York Times is reporting that the retail giant gave up plans for a federal […]
Community theater companies have proliferated in Colorado Springs in the past several years. “If you wanted to, you could probably see a live show just about every weekend,” said Emory John Collinson, vice president of the Springs Ensemble Theatre. The biggest companies, the Fine Arts Center Theatre and Theatreworks, dominate the scene. As part of […]