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American Greetings gets offer to go private

American Greetings Corp. said Wednesday that a group led by its CEO and chief operating officer wants to buy the company and take it private in a deal that values it at about $581 million. The Cleveland-based greeting card company’s shares jumped 16 percent on the news. American Greetings said its board received the proposal… Continue Reading American Greetings gets offer to go private

Colorado unemployment system broken

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   The director of Colorado’s unemployment department says the system is broken and many people are having trouble getting their checks. Colorado Department of Labor director Ellen Golombeck says the computer system the state uses is more than 20 years old and it’s inefficient. Golombeck said the state has approved a $72 million system paid… Continue Reading Colorado unemployment system broken

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Morgan Stanley renames wealth management business

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Morgan Stanley said Tuesday that its U.S. wealth management business, Morgan Stanley Smith Barney, has been renamed Morgan Stanley Wealth Management. The business manages $1.7 trillion in client assets through a network of 17,000 people in 740 locations. Earlier this month, the company reached a deal with Citigroup Inc. to increase its majority stake in… Continue Reading Morgan Stanley renames wealth management business

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The Air Force says the first radar site in a new system to track satellites and space junk will be built on Kwajalein  Island in the Republic of the Marshall Islands. The Air Force Space Command, based at Peterson Air Force Base, said Tuesday construction on the new radar station is expected to start in… Continue Reading Space Command to start construction on space fence in 2013

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Colorado officials take sides in fracking dispute

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Some 60 mayors and city council members from 17 communities have asked Gov. John Hickenlooper to have the state drop a lawsuit over fracking that challenges oil and gas drilling rules adopted by the city of Longmont. The signers include the entire boards of Carbondale, Crested Butte, Lyons, Westminster and Bennett. At issue is whether… Continue Reading Colorado officials take sides in fracking dispute

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US orders Discover to refund $200M to cardholders

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Discover Bank will pay millions in fees to settle accusations by U.S. regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. Discover, the sixth-biggest U.S. credit card issuer, will pay a $14 million fine and refund $200 million directly to more than 3.5 million customers, federal… Continue Reading US orders Discover to refund $200M to cardholders

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Space shuttle Endeavour takes to California skies

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Space shuttle Endeavour took off Friday morning on a sightseeing tour of California, the last aerial hurrah before retiring to a Los Angeles museum. Hitching a ride on top of a jumbo jet, the pair departed Edwards Air Force Base, 100 miles north of Los Angeles, circling the high desert that gave birth to the… Continue Reading Space shuttle Endeavour takes to California skies

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US unemployment claims fell last week to 382,000

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  The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak. The Labor Department said Thursday that applications declined by 3,000 from the previous week, which was revised up. The four-week average, a less volatile measure, rose for the fifth straight week… Continue Reading US unemployment claims fell last week to 382,000

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Japan’s central bank joins Fed in easing policy

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  Japan’s central bank on Wednesday ramped up its efforts to spur economic growth, following similar steps by central bankers in the United States and Europe.   The Bank of Japan announced it would boost the size and duration of a government bond-buying program that’s intended to encourage borrowing and spending and make Japan’s exports… Continue Reading Japan’s central bank joins Fed in easing policy

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Same-sex partner benefits advances in Pueblo

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The Pueblo City Council has revived a proposal to let city employees have same-sex domestic partners added to their insurance less than a week after it was rejected. A public hearing and final vote is scheduled for Oct. 9. Councilmembers at a study session Monday say they previously rejected the proposal because of unanswered questions,… Continue Reading Same-sex partner benefits advances in Pueblo

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