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IRS offers economic stimulus answers

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The Internal Revenue Service has released additional information about the economic stimulus payments on its Web site. The site gives answers for recipients of Social Security, Railroad Retirement benefits and certain veterans’ or survivors’ benefits. Millions of people in these groups who normally don’t file will need to file a 2007 tax return in order… Continue Reading IRS offers economic stimulus answers

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The Associated Press CLEVELAND_The nation’s foreclosure crisis has led to a painful irony for homeless people: On any given night they are outnumbered in some cities by vacant houses. Some street people are taking advantage of the opportunity by becoming squatters. Foreclosed homes often have an advantage over boarded-up and dilapidated houses abandoned because of… Continue Reading Vacant, foreclosed homes outnumbering homeless

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Sorry, Staples, no deal

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The Associated Press BOSTON_Corporate Express NV on Tuesday swiftly rejected an unsolicited buyout offer from Staples Inc., saying the office products supplier’s $3.67 billion bid was too low. Staples, the world’s largest office products supplier with more than 2,000 stores, disclosed Tuesday it had offered to pay a hefty premium in an all-cash bid for… Continue Reading Sorry, Staples, no deal

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Airbus seats to be manufactured in Springs

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Airplane manufacturer Airbus has chosen the Goodrich Corp. to provide cabin attendant seats for the A320 line of planes. The seats will be produced at Goodrich Interiors’ facility in Colorado Springs. The work is expected to generate $100 million in revenue to support new production aircraft, retrofit sales and spares during the life of the… Continue Reading Airbus seats to be manufactured in Springs

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Corporate pension plans in flux

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With 77 million baby boomers headed for retirement, nearly every facet of corporate pension plans will be subject to analysis and change. That’s the result of discussions from the recent “Pensions and Retirement Conference” held by The Conference Board. The decline in defined benefit plans and the rise in defined contribution plans – combined with… Continue Reading Corporate pension plans in flux

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China’s foreign investment up 109 percent

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The Associated Press BEIJING_China attracted $11.2 billion in foreign investment in January, up 109.8 percent from the same month last year, the government said Monday. The Commerce Ministry, which reported the figure in a one-sentence statement, gave no explanation for the sharp rise. China’s economy is growing strongly at a time when investors are worried… Continue Reading China’s foreign investment up 109 percent

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Blu-ray beating HD in DVD war

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The Associated Press TOKYO _Sony’s Blu-ray technology is emerging as the likely winner in the format battle for the next generation of DVD players after Toshiba appeared ready to ditch its HD DVD business. Such a move would help consumers know which system to invest in and would likely boost sales in Blu-ray gadgets, analysts… Continue Reading Blu-ray beating HD in DVD war

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Pay state taxes online

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Colorado residents can now pay their state taxes online. The Colorado Department of Revenue reported this week that Coloradans now can pay individual income tax and estimated individual income tax, as well as past due amounts by using an electronic check, MasterCard or Visa on the department’s Web site. The service also allows estimated payments… Continue Reading Pay state taxes online

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Grants destined for El Paso, Teller counties

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The State Historic Fund has awarded 60 historic preservation grants totaling $7,124,311, and portions of that money will fund four El Paso County projects. The Drennan Community School Building preservation project was awarded $199,736. Located in rural El Paso County, the building will be renovated for municipal use and will be fueled by green technology.… Continue Reading Grants destined for El Paso, Teller counties

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Industrial production rises in January

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The Associated Press WASHINGTON _The nation’s industrial output posted a modest increase in January as strength at utilities offset weakness in manufacturing and mining. The Federal Reserve reported Friday that industrial production rose by 0.1 percent in January, matching the December increase. The slight January gain was in line with economists’ expectations. Manufacturing output was… Continue Reading Industrial production rises in January

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