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Entries posted by staff.writer

Colorado Springs to appeal Pueblo water ruling

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In this month’s Reed Construction Data report about the Rocky Mountain region, comes news that Colorado Springs Utilities is ready to appeal a November water line ruling of Pueblo District Court Judge Dennis Maes to the Colorado Court of Appeals. CSU plans to build a $1 billion pipeline to carry water from Pueblo Reservoir up… Continue Reading Colorado Springs to appeal Pueblo water ruling

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Whole Foods to nix plastic grocery bags

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Whole Foods Market is getting rid of disposable plastic bags at checkout stands across all its 270 stores in the United States, Canada and the United Kingdom. The goal is to be plastic-bag free by Earth Day, on April 22. The natural foods grocer is also declaring today “Bring Your Own Bag Day.” The chain… Continue Reading Whole Foods to nix plastic grocery bags

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A Colorado Springs law firm is working to help high school students produce public service announcements about underage drinking and driving. McDivitt Law Firm is working with the “My PSA” contest to ask students in grades nine through 12 to produce a 30-second commercial to discuss thoughts about the dangers of underage drinking and driving.… Continue Reading Students sought to make drunk-driving awareness video

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The Associated Press The New York City Board of Health voted yesterday to approve a new version of a law requiring fast-food outlets to display calorie counts on menus, hoping the fat-filled truth will shock New Yorkers into eating healthier. The regulation, which takes effect March 31, was altered slightly after a judge rejected the… Continue Reading Do you want 600-calorie fries with that?

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One week before its scheduled policy meeting, The Federal Open Market Committee cut the federal funds target rate by 75 basis points today, lowering the key rate to 3.5 percent. “This is an affirmation of our worst fears – we are not in a position that can be reversed at this point,” said Fred Crowley,… Continue Reading Fed cuts rate, Pikes Peak region safer from recession

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Raytheon sells oil-extracting technology

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The Associated Press Defense contractor Raytheon Co. is selling technology to a large oilfield services firm that hopes microwaves will someday become a key tool in unlocking the vast but hard-to-extract oil reserves in the West’s underground shale deposits. Much as a microwave oven heats food, Raytheon’s technology relies on microwaves to generate underground heat… Continue Reading Raytheon sells oil-extracting technology

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Earnings dive for Bank of America, Wachovia

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The Associated Press Hurt by the deepening credit crisis, Bank of America Corp. said Tuesday its fourth-quarter earnings fell 95 percent, and Wachovia Corp. reported its earnings tumbled 98 percent. Net income at Bank of America, the nation’s second-largest bank, dropped to $268 million, or 5 cents per share, in the three months ending Dec.… Continue Reading Earnings dive for Bank of America, Wachovia

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Researchers have different opinions about economic trends in the construction industry, based on 2007 data. For the year, McGraw Hill reported total construction was down by 11 percent last year, compared to a 3-percent drop during 2006. Modest declines were reported for nonresidential building and non-building construction (public works and utilities), which were offset by… Continue Reading McGraw Hill, Federal Reserve differ on construction industry

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State of the Region Luncheon

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The Greater Colorado Springs Chamber of Commerce will host the State of the Region Luncheon Jan. 30 at Norris Penrose Event Center, 1045 W. Rio Grande St. The State of the Region presentation will include an open dialogue about the future of El Paso County and a reflection on the region’s accomplishments during 2007 The… Continue Reading State of the Region Luncheon

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A report today from the Food and Drug Administration contains some disturbing news – that surgeons leave parts of medical devices inside patients nearly 1,000 times a year. “Patients may not be aware that this has occurred,” said Dr. Daniel Schultz, director of the FDA Center for Devices and Radiological Health. “CDRH receives nearly 1,000… Continue Reading Medical devices left inside patients 1,000 times a year

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