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Entries posted by staff.writer

Industrial production plunges

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Industrial production during October dropped to its lowest level in nine months, reflecting continued troubles in the auto and home–building industries. The Federal Reserve said that output at the nation’s factories, mines and utilities fell by 0.5 percent last month, far below earlier expectations. An overall warmer-than-normal October also contributed to the decline as electricity… Continue Reading Industrial production plunges

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With the winter season at hand and snow in the forecast for next week, the city sent out a message today saying — they’re checking your walk, and they’re checking it twice. City officials say they will step up enforcement this year of a city ordinance that requires sidewalks to be cleared of snow within… Continue Reading City cracking down on negligent snow shovelers

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Holland & Hart launch immigration law blog

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Immigration law can be a tricky landscape for employers to navigate. To offer some direction, local law firm Holland & Hart has launched an Immigration Law blog to help employers understand and comply with immigration laws that frequently change. The firm’s immigration attorneys will write about developments in employment eligibility and verification programs as well… Continue Reading Holland & Hart launch immigration law blog

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For the first time ever, Starbucks saw its in-store traffic drop — by 1 percent — during the summer. So, the retail coffee giant is taking steps to ensure it’ll meet its growth goals. The company will launch its first national television advertising campaign today with prime-time ads airing between now and Christmas. District managers… Continue Reading Starbucks traffic slows, store expansion cut by 100

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John Morse appointed to Joint Budget Committee

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Senate Democrats played a game of musical chairs today, and when the music stopped, Colorado Springs found itself with representation on the Joint Budget Committee. Democrats selected John Morse of Colorado Springs to fill a seat on the JBC. The leadership shakeup follows the resignation of former Senate President Joan Fitzgerald, who resigned two days… Continue Reading John Morse appointed to Joint Budget Committee

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IRS has $110 Million in unclaimed returns

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The Internal Revenue Service is looking for 115,478 taxpayers who are due refund checks worth about $110 million. The checks were mailed but returned as undeliverable. The refund checks, averaging about $950 each, can be claimed as soon as taxpayers update their addresses with the IRS. Some taxpayers have more than one check waiting. “The… Continue Reading IRS has $110 Million in unclaimed returns

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The level of outstanding commercial and multifamily mortgage debt grew by 3.4 percent during the second quarter of this year, according to the Mortgage Bankers Association’s Federal Reserve Board Flow of Funds data. The 3.4 percent increase brings the total debt to about $3.1 trillion, an increase of $103.8 billion from the first quarter. Multifamily… Continue Reading Commercial investments grow 3.4 % in third quarter

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The age requirement to qualify for a reverse mortgage keeps getting younger. Melville, N.Y.-based Lender Lead Solutions has introduced Simple60, a new reverse mortgage product available to homeowners aged 60 and older. Reverse mortgages offered to date have required that borrowers be at least 62 years old. And couples applying for a reverse mortgage must… Continue Reading 60 is the new 62 for reverse mortgage standards

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County gains 114 acres for open space

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The El Paso County Environmental Services Department has acquired nearly 114 acres of land to be used for open space, trails and parks. The land is adjacent to Latigo Trails Subdivision northeast of the intersection of Woodmen and Meridian roads. El Paso County’s land development code requires developers to dedicate land or fees for regional… Continue Reading County gains 114 acres for open space

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Mortgage applications show slight rise

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Mortgage application volume increased 5.5 percent last week, according to the Mortgage Bankers Association’s weekly application survey. The MBA’s mortgage application index rose to 707.3, from 670.6 the previous week. The survey provides a snapshot of mortgage lending activity among mortgage bankers, commercial banks and thrifts. It covers about 50 percent of all residential retail… Continue Reading Mortgage applications show slight rise

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