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The Colorado Supreme Court this week overturned a lower court’s decision that would have made it easier to file class-action suits against businesses. The suit, Farmers Insurance Exchange v. Benzing, concerned a class action suit for “fraud on the market” under the Consumer Protection Act alleging that Farmers did not notify customers that purchasing uninsured… Continue Reading State Supreme Court decides in favor of business in ‘fraud on market’ suit

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At first glance, the Credit Card Holders’ Bill of Rights seems to protect consumers, because it would ban retroactive rate hikes, double-cycle billing, misleading contract language and issuance to applicants under age 18. But financial industry pundits don’t support all components of the bill because of what it could cost the banking industry. The bill,… Continue Reading Credit card bill hailed by consumers, abhorred by bankers

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Governor signs job-creation legislation

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Gov. Bill Ritter today signed legislation that he believes will help companies create new jobs, allow Colorado to compete for new businesses and strengthen community college job-training programs to better meet workforce needs of emerging industries. “The two bills I signed today mark a key step toward our long-term vision of creating a modern, knowledge-based… Continue Reading Governor signs job-creation legislation

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Thirty women – or, chicks and their peeps, rather – were trailed Friday night by a red wagon and rubber ducks with “Chick in Charge” name tags, during Manitou Springs’ first Chick Crawl, a retail promotional event to draw female shoppers. And, by most accounts the event was a success. Jewelry was “flying out the… Continue Reading Chicks hit Manitou Friday for retail crawl

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Work has started on the $15 million condo project, 28 West, that will overlook Monument Valley Park. The location at 28 West Monument St. sat vacant for years without any building plans until architect David Barber, builder Mike Branan and developer Bob Elliott announced plans for the project last fall. But, in Colorado Springs many… Continue Reading Monument Valley Park condos on their way up

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Want to know what the plans are for this year’s Pikes Peak or Bust Rodeo Parade, Fan Fest and Pride Fest in downtown Colorado Springs? The City of Colorado Springs’ Special Events Committee will host a meeting to discuss the events at 1:30 p.m. May 12 in the Regional Building Department, 2880 International Circle. The… Continue Reading Meeting scheduled to discuss rodeo parade, Fan Fest and Pride Fest

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While there’s good, even if surprising, news from the mortgage employment sector – that hiring has shot up – persistent layoffs are outnumbered hirings, leaving a net job loss in the sector, according to MortgageDaily.com. Mortgage layoffs exceeded hiring by 1,751 during the first quarter, improving from a net loss of 7,783 positions in the prior… Continue Reading Mortgage sector hiring again – but not yet stemming losses

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For the first time in the state’s history, an overnight operation moved 167,000 courses of antiviral medications to fight the H1N1, or swine, flu to 13 different sites throughout the state, including El Paso County, even though there have been no confirmed cases in the county. Shipments were made to Alamosa, Araphahoe, Boulder, Denver, Eagle,… Continue Reading State, El Paso County haul in H1N1 medication

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Estee Lauder profit falls 70 percent

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(A.P.) Cosmetics company Estee Lauder on Monday said its fiscal third-quarter profit slid 70 percent due to restructuring charges and declining sales, but results managed to beat analysts’ estimates. The company, which is in the midst of a restructuring under a new chief executive, earned $27.2 million, or 14 cents per share, compared with $90.1… Continue Reading Estee Lauder profit falls 70 percent

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Wind energy has received a favorable report from the Department of Labor, just as Colorado made the list of top 10 states for wind energy production and the General Assembly considers new “green” energy legislation during the final days of the session. The DOE study shows that renewable electricity standard would reduce fuel prices for all sectors,… Continue Reading Renewable energy receives favorable support state, federal levels

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