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Consumers turning the retail corner?

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The National Retail Sales Federation says retail sales saw their first gain in six months, a sign consumers may be turning the corner. The organization said sales rose 0.7 percent during August over July, but fell 4.3 percent from the same month last year. Those figures do not include auto, gas and restaurant sales, a… Continue Reading Consumers turning the retail corner?

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Colorado Springs is recovering from the recession in nearly every area except housing. A study by the Brookings Institute places Colorado Srpings’ economic indicators near the top half of 100 metro areas nationwide. The city ranks in the top 10 for the lowest unemployment rate. Housing prices made it 43rd on the list, while employment… Continue Reading Strong recession recovery

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Chinese-Colorado connection reinforced

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More than 30 representatives of Chinese companies attended a Chinese Chamber of Commerce Machinery and Electronics meeting last week hosted by Gov. Bill Ritter in Denver. Business representatives from Colorado and China signed a memorandum of cooperation designed to promote business investments, cooperation and job-creation. The agreement targeted several economic sectors, including renewable energy, clean… Continue Reading Chinese-Colorado connection reinforced

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Capital summit will showcase 40 companies

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Looking for investment capital for your business? Forty companies will be selected to present at the Angel Capital Summit on Nov. 17 at the Colorado Convention Center in Denver. Touted as the best capital forum from the west coast to Chicago, the summit is hosted by Rockies Venture Club, and hundreds of investors are expected… Continue Reading Capital summit will showcase 40 companies

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The Federal Deposit Insurance Corp. is encouraging the new owners of failed banks to consider temporary reductions in mortgage payments for troubled borrowers who have lost their jobs. Such a move could not only prevent foreclosures but also relieve pressure from the Deposit Insurance Fund, which guarantees depositors in the event of bank failures. “With more… Continue Reading FDIC: Banks should be lenient with troubled borrowers

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Frontier ends Denver-Grand Junction flight

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Frontier Airlines has ended its Denver-Grand Junction flights effective today. Officials said the route, which was created about 16 months ago, was not as popular as expected. About 3,250 passengers boarded for the route last month. United Airlines still offers daily nonstop flights between Denver and Grand Junction.

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While the final numbers aren’t in,  ticket sales for this year’s Sunday on the Town event were “softer” than previous years. The annual event is billed as a chance to showcase downtown restaurants, retail and culture – as well as to raise money for the Colorado Springs Philharmonic. This year, 21 restaurants offered samples of their cuisine and… Continue Reading Sunday on the Town attendance down

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Stimulus money goes to Springs arts groups

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Three local arts organizations will each receive $10,000 in federal stimulus money allocated by the National Endowment for the Arts. The Colorado Springs Philharmonic Orchestra, the Springs-based Rocky Mountain Women’s Film Festival and Theatreworks at the University of Colorado at Colorado Springs will be awarded grants. The money is a portion of the $568,040 being… Continue Reading Stimulus money goes to Springs arts groups

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Memorial Health System will not offer flu or H1N1 vaccinations this year. “We think there are so many other places to get flu shots – even at Walgreens,” said spokesman Chris Valentine. “We decided last year that resources were not being adequately used in a flu shot clinic – and that they could be better used elsewhere.”… Continue Reading Memorial won’t, but Penrose will, offer flu shots

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Ute Pass Express: So far, so-so

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About 60 percent of all Teller County and 40 percent of Woodland Park residents commute to Colorado Springs to work each week — and a few of them take the Ute Pass Express to and from downtown Colorado Springs. The two-way commuter service makes stops in Green Mountain Falls and Manitou Springs and downtown Colorado… Continue Reading Ute Pass Express: So far, so-so

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