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For several years, Colorado Springs resident Tim Chase had been looking at Manitou Springs, largely a tourism business market, as a potential spot for an enterprise. He just didn’t know what type of business might fit in among the rows and rows of boutiques and restaurants. He has owned several businesses, worked as a business consultant and… Continue Reading Retail roundup: Entrepreneur finds rare Manitou market niche in bike shop

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So far the Pikes Peak region’s residential real estate prices are holding their own, but high-end neighborhoods have begun to reflect a broader downward trend. Overall home prices decreased 8.44 percent during March compared to a year ago, according to First American CoreLogic’s latest Home Price Index report. During February 2009, Colorado Springs registered a… Continue Reading High-end housing enters downward price trend

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June job cuts the lowest in 15 months

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National job cuts during June were the lowest in 15 months. At 74,393, the announcements dropped below 100,000 for the first time since September, and were 33 percent lower than the 111,182 layoffs announced during May. These layoffs were the fewest since March 2008, when 53,579 were announced. Historically, job cuts decline in the second… Continue Reading June job cuts the lowest in 15 months

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NEW YORK (AP) – Soap and lotion seller Crabtree & Evelyn, which has a store in The Citadel mall, filed for Chapter 11 protection on Wednesday, a victim of the recession and management missteps. The pressure of repaying debt forced the company to file for bankruptcy, Acting President Stephen Bestwick said in a court filing.… Continue Reading Crabtree & Evelyn files for Chapter 11 protection

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WASHINGTON (AP) – The economic downturn appears to be bringing out the worst in some people.The Federal Trade Commission announced a major crackdown Wednesday on scammers trying to take advantage of people worried about the tough economy by promising jobs that don’t exist, get-rich-quick schemes and other phony services. The biggest case involved a California… Continue Reading Government cracking down on recession schemes

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Warning: Prices for pieces of Michael Jackson memorabilia listed on eBay are likely inflated. The Better Business Bureau of Southern Colorado sent out warning to consumers this morning, advising them that the value of the enormous number of online auction items is largely sentimental and that prices will probably drop. The warning said that many… Continue Reading BBB issues warning to unwary about Michael Jackson memorabilia

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David Somers has accepted the job as executive director of the Colorado Springs Center for Nonprofit Excellence. Somers most recently served as manager of Education Programs for the U.S Olympic Committee and also owns a local communications business. Somers takes over for Lynne Telford, who announced she would be stepping down a few weeks ago. As… Continue Reading Center for Nonprofit Excellence has new director

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Penrose St. Francis Health Services received the women’s health excellence award from HealthGrades. Hospitals that receive the award rank among the top 5 percent of all hospitals nationwide for providing care to women in areas involving heart attacks, congestive heart failure, pneumonia, chronic obstructive pulmonary disease, stroke, cardiovascular procedures and bone and joint health. In… Continue Reading Penrose awarded for excellence in women’s health

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The Associated Press and Army Times report that Fort Carson might get to keep more than $500 million to improve its facilities even though it’s no longer receiving a new brigade combat team. A Defense Department budget bill for the year ending Sept. 30, 2010, that was approved by the Senate Armed Services Committee this… Continue Reading Fort Carson funding could stay though troops not coming

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AG recovers $5 million in Medicaid fraud

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The Medicaid Fraud Control Unit in Colorado recovered more than $5.3 million in settlements and restitution for the 2008-2009 fiscal year. The money compensates the state for Medicaid payments made to providers as the result of fraud, waste and abuse of public money. “The unit’s work serves as a warning to those who are considering… Continue Reading AG recovers $5 million in Medicaid fraud

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