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Stacy Thomson, a veteran retail store employee, has taken the ownership plunge and opened a store in Old Colorado City. Thomson, along with her husband, Vern, opened Recess, a children’s consignment boutique at 1721 W. Colorado Ave. on May 26. The pair plan a grand opening June 13, when they’ll offer food, music and a… Continue Reading Retail Roundup: Recess in Old Colorado City, Othos at Chapel Hills

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NEW YORK (AP) – Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers are posting disappointing May sales, and food and necessities remained high on shoppers’ lists. According to a Goldman Sachs/ICSC tally, overall same-store sales fell 4.6 percent, worse than the 3 percent drop predicted. The lower-than-expected… Continue Reading Consumer confidence higher but not lifting bottom lines

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Department of Regulatory Agency Commissioner Marcy Morrison sent warning today of a scam that targets Colorado insurance companies. The scam was first reported in California where individuals were allegedly calling licensed insurance agencies and representing themselves as employees of the California Department of Insurance. They requested payment for a penalty fee for not completing a… Continue Reading Insurance industry scam migrates to Colorado

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Corporations still giving despite economy

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The slowing economy hasn’t stopped the nation’s largest corporations from giving to charity – many of them have actually increased their giving, according to the Committee Encouraging Corporate Philanthrophy. Despite the challenging economic backdrop that has 63 percent of companies reporting a decline in profit during 2008 – more than half of them still increased… Continue Reading Corporations still giving despite economy

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People who were laid off between September 2008 and February 2009 qualify for a federal subsidy that will pay 65 percent of Colorado state continuation of health insurance premiums. Gov. Bill Ritter signed a bill June 1 that makes sure employees have a “second chance” to keep insurance benefits through the federal program. In Colorado, employees who leave… Continue Reading New law allows ‘second chance’ to keep health insurance

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The Small Business Awards program and luncheon is scheduled from 8 a.m. to 1 p.m. June 18 at the Crowne Plaza Hotel, 2888 S. Circle Drive. The event, presented by the Small Business Development Center and the Better Business Bureau, acknowledges local small businesses and their contributions to the economic well-being of the community. The Small Business Person… Continue Reading Business tips, awards and sustainability all part of small business program

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Not surprisingly, construction employment declined in most metropolitan areas from April 2008 to April 2009, which has prompted some to say it’s high time to use stimulus money to help the issue. Ken Simonson, chief economist for Associated General Contractors of America, said the data shows a need for the federal government to move quickly… Continue Reading Construction job decline cries for stimulus money

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Local NFIB scholars named

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Among this year’s National Federation of Independent Business Young Entrepreneur Foundation scholarship winners in Colorado are seven local students. The YEF award winners are: • Jessica Hooker of Peyton, $1,000, Mitchell High School • Rebekah Hoover of Peyton, $1,000, Peyton High School El Pomar/YEF winners: • Justin Belanger of Colorado Springs, $2,000, Thomas P. Doherty High School… Continue Reading Local NFIB scholars named

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The SportsBusiness Journal reported today that Bank of America has ended its 16-year sponsorship of the United States Olympic Committee. The bank is the third major sponsor to leave the USOC during the last 18 months. Home Depot and now-bankrupt General Motors have also withdrawn. A spokesman for Bank of America attributed the company’s decision to… Continue Reading Bank of America terminates USOC sponsorship

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WASHINGTON (AP) – The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, but there are still plenty of danger signs for the U.S. housing market. Home sales appear likely to head upward this summer, potentially to levels not seen since… Continue Reading Pending home sales rise 6.7 percent in April

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