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WASHINGTON (AP) – President Barack Obama’s new fuel and emission standards for cars and trucks will save billions of barrels of oil but are expected to cost consumers an extra $1,300 per vehicle by the time the plan is complete in 2016. Obama planned to announce today the first-ever national emissions limits for vehicles, as… Continue Reading Obama to announce auto mileage, emissions standards

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The Obama administration is offering $4.4 billion to a select group of states willing to push school reforms, and Colorado officials are working on a pitch to win what lawmakers call the education Powerball, according to Business Journal media partner FOX 21 NEWS.It could bring another estimated $400 million to Colorado over four years, depending… Continue Reading Colorado pushing for ‘education Powerball’

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CHICAGO (AP) – Lowe’s Cos. Inc. said Monday that its fiscal first-quarter profit fell 22 percent but still managed to top Wall Street’s expectations as it cut prices on fewer items.The news, along with a better-than-expected second-quarter outlook and an increased full-year outlook, sent the company’s shares higher in morning trading. The nation’s second-biggest home-improvement… Continue Reading Lowe’s beats Wall Street prediction with 22% profit drop

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The Libertarian Party of Colorado elected new leadership to the Board of Directors during its annual convention Saturday. Chariman Travis Nicks, was replaced by David K. Williams, Jr., who was formerly serving as the legislative director. Other new board members include Legislative Liaison Justin Longo, Media Director Kate Melvin, Western Slope Outreach Director Debbie Schum… Continue Reading Colorado Libertarian Party elects new leadership

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‘Glimmer of hope’ for economy

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Although Colorado’s unemployment is still high and job losses are expected to continue, positive national economic indicators will likely boost the state’s small business conditions, said Vectra Bank’s Corporate Economist Jeff Thredgold. Locally, the Vectra Bank Colorado small business index measured 76.9 during April, down from a revised 78.1 during March. The index decline reflects… Continue Reading ‘Glimmer of hope’ for economy

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Commission tables ethics complaint

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 It took the city’s Independent Ethics Commission less than 10 minutes this morning to decide they need more specific information before they can decide whether Mayor Lionel Rivera violated ethics policy. Ron Johnson, president and CEO of Central Bancorp, filed a complaint saying that Rivera handles financial accounts for the developer chosen by the city to build… Continue Reading Commission tables ethics complaint

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Department of Revenue seeks Bruce records

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Three agents from the Criminal Investigation Section of Colorado Department of Revenue were at the El Paso County budget department on Thursday morning seeking information about former County Commissioner Douglas Bruce.

According to an e-mail written by Nicola Sapp, the county’s financial services director, the agents asked about Bruce’s “charitable” donations and “any meetings that were held related to that topic. … They requested copies of his W-2 and W-4 (forms) …”

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Jury verdicts in civil cases can range from small, barely noticed awards to enormous amounts of money that make headlines. But are awards diving during the recession? Well, the jury’s still out. At least one study shows that overall median jury awards have declined 40 percent, when adjusted for inflation. For tort jury trials, the… Continue Reading Jury awards tanking along with the economy?

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Hotels, resorts weathering recession

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Like the indomitable surfers of southern California, they ride the waves of a surging – and then, suddenly, spinning out – economy. Meeting and event planners, and the hotels that serve them, are valiantly trying to “hang 10″ through the 2009 business cycle, eager not to wipeout in the midst of corporate budget cuts or… Continue Reading Hotels, resorts weathering recession

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The Greenbrier in White Sulpher Springs, W.Va., and The Broadmoor share many similarities. They’re both world-renowned luxury resort hotels, serving the same types of clientele, conference and vacation guests. And, both tout high-end amenities, dining, recreation and services. So when David and Suzanne Gibson decided to expand their business with a second location, The Broadmoor… Continue Reading Retail roundup: Gibson’s jewelry and art moves into Broadmoor

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