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LandCo Equity Partners and the U.S. Olympic Committee said today that they have resolved all disputes relating to the USOC and LandCo’s relationship as part of the project to retain the USOC in Colorado Springs. Because they resolved these disputes, LandCo dismissed the USOC from its lawsuit captioned LandCo Equity Partners, LLC et. al. v. The City… Continue Reading LandCo drops suit against USOC

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Elliman takes new state COO job

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Don Elliman, director of the Colorado Office of Economic Development, was named Monday to the new post of chief operating officer for the state. He will oversee the state’s federal stimulus money. “Bringing Don into the new role of COO will allow us to more fully integrate his private-sector management skills, his economic-development leadership and his… Continue Reading Elliman takes new state COO job

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Colorado Springs employers are expected to hire at a faster pace than any other city in the state during the third quarter of this year, according to the Manpower Employment Outlook Survey released Tuesday. Between July and September, 22 percent of Colorado Springs employers surveyed by Manpower said they planned to hire employees. Only 14 percent… Continue Reading Springs’ hiring projections tops in state

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WASHINGTON (AP) — The Treasury Department has approved 10 of the nation’s largest banks to repay $68 billion in government bailout money. The department on Tuesday said the banks, which were not named, will be allowed to repay the money they received from the $700 billion Troubled Asset Relief Program created by Congress last October… Continue Reading 10 big banks get OK to repay $68B in bailout money

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WASHINGTON (AP) – Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales.Still, analysts were slightly encouraged because sales dipped at a slower pace than in the previous month. The Commerce Department said Tuesday that wholesale inventories fell 1.4 percent in April, more than the 1.1… Continue Reading April wholesale inventories fall 1.4 percent

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Labor productivity up

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It may be wishful thinking, but some commercial real estate analysts believe economic belt tightening has encouraged better than expected labor productivity – and better market conditions for the industry. Usually during a recession, labor productivity decreases as businesses only gradually reduce payrolls to match their reduced order flows, Grubb & Ellis reported this week.   During… Continue Reading Labor productivity up

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Colorado will receive more than $376,000 as part of a $95.5 million global settlement with Aventis Pharmaceuticals. The agreement resolves allegations that between 1995 and 2000, Aventis and its corporate predecessors knowingly misreported best prices for the steroid-based anti-inflammatory nasal sprays Azmacort, Nasacort and Nasacort AQ. Under the agreement, state Medicaid programs throughout the country… Continue Reading Colorado will receive a share of a $95.5 million pharmaceutical settlement

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Perry Sanders has purchased three office buildings on the southwest corner of Pikes Peak and Nevada avenues and has begun work to convert them into a luxury hotel. The historic structures, the Mining Exchange Building, the Independence Building and the Freeman Telegraph Building, were built between 1899 and 1902. The upper floors of all three… Continue Reading Grand hotel: Mining Exchange Building’s next incarnation?

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U.S. private equity overhang reaches $400 billion  The cumulative amount of private equity fundraising overhang in the United States is $400 billion. After record fundraising years during 2007 and 2008, the Alliance of Merger & Acquisition Advisors and PitchBook Data Inc. say the gap between funds raised and equity invested has widened to an all-time… Continue Reading U.S. private equity overhang reaches $400 billion

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Congress considers credit card legislation

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Congress is considering legislation that would require the two major credit companies to negotiate hidden credit card processing fees. The fees cost the average household more than $400 annually. “In the middle of one of the worst recessions seen in decades, consumers can’t continue to pay artificially inflated prices just so the credit card industry can… Continue Reading Congress considers credit card legislation

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