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XAware sold to Sparxent

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XAware, a home-grown high tech company that received millions of dollars in venture capital funding as a Colorado Springs Technology Incubator success story, will be acquired by Salt Lake City-based Sparxent. A letter of intent to buy the fast-growing commercial open source data integration company was made official today by Sparxent co-founder Dave Taylor. Terms… Continue Reading XAware sold to Sparxent

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Prostitution, cocaine ring busted

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The Statewide Grand Jury has indicted 15 illegal immigrants on suspicion of operating a prostitution and cocaine distribution ring. The illegal enterprise, known as Mi Casa Su Casa, included 11 brothels in Denver, Longmont and Glenwood Springs. The Denver brothels were located at 1521 N. Yosemite St., 1552 W. Alameda Ave., 540 Perry St., 4169… Continue Reading Prostitution, cocaine ring busted

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USOC spokesman Seibel steps down

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(A.P.) Darryl Seibel announced his resignation as chief communications officer at the U.S. Olympic Committee today, the fourth executive to leave the federation since the end of the Beijing Games. Seibel, 41, said he would leave June 5 to pursue new professional opportunities but would offer consulting help on some projects, including the search for… Continue Reading USOC spokesman Seibel steps down

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University of Colorado President Bruce Benson has outlined a major reorganization of the university system’s administrative functions in an effort to balance a budget hard-hit by the state’s money problems. While the plan will also involve some significant fiscal surgery, Benson said it will not include any layoffs at the University of Colorado at Colorado… Continue Reading CU fiscal reorganization promises no UCCS layoffs

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The city has chosen the URS Corp. to conduct a feasibility study for adding a rail track that would run streetcars along Tejon Street in downtown Colorado Springs. City Transit Division Manager Sherri Ritenour said the downtown construction would hopefully be the first phase of construction on a rail line that would eventually run between… Continue Reading City starting study for downtown streetcar

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The Colorado Supreme Court this week overturned a lower court’s decision that would have made it easier to file class-action suits against businesses. The suit, Farmers Insurance Exchange v. Benzing, concerned a class action suit for “fraud on the market” under the Consumer Protection Act alleging that Farmers did not notify customers that purchasing uninsured… Continue Reading State Supreme Court decides in favor of business in ‘fraud on market’ suit

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At first glance, the Credit Card Holders’ Bill of Rights seems to protect consumers, because it would ban retroactive rate hikes, double-cycle billing, misleading contract language and issuance to applicants under age 18. But financial industry pundits don’t support all components of the bill because of what it could cost the banking industry. The bill,… Continue Reading Credit card bill hailed by consumers, abhorred by bankers

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Governor signs job-creation legislation

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Gov. Bill Ritter today signed legislation that he believes will help companies create new jobs, allow Colorado to compete for new businesses and strengthen community college job-training programs to better meet workforce needs of emerging industries. “The two bills I signed today mark a key step toward our long-term vision of creating a modern, knowledge-based… Continue Reading Governor signs job-creation legislation

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Thirty women – or, chicks and their peeps, rather – were trailed Friday night by a red wagon and rubber ducks with “Chick in Charge” name tags, during Manitou Springs’ first Chick Crawl, a retail promotional event to draw female shoppers. And, by most accounts the event was a success. Jewelry was “flying out the… Continue Reading Chicks hit Manitou Friday for retail crawl

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Work has started on the $15 million condo project, 28 West, that will overlook Monument Valley Park. The location at 28 West Monument St. sat vacant for years without any building plans until architect David Barber, builder Mike Branan and developer Bob Elliott announced plans for the project last fall. But, in Colorado Springs many… Continue Reading Monument Valley Park condos on their way up

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