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Qwest to keep long-distance business

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DENVER (AP) – Qwest Communications International Inc. said today that it is calling off the auction for its nationwide long-haul data and telephone network.

The Denver-based phone company said the network was more valuable to the company than the amount it would raise in a sale.

Qwest did not say how much the bids it received were worth. News reports last week indicated Qwest received bids far below the $2 billion to $3 billion it wanted.

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GM will stop making medium-duty trucks

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DETROIT (AP) – General Motors says it will stop making medium-duty trucks by July 31 because it was unable to find a buyer for the operations. The company said in a statement that it will wind down production of the Chevrolet Kodiak and GMC Topkick trucks after searching for a buyer for four years. Both… Continue Reading GM will stop making medium-duty trucks

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The Statewide Grand Jury has indicted Ernie Colter on three counts of theft and one count of forgery for his role in fraudulently obtaining a loan for a client and then stealing some proceeds from a related real estate transaction. According to the indictment, Colter, acting as the originating broker for a real estate transaction,… Continue Reading Indictment obtained in mortgage fraud, theft case

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Two El Paso County legislators received a zero grade for their conservation votes from environmental advocate Colorado Conservation Voters. David Schultheis and Bill Cadmen both received zero percent, the first time any lawmaker received that designation since 2001. Scott Renfroe received the other zero score. The Conservation Scorecard catalogues votes cast by state lawmakers on 13 pieces… Continue Reading El Paso legislators rated for environmental votes

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Many fire departments are inundated with non-fire-related calls, and now an erroneous Federal Communications Commission press release has added fuel to that fire. The FCC issued a statement June 1, saying that the Colorado Springs Fire Department would help consumers prepare for the June 12 digital TV conversion. But no such arrangements were made with the CSFD. And… Continue Reading Need help with digital TV? Don’t call fire dept.

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Battle over sick leave heating up

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For the second year in a row, Congress is considering a federal paid sick leave policy. Known as the Healthy Families Act, the bill requires any employer with more than 15 workers to provide seven days of sick leave. The bill targets low- and middle-wage employees such as retail, grocery store and restaurant workers. Nearly… Continue Reading Battle over sick leave heating up

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Even as Congress debates overhauling the nation’s health care system, industry insiders are concerned about the implications of proposals being considered in Washington, D.C. Hospitals are concerned about costs; doctors about reimbursement rates and insurers are worried about competition with a lower-cost government plan. The plan under consideration only provides coverage for uninsured and under-insured… Continue Reading Obama health care overhaul not universally embraced

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True cost of disability staggering

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Getting injured or disabled can cause a staggering financial impact if people don’t have disability insurance – costs can reach as high as 20 times a person’s annual salary. That’s according to a study released by the Life Foundation and America’s Health Insurance Plans. The study provides a rare look at the consequences facing individuals… Continue Reading True cost of disability staggering

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Springs growing leader in aerospace tech

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Colorado Springs is building a reputation as a leader in the Global Positioning Satellite marketplace. Not only is the city home to the missile defense and satellite control systems headquartered at Schriever Air Force and to Air Force Space Command’s headquarters at Peterson Air Force Base, it is supported by emerging private sector GPS companies… Continue Reading Springs growing leader in aerospace tech

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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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