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T. Rowe Price lays off 44

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T. Rowe Price has cut 44 workers from its staff of about 700 in Colorado Springs. Companywide 288 were laid off as part of a 5.5 percent staff reduction that was announced along with first quarter earnings results today. “Broadly speaking, the majority of reductions were in the processing and technology groups,” spokesman Brian Lewbart said.… Continue Reading T. Rowe Price lays off 44

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What do women really want? Money. Women want freedom from financial stress more than they want to be thin, more than they want a faithful partner, more than sex and, in some cases, more than they love their children, according to a poll on bettyconfidential.com. “With the current state of the economy, there’s a lot of… Continue Reading Here’s what women really want

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Despite increasing its marketing budget to more than $1 million for the first time, the Colorado Springs Convention and Visitors Bureau saw a 3 percent drop in lodging taxes for 2008 but still drew millions of dollars to the city, according to the CVB’s annual report released today. And, if it weren’t for several major events in… Continue Reading CVB revenue down 3 percent in 2008

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People on the Move – April 22, 2009

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Karen Kemerling Ph.D. has joined the Association of periOperative Registered Nurses as vice president of information technology. She has more than 20 years of business advisory and information management experience. Dr. Felicia Knightly has been promoted to senior veterinarian of the Denver Zoo. She has worked for the zoo since 1997. Dirk R. Hobbs has… Continue Reading People on the Move – April 22, 2009

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No more Crocs?

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24/7 Wall Street is reporting that Crocs is among the “Twelve Major Brands That Will Dissappear.” The Web site’s story says that “the company’s shares traded at more than $72. Now they change hands at well below $2. At the end of March, Crocs got a six-month extension of a critical credit facility. According to… Continue Reading No more Crocs?

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Hybl, Tutt recognized for defense support

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William Hybl, chairman and CEO of the El Pomar Foundation, and William Tutt, chairman of the Colorado Thirty Group, were recognized for their support of the  Department of Defense yesterday during the first Commander’s Community Leader Commendation Ceremony. General Victor E. Renuart, Jr., Commander, NORAD and USNORTHCOM, presented the commendations. “When you look at what the… Continue Reading Hybl, Tutt recognized for defense support

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Gary Loo, president and CEO of High Valley Land Co. and chairman of the High Valley Group, received  a Lifetime Entrepreneurship Award today from the College of Business at the University of Colorado at Colorado Springs during a luncheon at the Club at Flying Horse. More than 150 community leaders, friends and family members were on… Continue Reading Loo given UCCS Lifetime Entrepreneurship Award

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WASHINGTON (AP) – President Barack Obama is picking a Nike vice president to lead the federal agency that oversees the country’s national service programs.Obama’s selection of Maria Eitel comes Tuesday as the president plans to sign a bill to triple the size of AmeriCorps and expand other programs that the corporation administers. Eitel is nominated… Continue Reading Obama picks Nike V.P. to oversee national service programs

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Merck posts 57 percent profit drop

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TRENTON, N.J. (AP) – Drugmaker Merck & Co. on Tuesday posted a 57 percent drop in first-quarter profit, falling short of expectations and sending its stock down, as the global recession and other factors cut sales of its drugs and joint venture income.Last year’s quarter also benefited from a one-time pretax gain of $2.2 billion… Continue Reading Merck posts 57 percent profit drop

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A bill that would increase damage awards in malpractice lawsuits has changed – dramatically. As first introduced, House Bill 1344 raised non-economic damages cap on malpractice suits from $300,000 to $460,000. But, bill sponsors scrapped the cap-increase portion of the bill after failing to find enough support for it. As it’s worded now, the bill would require… Continue Reading Malpractice bill now targets insurance regulation

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