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January airport revenue strong

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Neither inclement weather nor an iffy national economy seemed to affect Colorado Springs Airport revenue and operations during January. Total revenue at the airport for the month was up 10.6 percent to more than $1.84 million, compared to $1.66 million in January 2007. The news is a sign that activity levels and private investment are… Continue Reading January airport revenue strong

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The Associated Press WASHINGTON – The Boeing Co. wants the Air Force to immediately explain why it awarded a $35 billion contract to rival European Aeronautic Defense and Space Co. and its partner, Northrop Grumman Corp. The contract was for supplying air-to-air refueling tankers to the Air Force, which Boeing has been doing for nearly… Continue Reading Air Force thwarts Boeing, awards contract to European company

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County seeking judge applicants

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The Fourth Judicial District is seeking applicants for a new county court judgeship that starts July 1. The legislature created the new position last year to help address crowded El Paso and Teller county dockets. Eligible candidates must live in El Paso County and must be admitted to the practice of law in Colorado. The… Continue Reading County seeking judge applicants

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A couple retiring this year will need about $225,000 in savings just to cover medical costs in retirement, according to analysis by Fidelity Investments. The figure, calculated for a couple age 65, is up 4.7 percent from the $215,000 estimate for 2007, the financial services company said. And it is similar to other projections for… Continue Reading Retiring? Better have at least $225,000

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The Associated Press General Motors Corp. says it expects to bring its first lithium-ion battery powered hybrid engine system to market in North America in 2010. The world’s largest automaker by sales was to announce the hybrid system today at the Geneva International Motor Show, saying the new battery will deliver three times the power… Continue Reading New hybrid GM to unveil battery powered hybrid

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China’s manufacturing edge dulls

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The Associated Press SHANGHAI, China _ China is fast losing its manufacturing competitiveness in some industries, and companies need to upgrade their operations there to stay profitable, according to a survey released today. The study comes amid reports that thousands of manufacturers, both Chinese and foreign, are shifting operations away from coastal regions, where labor… Continue Reading China’s manufacturing edge dulls

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Identity thieves wearing banking masks

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A number of bogus bank sites are popping up on the Web, seeking to steal identity information. Representatives from BauerFinancial Inc. say consumers can visit their Web site to confirm a bank’s legitimacy or call the Federal Deposit Insurance Corporation at (877) 275-3342. For credit union verification, visit the National Credit Union Administration. Experts also… Continue Reading Identity thieves wearing banking masks

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Easter threatens St. Paddy’s Day spending

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For the first time since 1940, St. Patrick’s Day falls during Holy Week, the seven days before Easter that many religious Americans consider to be sacred. The holiday collision is likely to hamper spending. “Retailers and restaurants that benefit from the St. Patrick’s Day holiday are up against a double whammy of an early Easter… Continue Reading Easter threatens St. Paddy’s Day spending

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Oil hits $104 a barrel

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The Associated Press NEW YORK_The surging price of oil reached another milestone today, jumping to an inflation adjusted record high of $103.95 a barrel. The weaker dollar that has propelled oil and other commodities prices higher sent light, sweet crude for April delivery past $103.76 a barrel on the New York Mercantile Exchange. That’s the… Continue Reading Oil hits $104 a barrel

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Construction spending takes a dive

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The Associated Press WASHINGTON _Construction spending took its biggest nosedive in 14 years and manufacturing activity contracted, fresh trouble signs for a struggling economy. The Commerce Department reported Monday that construction spending plunged by 1.7 percent in January. Builders slashed spending on residential projects, but the weakness spread beyond that ailing sector. There were cutbacks… Continue Reading Construction spending takes a dive

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