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Grants destined for El Paso, Teller counties

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The State Historic Fund has awarded 60 historic preservation grants totaling $7,124,311, and portions of that money will fund four El Paso County projects. The Drennan Community School Building preservation project was awarded $199,736. Located in rural El Paso County, the building will be renovated for municipal use and will be fueled by green technology.… Continue Reading Grants destined for El Paso, Teller counties

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Industrial production rises in January

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The Associated Press WASHINGTON _The nation’s industrial output posted a modest increase in January as strength at utilities offset weakness in manufacturing and mining. The Federal Reserve reported Friday that industrial production rose by 0.1 percent in January, matching the December increase. The slight January gain was in line with economists’ expectations. Manufacturing output was… Continue Reading Industrial production rises in January

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Slow economy, slow TV sales

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The Associated Press MINNEAPOLIS_Best Buy said a slowing economy will hurt fourth-quarter profits and it reduced its guidance, as consumers held back on high-end TVs, digital music players and cameras. The nation’s largest consumer electronics retailer said holiday sales were strong but fell off in January. Comparable-store sales rose 1.5 percent in December, but they… Continue Reading Slow economy, slow TV sales

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Ritter unveils health care reform plan

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Gov. Bill Ritter unveiled his proposal to address the state’s health care reform needs yesterday. The proposed package is called “Building Blocks for Health Care Reform,” and details plans to contain costs, improve access and expand availability of health care in the state. The plan does not address ways to provide health coverage to all… Continue Reading Ritter unveils health care reform plan

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Colorado’s small businesses insulated

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Despite national declines in net jobs, the Vectra Bank Colorado Small Business Index for Colorado rose during January to 95.6 – up from 94.3 in December. “January’s Small Business Index was significantly influenced by three main factors,” said Jeff Thredgold, corporate economist for Vectra Bank Colorado. “On one side, pulling the index downward was the… Continue Reading Colorado’s small businesses insulated

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Home prices fell in the fourth quarter in the majority of U.S. metropolitan areas surveyed by the National Association of Realtors, according to a report issued today. The median sale price of a U.S. home dropped 5.8 percent to $206,200 in the last three months of 2007 from $219,000 during the same period of 2006,… Continue Reading Home prices fall nationwide; Springs stable

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U.S. Trade deficit fell in 2007

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The Associated Press WASHINGTON _ Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years. The Commerce Department reported Thursday that the deficit dropped to $711.6 billion last year, a decline of 6.2 percent. The trade deficit with… Continue Reading U.S. Trade deficit fell in 2007

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Prime local real estate has world-wide appeal

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One country’s distress may be another’s opportunity. While the U.S. real estate market has seen double-digit price decreases along some parts of the west coast, Florida or Las Vegas, European investors are keeping an eye on prime American real estate. One new Colorado luxury project, for example, recently made its way to a Danish investors’… Continue Reading Prime local real estate has world-wide appeal

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Effects of slowing office real estate market

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The commercial office real estate market seems to have leveled off after a busy 2007, which means an increase in rental rates. Steve Bach of Bach Real Estate Partners reports that metro office leasing and absorption are both down as of 2007 year end, compared to 2006. The real vacancy rate, in contrast, is closer… Continue Reading Effects of slowing office real estate market

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Coca-Cola profit up 79 percent

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The Associated Press The Coca-Cola Co., the world’s biggest beverage maker, said today its fourth-quarter profit rose 79 percent on a double-digit increase in sales as it benefited from growth in key soft-drink brands and in its water, sports drink and orange juice categories. The Atlanta-based company said it earned $1.21 billion, or 52 cents… Continue Reading Coca-Cola profit up 79 percent

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