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ATLANTA (AP) — AirTran Airways expects to be profitable in every quarter this year, despite the weak economy and how it has impacted revenue, Chief Executive Robert Fornaro said today. “I think that will be a rarity among carriers,” Fornaro said at the Raymond James Institutional Investors Conference, which was webcast on the Internet. The… Continue Reading AirTran expects profit every quarter this year

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Merck buying Schering-Plough

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Two of the nation’s largest pharmaceutical companies will merge when Merck and Co. buys Schering-Plough Corp. Under the terms of the agreement, Schering-Plough shareholders will receive $10.50 in cash for each share, and Merck shares will become part of the combined company. Based on Merck’s closing price March 6, the shareholders will receive $41.1 billion… Continue Reading Merck buying Schering-Plough

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Mayor panhandling for USOC cash

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Since the end of January, Mayor Lionel Rivera has been attempting to raise $1.5 million from wealthy, civic-minded individuals to prop up the troubled deal between the U.S. Olympic Committee, LandCo Equity Partners and the City of Colorado Springs. As the Business Journal reported today, the USOC deal is stalled because of LandCo’s apparent inability… Continue Reading Mayor panhandling for USOC cash

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In a letter dated March 2 to Springs Mayor Lionel Rivera, USA Boxing CEO Jim Millman asked the city to provide a $3 million line of credit or unsecured loan that would be payed back over the next 25 years.Millman said that the organization has been approached by an undisclosed city about moving its national… Continue Reading USA Boxing demands $3 million purse

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Time running out to claim 2005 tax money

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About 23,700 Coloradoans would be eligible for $20.7 million – a median amount of $532 per individual – if only they would file a 2005 tax return. The Internal Revenue Service announced Tuesday that taxpayers must file returns by April 15 in order to collect a refund for 2005 taxes. It’s not exactly chump change,… Continue Reading Time running out to claim 2005 tax money

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AAFCU phishermen return to the well

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A couple of weeks ago fraudulent e-mails and text messages were sent out asking for Air Academy Federal Credit Union member’s account information – nothing new, your basic e-mail phishing scam. But, this week, the scam evolved. Would be thieves doubled their efforts and sent out a second e-mail, saying there had been fraudulent e-mails sent… Continue Reading AAFCU phishermen return to the well

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Bring a brown bag, learn about green

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Once a month, the city’s “green team” hosts a brown bag lunch session to offer advice, tips and information about how businesses and individuals can go green and save money. In the second of the series, the team has invited guest speakers from Colorado Springs Utilities to offer ideas about how to save money through rebates… Continue Reading Bring a brown bag, learn about green

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Health care committee seeks research help

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A new steering committee established by Gov. Bill Ritter’s Office of Boards and Commissions is seeking applicants to study health care cost containment and how to improve care quality. Applications to help with the Center for Improving Value in Health Care Steering Committee are due March 16. The panel will advise the state on strategies… Continue Reading Health care committee seeks research help

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WASHINGTON (AP) – President Barack Obama’s call to raise taxes on high earners and greenhouse gas polluters met fierce opposition Tuesday from congressional Republicans and also a few Democrats. “I would never want to adversely affect anything that is charitable or good,” Rep. Charles Rangel, D-N.Y., chairman of the tax-writing House Ways and Means Committee,… Continue Reading Parties at odds over Obama greenhouse tax plan

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USOC to cut work force

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WASHINGTON – The U.S. Olympic Committee announced today it will trim its workforce, further reduce programming and slash more administrative expenses in cost-cutting measures that should save $7.1 million.A gloomy economic forecast prompted the 10-member USOC board to implement the undetermined number of layoffs, expected within a month among 330 employees at the Olympic Training… Continue Reading USOC to cut work force

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