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Corporate pension plans in flux

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With 77 million baby boomers headed for retirement, nearly every facet of corporate pension plans will be subject to analysis and change. That’s the result of discussions from the recent “Pensions and Retirement Conference” held by The Conference Board. The decline in defined benefit plans and the rise in defined contribution plans – combined with… Continue Reading Corporate pension plans in flux

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China’s foreign investment up 109 percent

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The Associated Press BEIJING_China attracted $11.2 billion in foreign investment in January, up 109.8 percent from the same month last year, the government said Monday. The Commerce Ministry, which reported the figure in a one-sentence statement, gave no explanation for the sharp rise. China’s economy is growing strongly at a time when investors are worried… Continue Reading China’s foreign investment up 109 percent

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Blu-ray beating HD in DVD war

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The Associated Press TOKYO _Sony’s Blu-ray technology is emerging as the likely winner in the format battle for the next generation of DVD players after Toshiba appeared ready to ditch its HD DVD business. Such a move would help consumers know which system to invest in and would likely boost sales in Blu-ray gadgets, analysts… Continue Reading Blu-ray beating HD in DVD war

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Pay state taxes online

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Colorado residents can now pay their state taxes online. The Colorado Department of Revenue reported this week that Coloradans now can pay individual income tax and estimated individual income tax, as well as past due amounts by using an electronic check, MasterCard or Visa on the department’s Web site. The service also allows estimated payments… Continue Reading Pay state taxes online

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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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