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Oil falls to $44 as OPEC maintains production

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(A.P.) Oil prices tumbled to around $44 a barrel on Monday after OPEC decided not to cut production levels at its meeting over the weekend in Vienna. Benchmark crude for April delivery was down $1.59 to $44.66 a barrel by mid-afternoon in Europe on the New York Mercantile Exchange. Oil prices dropped 78 cents on… Continue Reading Oil falls to $44 as OPEC maintains production

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Ballots to be mailed today

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Ballots for the April 7 mail-in election will be mailed to registered voters starting today. Candidates for four city council districts and four tax issues will be included on the ballot. Ballots must be received by the clerk’s office by mail or by drop-off by 7 p.m. on April 7th. If a voter has not… Continue Reading Ballots to be mailed today

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Forum about April tax measures today

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A forum to discuss tax measures on the April 7 ballot is scheduled for 11 a.m. today in the Carnegie Room of the Penrose Public Library at 20 N. Cascade Ave. The Gazette and KOAA-TV are sponsoring the forum. News reporters from both organizations will ask questions of the supporters and opponents of the measures. Tax questions… Continue Reading Forum about April tax measures today

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Hostile takeover rumor drives up Humana stock

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Humana Health care stock closed up more than 7 percent on rumors of a takeover by Aetna, according to Internet news site, thestreet.com.  To read the full story, click here.

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The list of states eligible for an extension of emergency unemployment benefits was released today – and Colorado did not make the cut. To qualify for the extension the state’s unemployment needed to average 6 percent for the three-month period between November and January. Colorado’s unemployment averaged 5.9 percent during that time. “We couldn’t believe… Continue Reading Colo. misses unemployment extension by two-tenths of 1 percent

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FASB to review mark-to-market

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Economists and financial analysts vehemently disagree about bailouts and which sort of regulations work or don’t. But now many agree – from investor Warren Buffett to Republican Steve Forbes to Democratic economic adviser Mark Zandi, to name a few – that mark-to-market accounting “exaggerates losses and results in tighter lending when it is used to… Continue Reading FASB to review mark-to-market

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So many people wanted to attend a meeting about changing medical marijuana registry rules that the state’s board of health had to postpone the March hearing to find a bigger location. The meeting is now tentatively scheduled for sometime during June, but once officials find a venue, the new meeting information will be posted at http://www.cdphe.state.co.us. The… Continue Reading Masses miss out on March medical marijuana meeting

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The State of Colorado has launched a Web site that list all the state’s road projects being paid for through the American Recovery and Reinvestment Act. The Web site, www.dot.state.co.us/arra/, includes project descriptions, amount of ARRA funds dedicated to the project, project status and photos. The site will be updated biweekly. Colorado will receive more than… Continue Reading State’s stimulus projects listed on new Web site

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In its fourth quarter recap of the Colorado Springs residential real estate market published this month, the Denver-based Genesis Group provided a forecast for the remainder of 2009. Acknowledging current “bleak conditions,” Genesis reporter Sue Selle said Colorado Springs is better positioned to improve once the national economy begins to recover.  She also cited the… Continue Reading Springs real estate market better-poised for recovery

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Just what has the IRS been up to?

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During fiscal year 2008, the Internal Revenue Service collected more than $2.3 trillion in taxes and processed more than 250 million returns and filed more than 101 million returns. Want to know what else the IRS is up to? It’s all in the annual IRS Data Book, which was posted on the Web today. The… Continue Reading Just what has the IRS been up to?

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