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Merrill Lynch reports record loss

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Merrill Lynch & Co. reported the biggest quarterly loss in its 93-year history after $8.4 billion worth of writedowns. The third-quarter loss of $2.24 billion, or $2.82 a share, was about six times higher than the New York-based company estimation on Oct. 5. Merrill Lynch wrote down the value of subprime mortgages, asset-backed bonds and… Continue Reading Merrill Lynch reports record loss

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SBA hands out $20.6B in 110,000 loans this year

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Already this year, the U.S. Small Business Administration has broken loan records, increasing total loan-dollar volume and lending more than 5.5 percent in underserved areas. The SBA approved 110,275 loans worth more than $20.6 billion under its two primary loan programs during the 12 months ending on Sept. 30, compared with 107,233 loans worth $20.25… Continue Reading SBA hands out $20.6B in 110,000 loans this year

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The Colorado Supreme Court is scheduled to hear arguments about the constitutional amendment that limits lobbyists’ gifts to legislators at 9 a.m. Thursday. Voters approved Amendment 41 in November 2006. Since then, the Colorado Attorney General attempted to interpret the amendment’s reach. In May, the court granted a temporary injunction until a full hearing on… Continue Reading State Supreme Court to consider lobbyist gift rule

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Cumulative declines in single-family construction and building permit authorizations is approaching 50 percent, said David Seiders, chief economist for the National Association of Home Builders. He also said annual rates for both starts and building permits fell below the million-unit market for the first time since 1995. The NAHB/Wells Fargo Housing Market Index dropped to… Continue Reading Single family home building declines approach 50%

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Gasoline prices begin winter ascent

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Gas prices increased by about 5 cents during the past two weeks, to an average of $2.80 per gallon of self-serve regular, according to the Lundberg Survey released this week. The increase brings gas prices up 60 cents compared to prices at this time last year, but 38 cents below the all-time peak of $3.18… Continue Reading Gasoline prices begin winter ascent

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AMEC, the international engineering and project management company, has been selected for eight project management awards totalling $21.7 million at the U.S. Air Force Academy. The awards amount to two stream restoration projects through the Air Force Center for Engineering and the Environment and six building renovation projects through the Air Force Civil Engineer Support… Continue Reading AMEC wins Air Force Academy contracts worth $21 million

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A host of companies are partnering to engineer, install and finance a two-megawatt, ground-mounted solar photovoltaic system at Fort Carson Army Base. When completed, the PV project will cover nearly 12 acres, making it the largest solar array at a U.S. Army facility and one of the largest in Colorado, according to the companies. The… Continue Reading U.S. Army’s largest solar project coming to Fort Carson

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G.M. on top in world auto sales race

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Third quarter sales reports show that General Motors has regained the lead over Toyota as the world’s top automaker. General Motors reports selling 2.38 million cars during the quarter. Toyota reported selling 2.34 million. And, worldwide vehicle sales of 7.05 million vehicles for Toyota during the first nine months of the year also fell short… Continue Reading G.M. on top in world auto sales race

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Web site offers green networking

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A Fort Collins company has launched a networking Web site for environmentally conscious businesses and philanthropic givers. The GenGreen Network lists state- and city-specific contact information for businesses that operate under a green philosophy. The site will include a calendar of events, green job postings, a blog and a needs-and-offerings section. The GenGreen Network was… Continue Reading Web site offers green networking

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$6.2 M contract for T Square

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The T Square Logistics Services Corp. of Colorado Springs has been awarded a $6.2 million contract to provide logistics services at Sheppard Air Force Base in Texas.

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