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US economic data help world markets steady

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Better-than-expected U.S. economic indicators helped European stocks trim losses and pushed Wall Street higher, easing tensions among investors worried about a downturn in the global manufacturing sector. Surveys into the state of the industrial sectors — the purchasing managers’ indexes — showed they had contracted in August in the eurozone and the U.K. In the… Continue Reading US economic data help world markets steady

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Economic growth continues in Mountain States

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The economy in the mountain states of Colorado, Utah and Wyoming continues to grow, but that growth has slowed slightly, according to the Business Conditions Index put out by the Goss Institute for Economic Research. For nearly two years, the indicators show growth above neutral. The overall index slipped to 56.8 this month from 57.4… Continue Reading Economic growth continues in Mountain States

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The Colorado Springs Regional Economic Development Corp.  and Peak Venture Group are accepting nominations for the 2011 Excellence in Local Industry and Celebrate Technology Awards. The EDC Excellence in Local Industry joins the Peak Venture Group for its Celebrate Technology Awards for one combined event, which will be Nov. 9 at The Broadmoor. EDC awards are… Continue Reading Industry and technology award nominations underway

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Florissant Fossil Beds to build visitor center

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Florissant Fossil Beds National Monument is getting its long-awaited visitor center – a 4,400 square-foot facility expected to open in 2013 and be powered almost entirely by solar power. The National Park Service announced plans this week for a visitor education, research and museum facility, which will replace the old building currently serving as the… Continue Reading Florissant Fossil Beds to build visitor center

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City Councilman Tim Leigh has a lot of ideas. Some are wild — like getting Colorado Springs Utilities to build kayaking rapids in Fountain Creek. Some are big — like building a downtown, Olympic-themed sports arena. And some are just plain unconventional — like using money from the lease for Memorial hospital’s assets to pay… Continue Reading Tim Leigh: A visionary or just eccentric?

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The Colorado Springs Chamber of Commerce and the Colorado Springs Economic Development Corp. will release a “press advisory” tomorrow for a major announcement. The two groups also plan to hold a press conference Tuesday – time and date to be set later – for a major announcement. Original plans for a Friday press conference were… Continue Reading Chamber, EDC to make ‘positive’ announcement next week

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Donna Nelson is the city’s new economic vitality specialist, a position that replaces the city’s traditional economic development efforts. Continue Reading City opts for vitality over economic development

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Rising stock prices push oil near $88 a barrel

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Oil rose Wednesday on renewed optimism about the U.S. economy, as traders took their cue from higher stock prices. Benchmark West Texas Intermediate crude for September delivery rose $1.25 to $87.89 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, which is used to price many international oil varieties, increased by… Continue Reading Rising stock prices push oil near $88 a barrel

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U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels. The mixed data suggest the economy remains fragile but is not on the cusp of another recession. Overall industrial production, which includes output by utilities,… Continue Reading Automakers rebound in July to lift factory output

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For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters and tanks while employing tens of… Continue Reading ‘Doomsday’ defense cuts loom large for select 12

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