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Molson slumps in 3Q as economy saps beer money

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Molson Coors says third-quarter profit tumbled 23 percent despite revenue growth because it was burdened by higher costs, the poor U.S. economy and surprisingly weak sales in the U.K. Molson Coors Brewing Co. and other major beer makers have struggled with weak sales as their core consumers — young men — face particularly high levels… Continue Reading Molson slumps in 3Q as economy saps beer money

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For the last two years, the economic indicators for the Western region have advanced above the neutral zone of 50.0 – thanks in no small part to the growth in energy, exports and agriculture. The Mountain States region includes Colorado, Utah and Wyoming, and that region is performing above the national average, according to the… Continue Reading Mountain states economy growing faster than nation’s

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In a rare show of unity in a bitterly partisan year, the House has voted overwhelmingly to repeal a law requiring federal, state and local governments to withhold 3 percent of what contractors are owed until they pay their taxes. Federal investigators have found tens of thousands of contractors who owe billions of dollars to… Continue Reading House repeals law withholding contractors’ taxes

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Obama taking on student loan relief Wednesday

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President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move to assist struggling graduates and students could help Obama shore up re-election support among young voters,… Continue Reading Obama taking on student loan relief Wednesday

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Lawmakers seek tougher stance on China trade

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House lawmakers are urging the administration to apply more pressure on what they call China’s “predatory” trading practices, but show division on whether to pass legislation punishing China for manipulating its currency. House Ways and Means Committee members presented a long list of grievances they say contribute to China’s massive trade advantage, including its undervalued… Continue Reading Lawmakers seek tougher stance on China trade

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Rustling costs ranchers millions in poor economy

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Even with cattle theft rampant in much of the nation’s midsection, Oklahoma rancher Ryan Payne wasn’t worried about anyone messing with his cows and calves. By his estimation, his pasture is so far off the beaten path “you need a helicopter to see it.” That changed last month when Payne, 37, checked on his livestock… Continue Reading Rustling costs ranchers millions in poor economy

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Gov. John Hickenlooper released an updated version of the statewide economic development plan created earlier this year to spur Colorado’s economy, help businesses grow and attract new jobs to the state. “Colorado is already seeing the benefits of taking a bottom-up, collaborative approach to economic development,” Hickenlooper said. “Earlier this month, Arrow Electronics announced it… Continue Reading Gov. updates the “bottom-up” economic development plan

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State unemployment rate virtually unchanged

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Colorado’s unemployment level remained virtually unchanged from August to September, only dropping two-tenths of one percent. The state saw its job force decline by 3,900 from August to September, according to figures from the state Division of Labor and Employment. Government added 1,100 payroll jobs, while the private sector lost 5,000. According to the survey,… Continue Reading State unemployment rate virtually unchanged

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Even higher fares can’t help American Airlines

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Even higher fares couldn’t pull American Airlines out of its financial nosedive. American’s parent, AMR Corp., said Wednesday that it lost $162 million in the third quarter, as fuel spending jumped 40 percent, wiping out higher revenue from fare increases and passenger fees. It was AMR’s fourth straight losing quarter and 14th in the last… Continue Reading Even higher fares can’t help American Airlines

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Stocks wavered in early trading Tuesday after disappointing corporate earnings reports and concerns that France and Germany may not reach an agreement on additional support for Greece. The financial sector, however, outpaced all others in gains after Bank of America topped Wall Street expectations for the quarter. Moody’s also warned late Monday that the stable… Continue Reading Stocks waver on news of disappointing corporate reports

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