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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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The news headlines might scream that this is the worst economic recovery ever, but one economist said it mirrors past recoveries, and in some areas is even better. “This recovery is falling in line with the last two recoveries,” said Jim Paulsen, Wells Capital Management chief investment strategist. At this rate, he said, the economy… Continue Reading Forum economists at odds about Springs’ recovery, double-dip recession

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Coleman moving 25 execs from Wichita to Denver

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The Coleman Co. plans to move 25 of its top executives to Denver, but says that does not mean the company headquarters is moving out of Wichita. Coleman president and CEO Robert Marcovitch announced Thursday that the departments moving include sales, marketing, creative services such as graphic design and financial support. The company’s accounting, technology… Continue Reading Coleman moving 25 execs from Wichita to Denver

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NY comptroller warns of weakness on Wall Street

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Wall Street is again losing jobs because of global economic woes, threatening tax revenue for a city and state heavily reliant on the financial industry, New York Comptroller Thomas DiNapoli said Tuesday. DiNapoli, who oversees New York’s finances, including tax receipts, said that after adding 9,900 jobs between January 2010 and this April, the industry… Continue Reading NY comptroller warns of weakness on Wall Street

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Harsh temperatures in the winter of 2009 didn’t ruin the 2010 Colorado wine harvest season. Wine makers tapped into their reserves and turned out one of the best seasons they’ve had, officials said. For the first time since the repeal of Prohibition, Colorado wineries reported more than 1 million liters of wine to the Colorado… Continue Reading Colorado wineries make the most wine since Prohibition

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House Speaker John Boehner on Tuesday dismissed a Senate bill that could punish China for undervaluing its currency, saying it was “pretty dangerous” for Congress to tell another country how to run its monetary policy. Boehner’s statement to reporters came a day after the Senate voted 79-19 to advance legislation making it easier to impose… Continue Reading Boehner dismisses move to punish China on currency

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Economists say Colorado jobs forecast brighter

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Colorado economists say the state’s job prospects may be doing better than people think. University of Colorado economist Richard Wobbekind says Colorado will see job growth of as many as 25,000 jobs this year, more than double the forecast from just three months ago. Patty Silverstein, an economist and president of Littleton’s Development Research Partners,… Continue Reading Economists say Colorado jobs forecast brighter

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The Mountain States region is showing signs that it could beat a double dip recession, according to the September report of the Goss Institute for Economic Research. But the business confidence index has slumped to a recessionary level, according to the report. And there are some economic indicators that are not looking great. For example,… Continue Reading Mountain States holding steady in business; confidence down

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Ford says US sales rise 9 percent in September

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Ford Motor Co.’s U.S. sales rose 9 percent in September, spurred by sales of SUVs and pickups. Sales of the Ford Explorer SUV were more than triple last September, while sales of the Escape small SUV rose 41 percent. Ford’s pickup sales rose 15 percent. Demand for trucks and SUVs typically rises in the fall… Continue Reading Ford says US sales rise 9 percent in September

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A summer many investors would rather forget

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It was a stomach-churning summer that most investors would like to forget. The United States lost its top-of-the-line credit rating for the first time. The financial system of Europe seemed ready to collapse. Money managers sifted through data for signs that the economy was about to slide into a new recession. In the financial markets,… Continue Reading A summer many investors would rather forget

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