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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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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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