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A new survey says salaried U.S. workers can expect another year of modest raises in 2012. After increasing salaries by 2.6 percent this year and last year, companies are planning a 2.8 percent bump in 2012, benefits and human resources consultancy Towers Watson reported Monday. That’s somewhat smaller than raises in the last decade. From… Continue Reading Survey: Small raises for salaried workers in 2012

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Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending. The ouster of Libyan leader Moammar Gadhafi’s could allow the nation to resume oil exports, which have stopped during the country’s six-month conflict. That could ease global supply constraints that drove fuel prices to three-year highs earlier this year. But… Continue Reading Oil mixed as Libya conflict seems close to ending

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Stocks lower but selling pressure eases

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Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector. However, smaller than anticipated losses on Wall Street helped European markets recoup a large chunk of their earlier losses by the close. In Europe, Britain’s… Continue Reading Stocks lower but selling pressure eases

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State unemployment rate: unchanged

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Colorado saw no change in the state unemployment rate from June to July of this year, according to figures from the Colorado Department of Labor and Employment. The state added 3,200 nonfarm payroll jobs, for a total of 2.2 million people employed in the state, according to the monthly survey of business establishments. Government jobs… Continue Reading State unemployment rate: unchanged

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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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More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week. In the United States, there were reports that more people joined the unemployment line last week than a week earlier, gasoline… Continue Reading Here we go again: Stocks plunge on economic fear

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Colorado is receiving $15.3 million in federal grants to fund several transportation projects. U.S. Transportation Secretary Ray LaHood says the grants announced Wednesday will create jobs and strengthen the state economy. The grant money will help with the widening of Interstate 225 between Parker Road and Mississippi Avenue in Denver. The funds will also go… Continue Reading Colo. gets $15.3 million in federal transportation funds

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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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After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April. Layoffs are easing in most states, and some economists are predicting mild improvement in job growth. The brighter… Continue Reading 4-month low in unemployment claims eases fears

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