Home » Archives by category » economy (Page 16)

Colo. Republican: End pensions for Congress

Comments Off

Republican Rep. Mike Coffman says members of Congress should follow millions of American workers and give up their pensions. The Republican from suburban Denver says that when Congress returns from recess, he’ll suggest cutting the pension available to members with at least five years’ service. Coffman says that the bad economy prompted his idea. Coffman… Continue Reading Colo. Republican: End pensions for Congress

Continue reading …

An early stock market rally faded Wednesday, leaving indexes with small losses in early afternoon trading. The price of gold slumped 4 percent as investors became less fearful. A sharp increase in orders for long-lasting goods in July eased fears that the U.S. was headed for another recession. Companies placed more orders for aircraft, automobiles… Continue Reading An early US stock rally fades; indexes edge lower

Continue reading …

Stocks rise in early trading for second day

Comments Off

Stocks moved higher early Tuesday for the second day in a row, led by technology companies. Cisco Systems Inc. rose the most of the 30 stocks in the Dow Jones industrial average, gaining 2 percent. Microsoft Corp. and Oracle Corp. also rose 2 percent. Bank of America Corp. sank more than 3 percent, the worst… Continue Reading Stocks rise in early trading for second day

Continue reading …

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

Continue reading …

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

Continue reading …

Stocks lower but selling pressure eases

Comments Off

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

Continue reading …

State unemployment rate: unchanged

Comments Off

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

Continue reading …

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

Continue reading …

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

Continue reading …

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

Continue reading …