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Archive for the ‘Uncategorized’ Category

Freddy’s opens first of four planned restaurants

by Amanda Miller Published: January 17,2012

Tags: building, burgers, development, fast food, Freddy's, restaurant

Freddy’s Frozen Custard & Steakburgers opened the first of  four new restaurants in the Colorado Springs area today. The restaurant chain opened in Monument and franchisee Kyle Gerstner said he plans to begin construction on another along the Powers Boulevard corridor in June. Freddy’s opened its first store in 2002 in Wichita, Kan. The Monument restaurant is [...] [...]

Downtown sandwich shop closes

by Amanda Miller Published: January 16,2012

Tags: closure, downtown restaurant, OPB&J, Retail, snadwich shop

A downtown sandwich shop quietly shuttered its doors some time in the last few weeks. OPB&J, known for organic peanut butter and jelly sandwiches, gourmet grilled cheese sandwiches and soups opened in the summer of 2010. The lunch spot was closed by the afternoon of Jan. 12 with white butcher paper covering the windows and no sign [...] [...]

Report: Layoffs likely to slow in 2012

by Amanda Miller Published: January 11,2012

Tags: employers, hiring, layoffs, staffing

U.S. employers anticipate few staffing cutbacks in 2012 and many expect to increase hiring, according to a report released by Right Management. Only 3 percent of the 600 survey respondents, which were executives in private, non-profit and government organizations, said they anticipate significant staffing cutbacks or restructurings this year. Two-thirds said they expect almost none. One in [...] [...]

Trustee: Foreclosures to drop off in late 2012

by Amanda Miller Published: January 4,2012

Tags: deed releases, Foreclosures, Real Estate

Foreclosures will continue to fall in 2012, leading to an improved real estate market for El Paso County in 2013. Public Trustee Tom Mowle said that there were fewer foreclosures in 2011, and he expects that trend to continue. There were 3,603 foreclosure starts in 2011, down 25 percent from 4,828 in 2010 and down 34 percent [...] [...]

Three properties sold at foreclosure auction

by Amanda Miller Published: December 30,2011

Tags: foreclosure sale, Real Estate

Third-party investors bought three of 21 properties that sold at the El Paso County Public Trustee’s foreclosure auction this week. Old West Land Company bought an almost 1,400-square foot 2003 townhouse at 4373 Prestige Point for $100,518.20. The property, formerly owned by Samuel Levy is valued at $138,738 by the El Paso County Assessor. Levy borrowed [...] [...]

Personal income rises above 2008 peak

by Amanda Miller Published: December 20,2011

Tags: economy, inflation, personal income, wages

Personal income levels in the third quarter of this year rose above their 2008 peak for the first time since the recession began, according to a report from the Bureau of Labor Statistics. Personal income in Colorado hit a peak of $225 billion in the third quarter, up 3.28 percent over the previous $218.1 billion record [...] [...]

Raymond James is 16th to settle in ARS complaints

by Amanda Miller Published: December 16,2011

Tags: auction rate securities, Investors, raymond james, settlement

Raymond James Financial Services agreed Wednesday to buy back in excess of $25 million worth of auction rate securities from Colorado investors in a settlement with the Colorado Division of Securities. The firm was accused of allowing salespeople to tell investors that the auction rate securities were just as liquid as money market accounts, but with [...] [...]

Flying Horse preps for further development (access required)

by Amanda Miller Published: December 15,2011

Tags: development, Flying Horse, Planning Commission, Real Estate

Developers of the Flying Horse golf course development on the far north end of town are asking the Colorado Springs planning commission today for the green light to break ground on 122 new single-family home sites. Doug Stimple, owner of Flying Horse Development and Classic Homes said the new plots will be in the development’s Turin [...] [...]

Morgan Stanley to cut 1,600 jobs

by Staff Writer Published: December 15,2011

Tags:

The nation’s sixth largest bank plans to cut 1,600 jobs globally at the start of 2012, reports Bloomberg. The layoffs will occur at all levels, according to officials [...]

Local tech business might leave town

by Amanda Miller Published: December 14,2011

Tags: Jobs, layoffs, Tech for Less

ModusLink Global Solutions is considering moving Tech for Less jobs to Bloomington, Ind. ModusLink bought Tech for Less in 2009 and said this week it may consider moving jobs. A former employee said this week that the company plans to move some operations to Bloomington, shut down one of the facilities, and possibly move customer service jobs [...] [...]

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