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Colorado is part of a $90.8 million multi-state settlement with UBS over allegations that the bank engaged in anti-competitive conduct in the municipal bonds deritive industry. The settlement is one component of a coordinated law enforcement and regulatory action involving the U.S. Department of Justice, the Securities and Exchange Commission and the Internal Revenue Service.… Continue Reading Colo. settles with UBS over misconduct allegations

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Colorado ranks third for tech assets

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Colorado ranks third in the nation for its investment in technology and science assets, according to the Milliken Institute. The state ranks behind Massachusetts and Maryland but before California and Utah. The institute says that with international competition and tight federal budgets, the states that are investing in high-tech jobs will be better poised for… Continue Reading Colorado ranks third for tech assets

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The Mountain States Business Conditions Index, which surveys supply managers, shows positive growth is likely over the next several months for Colorado, Utah and Wyoming. For the 15th straight month, leading economic indicators for the mountain region were positive, indicating economic growth is on tap for the first half of 2011. With a score of… Continue Reading Growth and potential inflation projected for Mountain States

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Colo. minimum-wage workers see small pay hike

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It’ll be a happier New Year for nearly 650,000 workers earning minimum wage – they’re getting small raises in seven states. Seven states that tie the minimum wage to the cost of living will see minimum wages go up between 9 cents and 12 cents an hour because the consumer price indexes in those states… Continue Reading Colo. minimum-wage workers see small pay hike

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Colo. health care lawsuit similar to Virginia’s

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Colorado’s joint lawsuit challenging the Obama administration’s health care law is similar to the case won by Virginia’s attorney general. A federal judge sided with Virginia Attorney General Kenneth Cuccinelli on Monday in declaring the health care law unconstitutional. Another lawsuit filed by 20 states, including Colorado, is still pending in Florida. Mike Saccone, a… Continue Reading Colo. health care lawsuit similar to Virginia’s

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Colo. record set for horizontal drilling permits

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Colorado officials say the state has issued a record 276 permits this year for horizontal oil and gas drilling, a technique that companies say is making it possible to recover more resources. The Colorado Oil and Gas Conservation Commission says 439 horizontal-drilling permits have been issued in the past three years. Commission Executive Director David… Continue Reading Colo. record set for horizontal drilling permits

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Colorado agricultural exports jump 28%

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Colorado’s agricultural exports rose $169 million or 27.7 percent during the first nine months of 2010 compared to the same period in last year. The total value of exports jumped to $778 million from $609.2 million in 2009. Each of the top agricultural sectors in the state reported an increase in the first three quarters of… Continue Reading Colorado agricultural exports jump 28%

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Slight decline in Colorado GDP

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Colorado’s state GDP fell 0.86 percent to $231.89 billion in 2009 from $233.9 billion the previous year, according to the U.S. Bureau of Economic Analysis. The report indicated declines in state GDP, also referred to as gross state product,  for 38 states. The average decline by state was 2.1 percent over that period, making Colorado’s… Continue Reading Slight decline in Colorado GDP

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CFO survey: Weak job market to continue in region

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More than 8 in 10 Chief Financial Officers believe the U.S. economy will not recover until the second half of 2011, if not later, according to a survey of more than 500 CFO’s conducted by Grant Thornton International. Just 24 percent of those surveyed said they plan to hire over the next six months, with… Continue Reading CFO survey: Weak job market to continue in region

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Colorado ranked fourth-best business state

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Colorado ranked No. 4 on Forbes annual list of best states for business for the second consecutive year. Forbes determines its rankings by comparing states in six crucial business categories: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. Colorado ranked in the top 10 in four of those categories,… Continue Reading Colorado ranked fourth-best business state

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