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Value of Colorado M&A activity up

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Colorado’s mergers and acquisition activity in the first three quarters of the year totaled 45 deals worth $32.9 billion. The value of deals was up 89 percent for the same period, but deal count – the number of transactions closed for the period – was off by 15 percent from 2009, according to the Financial… Continue Reading Value of Colorado M&A activity up

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Springs salaries expected to rise

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Colorado Springs employers appear to lead the Mountain Region when it comes to salary increases. According to the Mountain States Employers Council’s latest pay increase survey, Colorado Springs and Boulder/Longmont led were expected to see the biggest average pay increases in the three-state region, at 2.4 percent and 2.2 percent respectively for 2011. In survey… Continue Reading Springs salaries expected to rise

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Flying Horse Ranch set for auction

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The 3,600-acre Flying Horse Ranch in Park County, purchased by Classic Cos. CEO Jeff Smith in 2002, will be sold at auction Oct. 22. The ranch is owned by the Smith family and is not part of Classic Cos.’ local Flying Horse real estate development. The property is listed for sale with Hayden Outdoors, a… Continue Reading Flying Horse Ranch set for auction

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Colorado takes part in drug settlement

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Colorado will receive $2 million as part of a settlement between a pharmaceutical company and the state that alleges the company improperly promoted the anti-psychotic drug in the state. Colorado’s money is part of a settlement to resolve three federal whistleblower lawsuits, as well as other claims from various states and the federal government. The… Continue Reading Colorado takes part in drug settlement

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Gov. Bill Ritter announced today that Colorado will opt out of a federal Medicare rule that requires physician supervision in rural hospitals for certified registered nurse anesthetists. Colorado joins 15 other states – many of them large, western and rural – that have opted out of the rule since it became an option in 2001.… Continue Reading Colorado opts out of anesthesia rule

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Fewer uninsured, but Medicaid rolls grow

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Fewer people were uninsured in 2009, according to information from the U.S. Census Bureau. But a close look at the numbers shows that’s because more people were enrolled in government health care programs. Colorado uninsured numbers decreased from 16.8 percent in 2007 to 15.6 percent in 2009 while government coverage increased from 21 percent in… Continue Reading Fewer uninsured, but Medicaid rolls grow

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Colorado budget cuts going deeper

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Gov. Bill Ritter may be forced to cut another $189 million from Colorado’s budget because of a sluggish economic recovery and lower-than-expected revenues. State budget officials compared the recovery to having a hangover – they say the economy is a little bit slower, a little less energetic than expected. In June, Ritter was forced to… Continue Reading Colorado budget cuts going deeper

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State auditors say Colorado needs to overhaul the way it funds unemployment benefits if it wants to avoid repeated shortfalls. Lawmakers held a hearing on the audit yesterday. The Colorado Unemployment Insurance Trust has borrowed $188 million from the federal government after becoming insolvent in January. The state Labor and Unemployment Department says it could… Continue Reading Audit: Overhaul funding for Colo. jobless benefits

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A new health insurance plan to cover people with pre-existing conditions is now available in Colorado.

The plan began accepting customers today. Gov. Bill Ritter says providing insurance for people who’ve suffered from diseases could reduce the cost of health care.

The plan is a result of health care reform passed by Congress this year and will be phased out in 2014 when the core parts of that legislation takes effect.

Colorado is one of 29 states that will administer their own plans. The federal government will run the program in the remaining 21 states. Continue Reading Gov. Ritter unveils new health insurance plan

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Springs jobless rate rises slightly

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The Colorado Springs jobless rate rose to 8.6 percent last month from 8.5 percent the previous month, the Colorado Department of Labor and Employment reported today. And, while unemployment claims rose by 100, it was mostly the result of 3,700 people vacated the job market by stopping their search for a job. Payrolls last month… Continue Reading Springs jobless rate rises slightly

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