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The most recently tallied retirement savings numbers show Americans’ savings assets totaled $16.6 trillion at the end of the first quarter of this year. The numbers, which come from the Investment Company Institute, also show that retirement savings account for 38 percent of all household financial assets. The news makes March of this year a… Continue Reading Retirement savings watermark set during first quarter

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Small firms’ economic confidence strong

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Small-Business Optimism Index September, 2007 compared to previous month Plan To Increase Employment 14 -1 Plan To Increase Cap. Outlays* 29 2 Plan To Increase Inventories 0 4 Expect Economy To Improve 2 2 Expect Higher Real Sales 14 1 Current Inventory Satisfaction -3 -1 Current Job Openings* 25 0 Expected Credit Conditions -10 -1… Continue Reading Small firms’ economic confidence strong

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2008 construction bills to be even bigger

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Material and labor cost increases for construction are expected to be larger in 2008 than in the past 12 months, The Associated General Contractors of America said. AGC, a trade group, made the announcement today in its fifth Construction Inflation Alert, warning owners, budget setters and contractors of the expected higher costs. “Nonresidential construction has… Continue Reading 2008 construction bills to be even bigger

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Colorado-based MolsonCoors and SAB Miller PLC, the brewer of Miller Lite, said they will combine their U.S. brewing operations in an effort to compete against industry leader Anheuser-Busch. The joint venture will be known as MillerCoors and will have responsibility for brewing and selling brands including Miller Lite, Miller Genuine Draft, Coors, Coors Light and… Continue Reading Coors, Miller team to fight Budweiser on beer-market battlefield

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Pam Keller named EDC chairwoman

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Pam Keller, executive vice president of sales and marketing for Keller Homes has been appointed to serve as chairwoman of the Colorado Springs Economic Development Corp.’s board of directors. Keller replaces Steve Schneider, who will serve as an ex-officio board member. Also, George Hess, president of Vantage Homes Corp. and Fred Veitch, vice president, Nor’wood… Continue Reading Pam Keller named EDC chairwoman

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Mortgage sector to blame for job cuts

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About 37 percent of September job cuts were connected to the housing industry, which continues to slump, according to consulting firm Challenger, Gray and Christmas. Housing-related layoffs totaled 26,465 during September, while overall layoffs for the month totaled 71,739. The consulting firm considers mortgage lenders, construction companies and real estate firms the industries that make… Continue Reading Mortgage sector to blame for job cuts

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PIMCO’s Bill Gross expects rate cuts

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Bill Gross, Pacific Investment Management company founder and CEO said today that he expects further interest rate slashes from the Federal Reserve. “Should (Fed Chairman Ben) Bernanke put on a brave face and freeze rates in mid-descent, he risks exacerbating a housing crisis in the making. Yet, should he (thus) favor the homeowner, he risks… Continue Reading PIMCO’s Bill Gross expects rate cuts

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