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OAK BROOK, Ill. (AP) _ McDonald’s Corp. today reported strong sales increases in Europe and modest gains in the United States last month, easing investor concerns about fallout from an economic slowdown. The world’s largest fast-food chain said same-store sales rose 5.7 percent in January, driven by the international growth and the weak dollar which… Continue Reading McDonald’s 5.7 percent January sales boost eases investor concerns; stock jumps

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Retail still unsteady in January

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The Associated Press NEW YORK – The nation’s retailers delivered more evidence of a stumbling economy, as merchants including Wal-Mart Stores Inc. reported weak January results, extending a malaise that has deepened since the holiday shopping season. The disappointing sales figures made it clear that consumers wrestling with high gas and food prices, a slumping… Continue Reading Retail still unsteady in January

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2007 brings mixed results for insurance industry

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Life and health insurers had a strong first three quarters of 2007, and property and casualty insurers are continuing to hold on, even as profits are dropping, according to SNL Financial’s statutory insurance data. The life insurance industry earned $28 billion during the first nine months of 2007, up $3 billion from a year ago,… Continue Reading 2007 brings mixed results for insurance industry

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Congress at odds over checks for elderly

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WASHINGTON (AP) _ The Senate moved toward a partisan clash Wednesday over Democrats’ efforts to add more than $40 billion in checks for the elderly, disabled veterans and the unemployed, and heating aid for the poor to a House-passed economic aid plan. Democrats were struggling to find enough GOP support to advance the package over… Continue Reading Congress at odds over checks for elderly

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County economic development initiatives pass

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The El Paso County Board of Commissioners has approved two economic development measures. The first was a contract between the state of Colorado’s Economic Development Commission and El Paso County, granting $12,500 to market and promote its enterprise zone, one of 16 in the state. The zone covers parts of Colorado Springs, Manitou Springs and… Continue Reading County economic development initiatives pass

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Junior Achievement Biz Kid$ initiative

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Biz Kid$, an initiative launched by Junior Achievement, is aimed at educating young people about finances and entrepreneurship. The multi-media initiative includes classroom curricula, a companion public TV series, a Web site and online newsletter. Junior Achievement created the classroom curricula for the initiative and, through its volunteer network, will offer it to teachers and… Continue Reading Junior Achievement Biz Kid$ initiative

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Nonresidential construction employment eked out a modest gain in January, implying that the spending rise of 2007 will continue, said Ken Simonson, chief economist for the Associated General Contractors of America. His comments followed the release of two January economic reports. The first came from the Bureau of Labor Statistics and covered payroll employment. The… Continue Reading Up trend continues for nonresidential construction

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The Associated Press Consumers increased their spending at the weakest pace in six months while applications for unemployment benefits soared last week, two more signs the economy is weakening. The Commerce Department reported today that consumer spending edged up just 0.2 percent during December – the year’s peak shopping season – down sharply from a… Continue Reading Two ‘clear’ signs of weakening economy emerge

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Treasury Dept. to sell $22 million in debt

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The Associated Press The Treasury Department said Wednesday it will sell $22 billion in debt at its quarterly auction next week as officials study ways to finance the economic stimulus package, which is expected to boost this year’s deficit by more than $100 billion. The department said it will auction $13 billion in 10-year notes… Continue Reading Treasury Dept. to sell $22 million in debt

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Thredgold on recession odds, long-term forecast

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Vectra Bank Colorado corporate economist Jeff Thredgold said the likelihood of recession is 50 percent, although no one will know whether it’s happened until early next year. Thredgold’s long-term economic forecast includes the following highlights: National unemployment will move modestly higher this year before declining during 2009. Inflation, which has been at its highest level… Continue Reading Thredgold on recession odds, long-term forecast

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