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The auto industry looks set to ride the appeal of smaller cars to its best monthly performance in almost four years. General Motors Co. said Tuesday that its U.S. sales rose 12 percent in March on solid demand for cars and small crossovers that achieve 30 miles per gallon or better on the highway. Chrysler… Continue Reading Auto sales surge in March, led by small cars

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Colorado economy continues to improve

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The state’s economy continues to improve, according to the latest release from the Mountain States Index. The three states that make up the region – Utah, Colorado and Wyoming, saw their economy grow for the 29th straight month, and at levels higher than the national index, which has grown more slowly, said the report from… Continue Reading Colorado economy continues to improve

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Manufacturing in 2 US regions grew in March

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Manufacturing in the northeastern United States expanded this month at its best pace in nearly a year. The growth confirms other data showing the U.S. economy is strengthening. A Federal Reserve Bank of Philadelphia index of manufacturing conditions rose in March to 12.5, its highest reading since April 2011. A similar survey by the Federal… Continue Reading Manufacturing in 2 US regions grew in March

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Oil slides below $105

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Crude oil prices fell below $105 a barrel Tuesday on concerns about global economic growth and the prolonged tensions over Iran’s nuclear program. Benchmark oil for April delivery was down $1.87, or 1.7 percent, to $104.85 a barrel in early afternoon trading on the New York Mercantile Exchange. In London, Brent crude fell $1.49 to… Continue Reading Oil slides below $105

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Manufacturing activity grew more slowly in February as U.S. factories received fewer new orders and paid higher prices for raw materials. The Institute for Supply management, a trade group of purchasing managers, said Thursday that its manufacturing index fell last month to 52.4 from 54.1 in January. The reading was the lowest since November. Still,… Continue Reading Manufacturing grows at slower pace in February

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Local economy strongest in two years

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It’s been a long couple of years since folks in El Paso County have bought houses and new cars. They put it off and saved their money instead. Now, there are signs that people are ready to spend, said Fred Crowley, Southern Colorado Economic Forum senior economist. The El Paso County economy showed its strongest… Continue Reading Local economy strongest in two years

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Bid preference for hiring local workers weighed

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A proposal to give bidding preferences to companies that employ mostly Colorado workers for state projects is getting its first hearing. The bill is one that Senate Democrats have heralded as one of the main features of their job-creation plan this legislative. But the idea is not welcomed by Republicans and some business groups. Senate… Continue Reading Bid preference for hiring local workers weighed

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Trade deficit widens to $48.8 billion in December

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Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year. The Commerce Department said Friday that the overall trade deficit widened to $48.8 billion in December because imports… Continue Reading Trade deficit widens to $48.8 billion in December

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Factory orders up 1.1 percent in December

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Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery. The results cap off another strong year for U.S. manufacturing. Combined with strong figures released Thursday on job growth in January, they signal the economic recovery is gathering strength. Factory orders rose 1.1 percent… Continue Reading Factory orders up 1.1 percent in December

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Economy to headline legislative session

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Hang onto your wallets, Colorado. The Legislature is back in session. It’s an old joke, but it holds special significance for the 2012 session. This year, it’s all about helping voters’ pocketbooks. Expect long arguments over the next five months about how to strengthen the economy, chip away at Colorado’s 8 percent unemployment rate, and… Continue Reading Economy to headline legislative session

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