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Springs employers anticipate salary increases in 2013

Employers in Colorado Springs anticipate giving workers a 2.1 percent salary increase next year, according to an annual survey from the Mountain States Employers Council. That’s lower than the state average of 2.5 percent, but projected increases are higher than those predicted for 2010 and 2011. Nearly 500 employers participated in the survey and represented… Continue Reading Springs employers anticipate salary increases in 2013

Consumer price index creeps up in March

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Consumer prices rose .9 percent in March, according to information from the U.S. Bureau of Labor Statistics. Continue Reading Consumer price index creeps up in March

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Oil jumps to $101 on int’l banking plan

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The price of oil surged to $101 per barrel Wednesday, as the U.S. and other countries tried to make it easier for banks to lend money and keep the global economy growing. The Federal Reserve said it will team up with the European Central Bank, the Bank of England and the central banks of Canada,… Continue Reading Oil jumps to $101 on int’l banking plan

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Insurance division extends Anthem review

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The Colorado Division of Insurance will continue its market conduct exam of Anthem Blue Cross and Blue Shield, also known as Rocky Mountain Hospital and Medical Service. The division begin its investigation in March after complaints that Anthem’s latest rate increases – which went as high as 25 percent – were too high. No deadline… Continue Reading Insurance division extends Anthem review

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REI doubles earnings

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Recreational Equipment Inc., otherwise known as REI to outdoor enthusiasts, more than doubled its earnings during 2009. The company reported that its profits increased from $29.8 million from $14.5 million during 2008. Operating expenses increased slightly to 37.8 percent from 37 percent a year ago. Operating income increased 36.6 percent to $100.6 million from $73.6… Continue Reading REI doubles earnings

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As U.S. struggles, India poised for growth

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India’s economic growth is likely to return to pre-crisis levels in the next fiscal year, driven by strong industrial and agriculture growth. The Centre for Monitoring Indian Economy expects Asia’s third largest economy’s gross domestic product to grow by 9.2 percent during 2010, up from 6.9 percent in 2009. “In fiscal 2010/11, real GDP growth… Continue Reading As U.S. struggles, India poised for growth

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