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FedEx 1Q profit doubles; will cut 1,700 jobs

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FedEx Corp. indicated Thursday that the global economic recovery remains uneven. It touted strength in its international shipping operations while moving to fix the weak spot in its business: its money-losing U.S. trucking business. FedEx did raise its financial outlook for the full fiscal year after its first-quarter net income doubled. But the projections for… Continue Reading FedEx 1Q profit doubles; will cut 1,700 jobs

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Huntsville, Ala., has been beating Colorado Springs at the aerospace jobs game for a long time. As Business Journal reporter Amy Gillentine reported in last week’s issue, the reasons why are numerous. They’re winning because their efforts are coordinated. Huntsville enjoys widespread private and public support for its economic development organizations. There’s a prevailing belief… Continue Reading Let’s see a lot more focus on attracting space jobs

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A $26 billion jobs bill signed this week by President Barack Obama could save 2,600 teaching jobs in Colorado. U.S. Rep. Jared Polis says the bill will provide Colorado school districts with $160 million, to be distributed to school districts throughout the state. He said without the bill, class sizes would be larger for students… Continue Reading Colo. school districts get stimulus to save jobs

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Responding to criticism from lawmakers and jobseekers, Colorado Gov. Bill Ritter issued an executive order Wednesday directing state agencies to track job creation. The executive order requires the Colorado Economic Development Commission to include information about job-creation activities in its annual report to the state Legislature. It also instructs the commission to prepare a plan… Continue Reading Colo. governor issues order to track job creation

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The economy got what it was looking for in April: A burst of hiring that added a net 290,000 jobs, the biggest monthly total in four years. The improving picture drew so many more people into the labor force in search of employment that the jobless rate rose to 9.9 percent. The hiring last month… Continue Reading Jobs up 290,000; jobless rate rises to 9.9 percent

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Everest could bring more than 500 jobs

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Everest College, a private, higher-education company with campuses nationwide, could employ 500 or more people at the former Intel plant in Colorado Springs. News surfaced Wednesday that the college had leased 70,000 square feet on the Corporate Ridge Office and Technology Center campus. Competition for the education provider’s new online division headquarters was intense. As… Continue Reading Everest could bring more than 500 jobs

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USAA adding 200 jobs

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Armed forces insurance provider USAA said today it will bring 200 jobs to Colorado Springs when it opens a financial services division in April. “Our mission is to facilitate the financial security of our members, the men and women of the U.S. armed forces and their families,” said Jim Salek, vice president and general manager of USAA’s Colorado… Continue Reading USAA adding 200 jobs

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Small businesses need proper tools to create jobs

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The message from President Barack Obama is clear: we must give small businesses the tools they need to create the jobs America needs. Small businesses are the biggest engine for job creation, having created nearly 65 percent of net new jobs over the last 15 years. However, in this tough economic climate, small businesses still… Continue Reading Small businesses need proper tools to create jobs

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PacRim to create 50 jobs in Colorado

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A company that supplies digital marketing and advertising is expanding in Colorado, and expects to bring 50 jobs to Denver and Colorado Springs. The company has not yet decided how the jobs will be divided between the two cities. PacRim Digital Media Group Inc. is headquartered in Hawaii, but has embarked on a 13-state expansion.… Continue Reading PacRim to create 50 jobs in Colorado

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Staying on the job the new norm

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Customer orders are under budget, the boss is impatient and your 401K returns are lousy, but quit your job? Not so quick, say 52 percent of Americans polled by the Pew Research Center’s Social & Demographic Trend Project. In the midst of a recession that has taken a heavy toll on many nest eggs, just… Continue Reading Staying on the job the new norm

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