The Economy
12/24/2012
Drivers getting good gas prices this holiday
Posted 6:01 PM 12/24/2012 by Joe Bevans
Gas prices in Colorado Springs and Pueblo are falling. Rudy's store on Hightway 24 offered unleaded regular at 2.77 per gallon today. The average for the Springs is 3.03 a gallon. Pueblo is slightly higher at 3.14.
12/22/2012
Water spill at oil and gas site was fresh water
Posted 9:56 AM 12/22/2012 by Matt Stafford
El Paso County inspectors say there were no hazardous materials released in spill of 1.8 million gallons of water at an oil and gas exploration site in the eastern part of the county.
This was at an oil and gas exploration site run by Hilcorp Energy Company on Meyers Road. Hilcorp reported (More)
12/20/2012
US home sales surge to highest level in 3 years
Posted 10:25 AM 12/20/2012 by Lauren Molenburg
WASHINGTON (AP) - U.S. sales of previously occupied homes jumped to their highest level in three years last month, bolstered by steady job gains and record-low mortgage rates. The report was the latest sign of a sustained recovery in the housing market.
The National Association of Realtors (More)
12/19/2012
No more Government Motors: US selling GM shares
Posted 11:11 AM 12/19/2012 by Lauren Molenburg
DETROIT (AP) - The U.S. government's foray into the car business is slowly coming to an end.
The Treasury Department said Wednesday that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout that saved the iconic American car giant (More)
Obama: Ready to do 'tough things' for fiscal deal
State suspensions trigger Greek strike
12/18/2012
Justice reaches settlement with Penguin on e-books
Posted 4:22 PM 12/18/2012 by Matt Stafford
WASHINGTON (AP) - The Justice Department says it has reached a settlement with one of the nation's largest book publishers over charges it conspired with other companies to raise prices for electronic books. Federal officials say the agreement with Penguin Group (USA) Inc., if (More)
12/17/2012
El Paso County considering new marijuana rules; already changes to City enforcement
Posted 5:47 PM 12/17/2012 by Matt Stafford
El Paso County Commissioners are scheduled to consider two proposals on Tuesday related to the recent voter-approved constitutional amendment legalizing marijuana in Colorado.
According to a release from the county, one of the proposals would prohibit possession, display, and use of (More)
Oil rises on new hope of 'fiscal cliff' resolution
12/16/2012
National Parks face deep cuts if US goes of 'fiscal cliff'
Posted 11:36 AM 12/16/2012 by Matt Stafford
DENVER (AP) - The National Park Service is trying to find at least an 8 percent cut in spending in case Congress fails to reach a decision on the "fiscal cliff." The Denver Post reports Colorado, home to 17 National Park Service properties, could see cuts that impact the state's (More)
12/12/2012
Boehner: 'Serious differences' remain in talks
Posted 10:19 AM 12/12/2012 by Lauren Molenburg
WASHINGTON (AP) - House Speaker John Boehner said Wednesday that "serious differences" remain between him and President Barack Obama in negotiations on averting automatic spending cuts and tax increases that economists fear could send the U.S. economy over a "fiscal cliff."
Boehner's (More)
Hands off our heritage: Some wary of China's reach
Foreclosure filings dip in November
12/11/2012
US, EU considering world's biggest free trade pact
Posted 10:34 AM 12/11/2012 by Lauren Molenburg
WASHINGTON (AP) - After years of battling each other on trade issues, U.S. and European officials are contemplating a dramatic change in direction: joining together in what could be the world's largest free trade pact in an attempt to boost their struggling economies.
Discussions are in (More)
12/10/2012
Obama heading to Michigan to push taxes on rich
Posted 10:12 AM 12/10/2012 by Lauren Molenburg
WASHINGTON (AP) - President Barack Obama is pressing for public support Monday to raise taxes on the wealthiest Americans, a day after he and House Speaker John Boehner met one-on-one for the first time to discuss ways to avert the "fiscal cliff."
Neither side provided details of the (More)
Italian election means new stress for eurozone
12/7/2012
Boehner: No progress in fiscal cliff talks
Posted 11:35 AM 12/7/2012 by Lauren Molenburg
WASHINGTON (AP) - House Speaker John Boehner said Friday there has been no progress in negotiations to avert a "fiscal cliff" combination of automatic tax increases and spending cuts in January and called on President Barack Obama to produce a new offer.
Four days after House Republicans (More)
12/6/2012
ECB could be done helping eurozone economy
Posted 10:04 AM 12/6/2012 by Lauren Molenburg
FRANKFURT, Germany (AP) - The European Central Bank is unlikely to offer any further help for Europe's sagging economy Thursday after already lowering interest rates to record lows and calming the region's debt crisis with its plan to buy the bonds of heavily indebted governments.
After a (More)
12/5/2012
Olive Garden owner to hold off on worker changes
Posted 6:16 PM 12/5/2012 by Matt Stafford
NEW YORK (AP) - The owner of Olive Garden and Red Lobster says it won't bump any full-time workers down to part-time status, after its tests aimed at limiting health care costs resulted in a publicity backlash that took a bite out of sales. At the same time, Darden Restaurants Inc. (More)...
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