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• Spiking gas prices stun drivers Play Video

  March 15, 2012 8:30 PM

  No your eyes aren't playing tricks on you. That photo really does show a 20 cent price jump at the same local gas station since Monday. In the past 30 days average price for a gallon of unleaded gasoline in Colorado Springs has risen by $0.50. Wave Dreher of... more »

• National championships signal new trend in Pueblo tourism strategy Play Video

  February 22, 2012 7:07 PM

  Hundreds of the nation's best college athletes will come to Massari Arena at Colorado State University-Pueblo next month for the NCAA Division II National Wrestling Championships. Even more will be in town in May for the National Track and Field Championships. Niki Whitaker, Associate Athletic Director for CSU-Pueblo, says... more »

• Local clean energy reps. agree with Obama's call for tax credits

  January 25, 2012 8:19 PM

  Last night in his State of the Union speech, President Obama called for an end to oil subsidies, urging lawmakers to instead pass tax credits to benefit the renewable energy industry. He said that green energy is clean, reduces dependence on foreign oil, and stimulates jobs and manufacturing at home.... more »

• Minimum wage increase could affect small businesses Play Video

  January 2, 2012 9:14 PM

  Michael Ezzat and his wife have been in business nearly thirty years. The couple owns Westside International Restaurant and Deli Mart in Colorado Springs. This year they were hoping to hire workers so they can retire. But because of the minimum wage increase, they can't afford to. "I would love... more »

• Lower gas prices a welcome sight during the holidays

  December 26, 2011 11:15 PM

  As shoppers continue to crowd malls and spend money all over Southern Colorado, there's at least one welcome sight in some places, gas under $3.00 a gallon. "I just had a flashback because they had said that it would never go under $3.00 ever again." said Danny Trujillo as he... more »

• State revenue forecast to be made today

  December 20, 2011 5:13 AM

  DENVER (AP) - Colorado economists are presenting the state's latest revenue forecast as lawmakers prepare to start the 2012 session next month. Gov. John Hickenlooper's economic team and nonpartisan legislative economists will present their forecasts to the Joint Budget Committee this morning. The report to lawmakers plays a role... more »

• Walmart announces plan to open two grocery stores Play Video

  December 9, 2011 8:32 PM

  Walmart has announced that it will open two Neighborhood Market Stores in Colorado Springs. which The new stores will offer all the items you'd find in a traditional grocery store plus more fresh items, pet supplies, and a pharmacy. Walmart will transform the abandoned Albertsons on Austin Bluffs near... more »

• Local jobs at stake in budget stalemate Play Video

  November 22, 2011 7:58 PM

  Thousands of local jobs are in jeopardy after the Congressional "Supercommittee" failed to agree on spending cuts. The stalemate triggered $1 trillion in automatic cuts to Medicare and defense spending. Economist Fred Crowley of Southern Colorado Economic Forum says any cuts in defense spending will have a direct, negative... more »

• One CEO states reasons for moving company to Colorado Play Video

  October 14, 2011 7:33 PM

  "Having access to your representatives is a very important asset for the community and we have that in town," says CEO and President of dpiX,, LLC Frank Caris. "It's very important, it's an asset that we should exploit," he adds. dpiX specializes in making digital X-rays, as well as... more »

• Health of economy in Southern Colorado Play Video

  October 14, 2011 7:14 PM

  Friday marked the 15th Annual Southern Colorado Economic Forum. It was held at the Antlers Hotel in downtown Colorado Springs. The forum brings together economists, business owners, and experts from public, private and academic sectors. Experts and business owners talk about the overall health of the local economy.... more »

• Dollar rises against euro on safety appeal

  October 13, 2011 11:32 AM

  WASHINGTON (AP) - The dollar is rising against currencies seen as riskier after weak Chinese trade data raised worries about global economic growth. China's trade surplus narrowed for a second straight month in September. Weaker spending by overseas consumers caused exports to decline, a troubling sign for the U.S. other... more »

• Army facing cut backs and getting creative

  October 12, 2011 9:40 AM

  WASHINGTON (AP) - Defense Secretary Leon Panetta says the Army must be creative in figuring out what it will look like in a future of declining defense budgets. Speaking Wednesday at the annual meeting of the soldier advocacy group Association of the United States Army, Panetta said the military... more »

• Corn surplus may affect food prices

  October 12, 2011 9:22 AM

  WASHINGTON (AP) - Food prices could rise more slowly next year because farmers have a bigger surplus of corn on hand than previously thought. The Department of Agriculture estimates farmers have 206 million more bushels of surplus corn on hand at the start of this year's harvest. That means... more »

• Telmosse giveaway needs a space Play Video

  October 11, 2011 7:34 PM

  For decades the Bob Telmosse Giveaway has been a place for families in the Pikes Peak region to get a Christmas dinner and new toys for their kids, free of charge, no questions asked. But this year organizers are wondering exactly where that place will be. With so many... more »

• EU to test bank capital for deeper Greek losses

  October 6, 2011 5:04 AM

  BRUSSELS (AP) - A European official says that EU finance ministers have asked the bloc's banking supervisor to draw up a report on banks' capital levels as the Greek debt crisis threatens another credit crunch. The official said Thursday that banks' ability to survive steeper losses on Greek debt... more »

• Consumer spend more, but their incomes fall

  September 30, 2011 8:44 AM

  WASHINGTON (AP) - Consumers spent slightly more last month, but they earned less for the first time in nearly two years. The new data on spending and incomes suggest Americans tapped their savings to cope with higher gas prices and a weaker economy. The Commerce Department says consumer spending... more »

• Studying downtown

  September 23, 2011 8:25 PM

  The University of Phoenix is no longer housed in the University of Phoenix Tower in Colorado Springs. That campus has officially moved into the bottom floor of the Holly Sugar Building Downtown. The new space is more centrally located for working professionals, who primarily make up the school's student... more »

• G20 vows to work together to boost global economy

  September 23, 2011 4:58 AM

  SEOUL, South Korea (AP) - G20 nations are vowing to work together to boost the struggling global economy and financial system. In a statement released today in South Korea, the Group of 20 leading advanced and emerging economies says its finance ministers and central bank governors are "committed to... more »

• Dow falls more than 400 on fears about economy

  September 22, 2011 4:19 PM

  NEW YORK (AP) - Stocks have closed sharply lower after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession. The Dow Jones industrial average fell as much as 527 points, the second consecutive rout since the Federal Reserve announced a change... more »

• NFL season jumpstarts the economy

  September 9, 2011 5:09 PM

  NEW YORK (AP) - When the NFL and players struck a deal to end the league's lockout, they didn't just save the football season that begins its first full day of games on Sunday. They saved the most profitable sport in America, the most popular show on TV and billions... more »

• World Bank expects slow US growth but no recession

  September 6, 2011 4:58 AM

  SINGAPORE (AP) - World Bank President Robert Zoellick says the U.S. economy will likely limp along with slow growth and high unemployment but avoid a recession. Zoellick told reporters Tuesday in Singapore that Europe's debt crisis threatens to undermine the confidence of consumers and investors. Zoellick says the... more »

• Labor Sec'y urges joint Dem-GOP effort on jobs

  September 5, 2011 8:19 AM

  WASHINGTON (AP) - Labor Secretary Hilda Solis says both political parties must come together to attack slow economic growth and high unemployment. Solis says "we do need everyone to be on board" with President Barack Obama as he tries to create a better hiring environment across the country. Solis... more »

• State Fair brings millions of dollars to Southern Colorado

  September 3, 2011 6:36 PM

  As the Colorado State Fair enters its final weekend, things are looking good inside the walls of the fair grounds. "We think our attendance is going to come in somewhere where it was last year. That's about 517,000." says State Fair GM Chris Wiseman. It brings in people from... more »

• Gold prices plunge more than 5 percent

  August 24, 2011 3:03 PM

  Gold prices are plunging as investors grow more confident about the global economy. Gold fell $104, or 5.6 percent, to settle at $1,757 an ounce Wednesday. It's the steepest percentage drop since March 2008. Gold is still is up 24 percent for the year. Investors have been buying... more »

• GOP goes on the attack over Obama economy

  August 13, 2011 9:05 AM

  WASHINGTON (AP) - Republicans are using their weekly address to criticize President Barack Obama on the economy, particularly government regulations. Sen. Pat Toomey of Pennsylvania says the regulations are overly burdensome and therefore discouraging businesses from expanding and hiring. He says "Clearly, the policies of this administration are not... more »

• President Obama tells voters to pressure Congress

  August 13, 2011 8:59 AM

  WASHINGTON (AP) - President Barack Obama is calling on frustrated voters to tell Congress they're sick of gridlock and partisanship and want to see compromise to boost the faltering economy and create jobs. In his weekly radio and Internet address, Obama says Americans have "got a right to be... more »

• Job openings rose in June, though levels are low

  August 10, 2011 11:36 AM

  WASHINGTON (AP) - Employers posted more job openings in June, a sign that hiring could improve a bit in the coming months. The Labor Department says the number of available jobs rose to 3.1 million, up from 3 million in May. It was the highest total since March. Roughly 4.5... more »

• Concern and hope for local economy Play Video

  August 6, 2011 12:44 AM

  "I know first hand that the job market is pretty tough," says Jose Dominguez, a Colorado Springs resident. It took Dominguez a couple of months to find work when he first moved to Colorado Springs, and he knows others who are looking. David Welker, a Fort Carson soldier, says... more »

• US stock futures bounce on hopeful jobs report

  August 5, 2011 9:18 AM

  NEW YORK (AP) - U.S. stock futures are rising strongly on a surprisingly strong report on the job market in July. The report comes a day after the market's worst trading day since 2008. The U.S. markets indexes have fallen 10 percent from their spring highs. Global stock markets plummeted... more »

• Unemployment rate dips, adds 117K jobs

  August 5, 2011 9:11 AM

  WASHINGTON (AP) Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years. The Labor Department says employers added 117,000 jobs last month. That's an improvement from the past two months. The mild... more »

• Unemployment report due Friday morning

  August 5, 2011 5:14 AM

  WASHINGTON (AP) - Amid worry about the U.S. economic slowdown,the government issues the monthly unemployment report Friday morning. Economists look for it to show that employers added 90,000 jobs. The unemployment rate is expected to remain unchanged at 9.2 percent. That would be an improvement over June, when the economy... more »

• Dunkin' gets warm response from new investors

  July 27, 2011 4:45 PM

  NEW YORK (AP) - It's time to make the money. Shares of Dunkin' Brands Group Inc. soared nearly 47 percent on Wednesday, their first day of trading, feeding the demand of investors looking to trade in coffee and doughnuts. Shares closed at $27.85, up $8.85 from the $19 price that... more »

• Housing market puts $50K more in buyers' pockets Play Video

  July 25, 2011 8:05 PM

  It's a great time to buy a house in the Colorado Springs area, but not such a great time to sell one. Economist Fred Crowley says low prices and low interest rates are creating a unique buying environment. "Prices for existing homes have dropped quite a bit, in some... more »

• Hay prices hurting local animal sanctuary Play Video

  July 24, 2011 9:00 PM

  Every morning in Yoder, Colorado Jim Griesemer heads out to feed his animals. Since 2007 Jim has run the Circle G Ranch. a sanctuary for abused or abandoned horses. "We feed them, take care of them, and make sure they get veterinarian service. We love them and we just let... more »

• Inflation pressures ease as gas prices fall

  July 14, 2011 10:50 AM

  WASHINGTON (AP) - Companies paid less for raw materials and factory goods in June, evidence that inflation pressures are weakening as gas prices fall. The Labor Department says that the Producer Price Index, which measures price changes before they reach the consumer, declined 0.4 percent in June, the steepest drop... more »

• Rodeo brings fun, economic boost

  July 13, 2011 11:34 PM

  It's time once again for the 71st Annual Pikes Peak or Bust Rodeo. It brings in tens of thousands of fans from all over the country. This year is no exception. "Last year we had just over 27,000 (people) for the duration of the rodeo. This year we're expecting closer... more »

• Tax revenues up in Colorado

  July 6, 2011 10:48 PM

  DENVER (AP) - The Colorado Municipal League says sales tax revenue increased an average of 6.5 percent across the state during the first four months of this year compared to the same time span last year. The organization says in a survey released Wednesday that 62 percent of cities and... more »

• CO GOP decries lack of progress with business regs

  June 25, 2011 7:43 PM

  DENVER (AP) - Republican lawmakers say their efforts to help Democratic Gov. John Hickenlooper promote a business-friendly environment have been stifled - by Democrats. They say Senate Democrats killed Republican-sponsored bills aimed at easing business regulations. Democrats argue that Republicans should've done a better job of getting support from the... more »

• Hill Climb tourism booming

  June 25, 2011 7:38 PM

  It's that time of the year again when tourists and competitors alike take to the top of America's Mountain for the Annual Pikes Peak International Hill Climb. Local merchants couldn't be any happier about it. Eric Bala and his wife have been running the Rainbow Lodge near Manitou Springs for... more »

• Hill Climb brings in cash for local merchants

  June 25, 2011 6:59 PM

  As the Pikes Peak International Hill Climb kicks off, local merchants are seeing as much action as the competitors themselves. We spoke with a hotel owner and a local cupcake maker about how much of a boost the race gives to their shops. We'll have more at 5:30 on News... more »

• Some state post offices to close

  June 1, 2011 4:17 PM

  DENVER (AP) - The U.S. Postal Service is proposing shutting down 11 post offices in Colorado and nine in Wyoming to help deal with a budget shortfall. The Denver Post reports that western area USPS spokesman Al DeSarro says communities are being notified of the closures following an $8.5... more »

• Cashing in on a dirty job

  May 30, 2011 5:30 PM

  A Colorado Springs man is seeing green when many dog owners only see brown. His pooper scooper business is growing, even in a down economy. Brad Gouveia started Backyard Pooper Scooper in 2007 and has steadily grown a loyal customer base. Things are going well enough that he's hired... more »

• Jobs are underway

  May 19, 2011 7:39 PM

  If you are hunting for a job in Colorado Springs, you are in luck. A veteran company, Entegris, is creating a new facility, and along with it, one hundred new jobs will be created. The Economic Development Corporation made the announcement this morning at the Antlers Hilton Hotel in... more »

• Farm boom continues

  May 13, 2011 3:33 PM

  OMAHA, Neb. (AP) - The Federal Reserve Bank of Kansas City says the farm boom is continuing this year as high crop prices and improved livestock prices combine to drive farm income higher. The Fed said Friday that robust farm income in region helped drive cropland values up roughly... more »

• Retail sales looking up

  May 5, 2011 10:45 AM

  NEW YORK (AP) - Retailers are reporting strong April sales that were helped by a late Easter, capping off a solid spring season. However, some stores are starting to warn that shoppers are facing increasing pressure from high gas prices. As merchants report their results Thursday, a diverse group, including... more »

• Trade-ins bring big savings to car buyers Play Video

  May 4, 2011 11:00 PM

  As gas prices seem to get higher and higher everyday there's another market emerging in the consumers favor, trading in your used car. To find out what's behind the trend, we went to Bob Penkhus, one of the largest car dealers in Colorado Springs. "It's kind of a perfect... more »

• Gas prices once again rising Play Video

  May 3, 2011 11:45 PM

  Gas prices are up once again. Right now we are paying the most we've ever paid during springtime. In Colorado Springs and Pueblo a gallon of regular has jumped up 56 cents since February according to AAA. "It's terrible. It's like another monthly bill." says Erica as she filled up... more »

• Study shows how local economy would benefit if more graduated from high school

  April 26, 2011 6:02 PM

  A study from the Alliance for Excellent Education projects a boost to economy in Colorado Springs and Pueblo if the high school drop out rate could be cut by half. "The best economic stimulus is a high school diploma," said Bob Wise, president of the Alliance for Excellent Education... more »

• Colorado sees population boom despite job losses

  April 24, 2011 2:19 PM

  DENVER (AP) - Economists and demographers say the number of people moving to Colorado is far outpacing the jobs created in the state. The Denver Post reported Sunday that economists predict the state will gain between 10,000 to 20,000 jobs this year but Colorado's population is expected to grow... more »

• Just 2 Colorado ski areas still open after Sunday

  April 24, 2011 12:33 PM

  DENVER (AP) - Some Colorado ski resorts got a boost this winter from decent snow and a better economy, but a few frigid days, good snow in other parts of the country, and spotty storms elsewhere in the state could keep it from being an epic season. Aspen Highlands,... more »

• Tight budgets creating a lot of stress for local families

  April 18, 2011 8:15 PM

  With prices rising on basic necessities -- like fuel, food, and clothing -- budgets are getting tight for families across the country. $100 dollars doesn't take Jan Piane as far as it did a year ago at the grocery store. "I definitely see that I'm bringing home less... more »

• McDonald's set to hire 1,000 people in Colorado tomorrow

  April 18, 2011 7:50 PM

  McDonald's is set to hire 50,000 people nationwide tomorrow, April 19. In Colorado, people can apply for 1,000 jobs. In southern Colorado, people can apply for about 200 jobs. The jobs vary from part-time positions to management positions. Colorado Springs restaurant owner Brent Louzon says the restaurants are... more »

• Colorado ranks among top 10 states to make a living

  April 17, 2011 8:13 AM

  Colorado is among the 10 best states in the country to make a living according to a new ranking compiled by the website money-rates.com . The survey compared unemployment rates with average wages, tax rates and the cost of living index in each state. According to the report,... more »

• Western Slope job outlook poor

  April 3, 2011 2:04 PM

  GRAND JUNCTION, Colo. (AP) - Despite new job orders in energy and construction, Colorado's Western Slope is coping with near-record jobless rates. Grand Junction's unemployment rate has tripled in the past two years and stands at above 11 percent. Mesa County reports that several hundred people apply for... more »

• Colorado Dems hitting the road for spending ideas

  March 19, 2011 9:46 AM

  DENVER (AP) - Next year's state budget isn't going to be pretty - and Democratic lawmakers are branching out this weekend looking for constituent ideas on how to cut spending. Democratic legislators planned town hall-style meetings in a dozen different Colorado towns Saturday looking for ideas on next year's... more »

• Gas prices still on the rise Play Video

  March 8, 2011 11:29 PM

  It seems every week you're paying more at the pump. One of the worst areas hit, a gas station in Florida near the Orlando International Airport. The price? Try $5.39 for a gallon of regular! Here in Southern Colorado it's not as bad, but we've still seen an increase over... more »

• Improving economy raises hopes for better hiring

  March 3, 2011 11:16 PM

  WASHINGTON (AP) Economists are expecting a strong report on job growth in February, bolstered by news that fewer people sought unemployment benefits last week than in any week in nearly three years. The sharp decline in applications for unemployment benefits, along with positive reports Thursday from retailers and the... more »

• Safe 2 Tell may lose funding Play Video

  February 7, 2011 8:29 PM

  Safe 2 Tell, a popular school resource designed to keep your students safe may hit the financial chopping block. The program has been in Colorado schools since 2004. Through its website, phone number and text system, students can anonymously report problems at school ranging from bullying and drug use to... more »

• UNC enacts hiring freeze, other cost-cutting plans

  February 4, 2011 7:21 AM

  GREELEY (AP)-University of Northern Colorado President Kay Norton has announced plans to freeze some hiring to help cover a projected $14 million shortfall in the next school year. Norton said Wednesday that the university in Greeley will freeze the hiring of all non-faculty positions with annual salaries of more... more »

• Egypt conflict affecting oil prices Play Video

  January 31, 2011 7:48 PM

  Any trip to the pump lately likely hasn't been cheap. Oil prices are once again going up. "The market showed that it went up substantially on Friday, about $3.70 a barrel." explains Harlan Ochs, President of Acorn Petroleum in Colorado Springs. Part of that rise can be attributed to... more »

• State Legislators in showdown over "Amazon Tax" Play Video

  January 30, 2011 3:33 AM

  Sides are being drawn over the states so called "Amazon Tax". The bill passed by the 2010 Legislature says online retail giants like Amazon would be required to either start collecting state sales taxes, or provide the state with a summary of customers' web purchases. Wednesday, a federal judge blocked... more »

• 2010 ended with economy gaining strength

  January 28, 2011 10:34 AM

  WASHINGTON (AP)- The economy gained strength at the end of last year as Americans spent at the fastest pace in four years and U.S. companies sold more overseas. The growth is boosting hopes for a stronger 2011. The Commerce Department reported Friday that growth rose to an annual rate... more »

• Economy probably gained speed at year end

  January 27, 2011 11:56 PM

  WASHINGTON (AP) Americans likely spent more freely and U.S. companies sold more abroad, giving the economy solid momentum at the end of last year. That's boosting hopes for a stronger 2011. Economists expect the government to report Friday that economic growth rose at an annualized rate of 3.5 percent... more »