- Business briefs
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- U.S. gas pricesdip below $2HOUSTON • Only four months after peaking at an unheard of $4.11 a gallon, the national average price for gasoline tumbled below $2 Friday, its lowest point in more than... More of this story
- 19 minutes ago
Latest Business
- Comparison shopping loaded with lessons for youngsters
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- My 7-year-old grandson, Aidan, is a huge "Star Wars" fan. Imagine his excitement when he realized that,... Full story»
- 36 minutes ago
- Wal-Mart changes leaders just before crucial holiday season
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- NEW YORK • Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that... Full story»
- 46 minutes ago
- A 'teachable moment' in economics classes
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- NEW YORK • Stocks are down, down, down. But student interest in economics appears to be trending... Full story»
- 50 minutes ago
Business News
Ski areas face uncertain winter
Comments | RecommendKILLINGTON, Vt. • Forget the Rockies. With the economy in a tailspin, eastern skiers may be staying closer to home this winter.Destination resorts out West are reporting slower-than-normal reservations, while New England ski areas say their business...
GM, Chrysler urged to make cuts to stay alive
Comments | RecommendDETROIT • When Chrysler was near death and awaiting a government bailout in 1979, then-CEO Lee Iacocca ordered drastic spending cuts and required all checks of more than $1,000 to be approved by a senior vice president....
Prices at the pump have been halved since July
Comments | RecommendCOLUMBUS, Ohio • Oil prices on Thursday hit levels not seen in more than three years, and retail gasoline prices are now below $2 across nearly half of the country, on dour economic reports suggesting a painful economic pullback....
Business briefs
Comments | RecommendLOCALQuantum cuts 30 jobs at Springs siteQuantum Corp. said Thursday it laid off 30 of the 400 employees and contractors Wednesday at its Colorado Springs plant as part of a companywide move to reduce "overall operating expenses in response to the global...
Demand for emergency lending is still elevated
Comments | RecommendWASHINGTON • Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program during the past week, although demand for the loans was still elevated....
Ritter urges unemployed to use workforce centers
Comments | RecommendThe headlines on the economy seem to grow more grim by the day, but job hunters on the prowl for "Keep Colorado Working Day" on Thursday at the Pikes Peak Workforce Center tried to keep a positive attitude....
Some stores get a jump on Black Friday
Comments | RecommendNEW YORK • After pushing steep discounts throughout November that are usually reserved for the day after Thanksgiving, retailers from Kohl's to Toys "R" Us are offering even bigger cuts and promotions for Black Friday in a frantic bid to pull in...
Filing for unemployment benefits not difficult
Comments | RecommendNEW YORK • The numbers are alarming - Citigroup alone plans to lay off 53,000 people.With the seemingly endless stream of news about job cuts in recent weeks, you may be wondering about your own job security. How would you get by if you were suddenly...
Sales tax revenue plummets in October
Comments | RecommendColorado Springs sales tax collections fell in October by the biggest percentage in nearly seven years as the global credit crisis shattered consumer confidence, triggering steep declines in purchases of big-ticket items such as cars, homes and furniture....
Dow Jones industrial average falls below 8,000
Comments | RecommendNEW YORK - Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three automakers amid a slumping economy disheartened investors....
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