Posted: 3:16 PM Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit's Big Three automakers and the economy disheartened investors.

Posted: 9:22 AM Stocks are moderately lower in early trading as investors, nervous about the fate of the nation's top automakers, scour more economic data.

Updated: 9:05 AM The Imperial Casino Hotel in Cripple Creek has filed for Chapter 11 bankruptcy protection.

Posted: 7:11 AM A government report says construction of new homes plunged 4.5 percent last month to the lowest level on government records, as U.S. builders slashed production while Wall Street nosedived.

Updated: 11:08 PM A long time car dealer here in Colorado Springs thinks the real answer to the American auto industry’s woes is at the local car dealership.

Updated: 11:04 PM Businesses small and big right here in Colorado Springs are feeling the rippling affects of a souring economy. The Mission Inn Restaurant which was open for more than three decades has even closed.

Posted: 9:41 AM The discount retailer says profit for the three months ended Nov. 1 fell to $369 million, or 49 cents per share, from $483 million, or 56 cents per share, last year.

Posted: 9:30 AM The latest survey released Monday shows an average price of $2.029 for a gallon of regular unleaded gasoline. That's down almost $1.02 in the past month, and down more than $2.06 since the record average high of $4.093 on July 17.

Posted: 7:24 AM Gov. Bill Ritter has opened an economic development mission to Asia by pushing for a flight from Denver to Tokyo.

Posted: 11:32 AM Ritter told the Legislature's Joint Budget Committee he wants to set aside $2.5 million to help small businesses get credit and another $2.5 million to set up job training at community colleges.

Posted: 10:16 AM The manufacturer of commercial air conditioning systems says it will cut 270 jobs in the next three years and transfer the workload to its plant in Monterrey, Mexico.

Posted: 9:41 AM Executives from four financial institutions that have received a total of $75 billion in federal bailout funds are promising they won't use the money to pay their executives and employees.

Posted: 8:33 AM Wal-Mart is reporting a 10 percent increase in third-quarter profit as the world's largest retailer's renewed focus on low prices attracts financially squeezed shoppers around the world.

Posted: 7:52 AM More homeowners are being caught in the foreclosure net.

Posted: 7:32 AM A record decline in the price of crude oil helped to push the U.S. trade deficit down to the lowest level in nearly a year even though the deficit with China shot up to an all-time high.

Updated: 7:02 AM The government says that the number of newly laid-off individuals seeking unemployment benefits jumped more than expected last week to a seven-year high.

Posted: 2:28 PM A disheartened Wall Street has suffered its third straight loss, as investors absorbed more dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all.

Posted: 2:18 PM Yum spokesman Jonathan Blum said today that several hundred jobs will be eliminated in Louisville, Ky., as well as at Taco Bell's headquarters in Irvine, Calif., and at Pizza Hut's headquarters in Dallas.

Updated: 1:37 PM Something we can all think about the next time we see a homeless person on the streets, one in every four homeless people in El Paso County once served our county in uniform. Now there are an increasing number of veterans from the on-going wars in Iraq and Afghanistan who come home, leave the military, and wind up with nothing.

Updated: 6:55 PM With tough economic times, retailers are launching sales early before Black Friday to entice shoppers into the stores. Kmart shoppers are opting for the layaway plan.

Posted: 3:44 PM A California 7-Eleven store received more than 100 applications in a week and a half, for jobs that pay $8.50 an hour.

Updated: 12:39 PM American International Group is defending a sales meeting it held at a luxury resort in Arizona, saying it was a necessary training tool.

Posted: 2:14 PM Wall Street's short-lived enthusiasm over a $586 billion Chinese stimulus package has given way, once again, to anxiety about the U.S. economy.

Updated: 7:21 AM More losses, but another helping hand from Washington Monday for ailing insurance giant American International Group.

Posted: 7:16 AM President-elect Obama is getting down to the business of business Friday.