Posted: 9:23 AM Wall Street is shrugging off a larger-than-expected drop in sales of existing homes last month as investors instead focus on the government's plan to bail out Citigroup Inc.

Posted: 9:17 AM The head of an auto parts company says there is talk about forming a car caravan to take the CEOs of Detroit's three automakers on their return trip to Washington to seek federal loans.

Posted: 7:51 PM A national survey shows gas prices across the nation dropped to less than $2 a gallon for the first time since March 2005.

Updated: 6:59 AM The government is weighing a plan to rescue Citigroup Inc.

Posted: 10:20 AM More than 6,000 people will not have a Thanksgiving dinner if not for the giving nature of the Colorado Springs area.

Updated: 12:38 PM The European Union's foreign policy chief says he expects U.S. President-elect Barack Obama to move quickly to address top trans-Atlantic goals, including Middle East peace, negotiations with Iran and slowing global warming.

Posted: 8:58 AM General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions.

Posted: 8:47 AM Food banks and charities are confident that donations will stay up despite the gloomy economy.

Posted: 8:05 AM Wall Street is experiencing some relief, with stocks opening sharply higher, following a report that a pounded-down Citigroup Inc. might put itself up for sale.

Posted: 8:50 AM International stock markets are headed back up today after recent sharp declines.

Posted: 6:47 AM The White House says President Bush signed into law a bill that Congress approved to keep unemployment checks flowing to jobless Americans through the holiday season.

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.