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Cigna To Cut About 1,100 jobs

Updated: 01/05/2009 - Managed care provider Cigna says it will cut about 4 percent of its work force, or roughly 1,100 jobs, because of the slumping economy.

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CSU Interim President Braces For Budget Cuts

Posted: 01/04/2009 - Interim Colorado State University President Tony Frank is preparing his staff for cuts, including layoffs, as the state faces a budget shortfall of roughly $600 million or higher.

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Madoff Victims Selling Memorabilia On eBay

Posted: 01/04/2009 - Former employees and clients of disgraced financier Bernard Madoff are hoping to recoup some of their losses by selling Madoff memorabilia on eBay.

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Panel Wants Fuel Taxes Hiked To Fund Highways

Posted: 01/01/2009 - A federal commission created by Congress is recommending a 50-percent increase in gasoline and diesel fuel taxes as a way to finance highway construction and repair.

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Treasury Lays Out Details For Auto Aid

Posted: 12/31/2008 - The Treasury Department says it will decide on a case-by-case basis whether other companies connected to the struggling automotive industry should be provided emergency aid from the government's $700 billion bailout pot.

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Stocks Edge Higher After Drop In Jobless Claims

Posted: 12/31/2008 - The Labor Department says initial applications for unemployment benefits fell by 94,000 to 492,000 for the week ending Dec. 27. The drop, which partly reflects seasonal adjustment difficulties tied to the Christmas holiday, is a greater drop than analysts had been expecting.

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Fed To Start Buying Mortgage-Backed Securities

Posted: 12/30/2008 - The Federal Reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the housing market.

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Stocks Pull Back Amid Middle East Tensions

Posted: 12/29/2008 - Wall Street has ended an erratic session with a moderate loss as continuing violence in the Middle East reminded investors that the market could face problems beyond the recession.

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Stocks Under Pressure

Posted: 12/29/2008 - Stock prices are down in light trading at midday on Wall Street.

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Southern Colorado Store Hours

Updated: 12/24/2008 - Although many southern Colorado shopping centers and stores will shut their doors during the Christmas holiday, most are staying open for at least part of Christmas Eve.

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V-P-Elect Discusses Stimulus Plan

Posted: 12/23/2008 - Vice President-elect Joe Biden says a new economic stimulus package will not be "politics as usual."

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Treasury Provides Support For Another 92 Banks

Posted: 12/23/2008 - The Treasury Department says it has provided an additional $4.7 billion to 92 banks as part of the government's $700 billion rescue of the financial system.

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