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U.S. Home Construction Sinks To New Record Low

Posted: 11/19/2008 - 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.

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Bad Economy Snuffing Out Businesses

Updated: 11/17/2008 - 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.

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Target 3Q Profit Falls 24 Percent

Posted: 11/17/2008 - 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.

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AAA: Average Price Of Gas In Colorado Is $2.029

Posted: 11/17/2008 - 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.

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Lawmakers Question Need For State Stimulus Package

Posted: 11/13/2008 - 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.

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Trane To Cut 270 Pueblo Jobs

Trane

Posted: 11/13/2008 - 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.

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Banks Promise They Won't Use Bailout Money for pay

Posted: 11/13/2008 - 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.

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Wal-Mart's 3Q Profit Rises 10 Percent

Posted: 11/13/2008 - 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.

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September Trade Deficit Falls To $56.5 Billion

Posted: 11/13/2008 - 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.

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Jobless Claims Jump To 7-Year High

Updated: 11/13/2008 - 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.

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Stocks Plunge For Third Straight Session

Posted: 11/12/2008 - 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.

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Yum Brands Says It's Cutting Several Hundred Jobs

Posted: 11/12/2008 - 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.

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Back From Iraq And Suddenly Out On The Streets

Updated: 11/12/2008 - 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.

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More Federal Aid For AIG

Posted: 11/10/2008 - More losses, but another helping hand from Washington Monday for ailing insurance giant American International Group.

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Jobless Rate Bolts To 14-Year High Of 6.5 Percent

Posted: 11/07/2008 - The government says the nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as employers slashed 240,000 jobs. It was stark proof the economy is almost certainly in a recession.

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Administration Speeding Up On Economic Problems

Posted: 11/06/2008 - As the number of days left in the White House dwindle, the Bush administration seems to be picking up the pace when it comes to getting the $700 billion financial rescue program up and running.

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