World economic outlook is bleak

WASHINGTON – Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the...

DATE: Oct. 4, 2011 | CATEGORY: Business

Taking the bore out of snowboards

SILVERTON – Not counting the skis that lean against walls and hang across windows, the decorations are few at ScottyBob Carlson’s workshop. Located in an old powerhouse east of town, exposed brick...

DATE: Oct. 4, 2011 | CATEGORY: Business

Late surge erases earlier losses on Wall Street

NEW YORK – A late afternoon surge capped another wild day Tuesday on Wall Street and prevented the S&P 500 stock index from entering a bear market. Stocks jumped on reports that European officials...

DATE: Oct. 4, 2011 | CATEGORY: Business

American Airlines stock plunges to eight-year low

NEW YORK – American Airlines’ stock plunged to an eight-year low on fears of a weaker economy – which hurt other airline shares – and speculation that the carrier would seek bankruptcy protection.A...

DATE: Oct. 4, 2011 | CATEGORY: Business

business briefs

Durango Rock Lounge hires Steve Ilg The Durango Rock Lounge, 1111 Camino del Rio, Suite 105, announces the addition of coach Steve Ilg.Ilg will teach a yoga class from noon to 1 p.m. Tuesdays...

DATE: Oct. 4, 2011 | CATEGORY: Business

New Business Brief

Cuckoo’s announces location at Tamarron Cuckoo’s On The Cliff at Tamarron Lodge announces its opening at 40292 U.S. Highway 550.The owners are Chris and Michele Redding, who opened Cuckoo’s Chicken...

DATE: Oct. 1, 2011 | CATEGORY: Business

Business Briefs

Gervais & Associates announces new hire Gervais & Associates, P.C., CPAs announces Brian Aultman has joined the firm.Aultman joins the firm with 10 years of public accounting tax experience,...

DATE: Oct. 1, 2011 | CATEGORY: Business

Rate on 30-year mortgage falls to record 4.01%

WASHINGTON – Fixed mortgage rates have fallen to historic new lows for a fourth consecutive week and are likely to fall further.The average on a 30-year fixed mortgage fell to 4.01 percent from...

DATE: Oct. 1, 2011 | CATEGORY: Business

Businesses relocate as costs drop

The economic boom and bust brought with it a proverbial reshuffling of the deck when it comes to commercial spaces in Durango.It seems businesses all over town are relocating these days.Among the...

DATE: Oct. 1, 2011 | CATEGORY: Business

Health-insurance costs climb 9 percent in 2011

INDIANAPOLIS – The cost of employer-sponsored health insurance surged this year, snapping a trend toward moderate growth, but experts say these increases may slow again in 2012.Annual premiums for...

DATE: Sept. 27, 2011 | CATEGORY: Business

Loan defaults dip for Region 9

Fewer businesses are defaulting on their loans, and they’re also borrowing less from Southwest Colorado’s economic-development district.Loan defaults have fallen to a little more than half of what...

DATE: Sept. 27, 2011 | CATEGORY: Business

Coal mining declines

GARRETT, Ky. – When business screeched to a halt at Jerry Howard’s eastern Kentucky mine-engineering company two years ago, he decided to call it quits after four decades in the coal industry.“We...

DATE: Sept. 27, 2011 | CATEGORY: Business

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