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

Libraries see surge of job-seekers

Since the recession began, one unlikely sector has played an increasing role in workforce development: libraries.Across the state, people are walking past the aisles of books straight to library...

DATE: Sept. 27, 2011 | CATEGORY: Business

Collectible toys, games top wish list

NEW YORK – Most children love to collect things, and this year toy makers are banking on it.Taking a cue from last year’s toy hits, many of this year’s holiday offerings are toy sets or figures...

DATE: Sept. 27, 2011 | CATEGORY: Business

Stocks rise for third day amid European optimism

NEW YORK – Stocks rose broadly Tuesday on hopes that Europe was moving closer to resolving its debt crisis. The Dow Jones industrial average closed up 146 points as industrial and materials...

DATE: Sept. 27, 2011 | CATEGORY: Business

Business Briefs

Maria’s Bookshop sells electronic books Maria’s Bookshop announces that it is selling electronic books through its website, www.mariasbookshop.com.Thousands of eBooks are available for immediate...

DATE: Sept. 27, 2011 | CATEGORY: Business

In U.S., two housing markets and two directions

In America, it’s starting to feel as if there are two housing markets. One for the rich and one for everyone else.Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven...

DATE: Sept. 24, 2011 | CATEGORY: Business

An Arizona family’s adventures in ‘localism’

SCOTTSDALE, Ariz. – The first real snag came around Day 120. For four consecutive months, the Levitch family had stuck to their 365-day pledge to “go local” – forgoing Starbucks venti iced teas for...

DATE: Sept. 24, 2011 | CATEGORY: Business

New Business Brief

Insurance broker opens new business Douglas Carmichael announces the opening of his business Core Financial Success/Bella Homes Representatives.Carmichael is an insurance broker and was approached...

DATE: Sept. 24, 2011 | CATEGORY: Business

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