Bed Bath & Beyond rally loses steam

Bed Bath & Beyond shocked investors with a rosy forecast for fiscal 2020, but analysts remain skeptical about the company’s ability to hit its targets. Some doubt the company’s strategy of...

DATE: Jan. 11, 2019 | CATEGORY: Business

VCs plowed a record $9.3 billion into AI startups last year

NEW YORK – Artificial intelligence was a no-brainer bet for humans in 2018. Venture capital funding of AI companies soared 72 percent last year, hitting a record $9.3 billion, according to a new...

DATE: Jan. 11, 2019 | CATEGORY: Business

New efficiency strategy helps Union Pacific soar

NEW YORK – Union Pacific Corp. surged the most since 2009 after hiring a protegé of railroading legend Hunter Harrison to guide the company’s shift to a new efficiency strategy. Jim Vena, 60, will...

DATE: Jan. 11, 2019 | CATEGORY: Business

IRS will pay tax refunds during government shutdown, official says

The Internal Revenue Service will issue refunds to taxpayers even if the U.S. government shutdown extends into the filing season, a decision that may reduce political pressure on Congress and...

DATE: Jan. 11, 2019 | CATEGORY: Business

Mortgage rates continue to decline

WASHINGTON – U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months. The decline in home-borrowing rates in recent weeks has been a spur to...

DATE: Jan. 11, 2019 | CATEGORY: Business

Workshop examines mental health at work

A three-part workshop, Mental Wealth in the Workplace, will be presented by the Southwest Colorado Small Business Development Center in January at the Durango Public Library. The workshop will...

DATE: Jan. 11, 2019 | CATEGORY: Business

Small businesses in limbo amid shutdown

NEW YORK – Brooks Troxler is a small-business owner in North Carolina who’s known as “Trox the tech” for his ability to fix any computer problem. Business is growing and he had big plans to start...

DATE: Jan. 10, 2019 | CATEGORY: Business

You won’t believe where Ska Brewing’s second biggest market is

It took the right timing, the right beer and a little bit of luck for Ska Brewing Co. to find its second biggest market. It seems odd that of all places in the world, Sweden would be such a huge...

DATE: Jan. 10, 2019 | CATEGORY: Business

Experts say economic expansion should run through 2019

A clock is ticking on the current U.S. economic expansion, the second longest on record, but three economists who delivered their economic forecasts for 2019 expect the good times will continue...

DATE: Jan. 8, 2019 | CATEGORY: Business

State propane shortage not hitting Cortez, supplier says

A propane shortage in Colorado is not impacting a main supplier in Cortez. Fraley Co. has a full supply and is meeting customer demands, said General Manager Kelly Gagneaux. He said Fraley’s main...

DATE: Jan. 7, 2019 | CATEGORY: Business

College buddies open ski bar south of Purgatory Resort

North Animas Valley residents have a new night spot a half mile from the entrance of Purgatory Resort after college buddies Kevin Wright and Joe Valerio spent two months gutting an old vacation...

DATE: Jan. 6, 2019 | CATEGORY: Business

While federal workers go without pay, senior Trump officials get big raises

WASHINGTON – While many federal workers go without pay and the government is partially shut down, hundreds of senior Trump political appointees are poised to receive annual raises of about $10,000...

DATE: Jan. 4, 2019 | CATEGORY: Business

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