Business Briefs

Purple Haze announces new chef Purple Haze, 117 W. College Drive across from McDonald’s, announces that Don Carlson, formerly of Farquahrts, is its new chef.Carlson left Durango briefly to run a...

DATE: Aug. 28, 2010 | CATEGORY: Business

Credit card debt falls

NEW YORK – The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in the...

DATE: Aug. 28, 2010 | CATEGORY: Business

Toyota recalls 1.1M cars

NEW YORK – Toyota recalled 1.13 million Corolla sedans and Matrix hatchbacks Thursday because their engines may stall, the latest in a string of quality problems at the Japanese automaker.The...

DATE: Aug. 28, 2010 | CATEGORY: Business

Mortgage rates hit low of 4.36%

NEW YORK – Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening.Mortgage buyer Freddie Mac said Thursday that the...

DATE: Aug. 28, 2010 | CATEGORY: Business

U.S. looks at Jeep gas tanks

WASHINGTON – U.S. safety officials are investigating whether gas tanks on Jeep Grand Cherokees can cause fires in rear end crashes or rollovers.The preliminary investigation, begun last week by the...

DATE: Aug. 28, 2010 | CATEGORY: Business

Good news pushes stocks up

NEW YORK – Stocks posted big gains after Federal Reserve Chairman Ben Bernanke said the central bank was ready to step in if the U.S. economy showed further signs of weakening.Traders were also...

DATE: Aug. 27, 2010 | CATEGORY: Business

Stocks head higher after four bad days

NEW YORK – It was shaping up to be another crummy day on the stock market Wednesday until investors decided to start looking for beaten-down shares after four consecutive days of declines.The Dow...

DATE: Aug. 25, 2010 | CATEGORY: Business

Photo sales provoke lawsuit

SAN JOSE, Calif. – A group representing Ansel Adams sued a Fresno man Monday for selling prints and posters under the name of the famed nature photographer, the latest salvo in a dispute about...

DATE: Aug. 24, 2010 | CATEGORY: Business

Legal chapter closes for Minn. victims

MINNEAPOLIS – A $52 million legal settlement will help Minneapolis bridge collapse victims cover lost wages and pay medical bills. It won’t do anything for the missed weddings, altered college...

DATE: Aug. 24, 2010 | CATEGORY: Business

Home sales lowest in 15 years

WASHINGTON – Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.July’s sales fell...

DATE: Aug. 24, 2010 | CATEGORY: Business

Stocks drop after home sales fall

NEW YORK – Stocks fell for a fourth day after another disappointing report on housing deepened worries that the economic recovery could be fading. Bond yields fell as investors sought out more...

DATE: Aug. 24, 2010 | CATEGORY: Business

Prius gets sound option to protect pedestrians

TOKYO – Toyota’s Prius hybrid is becoming a little less quiet with a new electronic humming device that is the automaker’s answer to complaints that pedestrians can’t hear the top-selling car...

DATE: Aug. 24, 2010 | CATEGORY: Business

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