business and finance

US mortgage rates fall to 12-month low; 30-year at 4.37 pct.

WASHINGTON – U.S. long-term mortgage rates fell this week to a 12-month low, an enticement for prospective homebuyers in the upcoming season. Mortgage buyer Freddie Mac says the average rate on the...

DATE: Feb. 14, 2019 | CATEGORY: Business

Banks want a hit of the marijuana business

The U.S. banking industry has a marijuana problem. Cannabis is legal in more than two dozen states in some form. But it is still illegal on a federal level, leaving most risk-averse banks too...

DATE: Feb. 14, 2019 | CATEGORY: Business

Greenspan warns of ‘extremely imbalanced’ path of US deficit

While American politicians on both sides of the aisle have been mostly silent as the U.S. deficit swells toward $1 trillion and beyond, former Federal Reserve Chairman Alan Greenspan says the lack...

DATE: Feb. 13, 2019 | CATEGORY: Business

BP gets lift from higher oil prices and increased production

LONDON – BP says fourth-quarter earnings jumped 65 percent as the London-based energy company benefited from higher oil prices and increased production. The company said Tuesday that underlying...

DATE: Feb. 9, 2019 | CATEGORY: Business

Peak PT moves, adds staff

Peak Physical Therapy opened its new location at the Durango Sports Club at 1600 Florida Road on Feb. 1. Clinic hours will be from 8 a.m. to 6 p.m. Monday through Friday. Peak will operate the new...

DATE: Feb. 9, 2019 | CATEGORY: Business

Positive change is on the horizon

Please join Visit Durango in welcoming tourism industry executive Barbara Bowman as interim executive director. Barb brings a wealth of industry expertise to Durango from 27 years leading tourism...

DATE: Feb. 9, 2019 | COLUMN: The Tourism Effect

Dr. Hemingway moves office

Dr. Michelle Hemingway and Kim Byrd, a physician assistant, moved their medical offices and now will share offices with Dixie Thinnes of the Animas Laser Therapy and Colon Health Center at the...

DATE: Feb. 8, 2019 | CATEGORY: Business

‘Failing’ New York Times hits 13-year high as subscriptions soar

President Donald Trump has repeatedly described the New York Times as “failing,” but its latest results tell a different story. Online subscriptions accelerated for a fourth quarter, prompting New...

DATE: Feb. 8, 2019 | CATEGORY: Business

DAAR names Realtor of the Year

The Durango Area Association of Realtors has named Linda Buzzalini Realtor of the Year. Buzzalini has sold real estate full time in La Plata County for the past 17 years. She worked with The Wells...

DATE: Feb. 8, 2019 | CATEGORY: Business

Amazon reportedly eyes video game streaming service

NEW YORK – Amazon is planning to use its massive cloud computing service to jump into the streaming market for video game play, according to a new report from the Information. The service, which...

DATE: Feb. 8, 2019 | CATEGORY: Business

Homebuilders see a bright spot in the gloom

NEW YORK – Todd Wood sold his commercial-baking business for $120 million and weighed plans to get into real estate – then decided that most existing business models were the equivalent of...

DATE: Feb. 7, 2019 | CATEGORY: Business

Mortgage rates tumble to 10-month low

Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average...

DATE: Feb. 7, 2019 | CATEGORY: Business

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