business and finance

The next killer app?

Chip Lile sat in the dark El Rancho Tavern as the glimmer of three TV screens flickered silently behind him. On the table were spread just a few of his testing devices: an iPhone, an Android...

DATE: Nov. 19, 2011 | CATEGORY: Business

Housing looking better, but it’s not the full story

We’ve recently had some OK local economic news. Real estate appears to be recovering. Builders are feeling confident enough to start spec homes for would-be buyers, and between September and...

DATE: Nov. 19, 2011 | COLUMN: Our Economy

Oil estimate in northern Colo. pumps up jobs

A dramatic increase in estimated oil in Colorado’s northern Front Range is likely to produce at least $50 million a year in new severance taxes for budget-strapped state and local governments.While...

DATE: Nov. 19, 2011 | CATEGORY: Business

Stocks end little changed as Europe worries ease

Stocks finished about where they started Friday as investors balanced positive signs for the U.S. economy with a looming deadline for a deficit-cutting committee in Congress. Steep declines earlier...

DATE: Nov. 18, 2011 | CATEGORY: Business

Business Briefs

Airborne Media, E7 Systems create alliance Durango-based Airborne Media Group Inc. announces the formation of a strategic technical alliance with Durango-based E7 Systems to further its software,...

DATE: Nov. 15, 2011 | CATEGORY: Business

Italy’s poor and unemployed growing, invisible to tourists

ROME – They line up at soup kitchens by the thousands. Individual debt is rising, savings are eroding and many young people have simply given up, staying home without studying or even looking for a...

DATE: Nov. 15, 2011 | CATEGORY: Business

Holiday Inn is moving into town

Almost a year after a downtown Durango hotel dropped the Holiday Inn name and went independent, the company is building a new hotel in town.The four-story, 116-room Holiday Inn will be located on...

DATE: Nov. 15, 2011 | CATEGORY: Business

Congress to cut out $1M plus bonuses

WASHINGTON – Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac.The House Financial Services...

DATE: Nov. 15, 2011 | CATEGORY: Business

Oil rises, seniors leave

WILLISTON, N.D. After living all of her 82 years in the same community, Lois Sinness left her hometown this month, crying and towing a U-Haul packed with her every possession.She didn’t want to go,...

DATE: Nov. 15, 2011 | CATEGORY: Business

Stocks edge higher on retail gains

NEW YORK – A day of broad swings in the stock market ended with modest gains Tuesday, as investors balanced an increase in U.S. retail sales with Europe’s lingering debt crisis. The Dow Jones...

DATE: Nov. 15, 2011 | CATEGORY: Business

Eurozone sees a looming recession

LONDON – The economy of the 17-nation euro bloc avoided contracting in the third quarter, thanks mainly to Germany and France, but is widely expected to fall into recession imminently as a result...

DATE: Nov. 15, 2011 | CATEGORY: Business

Boomers’ anxiety about retirement grows

WASHINGTON – A majority of baby boomers say they have taken a financial hit in the last three years, and most now doubt that they will be financially secure after they retire, according to a new...

DATE: Nov. 12, 2011 | CATEGORY: Business

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