business and finance

Durango’s outdoorsies help Mercury thrive

It all started with an idea and a handful of employees in 2002. Now, Mercury Payment Systems employs more than 400 people and will process $18 billion in credit-card transactions for retailers and...

DATE: Nov. 16, 2010 | CATEGORY: Business

Worker benefit thefts increase

The Department of Labor says the recession is financially stressing business owners, and in a few cases they’re pilfering employee contributions to 401(k) and health-benefits accounts. The...

DATE: Nov. 16, 2010 | CATEGORY: Business

Dollar gains strength, not stocks

NEW YORK – Stocks slumped to a mixed finish Monday as the dollar posted its second day of gains over concerns that Europe is on the edge of another bailout.Investors believe that Ireland may seek...

DATE: Nov. 15, 2010 | CATEGORY: Business

Fed bond-buying plan raises trade tensions

WASHINGTON – The Federal Reserve’s plan to buy more Treasury bonds has incited critics at home to complain about inevitable high inflation and financial turmoil.It turns out many foreigners are...

DATE: Nov. 13, 2010 | CATEGORY: Business

Holiday shopping battle starts to get pitched

NEW YORK – From free shipping from Walmart to Sears stores open on Thanksgiving for the first time, the battle for holiday shoppers’ dollars has begun in earnest.The early competition to break...

DATE: Nov. 13, 2010 | CATEGORY: Business

Business Briefs

Foundation names new board member New board member Michael Whiting of Pagosa Springs has joined the Community Foundation Serving Southwest Colorado Board of Directors.The foundation allows people...

DATE: Nov. 13, 2010 | CATEGORY: Business

New Business Brief

New store opens on 10th Street Tracy Campbell, formerly of Urban Homestead, announces the opening of her new store Nectar.Nectar will offer exclusive lines of intimate apparel, lounge and...

DATE: Nov. 13, 2010 | CATEGORY: Business

Resort for the dogs

The Durango Pet Resort, the name of Durango’s newest pet kennel being built east of the city, may seem a bit extravagant in today’s tough economic times. A resort for pets seems a hard sell at a...

DATE: Nov. 13, 2010 | CATEGORY: Business

Taxed to death

With the Bush-era tax breaks set to expire in January, aging farmers and ranchers are one demographic group that could feel the effects of increased taxes more acutely than most.Local ranchers...

DATE: Nov. 9, 2010 | CATEGORY: Business

Macy’s CEO goes local, selling regional flavor

NEW YORK – Across the country, Macy’s is ringing in this Christmas with local flavor, from Elvis ornaments in Tennessee to Texas-themed martini glasses.These 2,200 themed ornaments and other decor...

DATE: Nov. 9, 2010 | CATEGORY: Business

Stocks and bonds down, but commodities soar

NEW YORK – Stocks and government bonds fell Tuesday as commodities rallied to two-year highs.Silver, soybeans and copper jumped to levels last seen in October 2008 as investors moved money into...

DATE: Nov. 9, 2010 | CATEGORY: Business

EU: Ireland can beat debt crisis

DUBLIN – A top European Union official told Ireland it shouldn’t require a bailout if it makes smart plans for financial survival – even as investors kept dumping Irish bonds in expectation that an...

DATE: Nov. 9, 2010 | CATEGORY: Business

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