business and finance

Durango nonprofit offers loans to purchase manufactured homes

Prospective manufactured homebuyers can struggle to find a loan, but a Durango nonprofit is offering a new financing option. For the first time, HomesFund , a Durango-based nonprofit, is offering...

DATE: Sept. 30, 2018 | CATEGORY: Local News

Lodgers tax should be used to promote Durango

Tourism is an industry based upon travel and fun, and is an integral part of our economy, both here in Durango and La Plata County, as well as our state and nation. In 2017, the travel industry...

DATE: Sept. 29, 2018 | COLUMN: The Tourism Effect

Rest assured

TAMARAC, Fla. – Waterbeds still elicit a wink, wink, nudge, nudge whenever they come up in conversation – but two pioneers of the industry in the United States are hoping to generate a new wave of...

DATE: Sept. 28, 2018 | CATEGORY: Business

Today’s active-adult communities are stepping up their games

NEW YORK – Remember the scene in “It’s a Wonderful Life,” when the retractable floor over the gym swimming pool slides open during a dance? Residents at Trilogy at Tehaleh, an active-adult...

DATE: Sept. 28, 2018 | CATEGORY: Business

Starbucks planning ‘significant changes’

Starbucks is planning an organizational shake-up, including corporate layoffs that will start at top levels, as the coffee chain tries to reverse stagnant sales and rekindle investors’ interest....

DATE: Sept. 28, 2018 | CATEGORY: Business

Muscle cramps

DETROIT – Sales of new American muscle cars are falling, raising questions in Detroit and elsewhere about whether a nostalgic, high-horsepower cruising culture that dates to before the 1950s is in...

DATE: Sept. 28, 2018 | CATEGORY: Business

CEO’s plan to save Sears would hand his hedge fund $1 billion

Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert’s hedge fund. Lampert, Sears Holdings Corp.’s chief executive officer,...

DATE: Sept. 28, 2018 | CATEGORY: Business

Bed Bath & Beyond nosedives after cutting forecasts

NEW YORK – Bed Bath & Beyond’s stock plunged to its lowest price in 18 years after the home goods store chain posted weak results in the second quarter and cut its forecasts for the rest of the...

DATE: Sept. 28, 2018 | CATEGORY: Business

Arby’s parent to buy Sonic for $2.3 billion

The restaurant industry has to contend with a new giant. The parent of Arby’s, Inspire Brands Inc., announced on Tuesday that it had agreed to acquire Sonic Corp. in a deal valued at about $2.3...

DATE: Sept. 28, 2018 | CATEGORY: Business

Mortgage rates soar to 7-year highs

NEW YORK – Five consecutive weeks of increases pushed mortgage rates to their highest level since April 2011. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate...

DATE: Sept. 28, 2018 | CATEGORY: Business

Region 9 to receive USDA loan and grant funds

The Region 9 Economic Development District of SouthWest Colorado, Inc. has been approved for a Rural Microentrepreneur Assistance Program loan and grant through USDA Rural Development. This funding...

DATE: Sept. 28, 2018 | CATEGORY: Business

Maria’s Bookshop hires 2 booksellers

Maria’s Bookshop has hired two new employees. Nancy Krauss will be a new bookseller. Previously, she owned a pet-boarding business in Blowing Rock, North Carolina. She also worked in real estate...

DATE: Sept. 28, 2018 | CATEGORY: Business

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