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Americans shop for bargains
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NEW YORK - Caught in the maelstrom of higher gas and food prices, Americans - even more affluent ones - are seeking shelter in wholesale clubs and discount apparel chains. Low-price operators Costco Wholesale...
1 hour 48 minutes ago

Latest Business

Collections for sales tax dropped a third-straight month in April
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City officials may have to make midyear budget cuts for a second consecutive year after sales tax collections...
Diversified sticks to U.S. production
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Diversified Machine Systems Inc. has defied the trend of manufacturers outsourcing production to Asia...
If we paid moms, they’d be worth $117K
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BOSTON - If a stay-at-home mom could be compensated in dollars rather than personal satisfaction and...

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Business News

Max Scott sliced star-shaped floating logos, or Flogos, at SnowMaster Inc.’s headquarters in Lexington, Ala., in April. Scott is using a prototype machine. The finished machine will automatically slice the Flogos.

Inventor floats wild idea

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LEXINGTON, Ala. - Picture the Manhattan skyline filled with Nike swooshes. Or the golden arches of McDonald's gently drifting over Los Angeles. A special effects entrepreneur from Alabama has come up with a way to fill the sky with foamy clouds as big...

‘Have we seen the bottom yet?’

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Home prices and sales fell again last month in the Pikes Peak region, as economists try to determine if the local market has reached bottom....

The worst may be over, treasury secretary says

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WASHINGTON - The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks. In an interview with The Associated...

Glenn Marino Gomez, a butcher and broiler at Ben Benson’s Steakhouse in New York, grilled buffalo rib steak Tuesday. Wholesale costs of prime beef have shot up 50 percent forcing the restaurant to raise the price of its 18-ounce sirloin.

Menu makeover at restaurants

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NEW YORK - Struggling with soaring food costs and cash-strapped customers, restaurants across the country are swapping expensive ingredients for cheaper fare and adding new dishes that won't break their bottom line. Call it a menu makeover: Steakhouses...

Fannie Mae gives dismal price outlook

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WASHINGTON - The outlook for the housing market darkened further Tuesday as the nation's largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices this year. If Fannie Mae's prediction...

Shareholders could mutiny

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SAN FRANCISCO - After fending off months of threats by Microsoft Corp., Yahoo Inc.'s directors still will have to fight for their jobs as the company's irate shareholders plot a mutiny. Spurred by criticism about how Yahoo's board responded to Microsoft's...

Low prices are one of the draws at the Rancho Liborio market on South Circle Drive, shoppers say.

Springs gets its biggest Hispanic grocery store

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Rancho Liborio, the biggest Hispanic grocery store to arrive in Colorado Springs, opened quietly at 1660 S. Circle Drive in March. Low prices were the main attraction for Francisca Becerra, who dropped by the store during a recent afternoon and picked...

Kevin Essary installed wiring during the 2006 construction of Progressive Corp.’s data center in northern Colorado Springs.

Springs named No. 11 among best places to build data centers

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Colorado Springs ranks among the 14 best places in the nation to build a data center, according to a new study by a New Jersey corporate site selection firm. Low power costs, an abundant supply of highly educated workers, the availability of governmentapproved...

Bull pen building a big hit with firm

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A small manufacturing firm took advantage of a slumping real estate market to buy a building that allowed the company to return to Colorado Springs after a four-year absence. Diversified Machine Systems Inc. returned to the Springs this year from Lindsay,...

HELP WANTED!  1. Engineer: This tops the list of “Hardest Jobs to Fill,” according to a 2008 survey of U.S. employers.

Can you fill these shoes?

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   MILWAUKEE - Hampshire Co., a developer of touch-screen technology, has been puzzling since November over how to fill a couple of engineer openings. Besides more traditional avenues - career fairs, staffing companies, college recruiting...

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