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Foreclosure sale postponed again for Ritz-Carlton condos, athletic club

February 12, 2010

The foreclosure sale of the Denver Ritz-Carlton hotel’s unsold condos and Forza athletic club space has been postponed again, according to City and County of Denver foreclosure records.
The sale has previously been scheduled for Oct. 1 and Nov. 12 of last year and, most recently, for Feb. 11, foreclosure records said. It’s now slated for […]

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Yamaguchi Says BOJ Banknote Rule Stabilizes Market

February 7, 2010

Bank of Japan Deputy Governor Hirohide Yamaguchi defended the central bank’s self-imposed limit on bond purchases after a lawmaker suggested it could buy more debt to fight deflation.
“This isn’t just something we uphold to keep our backyard tidy,” Yamaguchi told parliament in Tokyo today. “Should people mistakenly start to think we are financing […]

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Bowlen, Isenberg, Fentress to be honored as Denver tourism leaders

January 6, 2010

Denver Broncos principal owner Pat Bowlen, hotel-industry leader Walter Isenberg and architect Curtis Fentress will be inducted into Denver's Tourism Industry Hall of Fame, the Visit Denver convention and visitors bureau announced Tuesday.
The hall of fame is considered the highest award for Denver’s travel industry. The trio to be inducted at a March 4 ceremony […]

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Malaysian Economic Contraction Narrows, Boosting Asian Recovery

November 22, 2009

Malaysia’s economy shrank the least in three quarters as government stimulus boosted consumption and the global recession eased, strengthening an Asian recovery.
Gross domestic product contracted 1.2 percent in the third quarter from a year earlier, after declining 3.9 percent in the previous three months, the central bank said in Kuala Lumpur yesterday. That […]

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Galleon scandal’s executive conundrum

October 28, 2009

When last week the federal government arrested Raj Rajaratnam of the Galleon Group for masterminding a $25 million insider-trading ring, the biggest head-scratcher was the inclusion of Anil Kumar in the government’s complaint.
Kumar is a director of consulting powerhouse McKinsey & Co., owner of one of the world’s most respected brands, and he is […]

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Overdraft fees: Senate gets tough

October 22, 2009

Senate leaders on Monday unveiled their proposal to tackle overdraft fees, the penalties banks charge customers who spend more than they have in their accounts.
Echoing legislation offered in the House by Rep. Carolyn Maloney, D-N.Y., the Senate bill would require banks to ask customers before enrolling them in overdraft programs. In addition, like the […]

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Stocks spike to new ‘09 highs

October 14, 2009

Stocks rallied Friday at the end of a strong week, with the Dow and S&P 500 hitting their highest levels in over a year as investors extended a seven-month rally.
The Dow Jones industrial average (INDU) rose 78 points, or 0.8%. The S&P 500 (SPX) index gained 6 points, or 0.6% and the Nasdaq composite […]

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Fewer metro areas suffer 10% unemployment

October 2, 2009

The number of U.S. metropolitan areas with jobless rates above 10% decreased in August, according to government figures released Wednesday.
The Labor Department said 129 of 372 metropolitan areas surveyed suffered unemployment rates of at least 10% last month. That was down from 139 metro areas in July.
The number of urban centers with unemployment […]

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Eli Lilly to cut 5,500 jobs

September 16, 2009

Eli Lilly and Co. will cut 5,500 jobs as part of a restructuring plan to save $1 billion, the drugmaker said Monday.
The job cuts will be complete by 2011, according to a press release. Eli Lilly (LLY, Fortune 500), based in Indianapolis, currently employs 40,500 people.
At 10:45 a.m. ET on Monday, Lilly was up […]

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Pennsylvania budget impasse takes toll on residents

August 26, 2009

In Pennsylvania, day care centers are closing. Food banks and libraries are cutting back. A school district is taking out a multi-million dollar loan.
Local governments and social service agencies are struggling to maintain services as lawmakers and the governor battle over how to close Pennsylvania’s $1 billion budget gap. Democrats don’t want to cut […]

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