Author: Wayne Heilman Special to the Gazette
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Deposits in Colorado Springs area financial institutions up by most in 3 years
Deposits in Colorado Springs area financial institutions at mid-year grew at the fastest rate in three years and slightly ahead of the national average, according to reports from federal regulators. Area deposit growth this year was the highest since surging to a 14-year high in 2012. Banks and credit unions operating in the area reported…
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UCHealth continues to invest in Memorial Hospital system, eyes more changes
University of Colorado Health has spent more than $90 million on equipment, technology upgrades, renovations and expansions since leasing Memorial Hospital three years ago, and the spending continues with planning for an expansion of the hospital system’s north campus in Briargate, the system’s CEO said in a wide-ranging interview with The Gazette. George Hayes, Memorial’s…
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Thousands expected to attend Colorado Springs RV show
About 6,000 people are expected to attend the Great American RV Show, which features more than 100 vehicles from nine dealers and from 10 a.m. to 6 p.m. through Saturday Thursday through Saturday at the Norris Penrose Event Center, 1045 Gold Camp Road. The show is an expansion of the Colorado RV Adventure Travel show…
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Spectranetics unit loses patent infringement suit against former CEO
A Spectranetics Corp. subsidiary has lost a patent infringement suit against its former CEO and three companies that are developing a balloon catheter, the Colorado Springs-based medical laser manufacturer announced Wednesday. AngioScore Inc. sued Eitan Konstantino, its former co-founder, CEO and board member, and three companies he founded in 2012. In its suit, AngioScore said…
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Analyst ‘troubled’ by fall in Colorado Springs unemployment rate
The Colorado Springs area unemployment rate fell in August to a nearly 8-year low of 4.7 percent, but almost entirely because the labor force continues to shrink, according to a report from the U.S. Bureau of Labor Statistics. Nearly 5,000 people have left the area job market since March, putting the local labor force at…
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T-Mobile hiring more workers for its Colorado Springs call center
T-Mobile USA Inc. said Tuesday it plans to hire up to 45 technical care specialists at its Briargate-area call center by mid-December to handle the wireless carrier’s rapid growth. The company has scheduled a hiring event from 10 a.m. to 3 p.m. Wednesday at the center, 556 Chapel Hills Drive on Colorado Springs’ north side,…
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Speaker: Employers need to model same work ethic they expect from employees
The nation’s employers too often aren’t demonstrating the work ethic that they want to see from their employees, the CEO of a Denver-based work ethic consulting firm told about 300 business and community leaders Friday. While employers believe work ethic is the most important quality in employees they hire, most applicants believe it is one…
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Rival bid withdrawn for Springs-based chip manufacturer Atmel Corp.
Amid reports that Cypress Semiconductor Corp. was planning a rival bid for Atmel Corp., the company said Monday said it had “withdrawn its interest” in acquiring Atmel after making an offer to Atmel’s board of directors. The Cypress statement said the company “regularly evaluates acquisition opportunities to complement its existing business,” but didn’t indicate when…
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Moody’s maintains bond rating for Colorado Springs Airport
Moody’s Investor Service maintained its Baa1 rating on bonds for the Colorado Springs Airport, the New York-based bond rating company announced Friday. Moody’s said the rating has a stable outlook that balances the airport’s “weak competitive position with leakage to nearby Denver International Airport” that has led to declining passenger traffic against “management’s demonstrated ability…
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Buyer: Atmel plant in Colorado Springs not targeted for closure
Atmel’s 1,000-employee semiconductor manufacturing plant in Colorado Springs is safe, for now. Dialog Semiconductor, which agreed Sept. 20 to acquire San Jose, Calif.-based Atmel for $4.6 billion, wants to cut annual operating costs of the combined company $150 million by the end of 2017, but closing the Colorado Springs plant is not anticipated to be…