Colorado Springs based Spectatronics cuts losses in 2011Spectatronics Corp, the Colorado Springs based medical laser manufacturer, cut losses in 2011 by nearly 90 percent, just short of its goal of getting back into the black for the first time in four years. The company informed investors that they expect to make a profit this year of 1.5 million to $3 million. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEEC Posted on February 21, 2012 10:25:18 by The Hughes Team
Posted in Economic News
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Unemployment applications drop to a four year lowThe number of individuals seeking unemployment benefits dropped to a four year low last week, an indicator that the job market is steadily improving. The Labor Department reported that weekly applications for unemployment benefits dropped 13,000 to 348,000, the fewest number of claims since March 2008. The consistent decline indicates that companies are laying off fewer workers, and hiring is likely to pick up further. Faster economic growth is spurring the additional hiring. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEEB Posted on February 20, 2012 10:03:44 by The Hughes Team
Posted in Economic News
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GM records its highest profit ever: 7.6 billionTwo years after it barely avoided financial ruin, GM reported its largest profit ever in 2011. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEEA Posted on February 19, 2012 13:27:56 by The Hughes Team
Posted in Economic News
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California firm buys Colorado Springs apartment buildingA California based real estate company has acquired its second apartment complex in Colorado Springs in two years and plans to purchase a third this month, reflecting the hot apartment market in Colorado Springs. The company paid $9.75 million for the Copper Chase Apartments, a 150 unit building at 2041 Southgate Rd., near the Broadmoor Towne Center. The company plans to spend $500,000 to $1 million on roofing, painting and landscaping, and to add a swimming pool, sun deck and barbecue areas. They are also planning to improve the apartments. Click here for details For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEE6 Posted on February 16, 2012 09:59:52 by The Hughes Team
Posted in Buyer's Information, Economic News
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ITT Exelis awarded $160 M contractITT Excell has been awarded a $160 million contract to continue providing information technology support and services to the Army's European command and joint commands for Africa and Europe. The company's Mission Systems division based in Colorado Springs, will continue to provide operations, maintenance and logistics support. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEE5 Posted on February 15, 2012 19:30:18 by The Hughes Team
Posted in Economic News
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