Content Tagged As financial

3 years 2 months ago

CO financial computer system has risk of failure

DENVER (AP) - State officials say the computer system that is the backbone of Colorado's financial workings is outdated and could trigger a failure that would prevent critical governmental transactions. A report released Monday says the failure of the Colorado Financial Reporting System would paralyze the state's ability to process...

3 years 7 months ago

Financial help to pay heating bills

If you're worried about your utilities bill as temperatures plunge into the deep freeze, there's still time to apply for the Low-Income Energy Assistance Program (LEAP). LEAP benefits provide assistance to help families with their heating bills but are not intended to pay the entire bill. You may apply...

3 years 7 months ago

What caused financial meltdown?

WASHINGTON (AP) - When it comes to finding the cause of the financial meltdown, the answers break down along party lines. The six Democratic members of a panel appointed by Congress agree that government officials and Wall Street executives share the blame for ignoring the warning signs. But...

4 years 3 weeks ago

Private colleges 'act local' with financial aid

Many private colleges are sweetening financial aid packages for students from their own backyards. It's an effort by the schools to portray themselves as more affordable and better neighbors. They also want to stay competitive. Among the schools is Northwestern University, which is targeting Chicago-area students in financial need....

4 years 1 month ago

Governor to slash state budget today

It just keeps getting worse. Gov. Bill Ritter will announce another round of budget cuts on Monday as the state's fiscal emergency continues. The governor has the power to cut up to $75 million from this year's $18.2 billion budget because the state failed to meet a 2...

4 years 4 months ago

Lockheed Martin supports Colorado school

Lockheed Martin is pledging money and volunteer support for the Denver School of Science and Technology. Lockheed Martin Space Systems of Jefferson County is making a "large financial pledge" to the school. Company officials are also making a five-year commitment of volunteer support from Lockheed Martin's 4,300 employees,...

4 years 4 months ago

State audit slams Cesar Chavez School Network

The Colorado Department of Education has released findings of an audit on the Cesar Chavez School Network--and the results are very unfavorable. In a news release sent out Wednesday morning, the Commissioner of Education Dwight D. Jones says he's concerned about the network's "egregious financial practices and dubious leadership." "The...

4 years 5 months ago

Taxpayers got even bigger windfall from Fed

A new report shows taxpayers got a record $47.4 billion last year in earnings from the Federal Reserve. The payment to the Treasury Department is slightly higher than the $46.1 billion first estimated in January. The new figure is based on more complete information contained in audited financial statements for...

4 years 6 months ago

Toyota shareholders sue over fallen stock price

Some Toyota shareholders are upset over a sudden drop in the Japanese automaker's stock price and they are filing lawsuits claiming company executives deliberately misled investors and the public about the depth of accelerator problems. At least three proposed class-action lawsuits filed by Toyota investors say the company gave false...

4 years 6 months ago

Study: Despite laws, women earn less than men

A global trade union says women with children still face major career and pay obstacles. In a report released Monday, the International Trade Union Confederation says women with children earn almost a third less than men and still face too many career obstacles. Diana Holland, chair of the ITUC's Women's...

4 years 6 months ago

Less stimulus for minority firms

The Obama administration is hearing a rising chorus of demands to steer more stimulus money to Hispanic and black businesses. Those businesses are getting a disproportionately small number of federal stimulus contracts. Latinos own 6.8 percent of businesses but have received only 1.7 percent of federal stimulus contracts recorded in...

4 years 6 months ago

Obama focuses on school dropouts

President Barack Obama is about to offer another education incentive to turn around low-performing schools and cut the dropout rate. To take advantage of some of the $900 million in grants states and school districts will have to get drastic -- replacing principals, reopening schools as charter schools or closing...

4 years 6 months ago

Bernanke: Record-low rates still needed

Federal Reserve Chairman Ben Bernanke tells Congress that record-low interest rates are still needed to ensure that the economic recovery will last and to help cushion the sting of high unemployment. Delivering his twice-a-year economic report to the House Financial Services Committee, Bernanke strikes a confident tone that the recovery...

4 years 7 months ago

Governors brace for more economic turmoil

The nation's governors are on the recession's front lines and they're struggling to chart the road ahead. Their states are staggering from unrelenting joblessness and cut-to-the-bone budgets even as Washington reports signs of economic growth. Republican Jim Douglas of Vermont, chairman of the National Governors Association, says "The worst probably...

4 years 7 months ago

Geithner says US credit rating safe despite debt

Treasury Secretary Timothy Geithner says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. Geithner says in an interview broadcast Sunday that in times of economic crisis, international investors will continue to buy U.S....

4 years 7 months ago

Personal incomes, consumer spending up in December

Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades. The Commerce Department said Monday that incomes rose by 0.4 percent, the sixth increase in a row. That's slightly better than analysts'...

5 years 1 week ago

AP Poll: Economy still troubles most Americans

A new poll suggests the economy still trouble most Americans one year after Wall Street teetered on the brink of collapse. According to a new Associated Press-GfK poll, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown. Even more --...

5 years 3 weeks ago

P&G sponsors US Olympic Team

The Procter & Gamble Co. says it will be a major sponsor of the U.S. Olympic Team for the upcoming winter and summer games. The deal, being announced later Tuesday, comes a month after the world's largest advertiser agreed to a major NFL sponsorship. It's also a big boost to...

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