Stimulus funds broadband expansion

The latest round of federal government broadband stimulus money will help fund a network expansion in the rugged Colorado mountains between Aspen and Montrose.
Madison, Wis.-based TDS Telecommunications Corp. won $1.8 million in stimulus funding to extend broadband in the Colorado communities of Cedaredge, Crawford, and Somerset. TDS will contribute $609,000 toward the project.
The expansion is […]

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Pennsylvania slots revenue up 8.2 percent in June

Pennsylvania's nine casinos brought in $1.19 billion in tax revenue for the just-ended 2009-10 fiscal year, the Pennsylvania Gaming Control Board said Friday.
For the month of June, slots revenue was up 8.2 percent from a year ago, to $98.2 million.
Since the opening of Pennsylvania's first slot machine casino in November 2006, the gaming board says […]

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When Jerry York shook up GM

Jerry York always loved to play the subversive, the man behind the scenes who manipulated the levers of power.
The last time I saw him, 18 months ago, it was a vintage York moment. We met in a nearly deserted restaurant in Bloomfield Hills in mid-afternoon. He was dressed in a black mock turtleneck and […]

Pinnacle, state reach deal to close President Casino

ST. LOUIS — Pinnacle Entertainment blinked.
After eight months of staring down powerful Missouri regulators over the fate of the President Casino, the Las Vegas-based gaming company agreed Wednesday to close the ailing downtown riverboat by July 1.
The move comes as a surprise, one that could have broad implications for St. Louis’ $1 […]

Daw: Seven of 10 robot picks beat market

If only robots could skip, click heels or cock their elbows like celebrating hockey players. Surely our robotic stock selection tool would be that animated after posting such a great year.
Ten stocks a robotic or automated filtering technique helped us choose for 2009 would have turned a million dollars into $1.685 million, if we hadn’t […]

Giving gifts to customers can build your business

Small-business owners with cash flow problems might be tempted during yet another difficult holiday season to forgo gifts for clients or customers. Many look at gifts as budget items that just aren’t critical.
There’s another, bigger-picture way to look at business giving. Gifts selected with care convey to customers how important they are, and […]

Seniors squeezed as doctors shun Medicare

Medicare has become a scary word to the doctors at the largest private group practice in Kansas City, Mo.
It’s so scary that most physicians at Kansas City Internal Medicine, with 65% of its nearly 70,000 active patients age 65 or older, have stopped accepting walk-in Medicare enrollees, said Dr. David Wilt, an internist at […]

CIT launches restructuring plan

Troubled lender CIT Group launched a restructuring plan aimed at shaving $5.7 billion of debt. The company warned it could file for bankruptcy if it falls short of that figure.
CIT (CIT, Fortune 500), one of the nation’s largest lenders to small businesses, said late Thursday that its board of directors and steering committee has […]

TSX bears brunt as rebound hopes fade

The Toronto stock market closed lower Friday and racked up its second weekly loss in a row as a string of disappointing economic data was capped by a U.S. jobs report that widely missed expectations. Collectively, the data have raised even more doubts that the surge in stocks since early March can be sustained.
The […]

47% will pay no federal income tax

Most people think they pay too much to Uncle Sam, but for some people it simply is not true.
In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.
Some in that group will even get additional money from the government […]