A trio of Commerce City companies has decided to stay put, despite intense pressure to leave Colorado for cheaper locations, and to be closer to their competitors. The decision will create an additional 150 jobs and pump more than $30-million into the local economy.
-- First the Labor Department announced that while American workers were more productive at the end of last year, the gains in productivity slowed. The AP reports that could "signal that companies are ready to hire more workers."
As has been the case with all of Apple's product unveilings, there is a shroud of secrecy surrounding today's impending announcement.
Today, Apple has invited media to the Yerba Buena Center for the Arts in San Francisco for a 1 p.m. ET. event. The only clue provided by Apple was a typically cryptic invitation with a picture of an iPad and a few words: "We have something you really have to see. And touch."
In Houston Tuesday, a federal jury convicted Texas financier R. Allen Stanford of running a massive Ponzi scheme. Jurors agreed with prosecutors, who claimed he ran a global scheme that lasted more than 20 years and involved more than $7 billion in investments.
When Lehman Brothers collapsed in 2008, it was the largest bankruptcy in U.S. history. More than three years later, Lehman is emerging from Chapter 11. The firm is really just back in business to liquidate itself. Lehman has about $65 billion in assets that it intends to distribute among its many creditors starting next month.