business and finance - The Durango Herald

CEO’s plan to save Sears would hand his hedge fund $1 billion

Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert’s hedge fund. Lampert, Sears Holdings Corp.’s chief execut...

DATE: Sep 28, 2018 | CATEGORY: Business

Bed Bath & Beyond nosedives after cutting forecasts

NEW YORK – Bed Bath & Beyond’s stock plunged to its lowest price in 18 years after the home goods store chain posted weak results in the second quarter and cut its forecasts for the rest of ...

DATE: Sep 28, 2018 | CATEGORY: Business

Arby’s parent to buy Sonic for $2.3 billion

The restaurant industry has to contend with a new giant. The parent of Arby’s, Inspire Brands Inc., announced on Tuesday that it had agreed to acquire Sonic Corp. in a deal valued...

DATE: Sep 28, 2018 | CATEGORY: Business

Mortgage rates soar to 7-year highs

NEW YORK – Five consecutive weeks of increases pushed mortgage rates to their highest level since April 2011. According to the latest data released Thursday by Freddie Mac, the 30...

DATE: Sep 28, 2018 | CATEGORY: Business

Region 9 to receive USDA loan and grant funds

The Region 9 Economic Development District of SouthWest Colorado, Inc. has been approved for a Rural Microentrepreneur Assistance Program loan and grant through USDA Rural Development. ...

DATE: Sep 28, 2018 | CATEGORY: Business

Maria’s Bookshop hires 2 booksellers

Maria’s Bookshop has hired two new employees. Nancy Krauss will be a new bookseller. Previously, she owned a pet-boarding business in Blowing Rock, North Carolina. She also worked in real es...

DATE: Sep 28, 2018 | CATEGORY: Business

LPEA hires a new lineman

Journeyman Lineman Eddie Quintana has joined the La Plata Electric Association in the Operations Department. He brings years of experience to the co-op. In the electric utility in...

DATE: Sep 28, 2018 | CATEGORY: Business

HomesFund hosts upcoming home-buying classes

The HomesFund will be holding two home-buyer education classes in October. The first is Thursday, Oct. 4, in the Bayfield Town Hall building, and the second is on Saturday, Oct. ...

DATE: Sep 28, 2018 | CATEGORY: Business

Small business group names 2018 ‘State Star’

The Shepherd serves as the executive director of the Southwest Colorado SBDC, hosted at Fort Lewis College. Her contributions to the Southwest region include creating 66 new jobs and helpi...

DATE: Sep 28, 2018 | CATEGORY: Business

Absolute Physical Therapy turns 2

Absolute Physical Therapy & Wellness will mark its two-year anniversary from 4 to 6 p.m. Thursday, Nov. 8, at its clinic, 277 East Eighth Ave. in Durango. ...

DATE: Sep 28, 2018 | CATEGORY: Business

Registration underway for 12th annual Economic Summit

Panel expected to discuss tough year in tourism

DATE: Sep 22, 2018 | CATEGORY: Business

Let’s make conference & events center a reality

I last wrote about an arts, conferences and events center in October 2017, nearly a year ago. A group has been meeting for nearly 18 months to create a plan for this type of facility for Dur...

DATE: Sep 22, 2018 | CATEGORY: What's Up Downtown

Photos: Thousands take to the streets for ‘No Kings’ march and rally in Durango

Photos: Navajo Trail OpenFriday was the first day of the Navajo Trail Open at Hillcrest Golf Club

Friday was the first day of the Navajo Trail Open at Hillcrest Golf Club

Photos: Durango Fire Protection District opens Station 2

Photos: Hundreds gather to honor fallen Bloomfield Police officer Timothy OntiverosA solemn procession stretched for blocks Monday morning along West Apache Street in Farmington – a display of unity, grief and honor for Bloomfield Police Officer Timothy Ontiveros, 32.About 7 a.m., a large contingent of law enforcement, motorcyclists, friends and grieving family prepared to embark on the motorcade to the 9 a.m. service at the Bloomfield High School football stadium to celebrate the life of the officer.