Business

Colorado Springs employers expect to hand out a slightly smaller raises next year, according to an annual survey by the Denver-based human resource nonprofit Employers Council.Raises for Springs-area workers are expected to average 2.9% in 2020, down from 3% this year and matching the 2.9% increases employers gave out in 2018, according to the council's survey of nearly 500 employers in Colorado, Arizona and Wyoming. That's below the 3% statewide average, the 3.1% average for the Denver area and northern Colorado and 3.5% in resort areas but ahead of the 2.5% in the Pueblo area and Western Slope.Pay hikes for workers in the Colorado Springs area will be best in the finance and real estate sector at 4.2%, followed by services at 3.3% and health care at 3.2%. Local workers in the construction sector are expected to get raises averaging 3%, while those in government and the nonprofit sectors will get the smallest increases at 2.4% and 2.3%, respectively.Sue Wolf, the council's director of … [Read more...] about Colorado Springs employers expect to give smaller raises in 2020

Marie C. Baca, The Washington Post Published 1:24 pm PDT, Monday, July 22, 2019 The more than 147 million victims of the 2017 Equifax data breach are eligible for cash payments of up to $25 an hour for time spent remedying fraud or identity theft, or purchasing or freezing credit monitoring reports, according to the settlement.  less The more than 147 million victims of the 2017 Equifax data breach are eligible for cash payments of up to $25 an hour for time spent remedying fraud or identity theft, or purchasing or freezing credit ... more Photo: Mike Stewart, AP Photo: Mike Stewart, AP Image 1 of / 1 Caption Close Image 1 of 1 The more than 147 million victims of the 2017 Equifax data breach are eligible for cash payments of up to $25 an hour for time spent remedying … [Read more...] about Getting a share of Equifax’s payout fund could be tricky

Jul 22, 4:24 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Dawn Geske 07/22/19 AT 3:41 PM Following the recent fire and explosion at PES Energy, the company has announced that it filed for Chapter 11 bankruptcy protection on Sunday. The company is the largest oil refinery on the eastern seaboard.The company’s bankruptcy announcement also included its subsidiary, Philadelphia Energy Solutions Refining and Marketing LLC. This is the second bankruptcy filing for the company within a year and a half. PES Energy emerged from its first bankruptcy in August 2018.Through the bankruptcy announcement, PES Energy has secured debtor-in-possession (DIP) financing up to $100 million. The company said it has “a strong financial foundation to support existing operations.” PES Energy also said it is “safely positioned” to rebuild, restart, and complete the reorganization process.With the DIP financing … [Read more...] about PES Energy Bankruptcy: What Does It Mean For The Oil Refinery?