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  • The pay-TV industry lost subscribers for the first time due to declines in the cable TV audience.

    The study found that cable, satellite and telecom companies lost 216,000 TV customers overall.

    Satellite TV providers posted slight gains by adding 81,000 customers, while telecom companies’ video services, such as Verizon’s FIOS, added 414,000 subscribers.

    But six out of eight major cable system companies had their largest subscriber losses ever in the second quarter, and cable as a whole lost 711,000 subscribers.

  • Most tires are made mostly from petroleum, but now a Japanese tire maker is turning to a renewable substance that's totally natural.

    Yokohama claim's it's reinvented the tire by using naturally-occurring citrus oil. The tire maker gets its citrus oil from oranges. They're plentiful in Japan and renewable.

    Perfectly good orange juice is not wasted making the tires. Instead Yokohama says it uses a byproduct discarded orange peels.

  • A job fair is under way for the next 3 1/2 days at the Northfield's shopping district as two new restaurants are hiring.

    The two restaurants, Guy Harvey's Perfect Spot and Wyland's Ocean Blue will open later in August or September across the street from Bar Louie. For the next few days the managers will be looking for more than 100 employees for what owners promise will be a different kind of dining experience.

    Read more at cbsdenver.com

  • Gas prices in Denver have eased off a bit over the last week following three weeks of increases, according to the American Automobile Association’s Daily Fuel Gauge Report.

    Monday, the average price for a gallon of regular gas in Denver is $2.648, down just under a penny from last Monday's average of 2.657. Over the previous three weeks, the average price had risen 5.9 cents.

    Read more:  Denver Business Journal

  • Colorado counted 6,815 initial claims for unemployment insurance due to mass layoffs at 54 companies during the first seven months of 2010, an improvement over the year before.

    The federal Bureau of Labor Statistics, which released data for July on Friday, defines a mass layoff as involving at least 50 workers in a given month, regardless of how long the layoff lasted.

    Read more:Denver Business Journal
     

  • More than a half-billion eggs have been recalled in the nationwide investigation of a salmonella outbreak that expanded to include a second Iowa farm. The outbreak has already sickened more than 1,000 people and the toll of illnesses is expected to increase.

  • Mortgage rates have fallen to another record low this week. They're being pushed down by the sluggish economy.

    Freddie Mac says the average rate for a 30-year fixed loan is now 4.42 percent. Mortgage rates haven't been this low since Freddie Mac started tracking them in 1971.

    Read more at cbs4denver.com

     

  • Stocks tumbled Thursday after two disappointing economic reports renewed investors' concerns about the pace of the recovery.

    The Dow Jones industrial average fell about 144 points in late afternoon trading. Broader indexes fell by more than 1.5 percent. Interest rates also fell sharply as investors flocked to the safety of Treasury bonds.

    The Labor Department said claims for unemployment benefits rose unexpectedly last week and the Federal Reserve of Philadelphia said manufacturing activity in the mid-Atlantic region has dropped during August.

  • The government is determined to send a message to U.S. airlines about the need for strict maintenance on their fleets.

    The Federal Aviation Administration is set to propose a record penalty of $25 million or more on American Airlines for lapses in maintenance procedures that contributed to a spate of flight cancellations in 2008.

    The fine is nearly three times larger than any ever levied against a U.S. airline.

  • Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as global car sales recovered and raised its full year earnings forecast.

    The world's biggest automaker said Wednesday that revenue for the April-to-June quarter surged 27 percent to 4.87 trillion yen ($57.3 billion) as car sales jumped in North America, Japan and other parts of Asia including Thailand and Indonesia.