Colorado's mountain communities are trying to take advantage of fewer people flying. They're putting together incentives for Coloradans and others to visit before the summer ends.

The resorts aren't seeing the last days of summer as losers this year. They are offering huge discounts to keep people until the snow falls.

"It's nice to be able to come up when they do have deals that you can save a little bit more money when it's not during the crowded times," Sarah Scudder from Denver said.

Some hotels are charging under $100 a night

General Motors has filed the first batch of paperwork needed to sell stock to the public.

GM filed the paperwork for its initial public offering with the Securities and Exchange Commission on Wednesday.

The company says the U.S. government and other stakeholders will sell common shares worth $100 million. GM will sell preferred shares worth $100 million. Those numbers are rough estimates and the amount raised in the actual stock sale is expected to be much higher.

Investors regained some enthusiasm for stocks Tuesday, sending prices sharply higher after reports showed a slight improvement in the housing market and a big jump in industrial production.

Investors were also encouraged by earnings from Home Depot Inc. and Wal-Mart Stores Inc. that were better than expected. The Dow Jones industrial average rose 103 points. All the major stock indexes were up more than 1 percent. Interest rates rose as investors moved out of the bond market and back into stocks.

Consumers keep improving how they manage their credit card payments, with fewer customers in July defaulting or making late payments compared with the previous month, according to regulatory reports the lenders filed Monday.

On-time payments have been rising the last several months for many major card issuers.

As long as unemployment rates remain high, consumers are expected to continue to face financial difficulties, but the figures show continued improvement in Americans' ability to pay down their credit cards.

Colorado has the 12th-lowest mortgage closing costs among the states, says a survey released Monday by Bankrate.com.

The annual survey found that on a typical $200,000 loan, assuming 20 percent down and good credit, Colorado homebuyers pay an average of $3,366 in closing costs — $1,449 in average origination fees charged by the lender and $1,917 in average title and third-party fees.

Colorado improved considerably from 2009, when Bankrate.com ranked it as having the 24th lowest closing costs.

Forty percent of U.S. professionals are thinking about quitting their jobs after the summer vacation, according to a new survey by workplace supplier Regus. They’re tired of not being promoted, bosses that don’t share company goals and being overworked, the survey found.

14 months after filing for bankruptcy and taking $50 billion in government loans, General Motors reported its strongest quarter in six years.

The person brought in to manage a turnaround - CEO Ed Whitacre - told a media conference call his work here is done.

"We've restored profitability," said Whitacre. "We've positioned the company for success and things look good."

On Sept. 1, Whitacre turns the reins over to GM board member Dan Akerson, a Wall Street veteran with no auto industry experience.

Mortgage rates sank to the lowest level in decades this week, pushed down by the weak economy and the Federal Reserve's move to help lift the recovery by purchasing government debt.

Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans this week was 4.44 percent, down from 4.49 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971.

The average rate on the 15-year fixed loan dropped to 3.92 percent, down from 3.95 percent last week and the lowest on record.

Stocks and interest rates tumbled Wednesday as investors around the world took a bleaker view of the U.S. economy.
The Dow Jones industrial average fell 265 points, its biggest drop in six weeks, and all the major indexes fell more than 2%. The yield on the Treasury's 10-year note fell to its lowest level since March 2009 as investors worried about the economy and avoiding stocks sought the safety of government securities.

Wells Fargo was ordered Tuesday to pay $203 million to compensate customers who faced higher overdraft fees due to the bank’s practice of posting larger checks first.

Wells Fargo said it puts through customers’ checks for larger amounts first because it’s often their more important payments covering a mortgage or auto loan. But if that payment overdraws the account, smaller checks posted afterward would bounce, with each bounced check assessed up to $35 in overdraft fees.