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Business/Economy

  • JPMorgan Chase Acknowledges $2B Trading Loss

    JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.

  • US hiring slows sharply with just 115K jobs added

    WASHINGTON (AP) — The unemployment rate dropped to 8.1 percent last month from 8.2 percent in March. It has fallen a full percentage point since August to a three-year low. But last month's decline was not due to job growth. The government only counts people as unemployed if they are actively looking for work.

  • Los Alamos, Sandia Labs recognize NM small businesses for innovation

    Ten projects developed by New Mexico small businesses using technical expertise and assistance of Los Alamos National Laboratory and Sandia National Laboratories will be recognized at the 11th Innovation Celebration Tuesday (May 1) sponsored by the New Mexico Small Business Assistance Program at Encantado Resort in Tesuque.

    The researchers from LANL and Sandia Labs, who assisted the companies, will receive a medal from NMSBA.

    Among the businesses to be recognized are

  • U.S. Economy Shows Lackluster Growth in Q1

    WASHINGTON (AP) — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year.

    The result suggests that the economy will continue to expand, slowly but steadily.

  • NM hopes to shed negative image with new ads

    SANTA FE (AP) — New Mexico this year is celebrating 100 years of statehood, but many people still confuse the Land of Enchantment with its south of the border neighbor. And some who do know the state think it’s nothing but a boring desert wasteland they would only visit on the way to Arizona or Colorado.
    Tourism Secretary Monique Jacobson hopes to finally change some of those perceptions with a new $2 million statewide branding campaign that puts a heavy focus on the state’s unique culture and outdoor adventures. It also gives the state a new logo, “New Mexico True.”

  • Blue Cross policyholders blast proposed rate hike

    SANTA FE (AP) — A state hearing officer has listened to several Blue Cross Blue Shield policyholders speak of financial hardships they’ll endure if higher monthly premiums were to kick in as the insurer wants.
    The insurance company has proposed a 6.9 percent increase on June 1 for 31,000 New Mexicans with individual health care policies.
    Saturday’s hearing to take consumer comment in Santa Fe came after Blue Cross laid out its case for the increase earlier this month. The Santa Fe New Mexican reports The company argued it was needed to cover claims that led the company to lose $7.2 million in the individual market in 2011.

  • ‘Dixie Girl’ coming to town

    Denise Lane’s latest restaurant concept is something she has been thinking about for the past two years or so and it has an autobiographical twist to it.

    “I was raised in Louisiana and the south,” Lane said. “I had a French grandmother, who had a real French influence when it came to food. And I also had a grandmother who grew up on a riverboat and she really knew how to have fun and had quite the New Orleans Cajun influence.”

    Lane envisions “Dixie Girl,” which is scheduled to open for lunch in late May in the space formerly occupied by the Central Avenue Grill, to have that kind of influence.

  • Vision for a new eatery

    Business owner Denise Lane took over possession what used to be Central Avenue Grill on Monday. Tuesday, she and chef Greg Hoch went over plans for a new restaurant, which will be called Dixie Girl. More details on Lane’s plans for the new restaurant can be found in next Sunday’s Los Alamos Monitor.

  • VIDEO: Why Gas Prices Spike in the Spring
  • WR businesses weather construction on N.M. 4

    With improvements on N.M. 4 well underway, orange barrels, heavy equipment and torn up pavement form an intimidating barrier between prospective customers and a number of White Rock businesses. Despite the inhospitable environment, however, White Rock businesses are holding their own.

    A few have even reaped unexpected rewards from the construction activity.

    “It’s going as well as can be expected. All the businesses throughout a community suffer from any construction,” said Los Alamos Commerce & Development Corporation (LACDC) Member Services Coordinator Katy Korkos. “But specific problems are being addressed on a weekly basis.”