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Local News

  • A look at state foreclosure rates from Jan.-June

    Here is a list of foreclosure rates, by state, from January through June. The ratio shows, for example, that one out of every 17 households in Nevada received a foreclosure notice during this period.

     

    Rate      State       Ratio of foreclosures to   Total properties 

    rank                  households in state        with filings

     

  • Fed eyes steps to bolster recovery

    WASHINGTON— Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy worsens.

    A new document, released Wednesday, revealed a more cautious mood among the Fed policymakers in light of Europe’s debt crisis, a volatile Wall Street, a stalled housing market and high unemployment.

  • County puts brakes on 3M project

    Time has run out for 3M IMTEC.

    On Tuesday night County Councilors terminated the economic development project for Hytec LLC, Imtec Real Estate LLC and 3M Imtec Corporation.

    The vote scuttled a deal in which the county, in 2007, entered into a loan agreement and promissory note with Hytec Inc. for $2.4 million under the county’s Small Business Financial Assistance Program.

    The loan was to be used to build a 20,000-square-foot building. So far, $2,032,475 has been disbursed and $496,581 has been held back pending a certificate of occupancy.

  • Big biz, unions back candidates

    Money is streaming in from unions, oil and gas, pharmaceutical and health industry political action committees for two local candidates battling for the District 43 House seat.

    The district encompasses Los Alamos, Santa Fe and Sandoval counties.

    The candidates released the numbers they’ve accrued in their campaign war chests through the most recent financial reports filed with the New Mexico Secretary of State’s Office.

  • Big biz, unions back candidates

    Money is streaming in from unions, oil and gas, pharmaceutical and health industry political action committees for two local candidates battling for the District 43 House seat.

    The district encompasses Los Alamos, Santa Fe and Sandoval counties.

    Read the whole story in today's Monitor.

  • IMTEC closing local operations

    3M officials were in town Wednesday informing employees at IMTEC (HYTEC) that the operation will shut down within 45 days.

    Dave Frezee, vice president of 3M digital oral care and Doyle Shea, 3M finance supervisor of real estate, also met with County Administrator Tony Mortillaro Wednesday.

    The men discussed the $2.4 million loan Los Alamos County provided the company in 2008. The money was to help fund construction of a nearly $4 million, 20,000-square-foot engineering and research facility with a 5,000-square-foot prototype manufacturing high bay at Airport Basin.

  • Cops could face death penalty in Katrina bridge shootings

    NEW ORLEANS (AP) — Four New Orleans police officers could face the death penalty after being accused of gunning down two unarmed people in the chaotic aftermath of Hurricane Katrina in the latest twist for a corruption-plagued department that already faces several federal investigations.

    The four officers were charged along with two others in a 27-count indictment unsealed Tuesday.

  • Cops could face death in post-Katrina shootings

    NEW ORLEANS (AP) — Four New Orleans police officers could face the death penalty after being accused of gunning down two unarmed people in the chaotic aftermath of Hurricane Katrina in the latest twist for a corruption-plagued department that already faces several federal investigations.

    The four officers were charged along with two others in a 27-count indictment unsealed Tuesday.

  • Stocks mixed after disappointing retail sales data

    NEW YORK (AP) — Stocks mostly fell Wednesday after a disappointing retail sales report chilled optimism from Intel's strong earnings and outlook.

    The Dow Jones industrial average fell 15 points, putting its six-day winning streak in jeopardy. But the tech-heavy Nasdaq composite rose thanks to chipmaker Intel Corp.'s results.

  • URGENT UPDATE!Government questions result in stunning setback for halting gusher in Gulf

    NEW ORLEANS (AP) — BP's work on capping the Gulf of Mexico gusher was frozen Wednesday after the federal government raised concerns the operation could put damaging pressure on the busted well that could make the leak worse.