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Denver Business News - Local Denver News | Denver Business Journal

  1. Strategies: How you can cash in on cash balance retirement plans
    Successful professionals and business owners worry about retirement savings, just like everyone else these days. Do they have enough socked away? Could taxes, inflation and healthcare costs rise and nibble away at their savings? What about new regulations and legislation? That’s why many high-earners are increasingly turning to little-known cash balance defined benefit plans, which are similar to old-fashioned pensions but have some 401(k) twists. These plans allow business owners to save up…
  2. DaVita's CFO is leaving the company
    DaVita’s top financial executive is leaving to go back to work in the biopharmaceutical industry. Company leaders DaVita HealthCare Partners Inc. (NYSE: DVA), the Denver-based kidney-care giant, did not identify the company for which CFO Garry Menzel would be going to work. But they thanked him for his service on Friday. “I appreciate Garry’s service and contribution to the DaVita Village,” said Kent Thiry, DaVita co-chairman and CEO. “I wish him all the best as he returns to his professional…
  3. Colorado attorney general asks Supreme Court to toss multi-state marijuana suit
    Colorado Attorney General Cynthia Coffman Friday responded to a lawsuit filed with the U.S. Supreme Court over Colorado's law legalizing recreational marijuana. The suit, filed by Nebraska and Oklahoma in December, seeks to overturn Amendment 64, which legalized marijuana in Colorado in 2012 with the first recreational sales in Jan. 2014, by arguing the state is violating the federal Supremacy Clause. The states say that marijuana coming across the border from Colorado has led to increased crime…
  4. Just $10 million remains for Colorado's unpassed bills in this year's budget
    Colorado legislators officially introduced the 2015-16 budget bill on Friday, and it is chock full of numbers, such as $10.25 billion in general-fund spending and $216 million in increased K-12 money. But for business leaders watching a host of bills move through the process in the Legislature right now, the most important number is this: $10 million. That is how much room is set aside in the budget for hundreds of bills that are under consideration but have not yet died or become law in this session.…
  5. Metro Denver unemployment rate 4.5% in February
    Metro Denver's unadjusted unemployment rate stood at 4.5 percent in February, unchanged from January but down from 6.1 percent in February 2014, according to raw county jobs estimates released Friday by the Colorado Department of Labor and Employment. The 4.5 percent unadjusted jobless rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield and Centennial, but not Boulder County. Boulder County's unemployment rate was 3.9 percent last month, unadjusted. By county, February's…