Aurora Business

The 20,000 square foot building that Terrapin Care Station will be opening in late June will have a retail shop in the front and grow facility in the back. (Photo by Gabriel Christus/Aurora Sentinel)

AURORA | Aurora and two other cities lost a legal challenge last week against the newly enacted Adams County recreational marijuana sales tax. Adams County District Court Judge F. Michael Goodbee issued the ruling Wednesday, Sept. 23, finding that Adams County “has the statutory authority to enact, collect, and enforce a retail marijuana sales tax […]

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Alcoa splitting into 2 companies

FILE - This April 7, 2014, file photo, shows the Alcoa logo in the lobby of Alcoa's headquarters in Pittsburgh. Alcoa announced, Monday, Sept. 28, 2015, it will split into two independent companies by separating its aluminum and automotive metals businesses. (AP Photo/Gene J. Puskar, File)

“In the last few years, we have successfully transformed Alcoa to create two strong value engines that are now ready to pursue their own distinctive strategic directions,” Chairman and CEO Klaus Kleinfeld said in a statement.

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In this Aug. 21, 2015 photo, people shop the cosmetics section of the CityTarget store in Boston. U.S. consumer spending rose at a healthy rate in August, while income growth slowed after a big jump in July,  the Commerce Department said Monday, Sept. 28, 2015. (AP Photo/Michael Dwyer)

“Overall consumer spending remains robust and highlights a solid employment backdrop,” said Bricklin Dwyer, an economist at BNP Paribas. “We expect firm spending ahead as employment remains solid and wages begin to accelerate.”

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FILE - In this May 8, 2014 photo, a sign announces a residential home sale pending in Framingham, Mass. Fewer Americans signed contracts to buy homes in August 2015, the National Association of Realtors said Monday, Sept. 28, 2015, as pending sales slumped amid broader concerns about the U.S. stock market and global economy. (AP Photo/Bill Sikes, File)

The National Association of Realtors said Monday its seasonally adjusted pending home sales index fell 1.4 percent to 109.4 last month. Signed contracts to purchase homes have climbed a healthy 6.1 percent over the past 12 months, aided by steady job growth and low mortgage rates.

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File - In this July 30, 2015 file photo, the Royal Dutch Shell PLC icebreaker Fennica heads up the Willamette River under protesters hanging from the St. Johns Bridge on its way to Alaska in Portland, Ore.  Royal Dutch Shell will cease exploration in Arctic waters off Alaska's coast following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement that came on Monday, Sept. 28, was a huge blow to Shell, which was counting on offshore drilling in Alaska to help it drive future revenue. Environmentalists, however, had tried repeatedly to block the project and welcomed the news. (AP Photo/Don Ryan, File)

“Shell continues to see important exploration potential in the basin, and the area is likely to ultimately be of strategic importance to Alaska and the U.S.,” Marvin Odum, president of Shell USA, said in The Hague, Netherlands. “However, this is a clearly disappointing exploration outcome for this part of the basin.”

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