Colorado pipe sculptors built PyeongChang halfpipe that staged historic Olympics contests, harvested six U.S. medals

BONGPYEONG, South Korea — The PyeongChang Olympic halfpipe hatched historic contests with best-ever runs and first-ever trickery that harvested six American medals, three of them gold. After each contest, athlete accolades rained on the pipe builders, a three-man team that includes Copper Mountain snow sculptors Mark Pevny and Jake Ingle. Shaun White, Chloe Kim and David Wise all heralded the super-sized halfpipe that enabled them to win in what turned out to be America’s best gold mine of these Olympics. “It really allowed the riders to put together a run that maybe they envisioned but haven’t been able to do,” said 33-year-old Pevny of Denver, who spends his winters building… Read More

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Many lenders are loosening requirements for prospective home buyers

By Michele Lerner, The Washington Post Will I or won’t I? An essential concern shared by prospective home buyers who need to finance their purchase is whether they will qualify for a mortgage for the amount and terms they require. Pushback against overly tight credit after the housing crisis, a shrunken proportion of first-time buyers and worry about affordability as home values rose led to some tweaks to guidelines that could ease financing pressures for home buyers this year. “We are seeing thoughtful underwriting of loans and a greater understanding that younger first-time buyers are in a growth phase of their careers,” said John Pataky, executive vice president of the… Read More

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Aurora transportation firm Schneider National Carriers cuts 119 jobs

Schneider National Carriers is cutting 119 jobs at its Aurora facility after losing a business services contract with General Motors and Ford, according to a letter filed with the state’s Department of Labor. The Green Bay, Wisc. transportation and logistics company said that the affected employees work at the 3150 Pagosa Street office in Aurora. The job cuts will be competed by April 28. The majority of the jobs are categorized as drivers. Related Articles Jackson National Life says 370 jobs lost in retirement insurer’s Denver office shutdown Novartis layoffs to start in April at closing Broomfield plant Fresh off inking a deal with Amazon, StarTek closing Colorado Springs facility… Read More

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Roku shares stream into the red as sales outlook disappoints

A weak outlook from Roku prompted investors to hammer its shares Thursday, taking the shine off the Los Gatos-based streaming TV technology company’s strong fourth-quarter results. Roku shares plunged almost 18 percent Thursday, to $41.88, after the company said Wednesday that it expects to lose between $40 million and $55 million this year. While that range suggests Roku believes it will lose less than the $63.5 million it lost in 2017, it’s also more than the $35.9 million loss forecast by Wall Street analysts. Roku also didn’t help its case when it forecast first-quarter sales of between $120 million to $130 million, which means the company’s sales could fall below… Read More

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Mark Zuckerberg, Priscilla Chan to fund Stanford award to fight Alzheimer’s Disease

Facebook founder Mark Zuckerberg and his wife Priscilla Chan have launched a new effort with Stanford School of Medicine to fight Alzheimer’s Disease and other neurodegenerative diseases. The Chan Zuckerberg Initiative will be funding five-year and three-year grants to scientists, including one that will support early career investigators willing to pursue bold, innovative ideas to fight the diseases, Stanford Medicine announced Tuesday. The Chan Zuckerberg Initiative is a philanthropic project launched by the couple in 2015. They plan to invest up to $1 billion funded by Zuckerberg and Chan’s Facebook shares. The five-year award will be named after Ben Barres, a noted Stanford neuroscientist who died in December at the… Read More

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Long-term mortgage rates climb to 4.4 percent

WASHINGTON — Long-term U.S. mortgage rates crept higher this week, upping the costs of borrowing to purchase a home just as more of the millennial generation is entering the real estate market. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.40 percent this week, a slight gain from 4.38 percent last week. That average is the highest since April 2014 and the seventh straight weekly increase. Related Articles Fed officials: Stronger economy boosts chance for rate hikes Disneyland withholds bonuses for hotel workers until they agree to contract offer Walmart’s plunge sinks retailers, breaking streak for stocks Investors are winners as companies… Read More

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