Business
Easter Week Sales Hop
WASHINGTON (UPI) — U.S. retail receipts jumped 4.7 percent in the week ending Saturday, a trade group in Washington said. The International Council of Shopping Centers-Goldman Sachs weekly sales report said sales rose week to week with a boost from Easter’s early arrival. In 2012, Easter fell on April 8, while this year it came […]
A Slow Three Months For Mergers
NEW YORK (UPI) — The value of mergers and acquisitions in the first quarter jumped in the United States, but fell worldwide in the first quarter to a 10-year low. Worldwide, the value of deals was the lowest it has been since 2003, The New York Times reported Tuesday. The value of the deals reached […]
Manufacturing In March Shows Robust Growth
NEW YORK (UPI) — The pace of U.S. manufacturing growth accelerated in March, a research firm confirmed Monday. Markit Economics said the manufacturing sector’s Purchasing Managers Flash Index rose from 54.3 in February to 54.6 in March, which indicates faster growth, albeit with slimmer gains than were reported in firm’s flash estimate report, which had […]
Construction Spending Rose In February
WASHINGTON (UPI) — Construction spending rose January to February to a seasonally adjusted annual rate of $885.1 billion, the U.S. Census Bureau reported Monday. Total construction spending in January was revised to $874.8 billion from $883.3 billion, the bureau said. Overall, construction spending rose 1.2 percent month to month. Spending in February came to 7.9 […]
U.S. Consumer Spending Rose In February
WASHINGTON (UPI) — Consumer spending rose 0.7 percent and incomes were up 1.1 percent in February, the U.S. Commerce Department said Friday. Personal spending rose by $77.2 billion, with help from a $143.2 billion boost in incomes. Disposable incomes increased by $127.8 billion, or 1.1 percent, the department said. The figures represent a turnaround for […]
SAC Capital Money Manager Arrested
NEW YORK (UPI) — U.S. authorities said they arrested a SAC Capital Advisors portfolio manager in New York as part of an insider trading investigation. The arrest of Michael Steinberg at his Park Avenue apartment makes a total of nine SAC employees implicated in the case. Four have entered guilty pleas, The New York Times […]
BofA Saddled With Top Spot In Complaints
WASHINGTON (UPI) — Bank of America’s purchase of Countrywide Financial Corp. pushed it to the No. 1 spot on a list of consumer complaints, data from a watchdog agency show. BofA responded to the complaints data by praising the goal of transparency at the Consumer Financial Protection Agency, the watchdog agency that was created in […]
Hollande Proposes Payroll Tax On Wealthy
PARIS (UPI) — French President Francois Hollande said he would try a new approach to raising taxes on the wealthiest wage earners with a 75 percent payroll tax. An earlier proposal to make the top tax rate in France 75 percent, which would apply to those earning more than $1,300,000 per year, was shot down […]
200,000 Knockoffs Seized In Italy
TURIN, Italy (UPI) — Italian authorities said they seized more than 200,000 reproductions of jewelry and other items and were trying to find the source of the counterfeits. Turin police seized knockoffs of Louis Vuitton, Guess, Chanel and Bulgari merchandise, ANSA reported Friday. Authorities said they were concerned that the fraudulently labeled items could pose […]
Banks Reopen Cautiously In Cyprus
NICOSIA, Cyprus (UPI) — Authorities in Cyprus said they would maintain tight control on money transfers as the banks reopened on Thursday after nearly two weeks. Banks were shut down for a routine holiday, but officials kept banks closed for 12 days through the ups and downs of securing a $13 billion bailout from the […]
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