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Eric Holder: U.S. Investigating High-Speed Trading

WASHINGTON (UPI) — The U.S. Justice Department is investigating high-frequency trading at Wall Street and financial firms, Attorney General Eric Holder told lawmakers Friday. Appearing before the House Appropriations Committee to discuss his department’s budget, Holder said they were investigating high-frequency trading to see whether it violated insider trading laws. “The department is committed to […]

Google Wants To Trademark The Term ‘Glass’

MOUNTAIN VIEW, Calif. (UPI) — Google is attempting to trademark the word “Glass” but has been unable to convince the U.S. trademark office to issue it, since the word is a generic term. Google has been able to trademark the term Google Glass but has been attempting, since last year, to convince the U.S trademark […]

U.S. Economy Adds 192,000 Jobs In March; Unemployment Rate Holds Steady

WASHINGTON (UPI) — The U.S. economy added 192,000 jobs in March, showing steady improvement in the labor market, but still short of the rebound analysts were expecting. The 192,000 gain was below the 206,000 estimate reported by analysts polled by Bloomberg, but the unemployment rate held steady at 6.7 percent. While the increase in jobs […]

American Employees Are Taking Only Half Of Their Paid Leave

SAUSALITO, Calif. (UPI) — Americans eligible for paid vacation admitted to using only 51 percent of their eligible time in the past 12 months, possibly costing them more than $1,300. Among employees eligible to take paid time off, 85 percent said they took at least some time off, whereas the rest took no time off. […]

Banking Watchdog Warns About Possible Hacking Of ATMs

WASHINGTON (UPI) — A banking watchdog said hackers could target bank ATMs and change the controls on the machines to enable the theft of possibly unlimited amounts of money. The Federal Financial Institutions Examination Council issued an alert saying thieves could target small- to medium-sized institutions and withdraw large amounts of cash. The watchdog said […]

U.S. Trade Deficit Widens In February As Exports Fall

WASHINGTON (UPI) — The U.S. trade deficit widened in February, reaching its highest level in five months, on account of weak exports and local demand. U.S. exports fell 1.1 percent to $190.43 billion, whereas imports rose 0.4 percent to $232.73 billion, as reported by the Commerce Department Thursday. This led to a trade deficit of […]

Jobless Claims Rise By 16,000, Reaching Five-week High

WASHINGTON (UPI) — The number of people filing for unemployment benefits in the U.S. rose to the highest level in a month, but is still close to pre-recession levels. Jobless claims increased by 16,000 to 326,000 for the week ending March 29, marking a five-week high, after reaching a six-month low last month. The median […]

ADP: U.S. Businesses Add 191,000 New Jobs In March

ROSELAND, N.J. (UPI) — U.S. businesses added 191,000 jobs from February to March, a return to the modest pace of hiring seen before the hard winter weather. Private sector employment increased for the month of March according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. “The job market is coming out […]

Mark Zuckerberg’s Salary Drops To $1, But He Earns $3.3 Billion Through Stock Options

MENLO PARK, Calif. (UPI) — Facebook chief executive Mark Zuckerberg’s base salary fell to $1 last year, but his total compensation for the year was $653,165 and $3.3 billion in stock options. Much like other technology CEOs, such as Google’s Larry Page and former Apple boss Steve Jobs, Zuckerberg claimed only $1 as base salary, […]

Cellphone ‘Kill Switches’ Could Save Americans Billion Of Dollars

OMAHA (UPI) — American consumers can save billions of dollars in replacing stolen phones and cellphone insurance if only cellphones came with a “kill switch.” According to research from Creighton University, Americans annually spend $4.8 billion on cellphone insurance and $580 million on replacing phones that they have lost. The Creighton study estimated that consumers […]

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