Business
U.S. Retail Sales Slip Week To Week
NEW YORK (UPI) — U.S. retail receipts dropped 1.1 percent in the week ending Saturday, a U.S. trade group said. The International Council of Shopping Centers-Goldman Sachs weekly sales report said sales dropped 1.1 percent week to week, but rose 2 percent compared to the same week a year earlier. The trade group noted strong […]
Consumer Prices Dropped In March
WASHINGTON (UPI) — Consumer prices dropped 0.2 percent in March, pushing the 12-month inflation rate to 1.5 percent, the U.S. Bureau of Labor Statistics said Tuesday. Energy prices, which have declined in four of the past five months, dropped 2.6 percent with a 4.4 percent drop in gasoline prices in the month. That partly erases […]
U.S. Housing Starts Topped 1 Million In March
WASHINGTON (UPI) — Home building starts topped 1 million in March at an annual rate for the first time since June 2008, the U.S. Department of Commerce said Tuesday. The department said project starts rose 7 percent above February’s revised figure of 968,000 starts on a seasonally adjusted annual rate, reaching an annual rate of […]
Industrial Production Rose In March
WASHINGTON (UPI) — Industrial production rose 0.4 percent in March after rising 1.1 percent in February, the U.S. Federal Reserve said Tuesday. For the first quarter, industrial output rose at an annual rate of 5 percent, the largest gain since the first quarter of 2012. Manufacturing output in March slipped 0.1 percent after a gain […]
Survey Finds More Households Renting And At High Costs
WASHINGTON (UPI) — Rental vacancy rates in the United States fell from 2009 to 2011, while the share of households renting homes rose, the Census Bureau said Tuesday. Rental vacancy rates fell from 8.4 percent to 7.4 percent in two years, the American Community Survey found. Vacancy rates dropped, while the share of U.S. households […]
EU Caps Bank Bonus Pay
BRUSSELS (UPI) — European leaders approved of a groundbreaking banking rule Tuesday that will set a top limit on bonuses bankers can receive. “The rules will put an end to the culture of excessive bonuses, which encouraged risk-taking for short-term gains,” said Jose Manuel Barroso, president of the European Commission. “This is a question of […]
Greece Secures New Bailout Terms
ATHENS, Greece (UPI) — Lenders in Europe agreed to new terms for loans to Greece that will free up an additional $3.6 billion disbursement for the debt-burdened government. The agreement includes a new round of austerity measures. Specifically, The New York Times reported Monday, Greece will layoff an additional 15,000 civil servants, including 4,000 this […]
Dish Makes Play For Sprint
LITTLETON, Colo. (UPI) — U.S. television carrier Dish Network Corp. said it made a $25.5 billion offer to buy Sprint Nextel Corp. as a bid to jump quickly into the wireless industry. “We felt like we needed to act now,” said Thomas Cullen, Dish’s executive vice president for corporate development. The bid from Dish includes […]
Brother Makes Offer For Kodak Scanning Business
ROCHESTER, N.Y. (UPI) — Struggling U.S. film giant Eastman Kodak Co. said it had a tentative $210 million offer for its document scanning business. Brother Industries Ltd., a Japanese company, has made the cash offer that needs to be approved by the bankruptcy court before it can proceed, the Rochester (N.Y.) Democrat and Chronicle reported […]
Hobby Lobby Sets Its Own Pace On Hourly Wages
OKLAHOMA CITY (UPI) — National craft retailer Hobby Lobby based in Oklahoma said it had raised its hourly wage for full time staff to a minimum of $14 per hour. Part-time workers were also given a raise with minimum pay bumped from $9 per hour to $9.50, The Daily Oklahoman said Monday. For full-time workers, […]
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