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Markets Post Solid Gains

NEW YORK, Feb. 24 (UPI) — U.S. stocks posted solid gains Monday, with investors clawing their way back to heights unseen since the first of the year. The Standard & Poor’s 500 took a run at a record close, climbing to 1,855 points in midday trading before settling down to close at 1,847.61 points, up […]

Christening Set For New British Aircraft Carrier

LONDON, Feb. 24 (UPI) — The build phase of Britain’s newest aircraft carrier will officially end in early July when HMS Queen Elizabeth is christened at a Scottish shipyard. Britain’s Ministry of Defense said the first-of-class carrier, which displaces more than 71,000 tons, is scheduled for christening July 4, with the ship being allowed to […]

DARPA To Tackle Battle Management Tech Issues

WASHINGTON, Feb. 24 (UPI) — The U.S. military is developing control algorithms and decision-aid software for battle management to counter threats from enemy technology. According to the Defense Advanced Research Projects Agency, the program is called the Distributed Battle Management project, which is to develop systems-of-systems concepts in which networks of manned and unmanned platforms, […]

Manufacturing In Texas Has Expanded In February

DALLAS, Feb. 24 (UPI) — Texas’ manufacturing has expanded in February for the 10th consecutive month, the Dallas Federal Reserve Bank said Monday The bank said the state’s production index rose from 7.1 to 10.8, “indicating output grew at a slightly stronger pace.” Capacity utilization improved slightly, with 25 percent of respondents to a monthly […]

Economic Reports Due This Week

NEW YORK, Feb. 24 (UPI) — Economic reports for the week culminate in Friday’s second estimate of the U.S. gross domestic product, which was pegged in the first estimate at 3.2 percent. The reports calendar includes: – Monday: The consumer price index for the eurozone; a Markit Economics purchasing managers index for service-oriented firms in […]

Japan’s Ruling Party Seeks To Ease Ban On Arms Exports

TOKYO, Feb. 24 (UPI) — Japan’s ruling party is seeking approval for a security strategy that could ease a ban on arms exports, the Asahi Shimbun newspaper reported. An agreement would allow arms shipments to countries involved in international conflicts but still prohibit exports to countries sponsoring terrorism or violating international ammunition treaties, the newspaper […]

Auto Outlook: UAW Organizing Loss In Tennessee Not Final Word

The UAW’s failed bid to organize hourly workers at the sprawling Volkswagen plant near Chattanooga, Tenn., is having repercussions in Germany. Workers at the VW plant, which builds the U.S. version of the Passat sedan, voted 53 percent — 712-626 — to reject UAW membership in balloting that ended on Valentine’s Day. The vote in […]

Janet Yellen Was Early Advocate Of Intervention

WASHINGTON, Feb. 22 (UPI) — Transcripts from 2008 show the Fed’s Janet Yellen was an early supporter of using a variety of policy tools aggressively to combat a feared U.S. recession. The prolonged recession, the deepest and darkest economic slide since the Great Depression, was later officially given the starting date of December 2007. In […]

UAW Files Appeal With NLRB On Tennessee VW Plant Vote

DETROIT, Feb. 21 (UPI) — The United Auto Workers has filed an appeal alleging comments by political figures interfered unfairly in a union election at a Volkswagen plant in Tennessee. In a statement posted on its website, the UAW said it filed objections with the National Labor Relations Board, due to what it called “a […]

Markets Slip Friday After Downbeat Home Sales Report

NEW YORK, Feb. 21 (UPI) — U.S. stock markets struggled to make headway Friday, closing lower on a report the housing sector sagged in January. The National Association of Realtors said existing home sales fell 5.1 percent in January to an 18-month low. Sales of standing homes have dropped in five of the past six […]


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