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U.S. Farm Income Rises Despite Drought

WASHINGTON,  (UPI) –  The extreme U.S. drought is expected to raise farm income to $122.2 billion, its highest level in nearly four decades, the Department of Agriculture said. “It is a wild configuration,” University of Nebraska-Lincoln agricultural economics Professor Bruce Johnson told the Lincoln Journal Star. The 3.7 percent increase, to the highest level since […]

Central Atlantic Business Decline Slows

RICHMOND, Va.,  (UPI) –  The Richmond, Va., Federal Reserve Bank said manufacturing activity shrank in the central Atlantic states in August, but at a slower pace than July. The overall manufacturing index showed business activity, which fell from minus one in June to minus 17 in July, recovered slightly, coming in at minus nine in […]

Housing Nudges Stocks Higher

NEW YORK, (UPI) –  U.S. stock indexes turned slightly higher in New York Tuesday as a closely watched home price report indicated a nascent recovery in the housing market. The S&P Case-Shiller report said home prices rose May to June in all 20 of the cities the report monitors. Prices were up in 13 of […]

Home Prices Gain On Solid Ground

NEW YORK,  (UPI) –  U.S. home prices rose in the second quarter on three closely watched indexes, the monthly Standard & Poor’s Case-Shiller report said Tuesday. Home prices rose in the Case-Shiller 10-city and 20-city indexes and in the U.S. National Index, which covers all nine U.S. census divisions, the report said. The U.S. National […]

Awards For 5D Robotics

SAN DIEGO,  (UPI) –  A U.S. company that produces software for use with robots has, with its partners, won several awards at the 2012 Robotics Rodeo at Fort Benning, Ga. California company 5D Robotics Inc. said its software “integrates human behaviors with leading robotics hardware.” “We’re happy to be providing a single common software package […]

Navistar CEO Steps Down

LISLE, Ill., (UPI) –  U.S. truck and bus maker Navistar International Corp. said Monday Chief Executive Officer Daniel Ustian is retiring, effective immediately. The company’s statement did not mention the company’s current troubles, which include a loss of $172 million in the second quarter and a U.S. Securities and Exchange Commission investigation of “certain accounting […]

Italians Cut Back On Espresso

ROME (UPI) — A trade association said the economic downturn has forced Italians to cut back on something near and dear to them — a cup of espresso. ANSA said Saturday that the Federazione dei Pubblici Esercizi trade association is reporting a sharp reduction in consumer consumption of espresso. The price has also bumped up […]

Theaters Going Digital Or Die

MINNEAPOLIS (UPI) — U.S. movie theaters with antiquated projection equipment must convert to costly digital technology or face extinction, an industry official says. Minneapolis Star Tribune reported Saturday that by the end of the coming year the six major movie studios will only release new titles in digital format. The old 35-millimeter film format won’t […]

Navistar CEO Steps Down

LISLE, Ill. (UPI) — U.S. truck and bus maker Navistar International Corp. said Monday  Chief Executive Officer Daniel Ustian is retiring, effective immediately. The company’s board appointed Lewis Campbell, former chairman, president and CEO of Textron Inc. to serve as Navistar’s executive chairman of the board and interim CEO. Campbell is currently on the board […]

Hertz To Buy Dollar Thrifty For $2.3 Billion

PARK RIDGE, N.J. (UPI) — Hertz Global Holdings has reached an agreement to purchase  Dollar Thrifty Automotive for $2.3 billion, officials of the car-rental companies said. Hertz, formerly owned by Ford Motor Co., said it would pay $87.50 per share for Dollar Thrifty, which was formerly owned by Chrysler. The deal took more than three […]

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