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Unemployment Rate 8.1 But Hiring Slowed

WASHINGTON (UPI) — The U.S. unemployment rate dropped to 8.1 percent in August, down 0.2  points, but a fewer-than-expected 96,000 jobs were added, the Labor Department reported. The statistics released Friday could have an effect on the presidential election, observers say. Before August, an average of more than 150,000 jobs were added each month. Economists […]

Settlement Approved In E-Book Pricing Case

NEW YORK (UPI) — A U.S. judge has approved a settlement with three major publishers over collusion in e-book pricing, setting the stage for a digital book price war. District Court Judge Denise L. Cote, the federal judge in Manhattan overseeing the case, rejected arguments against the settlement in a civil antitrust case brought by […]

Cosmo And J.C. Penney Throw In Together

NEW YORK, (UPI) —  Cosmopolitan magazine said Thursday it would launch a line of clothing and accessories at U.S. retailer J.C. Penney’s 600 stores. The Los Angeles Times reported that magazine known for merging sex tips and urban chic would partner up with the retailer to sell a line of shoes, handbags, sleepwear and lingerie. […]

U.S. Layoffs At 20-Month Low

CHICAGO,  (UPI) —  U.S. employers announced 32,239 layoffs in August, the lowest number since December 2010, a private outplacement firm said Thursday. Outplacement specialist Challenger, Gray & Christmas said announced job cuts dropped 12.5 percent from July’s total of 36,855. Job cuts also dropped 37 percent from August 2011, when 51,114 layoffs were announced. For […]

Social Media Driving TV Viewing Habits

NEW YORK, (UPI) —  The television viewing behavior of young adults is being strongly influenced by social media interactions, a U.S. survey found. The study by Horowitz Associates found 24 percent of 18- to-34-year-old adults and 30 percent of 15- to-17-year-olds saying they have started watching a show on TV because of something they saw […]

Gallup's Job Creation Index In The Black

PRINCETON, N.J. (UPI) — Research firm Gallup said Wednesday the past six months have provided U.S. workers with the best economic conditions since the near global recession. Gallup said its Job Creation Index reached 19 in August, up from 17 in July. The index has included readings above 20 in June and April and stayed […]

Gallup Tries A New Scale For Work Success

PRINCETON, N.J. (UPI) — Gallup researchers said 27 percent of the global population more than 15 years old was working at least 30 hours per week for one employer in 2011. Gallup also said it had found a more definitive measure than the unemployment rate to assess a county’s economic strength by looking at its […]

Official Says Libor Case Could Mushroom

RALEIGH, N.C. (UPI) — A state treasurer said the Libor manipulation scandal could end with settlements as large as the recent foreclosure case settlement with five major U.S. banks. The settlement with five of the nation’s largest banks for their part in taking illegal shortcuts in foreclosure cases came to $26 billion. The Libor scandal […]

Internet Pricing Becoming Volatile

NEW YORK (UPI) — Price changes from minute to minute, like those seen for online airfares, are moving into the online shopping arena for consumer products, U.S. analysts say. Retailers, using new, fast computer algorithms, are changing their online prices of products from laundry detergent to toaster ovens on an hour-by-hour and sometimes minute-by-minute basis, […]

Zuckerberg Elects To Hold Onto Shares

MENLO PARK, Calif. (UPI) — Facebook Chief Executive Officer Mark Zuckerberg said in a regulatory filing that he will hold onto his company shares for at least 12 months. Zuckerberg would be eligible to sell his 444 million Facebook shares on or after Oct. 29, when the sales moratorium on his shares ends. Ending the […]


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