Business
First-Time Jobless Claims Drop By 4,000
WASHINGTON, Dec. 22 (UPI) — Initial unemployment claims fell 4,000 to a seasonally adjusted 364,000 for the week ending Dec. 17, the U.S. Labor Department said Thursday. The previous week’s revised figure was 368,000, the department said in a release. At 380,250, the four-week moving average held under 400,000 for the sixth consecutive week. The […]
Mortgage Rates Match Or Set Record Lows
WASHINGTON, Dec. 22 (UPI) — The average fixed mortgage rates hit or matched all-time U.S. lows, Freddie Mac said Thursday. The 30-year fixed rate of 3.91 percent set a record low, while the 15-year fixed rate of 3.21 percent matched last week’s record low, the Federal Home Loan Mortgage Corp.’s Primary Mortgage Market Survey for […]
Federal Home Price Index Down In October
WASHINGTON, Dec. 22 (UPI) — U.S. home prices fell 0.2 percent in October compared with September, the Federal Housing Finance Agency said Thursday. Home prices are down 2.8 percent from October 2010 and down 19.2 percent from the peak of April 2007, the agency said. Of the nine districts tracked, prices in New England fell […]
Leading Indicators Rise In November
NEW YORK, Dec. 22 (UPI) — The U.S. index of leading economic indicators rose 0.5 percent in November, the Conference Board said Thursday. The Leading Economic Index, which has risen for the past six months, climbed 0.3 percent in August and 0.1 percent in September. In October it jumped 0.9 percent to 117.4. In November […]
Chicago Sun-Times Sold
CHICAGO, Dec. 22 (UPI) — Private investors have purchased Chicago’s tabloid daily newspaper the Sun-Times, the parent company’s chairman has confirmed. Sun-Times Media Chairman Jeremy Halbreich said the newspaper was bought by a group led by former Newsday publisher and chief executive officer Timothy Knight and Chicago businessman Michael Ferro Jr., the Chicago Tribune reported […]
U.S. Navy Receives New Ship
PASCAGOULA, Miss., Dec. 21 (UPI) — The amphibious transport dock USS San Diego has been officially transferred to the U.S. Navy by Huntington Ingalls Industries Inc. The handover of the ship, the sixth amphibious transport dock by Ingalls Shipbuilding, took place Monday during a ceremony at company facilities in Pascagoula, Miss. “This delivery exemplifies the […]
Existing Home Sales Rise
WASHINGTON, Dec. 21 (UPI) — Sales of existing homes rose 4 percent from October to November to hit a 10-month high, the National Association of Realtors said Wednesday. Existing home sales in November came in at a seasonally adjusted annual rate of 4.42 million, up from 4.25 million in October. Sales are 34 percent above […]
Mortgage Activity Slides With Rates Down
WASHINGTON, Dec. 21 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell in the week ended Friday with long-term mortgage interest rates also dropping. Interest rates for 30-year, fixed-rate conforming mortgages fell from 4.12 percent to 4.08 percent with points rising from 0.45 to 0.49, the trade group said. Rates for 15-year, fixed-rate […]
Willie Gault Charged With Fraud
WASHINGTON, Dec. 21 (UPI) — U.S. finance regulators charged former professional football star Willie Gault with scheming to defraud investors of $8 million. There are other suspects in the case, including former Hollywood producer J. Rowland Perkins and California attorney Mitchell Stein, USA Today reported Wednesday. The Securities and Exchange Commission charged the trio with […]
Justice Files Suit To Block Exelon Merger
WASHINGTON, Dec. 21 (UPI) — Exelon Corp. and Constellation Energy Group Inc. need to shed three electricity plants to go forward with a merger, the U.S. Justice Department said Wednesday. The Justice Department said it filed a civil lawsuit in federal court in Washington to block the $7.9 billion merger on antitrust grounds, stating in […]
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