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Expert: Costco Caters To Ultra-Affluent

STEVENS, Pa., (UPI) –  It’s not surprising Mitt and Ann Romney enjoy shopping at Costco, because it is the only discount retailer that attracts the affluent, a U.S. expert says. Pamela Danziger, president of Unity Marketing and luxury market expert, said Costco was the only discount chain that attracted more ultra-affluent — consumers with more […]

Middle Income Students Have More Debt

MADISON, Wis., (UPI) –  Middle income families are more likely to rack up high student loan debt than students from both lower and higher income backgrounds, U.S. researchers say. “Many middle income families make too much money for their children to qualify for student aid packages,” study author Jason N. Houle of the University of […]

Identity Authentication Services Offered

DALLAS, (UPI) –  Subscription-based authentication services for U.S. law enforcement agencies accessing the FBI’s CJIS database are now on offer. Under an FBI policy enacted last year, law enforcement agencies must use advanced authentication — such as biometric systems, smartcard and software tokens — by October 2013 to verify the identities of officers or individuals […]

GE Aviation Supports Marine Surveillance

GRAND RAPIDS, Mich., (UPI) –  A $9 million contract to support surveillance sensors used by the U.S. Marine Corps has been given to GE Aviation. Covered under the contract is the Marines’ Ground-Based Operation Surveillance System for short- and long-range day/night surveillance “beyond the fence” in all terrain and weather conditions. The contract is administered […]

U.S. Arms Sales Hit Record $66 Billion

WASHINGTON, (UPI) –  Export of U.S. weapons abroad soared more than three times the previous level in 2011, at least partly because of the continuing tensions over Iran’s disputed nuclear program in the Persian Gulf region. From $21.4 billion of sales in 2010 the total for last year reached $66.3 billion, the largest for a […]

Citigroup Settles Suit For $590 Million

NEW YORK, (UPI) –  U.S. banking giant Citigroup said Wednesday it had agreed to a $590 million payment to settle allegations that it hid bank losses from shareholders in 2007. The class-action lawsuit said Citigroup “concealed the company’s failure to write down impaired securities containing subprime debt.” Citigroup reported a fourth quarter loss of $9.83 […]

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 […]

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