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Jobless Claims Rise By 16,000, Reaching Five-week High

WASHINGTON (UPI) — The number of people filing for unemployment benefits in the U.S. rose to the highest level in a month, but is still close to pre-recession levels. Jobless claims increased by 16,000 to 326,000 for the week ending March 29, marking a five-week high, after reaching a six-month low last month. The median […]

ADP: U.S. Businesses Add 191,000 New Jobs In March

ROSELAND, N.J. (UPI) — U.S. businesses added 191,000 jobs from February to March, a return to the modest pace of hiring seen before the hard winter weather. Private sector employment increased for the month of March according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. “The job market is coming out […]

Mark Zuckerberg’s Salary Drops To $1, But He Earns $3.3 Billion Through Stock Options

MENLO PARK, Calif. (UPI) — Facebook chief executive Mark Zuckerberg’s base salary fell to $1 last year, but his total compensation for the year was $653,165 and $3.3 billion in stock options. Much like other technology CEOs, such as Google’s Larry Page and former Apple boss Steve Jobs, Zuckerberg claimed only $1 as base salary, […]

Cellphone ‘Kill Switches’ Could Save Americans Billion Of Dollars

OMAHA (UPI) — American consumers can save billions of dollars in replacing stolen phones and cellphone insurance if only cellphones came with a “kill switch.” According to research from Creighton University, Americans annually spend $4.8 billion on cellphone insurance and $580 million on replacing phones that they have lost. The Creighton study estimated that consumers […]

FBI To Investigate High-Frequency Trading

The FBI is probing whether financial firms gain an unfair advantage by acting on non-public information using high-frequency trading. The investigation stems from the heavy crackdown on insider trading, which has led to 79 convictions of hedge fund traders and others. While the inquiry is still in its initial stages, investigators are looking at whether […]

NHTSA: GM Had Critical Information That Would Have Helped Identify Defect

WASHINGTON (UPI) — The National Highway Traffic Safety Administration’s acting administrator will look to cast blame on General Motors when he testifies before the House subcommittee investigating GM’s vehicle recall. David Friedman, acting administrator of the NHTSA, in written testimony submitted before the hearing, argues that serious questions have been raised about the timeliness of […]

Wal-Mart Sues Visa For $5 Billion Over Credit Card Swipe Fees

Wal-Mart is suing Visa for $5 billion dollars for allegedly conspiring with banks to illegally inflate credit card processing fees. According to Wal-Mart, Visa’s credit card swipe fees violate antitrust regulations and have cost retailers and shoppers more than $350 billion. This isn’t the first time credit card companies have been taken to court over […]

Facebook To Use Drones And Satellites To Provide Internet Access

MENLO PARK, Calif., March 28 (UPI) — Facebook has set up a Connectivity Lab with an ambitious plan to provide net access to two-thirds of the world that lack such access, using drones and satellites. The plan will put Facebook in direct competition with Google, which is planning to increase access to the net using […]

Twitter Introduces Photo Tagging And Adding Multiple Photos To A Tweet

SAN FRANCISCO (UPI) — Twitter is attempting to make itself more photo-friendly by allowing users to tag friends in photos and include up to four photos in a tweet. Before Twitter allowed photo tagging, users would have to mention the people in the photo in the tweet itself. This meant that users’ precious 140 characters […]

U.S. Fourth-Quarter Economic Growth Revised To 2.6 Percent

WASHINGTON (UPI) — The Commerce Department revised its growth figures for the American economy, saying it grew by 2.6 percent, a modest uptick but still shy of growth seen in the third quarter. The revised figures for the last quarter of 2013 show that the economy grew a little faster than previously estimated but still […]

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