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Home Sales And Prices Rose In July

WASHINGTON (UPI) — Existing U.S. home sales rose 2.3 percent in July, while prices rose for the fifth consecutive month, the National Association of Realtors said Wednesday. The trade group said sales of single-family homes, townhomes, condominiums and co-ops rose to a seasonally adjusted annual rate of 4.47 million in July, up from a revised […]

Generation Y Is Walking The Floor

BOSTON (UPI) — U.S. workers in their 20s are five times more likely to work in retail than in all other jobs sectors, a Millennial Branding study found. Millennial Branding studies millennials or members of Generation Y, who are, essentially, the offspring of baby boomers, but those who come after Generation X. In a study […]

Mexico Worried About U.S. Arms Plan

MEXICO CITY (UPI) — Talks on transferring some of Afghanistan’s arms surpluses to the U.S.-Mexico border have raised concerns some weapons will end up in arsenals of drug cartels and organized crime. Support for the handover of military surpluses to border law enforcement has come from both Democratic and Republican U.S. lawmakers but so far […]

Cattle Prices Are Expected To Rise

WEST LAFAYETTE, Ill. (UPI) — U.S. cattle growers who weather high feed prices now will see increased profits next year and beyond, a Purdue University agricultural economist said. The price of cattle feed and the price of cattle are linked, but also on separate cycles, Purdue Extension economist Chris Hurd said. With a serious drought […]

Fed Reassessment Breaks Even

WASHINGTON (UPI) — Revised data showed the U.S. recession not as deep and the recovery not as quick as previously thought, the U.S. Federal Reserve said Wednesday. The minutes of the Fed’s July 31-Aug. 1 Open Market Committee meeting explains that, “revised data for 2009 through 2011 from the Bureau of Economic Analysis indicate the […]

Dunkin' Donuts Sued Over Racial Bias

TRENTON, N.J. (UPI) — Dunkin’ Donuts discriminates against minority owners through unfavorable business locations, a suit filed Monday in New Jersey state court says. The Massachusetts-based Dunkin’ Brands operates nearly 7,000 pastry-and-coffee franchises throughout the country, about 50 of which are minority-owned and located in “economically less advantageous areas,” the suit said. The plaintiffs claim […]

CEO Says Citigroup Is Going Back To Basics

NEW YORK (UPI) — Citigroup Chief Executive Officer Vikram Pandit said emerging markets, including business in China, would be the focus of the bank’s growth. Despite the recent economic slowdown in China, Citigroup is “banking on the fact that the growth story is intact” for the emerging markets, Pandit said. The bank’s profits in Asia […]

Poll: Pessimism Persists Over Economy

PRINCETON, N.J. (UPI) — U.S. consumers remain more pessimistic about the economy than they did near the end of 2011, a research group said. The high point for the year for the Gallup Economic Confidence Index in weekly readings has been minus 16, which came in late May, Gallup said. The current reading of minus […]

'Black Box' Requirement On For Sept. 1

The National Highway Traffic Safety Administration has rejected a one-year delay in regulations setting standards for event data recorders — the so-called “black boxes” — in U.S. vehicles. Beginning Sept 1, all new passenger vehicles sold with the devices will have to have programming that collects data in the seconds leading up to a crash. […]

Test Drive Not Necessary For Some

Veteran tire kickers may wince but test driving a new vehicle may be old-fashioned. The Detroit Free Press says many Internet savvy motorists are skipping the test drive and are ordering vehicles based on online research without actually sitting in the car let alone putting it through its paces on the road. A study by […]

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