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U.S. Manufacturing Slow But Picking Up

NEW YORK (UPI) — A flash estimate of U.S. business activity in the manufacturing sector indicated growth picked up the pace in August but not enough to hold a parade. The Purchasing Managers Index for U.S. manufacturing hit its lowest point in 19 months in July, which gives it a ways to go before breaking […]

Consumer Confidence Slips In Europe

BRUSSELS (UPI) — The European Commission said Thursday the flash estimate of consumer confidence fell in the European Union and the eurozone in August. The flash estimate for the 27 EU countries came to a reading of minus 22.6 from minus 20.2 in July. For the 17-member eurozone, the confidence indicator dropped from minus 21.5 […]

New Home Sales Rose In July

WASHINGTON (UPI) — Sales of new single-family homes rose 3.6 percent June to July, the U.S. Commerce Department said Thursday. Sales rose from a revised June rate of 359,000 to a seasonally adjusted annual rate of 372,000 in July. Sales also rose 25.3 percent above the annual rate of 297,000 from July 2011. The Commerce […]

Mortgage Rates Rise For Fourth Week

WASHINGTON (UPI) — Fixed mortgage rates on long-term loans in the United States rose for the fourth consecutive week, the Federal Home Loan Mortgage Corp. said Thursday. The higher rates, which suggest an increased demand for loans, are a potential sign of slowly growing vigor in the housing market. Gains in residential building permits issued […]

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 […]

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