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Economic Outlook: Facing Facts At Facebook

There may be an interesting psychological study available in Menlo Park, Calif., this year — a study on disappointment — as Facebook employees watch the value of their company sink day by day. So soon after Facebook’s initial public offering in May, it remains vaguely forgivable that guesswork is involved when a chief executive officer […]

Industrial Production Rose In July

WASHINGTON (UPI) — Industrial production rose 0.6 percent in July after rising 0.1 percent in May and June, the U.S. Federal Reserve said Wednesday. Output in manufacturing, one of three industrial divisions, rose 0.5 percent, matching its increase in June. Output at U.S. mines increased 1.2 percent and output at utility firms rose 1.3 percent. […]

Builder Confidence Up For Four Months

WASHINGTON (UPI) — U.S. builder confidence rose for the fourth consecutive month in August, the National Association of Home Builders said Wednesday. “From the builder’s perspective, current sales conditions, sales prospects for the next six months and traffic of prospective buyers are all better than they have been in more than five years,” said Barry […]

CPI In July Remains Flat

WASHINGTON (UPI) — The Consumer Price Index was unchanged June to July, lowering the 12-month inflation figure to 1.4 percent, the U.S. Commerce Department said Wednesday. For the fourth consecutive month, prices consumers pay for day-to-day items were little changed. The annual inflation rate was 1.7 percent in May, but even that came down in […]

Eurozone Contracts, 2nd Recession Feared

LUXEMBOURG (UPI) — The eurozone slid toward a second recession in nearly four years as the economy contracted after stagnating the previous quarter, a European Union agency said. April-to-June gross domestic product for the 17 countries that use the euro fell 0.2 percent from the first quarter’s zero growth, the Eurostat statistics agency said. Compared […]

Wells Fargo Settles Case For $6.5 Million

NEW YORK (UPI) — U.S. regulators said Wells Fargo had agreed to a $6.5 million settlement to end a case against it alleging poorly managed toxic securities. The Securities and Exchange Commission said the bank and a broker had sold bundled securities in the early months of the bursting housing bubble that the bank simply […]

Tiny Fingerprint Scanner Unveiled

SPARTANBURG, S.C., (UPI) — U.S. company Integrated Biometrics has unveiled what is billed as the world’s smallest and fastest mobile fingerprint scanner with FBI certification. Integrated Biometrics, a manufacturer of fingerprint biometric technologies, said its new product — Watson-Mini — weighs less than 3 ounces and measures about 2.4×2.36×1.33 inches. The FBI has certified that […]

Radiation Detection Product Line Expanded

EDGEWOOD, Md., (UPI) — Smiths Detection will provide a full line of radiation detection equipment and identification products in partnership with Mirion Technologies. Smiths Detection markets the RadSeeker, a handheld radiation detector and identifier that can distinguish radiological and nuclear threats and eliminate “false positives” produced by naturally occurring radiation or other legitimate everyday radiological […]

Penney Downplays Dismal Q2

PLANO, Texas (UPI) — Executives at J.C. Penney said the venerable U.S. department store chain’s strategy is working despite a bruising second-quarter performance this year. Penney reported a larger-than-expected loss for the second quarter and saw its debt downgraded by Moody’s Friday, a move company leaders told reporters was not a sign of major trouble. […]

Discounts May Mean New Kindles Are Coming

LOS ANGELES (UPI) — Tech analysts say this week’s deep discounting of the Amazon Kindle DX reader could be a sign the company will launch a new model as early as next week. Amazon knocked $110 off the price of the Kindle DX as its “Deal of the Day” along with other specials related to […]


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