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Three Fined For Airfare Ad Violations

WASHINGTON (UPI) — The U.S. Department of Transportation slapped three companies with fines for violations of airline fare advertising rules, the department said Thursday. Rules adopted in January mandate companies clearly display fares in full, including surcharges, taxes and fees, so that hidden costs are not later sprung on unsuspecting consumers. The department said Philippine […]

Durable Goods Orders Up, Non-Durable Down

WASHINGTON (UPI) — U.S. factory orders for non-durable goods fell in June, while durable goods orders picked up, the U.S. Census Bureau reported Thursday. Overall, new orders fell 0.5 percent, following a downwardly revised 0.5 percent rise in May, the bureau said. Overall, new orders dropped by $2.1 billion to $465.8 billion. But new orders […]

First-Time Jobless Claims Rise By 8,000

WASHINGTON (UPI) — First-time jobless claims rose by 8,000 in the week ending Saturday, the U.S. Labor Department said. The weekly report issued Thursday said there were 365,000 initial claims in the week. The four-week rolling average was also 365,000, down by 2,750 from the previous week, the department reported. The largest increases in initial […]

Employers Slow Down Layoff Announcements

CHICAGO, Aug. 2 (UPI) — For the third time in the year, job cuts announced by U.S. firms in July were lower than the same month from the previous year, a research firm said. Outplacement specialist Challenger, Gray and Christmas said U.S. employers announced 36,855 layoffs in July, down from the 37,551 announced in June […]

Recession Sparks Entrepreneur Boom

Recession Sparks Entrepreneur Boom

President Barack Obama may have had the opportunity to point out a silver lining regarding the ongoing economic recession if it weren’t for his recent “you didn’t build that” remarks. High rates of unemployment resulting from the struggling economy have resulted in a surge in American entrepreneurship.

Women Make More Money As PA Than MD

NEW HAVEN, Conn. (UPI) — If women’s primary motivation is money, they should forget becoming a primary care physician and become a physician’s assistant instead, U.S. researchers say. Study authors M. Keith Chen and Judith Chevalier of the Yale School of Management used data from thousands of doctors and physician’s assistants — wages and hours […]

Consumer Spending Flat In June

WASHINGTON (UPI) — Consumer spending was essentially flat for the second consecutive month in June, the U.S. Commerce Department said Tuesday. Adjusted for inflation, spending was down 0.1 percent, after rising 0.1 percent in May and 0.2 percent in April. Incomes rose 0.5 percent, or $61.8 billion, after rising 0.3 percent in May. Economists expected […]

Home Prices Up In May From April

NEW YORK (UPI) — U.S. home prices rose April to May, the second consecutive month of gains, the Standard & Poor’s/Case-Shiller report said Tuesday. Home prices rose 2.2 percent in both the 10-city and 20-city indexes after rising 1.3 percent in both indexes in April, which was the first rise in seven months. On an […]

Markey Seeks To Block CNOOC Deal

WASHINGTON (UPI) — Rep. Ed Markey, D-Mass., has asked the Treasury Department to block a merger that would give royalty-free U.S. oil to China. In a letter to the department sent Monday, Markey said the merger between Chinese oil company CNOOC Ltd. and Canadian firm Nexen Inc., should be blocked “until, at a minimum, parties […]

Not Everyone Gets Obamacare Rebates

WASHINGTON (UPI) — Don’t hold your breath waiting for a rebate from a U.S. insurance company, a law professor advised. The new healthcare act requires insurance companies with high administrative costs — those deemed not paying out enough in insurance benefits — return money in one of a variety of forms to their customers. Some […]

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